Hindsight Markets Recaps Small-cap stocks on September 25, 2026
TDIC, September 25: the $3.20 wall, one halt, and $4.00
TDIC opened near its previous close, then ran to $4.00 through one halt during the session.
What happened
Draft for review. Not published.
A sleepy start
There was no news, and the morning was dead. It opened at $1.98 and sat near $1.97 until late morning.
It cleared $2.00 at 11:28 and ran to $2.99 by 11:37. By 11:53, more shares had traded than the whole float.
The $3.20 wall
From 11:52, a big offer sat at exactly $3.20, just above the price.
Stop It's 11:55. TDIC is at $3.11. A large ask wall has been showing at $3.20, just above, since 11:52. Would you buy here?
Press play: the real Level 2, tape and chart run from 11:52 a.m. and stop at 11:55 a.m. ET for your call.
Buyers ate it. 29K shares traded at $3.20 in about a second, and the wall was gone. It ran to $3.39, then fell to $2.43 by 12:05.
The pause at $3.17
It jumped back to $3.17 in the 12:11 minute and was paused at 12:12:08.
Stop It's 12:22. TDIC has been halted for ten minutes. It last traded at $3.17. Would you buy the reopen?
Press play: the real Level 2, tape and chart run from 12:19 p.m. and stop at 12:22 p.m. ET for your call.
It reopened at 12:22:09 at $3.60, 14% higher. The day's high, $4.00, came that same minute. A 48K-share wall at $4.63 was pulled at 12:24:14. The next push stopped at $3.80.
It faded to $2.50 by 1:17 p.m. and closed the session at $3.15.
What to take from it: On TDIC, the halt reopened higher, but the top came in that first minute, and buying fast cost more than the screen showed.
Replay TDIC's day
It starts at 11:31 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 11:34 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Intraday run. It opened up 0.5% at $1.98, then ran from the open to the high of $4.00 in 172 minutes through a halt.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 7:00 a.m. | Pre-market high, $2.00 | |
| 9:30 a.m. | The open: $1.98, up 0.5% from the previous close | |
| 11:36 a.m. | First trade 20% above the previous close of $1.97 | |
| 11:53 a.m. | Volume since 4:00 a.m. passes the whole float, 2.34 million shares | |
| 12:22 p.m. | High of the day to the close, $4.00 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $3.15, 21.3% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $1.97
- Open, 9:30 a.m.
- $1.98
- Gap at the open
- +0.5%
- Pre-market high
- $2.00 at 7:00 a.m.
- High, 4 a.m. to 4 p.m.
- $4.00 at 12:22 p.m.
- Low, 4 a.m. to 4 p.m.
- $1.94
- Close, 4 p.m.
- $3.15
- Change at 4 p.m.
- +59.9%
- After-hours high, 4 p.m. to 8 p.m.
- $3.99 at 5:19 p.m.
- Volume, 4 a.m. to 4 p.m.
- 12.76 million
- Volume after hours, 4 p.m. to 8 p.m.
- 2.90 million
- Relative volume by 8 p.m.
- 1197.2×
- Float
- 2.34 million shares, from filings as of September 25, 2026
- Shares outstanding
- 3.41 million
- Volume, from the one-minute bars: 734 shares before the 9:30 a.m. open (0%), 1,863 in the first 30 minutes (0%), and 15.66 million in the rest of the day to 8 p.m. (100%).
- Float rotation, the volume since 4 a.m. against the float of 2.34 million shares: past it once at 11:53 a.m., twice at 12:10 p.m., three times at 12:30 p.m.
- Other days TDIC met the small-cap rule in our recaps: 3, the latest on October 27, 2026.
On the day's lists: the gainers, intraday runners. It is here because it met the small-cap rule on the gainers: price $2 to $20, up 10% or more, relative volume 5× or more, float under 20 million shares, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (1)
| Halted | Resumed | Length | The 5 minutes into it | Reopened at, against the last trade | The 5 minutes after | Reason in the feed | Watch it |
|---|---|---|---|---|---|---|---|
| 12:12 p.m. | 12:22 p.m. | 10 min 1 s | up 17.4% | $3.60, up 13.6% | down 12.2% | LULD pause (limit up-limit down) |
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay TDIC on September 25, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.