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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tmosley's picture

Can I has chart, pleez?

tmosley's picture

I don't see five separate ones.

Cognitive Dissonance's picture

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

Eye assure you they do. :>)

The Fonz's picture

Oh great, CD has gone Piers Anthony.

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.

augie's picture

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

Helvidius's picture

Bloodbath!  BOOOYAH!

TradingJoe's picture

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

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!

The Count's picture

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

Mec-sick-o's picture

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

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.

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.

Dr. Engali's picture

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

sjradeljic's picture

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

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.

BlakeFelix's picture

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

LRC Fan's picture

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

eurusdog's picture

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

digalert's picture

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

carbonmutant's picture

Court says Rambus destroyed documents...

eurusdog's picture

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

Joe Davola's picture

Documents they needed to prove their case.

SheepDog-One's picture

Put a circus tent over the stock markets.

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. 

MCHedgeHammer's picture

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

tmosley's picture

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

 

SheepDog-One's picture

He did that this morning already!

tmosley's picture

Damn, I'm behind the times then.

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.
KevinH's picture

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

NOTW777's picture

euro - 1.4021ish next?

fed s buying dollars

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? 

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.

trav7777's picture

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

bbq on whitehouse lawn's picture

Then you should love ZAR crosses.

Gubbmint Cheese's picture

up and running again...

Lord Peter Pipsqueak's picture

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

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.

Scribbles's picture

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

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. 

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.

lieutenantjohnchard's picture

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