T.2 Trading Halt Code

Definition of T2 Trading Halt Code

What does it mean if a stock has been halted with a "T.2 Trading Halt" code? Is this a good or a bad thing for people holding shares of the stock?

As we've said before, a "T.1" trading halt occurs when a stock is halted, pending the release of news.

When a "T.1" trading halt changes into a "T.2" trading halt, this means that the stock is still halted and whatever news that forced the stock to be halted in the first place has started the "dissemination" process.

Why not just resume trading in the stock AS SOON as the news is released?

They want to give people as many people as possible the opportunity to learn about and digest the news.

When the news has been "fully disseminated", the "T.2" trading halt turns into a "T.3" trading halt. We'll cover that at another time.

Let's give an example of a situation in which a "T.2" trading halt might take place.

Example: XYZ is halted in afterhours trading.

Investors hold their collective breath while a "T.1" trading halt code is slapped on the shares of XYZ.

A few minutes later, the "T.1" trading halt code turns into a "T.2" code.

In this case, XYZ has agreed to be purchased by another company, pending shareholder approval.

The news is being disseminated, hence the reason for the T.2 code.


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Which Forex Companies Allow you to Employ Automated Trading Strategies?

One of the biggest benefits of trading in the forex markets is that you can easily employ automated trading strategies. Sure, there are also ways to use an automated strategy in the equities markets as well, however there is one big difference - liquidity. The forex markets are the most liquid in the world, with trillions of dollars exchanging hands every day. Liquidity is a key component in any automated strategy, which is why the forex market is a perfect fit. Now, I am sure that there are many online forex brokers that allow you to utilize an automated trading strategy, however I am just going to talk about the broker that I am familiar with, and that is Forexyard.com.

Forexyard offers something called the Forexyard Strategy Automator, or the "FSA".

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They all worked INCREDIBLY hard to get to where they are right now.

There is no magic potion, no "secret strategy" that will made you wildly successful in forex trading overnight.

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Greed kills, and greed REALLY kills when it comes to trading forex. Don't forget that. All it takes is one bad trade to blow out your account.

Other than that, have fun, and don't forget that mastering the art of trading currencies can take years, so don't get frustrated

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BOGOTA -(Dow Jones)- Colombian authorities in August approved permits for construction on 1.8% fewer square meters than in the same month of 2008 as the area covered by non-housing permits fell, according to government figures released Tuesday.

Permits covering 1.24 million square meters were issued in August, the National Statistics Department, or DANE, said. The area covered for non-housing purposes decreased 21% to 310,000 square meters.

Construction licenses issued in the 12 months through August covered 14.15 million square meters, 23% less than in the 12-month period through August 2008.

In the first eight months of the year, construction licenses declined 25% to 8.50 million square meters from the same period in 2008.

-By Inti Landauro, Dow Jones Newswires; 57-1-610 70 44 Ext. 1131; colombia@dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=JTWHI1YqCLssKIlIyDNCUQ%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

October 20, 2009 20:06 ET (00:06 GMT)

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