This page has been archived and commenting is disabled.

TWTRQ Halted To Protect Idiots From Themselves

Tyler Durden's picture





 

Moments ago, today's standout stock Tweeter (TWTRQ), not to be confused with Twitter (TWTR) although it very clearly was as Zero Hedge first pointed out, was halted. The reason: to protect idiots from hurting themselves.

From the OTC bulletin board:

Trading Halt - Extraordinary Event Halt

 

"Trading is halted because FINRA has determined that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security or the security underlying an OTC ADR or has caused or has the potential to cause major disruption to the marketplace or significant uncertainty in the settlement and clearance process."

Major disruption such a people being too stupid to even know they are buying the wrong company, but hoping others are even dumber and buy their momentum shares? Well, good luck exiting your halted longs now. Pink Sheets stocks have a nasty habit of never unhalting once they halt.

Finally, we are hearing rumors JCP is now considering quickly changing its ticker to TWTRJ

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/04/2013 - 13:03 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Not Moral Hazard, but Intellectual Hazard?

Fri, 10/04/2013 - 13:09 | Link to Comment slaughterer
slaughterer's picture

What a retarded market today: first the gold raid on absolutely no jobs data, and then this tweet freak penny P&D.   

Fri, 10/04/2013 - 13:13 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

We know where this ends...Idiocracy

Fri, 10/04/2013 - 13:16 | Link to Comment krispkritter
krispkritter's picture

Just when you thought you made it idiot-proof, along comes a "New and Improved!" idiot...

Fri, 10/04/2013 - 13:22 | Link to Comment NotApplicable
NotApplicable's picture

Too bad the Founding Fathers didn't include the phrase "Stupid should hurt!" in the preamble to the Constitution.

Fri, 10/04/2013 - 13:33 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

If you do, and we do not apply this sticker to this chainsaw,
then a lawyer will sue us for everything we have,
and win under the "Failure to Warn" theory of recovery.

Fri, 10/04/2013 - 13:38 | Link to Comment Pure Evil
Pure Evil's picture

Halting trading may have stopped the idiots from hurting themselves, but with nothing to do they promptly started downloading thousands of webpages of tranny porn and resumed their daily ritual of self abuse.

Fri, 10/04/2013 - 13:58 | Link to Comment NoDebt
NoDebt's picture

In the earlier article I said this was one of my top 5 favorite ZH articles for exposure of sheer stupidity.  I ammend that to say it's now one of my top 3 favorites.

(When they turn it back on- IF they turn it back on- it will likely become my all-time #1 favorite)

Fri, 10/04/2013 - 14:26 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Thanks for the 2 articles on Tweeter, ZH, since both made me laugh my ass off.

I imagined that the head honcho of Tweeter was someone like Vince Vaughn's character ("Beanie") from the movie "Old School," who would've been ca$hing in today, chedda', chedda', chedda:

"Beanie: Yeah, that's it. I got a student alt rock band coming on next. Mitch, I own six speaker cities. I am worth three-and-a-half-million dollars that the government knows about. I got more electronics up there than a damn KISS concert. You think I'm gonna roll out this type of red carpet for a fucking marching band? Just make sure you can see the stage. Watch & learn ---

I'd like to welcome you all to the Mitch Martin Freedom Festival. Now for those of you who don't know who Mitch Martin is, he's the very successful, very disease-free gentleman standing by the mini-bar. Now, courtesy of Speaker City, which is slashing prices on everything from beepers to DVD players, give a warm welcome Harrison University welcome to my pal and your favorite, Snoop Dogg. "

"Mitch Martin: At this point, you may be asking yourself, why am I holding this 30 pound cinderblock in my hands? You might also ask yourself, why does this cinderblock have a long piece of string tied to it? And finally, why is the other end of this string tied securely to your penis?

Beanie: And the answer, ladies... is trust."

Sat, 10/05/2013 - 11:30 | Link to Comment max2205
max2205's picture

Another low SAT score related accident. ....

Fri, 10/04/2013 - 13:18 | Link to Comment smlbizman
smlbizman's picture

they do care....some fed employee came in on his vacati...i mean furlough and saved the day....for the stupid...and the stupid are the machines, right?.....

Fri, 10/04/2013 - 13:04 | Link to Comment Black Forest
Black Forest's picture

It was you, Tyler.

Fri, 10/04/2013 - 13:26 | Link to Comment Haager
Haager's picture

Some ppl don't get the black humour here.

Fri, 10/04/2013 - 13:04 | Link to Comment maskone909
maskone909's picture

TWTRJ that is pretty fucking funny!

Fri, 10/04/2013 - 13:06 | Link to Comment Drachma
Drachma's picture

Can I buy a TWERQ?

Sat, 10/05/2013 - 11:36 | Link to Comment max2205
max2205's picture

Milley may be a slut but she isn't cheap

Fri, 10/04/2013 - 13:07 | Link to Comment LawsofPhysics
LawsofPhysics's picture

motherfuckers!

Fri, 10/04/2013 - 13:09 | Link to Comment kaiserhoff
kaiserhoff's picture

For those who don't know that Q means queered.

Fri, 10/04/2013 - 13:10 | Link to Comment Crash Overide
Crash Overide's picture

Do algos fat finger?

Fri, 10/04/2013 - 13:39 | Link to Comment Pure Evil
Pure Evil's picture

Only if they can stop twirling on their fat thumb.

Fri, 10/04/2013 - 16:14 | Link to Comment Bobbyrib
Bobbyrib's picture

Depends if the trade makes money or not.

Fri, 10/04/2013 - 13:16 | Link to Comment Yen Cross
Yen Cross's picture

  What really kills me is the fact that it's clearly listed as an OTC(not NASDAQ/NYSE) stock on any quotes you pull up. Fucking retards deserve to lose their money. They should all be ordered to wear DUNCE caps for a month!

Fri, 10/04/2013 - 13:12 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Funny, and I bet all the "idiots" who bought it were just giddy at how they were getting into TWTR on the ground floor!!  ZOMG, I can get in for a nickel!!!

Fri, 10/04/2013 - 15:34 | Link to Comment ToNYC
ToNYC's picture

TWTR in a Cracker Jacks box, a nut and a toy.

Fri, 10/04/2013 - 13:17 | Link to Comment Mercury
Mercury's picture

This is what we need government for people.

Who else would protect these victims and potential victims?

Call your congressman now and demand they raise the roof off that debt ceiling suckah before someone drinks expired milk!

Fri, 10/04/2013 - 13:21 | Link to Comment Bobbyrib
Bobbyrib's picture

Drinks expired milk and eats paint chips..

Fri, 10/04/2013 - 13:25 | Link to Comment Almost Solvent
Almost Solvent's picture

Drinks expired milk and eats paint chips and needs moar minutes for their Obamaphone

Fri, 10/04/2013 - 13:17 | Link to Comment Bunga Bunga
Bunga Bunga's picture

It's the recovery, stupid.

Fri, 10/04/2013 - 13:21 | Link to Comment replaceme
replaceme's picture

Are these investors Too Small to Fail?

Fri, 10/04/2013 - 13:25 | Link to Comment Save_America1st
Save_America1st's picture

That's because he actually represents the treasonous Fascist Marxist leadership of the Free-Shit Army party, but none of the sheeple want to admit they know that.

Fri, 10/04/2013 - 14:49 | Link to Comment shovelhead
shovelhead's picture

LOL.

San Diego. Bet they know the Mexican President.

Fri, 10/04/2013 - 13:23 | Link to Comment adr
adr's picture

Did anyone really think Twitter started trading at one cent?

I mean it really is what the company is worth, but god do you have to be a new kind of stupid to think you were buying a share of the next Wall Street mono darling for a copper penny.

Fri, 10/04/2013 - 13:50 | Link to Comment OneTinSoldier66
OneTinSoldier66's picture

To use a copper penny, you need to be using one that's minted 1980 or earlier!

Fri, 10/04/2013 - 14:07 | Link to Comment Lord Blankcheck
Fri, 10/04/2013 - 14:24 | Link to Comment SubjectivObject
SubjectivObject's picture

Scrape the rim of 82 coins to see if silver coloration shows.

Fri, 10/04/2013 - 13:22 | Link to Comment Haager
Haager's picture

Since when is the market on to protect idiots?

Fri, 10/04/2013 - 13:25 | Link to Comment Save_America1st
Save_America1st's picture

This is the most hilarious thing I've read all day. 

Are you sure it wasn't some wrongly coded vacuum tube algo-bot that went on a misinformed buying spree??? LOL

Fri, 10/04/2013 - 13:27 | Link to Comment NoWayJose
NoWayJose's picture

Let the idiots throw away their money here, and decrease the surplus pile of idiot cash

Fri, 10/04/2013 - 13:26 | Link to Comment adr
adr's picture

I can just see the screaming penny stock trader.

"I BOUGHT 10K SHARES AT ONE CENT. I WANT MY MILLION DOLLARS!!!

Fri, 10/04/2013 - 17:01 | Link to Comment edifice
edifice's picture

Heh... pinkies are a joke... You're just asking to give your money away.

Fri, 10/04/2013 - 13:25 | Link to Comment shovelhead
shovelhead's picture

Some people are going to be proud owners of some very nice 8 track car tapeplayers.

Fri, 10/04/2013 - 13:28 | Link to Comment PivotalTrades
PivotalTrades's picture

When will they do the same for TSLA

Fri, 10/04/2013 - 13:39 | Link to Comment deerhunter
deerhunter's picture

EPA lead abatement/containment rules from 2009 caused an average window/door replacement job of 5 yo 6 K to go up to 6 to 7k and it directly bankrupted companies as the added costs of course were added on to the homeowner.  Rule and regulations will be the death of this country.

Fri, 10/04/2013 - 13:49 | Link to Comment Godisanhftbot
Godisanhftbot's picture

 There were no idiots. It was all wize guyz thinking they could sell to a greater fool.

 Like a lot of stocks. 

 

 

Fri, 10/04/2013 - 13:51 | Link to Comment onewayticket2
onewayticket2's picture

Can you hear Gene Rayburn and his three foot mic asking:

 

"Anthony Weiner just mistakenly tweeted a picture of his_________________!"

Fri, 10/04/2013 - 14:29 | Link to Comment insanelysane
insanelysane's picture

iPr*ck

Now can I hug Richard Dawson?

Fri, 10/04/2013 - 13:54 | Link to Comment debtor of last ...
debtor of last resort's picture

#BTFATHJ

Fri, 10/04/2013 - 14:02 | Link to Comment DOT
DOT's picture

We have gone over the edge.

This is out right price fixing.

Fri, 10/04/2013 - 14:04 | Link to Comment Bobbyrib
Bobbyrib's picture

What is this "price fixing" you speak of, Comrade?

Fri, 10/04/2013 - 14:07 | Link to Comment DOT
DOT's picture

"This is not the price you are looking for. Move along"

Fri, 10/04/2013 - 14:12 | Link to Comment Bobbyrib
Bobbyrib's picture

QE is essentially what made price fixing quite evident.

Fri, 10/04/2013 - 14:06 | Link to Comment carbonmutant
carbonmutant's picture

Lemmings will always find a cliff...

Fri, 10/04/2013 - 17:04 | Link to Comment edifice
edifice's picture

This is the entire purpose of the OTC.

Fri, 10/04/2013 - 14:09 | Link to Comment Pairadimes
Pairadimes's picture

What did I miss? Has anyone been shot by the DC police over this?

Fri, 10/04/2013 - 14:30 | Link to Comment insanelysane
insanelysane's picture

Just when you thought we had the driving while black thing under control, DC authorized deadly force for it.

Fri, 10/04/2013 - 14:33 | Link to Comment Troncom
Troncom's picture

If a South American/Spanish person phones an English stockbroker and says "buy Twitter", the English person will hear it as "buy Tweeter"

Fri, 10/04/2013 - 14:56 | Link to Comment shovelhead
shovelhead's picture

If a Phoenician called a Hittite would he get a dial tone?

Fri, 10/04/2013 - 16:30 | Link to Comment Downtoolong
Downtoolong's picture

You know it's out of control when FINRA steps in to halt it. I mean, this must be the first time they took any meaningful regulatory action in 20 years.

You can bet if they screwed up a Goldman trade in  the process, someone is going to get fired for that now.

 

Do NOT follow this link or you will be banned from the site!