- Yesterday, the SEC suspended trading in shares of SK3 Group (SKTO) under trading halt code H10 ("trading suspended until further notice"). According to a press release from the company, the suspension may be in effect until June 19, 2014. It received no advance warning from the regulator that it was suspending trading in its shares and it does not know the specific reason(s) for the halt, although it acknowledges the trading halts of other cannabis industry companies.
- Longs should expect a substantial down move when trading resumes.
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