Delayed opening

Finance allah shmoop What is a delayed opening old man

fitting geese at the park Yeah That's what i am

it's What I d'oh every morning Nine Thirty a M

sharp Yeah Okay Here you go Everything you already cash

but uh oh here's a problem what's wrong with this

guy who he's delayed and there it is Ding ding

ding opening bell Okay everyone sapo supposed to be eating

now Well yeah they do that to goes with the

territory but this one's delayed let's See what's going on

here who looks like this bird's going miss its earnings

number now the company was supposed to divulge all the

information but it looks like they left out one little

key Important fact the ceo is resigning Ouch Yeah that

smarts So the stock closed yesterday at forty two And

it's indicated at like thirty bucks a share here And

all the geese are scrambling to create what's called an

orderly market roughly matched or even sets of buyers and

sellers all coming together to transact Unfortunately there were so

many sellers The g's just couldn't keep things in order

So things air delayed So there are a whole gaggle

Of reasons a stock openings can be delayed in real

life Key nuggets of information not fully globally digested yet

like you know that little thing about the ceo resigning

and that's a good one How about the government indicting

the company for fraud Yeah that's Another good one Or

what about the company Pre announcing that they're going to

miss earnings by fourteen dollars a share A big power

outage on the east coast Yeah that could do it

too well Some computer malware sent by our kindly loving

trading partners overseas you betcha Well openings get delayed for

good reason Because if all of the information isn't fairly

disseminated well ah whole lot of people who should be

selling their shares at thirty eight thirty two a share

ended up selling him for twenty two bucks and will

have been financially you know damaged The whole notion of

a fair and orderly market is arguably the single best

thing about the way capital markets work in america versus

almost anywhere else in the world Like we trust our

system mostly the day the country loses its trust from

the people who participate in the investing community Well that's

pretty much the end of everything we know in a

capitalist society is that right comrades and getting go quack