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In a nutshell / Explanation in Lay terms!

$BioNexus Gene Lab(BGLC.US)$ Look i know LUDP halts suck and yes some MM’s use them as a chance to manipulate the price! But the halt itself is guided by rules! And its to give trader a few minutes to make a plan before price gets to far away from them before he/she has time to react! For Tier 1 its instituted when the price moves up or down 5-10% within 5 minutes! That triggers the halt for 5 minutes! And for Teir 2 Stocks the band window is if the price moves up or down 10-20% in 5 minutes. That will trigger the LUDP halt! The difference between Teir 1 and 2 is the price the stock is trading at that decides the trading band! Teir 1 is ( if im remembering correctly? ) Stocks under 3.00 and Teir 2 is for tickers over 3.00! So yes the rule itself is not bad or a trick! What is bad is that SOME unscrupulous MM’s will use this halt to manipulate PA! I hope this helps newer traders understand a bit better why / how LUDP HALTS ( VOLATILITY HALT ) Work!
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