Dry Shippers are doing really well today, most of them are up 15-20%.
Does anyone foresee another period of heavy selling coming up for Thurs/Fri of this week? Or you think we are stable for a bit?
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Dry Shippers are doing really well today, most of them are up 15-20%.
Does anyone foresee another period of heavy selling coming up for Thurs/Fri of this week? Or you think we are stable for a bit?
Brandon or others,
Can you explain the mechanics of how only 100 share trades influence the SP relatively so much? Is it a cause and effect trigger to get other sellers to join in? I never did nor still do understand this strategy? Excuse my ignorance and thank you
If it were not for tangets we would spend all our time saying "100 shares at .1365" over and overQuote:
Originally Posted by sl62
I have read that the MM's signal each other by using blocks.
100 means keep the price here
200 means something
300 means something
400 and 500 have meaning. Over that they are actually making a retail trade
LOL...ever think of going into comedy...just shot coffee all over my desk blotter.Quote:
Originally Posted by mogami
Brandon..
I've liked the action on this stock now all last week and this. Bullish. MM's have been keeping the action pretty tight so swing traders are losing interest and will be back around the 17th..nothing doing on the day trade since last Monday's quick early AM takedown to .115. since then nothing. Lightest volume at this hour I think I've seen in quite a while..I like that too right here..
Check to see if the BDI is up today that is most likely the reason for the move from day to day. There are other things every once and a while like China finalizing contracts on minerals, ect.Quote:
Originally Posted by Sirius_Long_Hauler
You are right in that i also read that signaling theory somewhere too but after a while wouldn't others catch on? Wouldn't the "code" have to change? Isn't this illegal? where's the SEC?
Ok i'm chuckling on that SEC question but seriously how can this perpetuate if it's common knowledge? Thanks
Also since MM's do not pay commisions on trades they will buy or sell small blocks they own themselves to move price. You can be sure everyday they make money regardless of where the SP goes. If a retail seller offers at a low price they will buy, move the price up and sell.
Brandon, Ive noticed anytime 100 shares gets traded a lot it spells bad news temporarily for Sirius, and takedown is coming. Almost like clock work.