I got back from my morning meeting and went online to see how Google’s (GOOG) first day on the Nasdaq was going, but my real-time quote says trading was halted! I can’t seem to find any news articles indicating why… anyone got their finger on wall street’s pulse?
Yahoo News said that shares are expected to start trading at 11:30am, so it’s not that trading was halted, but that it hasn’t yet begun.
Why wouldn’t they just open in the morning like the rest of the markets?
There it goes, up 65% to 140 right off the bat. DAMN!
AAAH - I am so confused. What is going on now? Is this all just shady stuff going on, or might there be a ligitimate explanation for this?
NEW YORK, Aug 19 (Reuters) - The Nasdaq Stock Market Inc (OTC BB:NDAQ.OB - News) said on Thursday that Google Inc. (NasdaqNM:GOOG - News) shares had not yet opened for trading.
She declined to comment further on what the problem was.
Doesn’t appear to be a big deal.
Google debuts with minor glitch .
“A broker-dealer put up premature data,” Nasdaq spokeswoman Sylvia Davi told CBS MarketWatch. She declined to say which broker-dealer was responsible for the glitch. …
While the Google IPO’s every move has been closely scrutinized, it’s not unusual for minor irregularities to appear when shares debut.
The IPO of closely watched tech firm Transmeta (TMTA: news, chart, profile) kicked off in late 2000 with confusion over a Nasdaq-member firm executing orders prior to the stock’s official open.
“Bad data can happen for a million reasons,” said Mark Madoff of Nasdaq market maker Madoff Investments.