Hindsight Markets Recaps Small-cap stocks on October 12, 2026
LNKS, October 12: the float traded by 4:06 a.m., a $2.00 wall, one halt, and $3.49
LNKS opened up 29%, ran to $3.49 through one halt, then gave back most of the run by the close.
What happened
Draft for review. Not published.
Float traded by 4 a.m.
LNKS closed at $1.00 the day before. By 4:06 a.m., more shares had traded than its whole 1.5M float.
The halt and $2.00
Just after noon it ran to $1.95. Then a pause at 12:07:41 froze it at $1.41. An ask wall at $2.00 had sat there since 4:06 a.m.
Stop It's 12:57. LNKS is at $1.90. A big ask wall at exactly $2.00 first showed up at 4:06 this morning. Would you buy here?
Press play: the real Level 2, tape and chart run from 12:54 p.m. and stop at 12:57 p.m. ET for your call.
Buyers ate the wall. 42K shares traded at $2.00 in under a second. It hit $2.44 by 1:01.
Breaking higher
A new ask wall showed up at $2.30 at 1:51.
Stop It's 1:55. LNKS is at $2.27. An ask wall sits at $2.30, just above. Would you buy here?
Press play: the real Level 2, tape and chart run from 1:52 p.m. and stop at 1:55 p.m. ET for your call.
At 1:55:25 a buy sweep cleared the wall. It hit $2.71 a minute later.
Stop It's 2:30. LNKS is at $2.89, after reaching $3.05 at 2:26. $3.00 is just above. Would you buy here?
Press play: the real Level 2, tape and chart run from 2:27 p.m. and stop at 2:30 p.m. ET for your call.
At 2:30:13 a 157K-share buy order swept up to $3.14. It topped at $3.49 at 2:37, then faded and closed at $2.26.
What to take from it: On this day, the $2.00 and $2.30 ask walls were eaten in seconds, not pulled.
Replay LNKS's day
It starts at 12:43 p.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 12:46 p.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
Gap, run, gave some back. It gapped up 29.0% to $1.29 at the open, ran from the open to the high of $3.49 in 307 minutes through a halt, then gave back 56% of that move by 4:00 p.m., trading at $2.26, still above the open.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $1.00 | |
| 4:02 a.m. | Pre-market high, $1.92 | |
| 4:06 a.m. | Volume since 4:00 a.m. passes the whole float, 1.50 million shares | |
| 9:30 a.m. | The open: $1.29, up 29.0% from the previous close | |
| 2:37 p.m. | High of the day to the close, $3.49 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $2.26, 35.2% 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
- $1.00
- Open, 9:30 a.m.
- $1.29
- Gap at the open
- +29.0%
- Pre-market high
- $1.92 at 4:02 a.m.
- High, 4 a.m. to 4 p.m.
- $3.49 at 2:37 p.m.
- Low, 4 a.m. to 4 p.m.
- $1.10
- Close, 4 p.m.
- $2.26
- Change at 4 p.m.
- +126.0%
- After-hours high, 4 p.m. to 8 p.m.
- $2.57 at 4:10 p.m.
- Volume, 4 a.m. to 4 p.m.
- 58.43 million
- Volume after hours, 4 p.m. to 8 p.m.
- 3.30 million
- Relative volume by 8 p.m.
- 180.7×
- Float
- 1.50 million shares, from filings as of October 12, 2026
- Shares outstanding
- 1.77 million
- Volume, from the one-minute bars: 11.44 million shares before the 9:30 a.m. open (19%), 1.50 million in the first 30 minutes (2%), and 48.79 million in the rest of the day to 8 p.m. (79%).
- Float rotation, the volume since 4 a.m. against the float of 1.50 million shares: past it once at 4:06 a.m., twice at 4:16 a.m., three times at 4:32 a.m.
- Other days LNKS met the small-cap rule in our recaps: 1, the latest on October 9, 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 |
|---|---|---|---|---|---|---|---|
| 12:07 p.m. | 12:12 p.m. | 5 min 0 s | down 11.9% | $1.39, down 1.4% | up 2.2% | 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 LNKS on October 12, 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.