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RMBS Stock Halted 5 Times In A Row

Tyler Durden's picture




 

Update: 6th Halt

For anyone who is sitting by the terminal bored by the meltdown of the EURUSD, redirect your attention to RMBS please where the stock has crashed, either up or down, and has been halted not once, not twice, not three times... but five times in a row, an all time world record, and a confirmation that the morons at the SEC have taken a farce and converted it into a tragedy.

 

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Fri, 05/13/2011 - 12:11 | 1271950 tmosley
tmosley's picture

Can I has chart, pleez?

Fri, 05/13/2011 - 12:18 | 1271992 Global Hunter
Global Hunter's picture

No bloomberg I'm afraid but this should work.

http://stockcharts.com/h-sc/ui?s=RMBS

Fri, 05/13/2011 - 12:19 | 1272013 tmosley
tmosley's picture

I don't see five separate ones.

Fri, 05/13/2011 - 12:32 | 1272050 Cognitive Dissonance
Cognitive Dissonance's picture

That's because you don't usually notice it when a person blinks their eyes.

Eye assure you they do. :>)

Fri, 05/13/2011 - 17:04 | 1273002 The Fonz
The Fonz's picture

Oh great, CD has gone Piers Anthony.

Fri, 05/13/2011 - 13:27 | 1272246 Hat Trick
Hat Trick's picture

Yeah, but not everything in life is actually a conspiracy theory. The news today is/was:

"a federal appeals court on Thursday ruled that Rambus did inappropriately destroy documents related to patent cases..."

So not exactly like a large drop in stock price wasn't predicted to happen.

Fri, 05/13/2011 - 12:11 | 1271952 augie
augie's picture

flash crash here we come baby. short /es from 1356 and holding.

Fri, 05/13/2011 - 12:13 | 1271966 Helvidius
Helvidius's picture

Bloodbath!  BOOOYAH!

Fri, 05/13/2011 - 12:12 | 1271973 TradingJoe
TradingJoe's picture

Me all cash and physical PMs ....and PUTS, LOTS OF THEM :)))!

Fri, 05/13/2011 - 12:21 | 1272020 augie
augie's picture

YES!!! This crash will finance my tuition for next semester. SELL THIS FUCKER DOWN! Papa needs a new pair of orthapedic shoes!

Fri, 05/13/2011 - 14:14 | 1272380 The Count
The Count's picture

Haha.... if there is a REAL AND COMPLETE CRASH, do you think those puts will actually be paid out??????

Fri, 05/13/2011 - 16:10 | 1272761 Mec-sick-o
Mec-sick-o's picture

Perhaps just a sell-off... of about 80%?

Fri, 05/13/2011 - 17:08 | 1273013 augie
augie's picture

20% and i'm happier than a two dollar whore when the circus is in town. 80% i'll manifest into J.C. himself and crip walk across the east river.

Fri, 05/13/2011 - 12:12 | 1271975 TruthInSunshine
TruthInSunshine's picture

Blankfien or Jameeeeeey Dimon keep hitting the wrong button.

They'd better get tech support up there.

Those Squid/Morgan brass are such tech troglodytes.

Fri, 05/13/2011 - 12:15 | 1271981 Dr. Engali
Dr. Engali's picture

So do I buy sell or hold? What does crammer say?

Fri, 05/13/2011 - 12:16 | 1271984 sjradeljic
sjradeljic's picture

A company that helps make computers get faster and faster is getting destroyed because trading is getting faster and faster......Irony!!!

Fri, 05/13/2011 - 16:06 | 1272732 Citxmech
Citxmech's picture

This is just like the simulations at the end of "War Games" - ever faster trading leading to self-reinforcing melt-ups/downs - with no winner ever.

And every iteration some IT hack has to halt everything and reset it to an earlier state.

At this point everyone knows the the markets are a farce - but at this rate soon it will be un-tradable.

Sat, 05/14/2011 - 12:02 | 1274283 BlakeFelix
BlakeFelix's picture

The only way to win is not to play. Or to play a better game, can they run crysis?

Fri, 05/13/2011 - 12:14 | 1271987 LRC Fan
LRC Fan's picture

DXY just went vertical.  Maybe they will halt EUR/USD?  lol

Fri, 05/13/2011 - 12:14 | 1271990 eurusdog
eurusdog's picture

But at least it's on 778k in avg. volume.   

Fri, 05/13/2011 - 12:15 | 1271993 digalert
digalert's picture

This calls for a blue ribbon panel investigation...zzzzzz

Fri, 05/13/2011 - 12:18 | 1271994 carbonmutant
carbonmutant's picture

Court says Rambus destroyed documents...

Fri, 05/13/2011 - 12:20 | 1271998 eurusdog
eurusdog's picture

So this might be on legit news of shit hitting the fan. Any more details?

Sat, 05/14/2011 - 00:42 | 1273794 carbonmutant
Fri, 05/13/2011 - 13:20 | 1272229 Joe Davola
Joe Davola's picture

Documents they needed to prove their case.

Fri, 05/13/2011 - 12:17 | 1271999 SheepDog-One
SheepDog-One's picture

Put a circus tent over the stock markets.

Fri, 05/13/2011 - 12:18 | 1272008 LRC Fan
LRC Fan's picture

+6 halts

Fri, 05/13/2011 - 13:32 | 1272262 Ryman1075
Ryman1075's picture

+1

 

Fri, 05/13/2011 - 12:18 | 1272000 LRC Fan
LRC Fan's picture

CNBC reporting it has been halted yet again. 

Would not surprise me in the least for the Dow to close green today. 

Fri, 05/13/2011 - 12:17 | 1272003 MCHedgeHammer
MCHedgeHammer's picture

friday the 13th......its a scary day on the street.

Fri, 05/13/2011 - 12:20 | 1272015 tmosley
tmosley's picture

Calling WB7, calling WB7, can we get a Bernanke in a Jason mask?

 

Fri, 05/13/2011 - 12:25 | 1272033 SheepDog-One
SheepDog-One's picture

He did that this morning already!

Fri, 05/13/2011 - 14:14 | 1272387 tmosley
tmosley's picture

Damn, I'm behind the times then.

Fri, 05/13/2011 - 12:24 | 1272028 SloSquez
SloSquez's picture
spo·li·a·tion     1a : the act of plundering b : the state of having been plundered especially in war   2: the act of injuring especially beyond reclaim Seems to the mantra these days.
Fri, 05/13/2011 - 12:18 | 1272007 KevinH
KevinH's picture

lol its halted again. i was just about to get some of the may 18 calls.

Fri, 05/13/2011 - 12:24 | 1272018 NOTW777
NOTW777's picture

euro - 1.4021ish next?

fed s buying dollars

Fri, 05/13/2011 - 12:22 | 1272022 Urban Redneck
Urban Redneck's picture

Behold the virtual Push-Me-Pull-You, constructed entirely of algos.

Or are flash crashes just social conditioning for the institution-only emergency exit doors? 

Fri, 05/13/2011 - 12:50 | 1272024 Rynak
Rynak's picture

Can anyone tell me what is happening to gold right now? Did i miss a giant margin hike on gold?

EDIT: Oh nevermind - no way this is a normal market reachtion to margins.... someone is having fun with bots again.

EDIT2: I don't think this is caused by gold itself.... it's a reaction to something else.... perhaps because of the currency insanity that is going on?

EDIT3: Yup, just dollar going nuts.

Fri, 05/13/2011 - 12:26 | 1272025 trav7777
trav7777's picture

the carry currencies are getting assfucked...JPY or USD against AUD, BRL...EUR getting it up the pooper too.

Fri, 05/13/2011 - 14:03 | 1272348 bbq on whitehou...
bbq on whitehouse lawn's picture

Then you should love ZAR crosses.

Fri, 05/13/2011 - 12:26 | 1272029 Gubbmint Cheese
Gubbmint Cheese's picture

up and running again...

Fri, 05/13/2011 - 12:26 | 1272038 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

No floor under the Euro,it's causing a massive selloff in everything,where's Brian?

Fri, 05/13/2011 - 12:35 | 1272061 Central Wanker
Central Wanker's picture

Wild ride, indeed...

There's really no reason for Euro to have any value. We may soon have a new leader in the race to the bottom.

Fri, 05/13/2011 - 15:38 | 1272633 Scribbles
Scribbles's picture

bah, it's down 1%. Who cares. Not sure why their worthlessness is worth 1.4x as much as our worthlessness

Fri, 05/13/2011 - 12:27 | 1272041 LRC Fan
LRC Fan's picture

OT-CNBC just reported that the gov't is "reporting" that bin Laden had plans to kill Obama around next year's election.  That is their reason the markets went lower. 

Fri, 05/13/2011 - 12:31 | 1272058 SheepDog-One
SheepDog-One's picture

LOL Opera of the Insane.

Fri, 05/13/2011 - 12:37 | 1272071 Common_Cents22
Common_Cents22's picture

Barry Soeterro wore out Bush, so he found a new boogeyman to blame, Bin Laden.    Osama will be blamed for anything Obama does from here on out.

Fri, 05/13/2011 - 12:29 | 1272049 lieutenantjohnchard
lieutenantjohnchard's picture

shappy is power dialing the street looking for her next gig.

Fri, 05/13/2011 - 12:30 | 1272053 ryanseventyfive
ryanseventyfive's picture

Didn't he play for the Lakers?

Fri, 05/13/2011 - 12:34 | 1272070 lieutenantjohnchard
lieutenantjohnchard's picture

now that most everybody is on the dxy port side of the boat guess it's time to go to starboard.

Fri, 05/13/2011 - 12:34 | 1272073 New American Re...
New American Revolution's picture

MORONS?    I think your giving them too much credit.

Fri, 05/13/2011 - 12:54 | 1272141 babylon15
babylon15's picture

Working as intended.

Fri, 05/13/2011 - 13:02 | 1272165 aerial view
aerial view's picture

Attn: all applicants

Those who have been charged with fraud, gross negligence or mental incompetence please apply for positions available at: Security and Exchange Circus (SEC). Fired McDonald employees also welcome. 

Fri, 05/13/2011 - 13:08 | 1272182 slewie the pi-rat
slewie the pi-rat's picture

damn!  if only we weren't face-planted against the ceiling, timmah could sell some bonds, notes, bills! 

will the FED loan him some against future tax receipts?   IRS swap.  stay tooned.

Fri, 05/13/2011 - 15:17 | 1272567 TumblingDice
TumblingDice's picture

lol

Fri, 05/13/2011 - 15:21 | 1272579 DB Cooper
DB Cooper's picture

Regular action - "first we'll crush the shorts and hit their stops - then we'll crush the longs"  Ok go.

Fri, 05/13/2011 - 15:28 | 1272605 SunBlaster
SunBlaster's picture

Great RamBus should burn in hell, all they do is file patents based on publicly avalaible technology, than sue companies who use that technology.

They don't design or manufactuer anything.

Fri, 05/13/2011 - 15:33 | 1272622 Scribbles
Scribbles's picture

I hear NYSE is going to only allow trading from 3:30-4pm from now on.

Fri, 05/13/2011 - 21:58 | 1273581 farmer1
farmer1's picture

Go back and re-read history based on what you know about financial markets, lending, derivatives, etc. You’ll see at least as far back as the French Revolution that it was backroom financial deals that got one party in trouble and enriched another. When the first went to collect and were told to back off it lead to war. Or the indebted party had to cut its standard of living so far that its own people revolted. Derivatives (swaps) pull forward future earnings into current periods. Both companies have independent valuations so both sides to an agreement can claim profits in the early years. The whole things is Enron, LTCM, ad nausea.

Sat, 05/14/2011 - 05:05 | 1273913 Youri Carma
Youri Carma's picture

Looks more like a cardiogram. Last heart pulse just before the patient died LOlz!

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