Trading suspended for everyday investors amidst unprecedented gains

A surge in Canadian trading of internet promoted stocks including AMC, BlackBerry and Gamestop led to stock halts and trading disruptions Thursday. This came amid a social media based push that fuelled huge price gains and high trading volume for BlackBerry, GameStop and other stocks, which led to smaller traders making huge gains.

Wall Street hedge funders called on the the Investment Industry Gaming Organization to suspend the trading of some of these stocks. The regulatory organization suspended trading of BlackBerry twice as shares surged more than 40 percent amid triple the usual trading volume.

Mike Timchuk is a trader in Medicine Hat, and explains some of the chaos that unfolded Wednesday.

Jeannette Rocher

Born in Puerto Rico, raised in Minnesota and Manitoba, Jeannette has had the opportunity to live in a variety of places including New York, Arizona, and Nevada. After completing college and a paid internship with CBC Winnipeg, Jeannette embarked on her journalism career by moving overseas to take a job on the island of Saipan in the Northern Mariana Islands. While overseas she covered stories in Fiji, Guam and Japan including the 2011 tsunami that hit Japan and its surrounding islands. She covered a mass shooting, an Earth quake, murder cases and other substantial court cases. In 2013 she moved to Alberta where she covered the devastating floods of High River and Medicine Hat for CTV News. She then went on to produce and host Go! Southern Alberta for Shaw TV. She now calls Miracle Channel home. In addition to reporting in the field, you can catch her anchoring daily weather reports, as well as longer interview segments on BCN, and the week-in-review show on BCN Weekends. 

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