ShmoopTube

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Finance allah shmoop What is a delayed opening old man

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

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

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sharp Yeah Okay Here you go Everything you already cash

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

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

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ding opening bell Okay everyone sapo supposed to be eating

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now Well yeah they do that to goes with the

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

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

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number now the company was supposed to divulge all the

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information but it looks like they left out one little

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key Important fact the ceo is resigning Ouch Yeah that

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smarts So the stock closed yesterday at forty two And

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

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

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orderly market roughly matched or even sets of buyers and

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sellers all coming together to transact Unfortunately there were so

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

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So things air delayed So there are a whole gaggle

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Of reasons a stock openings can be delayed in real

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life Key nuggets of information not fully globally digested yet

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like you know that little thing about the ceo resigning

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

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

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

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miss earnings by fourteen dollars a share A big power

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outage on the east coast Yeah that could do it

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too well Some computer malware sent by our kindly loving

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trading partners overseas you betcha Well openings get delayed for

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

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disseminated well ah whole lot of people who should be

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selling their shares at thirty eight thirty two a share

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ended up selling him for twenty two bucks and will

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have been financially you know damaged The whole notion of

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a fair and orderly market is arguably the single best

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thing about the way capital markets work in america versus

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almost anywhere else in the world Like we trust our

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system mostly the day the country loses its trust from

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

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pretty much the end of everything we know in a

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capitalist society is that right comrades and getting go quack

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