The Satwaves article makes me tingle inside.
I love articles like that.
1+1=1 sometimes
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The Satwaves article makes me tingle inside.
I love articles like that.
1+1=1 sometimes
Never under estimate the price an individual will pay for a part of history.... Not to mention the sentimental value that so many place on parts of their own personal history.... as in you 101 yr old Grandfather. He has lived through the last depression, two World Wars, a Korean War that has not officially ended but is in a Cease Fire, The Vietnam Conflict, and the Beatles...... not to mention his watching your Ass Grow Up..... Take another look at that 3500 share Certificate and tell me you don't see more than their dollar value.... if that's all you see I'll give you twice face value today.....Quote:
Originally Posted by exilejeff
Guys, I'm not seeing what you're seeing in After Hours. I'm just learning to watch level II granted, but I see a lot more sell orders stacked up than buys. We are also down to .33 right now. Am I just looking at this wrong?
Quote:
Originally Posted by cos1000
And if there is anyone here that knows just how his great grandfather feels it would be you cos1000, Well said, Its nice to have an old mans view point.
Yes. Ignore all orders under 10000. The other trades are useless, or attempts to manipulate perceptions for tomorrow. Now what do you see?Quote:
Originally Posted by RU Sirius
Let me explain this again for everyone, as Brandon has a hundred times. Why did it close at .35 cents? Due to the large amount required to fill that order. They COULDNT find enough sellers lower to fill this order. So if 100 shares trades right after the .35 cent trade, to .33 cents, which trade holds more validity? Yes, that was a rhetorical question.
What I also found interesting at close was.... the NASDAQ trading platform from about 4 minutes before close, didn't have any sell orders below .345-.35. Being a NASDAQ close what I am seeing more on a daily basis is the ISEG platform trades in before and after hours with lower Asks and lower Bids than does the NASDAQ platform.... to me this is a manipulation that is separating Retail Investors from less popular platforms, from those of the more traveled ones.... First time I saw this as another opportunity for the MM's to make additional money from the retail investor looking to save on "no name" (sharebuilder comes to mind) platforms to manipulate SP at these low volume levels....Quote:
Originally Posted by relmor2003
ETRADE comes to mind as another(2 decimal places only). ETRADE is the most common of common brokers(but excellent I might add). Their platform looks wonderful, their services are second to none, but they only allow the 2 decimal places. Allow world wide market access, and 5 currency options as well. Ameritrade only wishes they had these options.Quote:
Originally Posted by cos1000
In my Village, sitting around the fire, telling Heroic Stories of our ancestors, the GM Stock Certificate, is not one that we use for Fuel for the Fire, but rather one we hold dear as a memory of our past........ as I write this... the Dog looks up at me in agreement.... A Song by Marc Cohn http://www.youtube.com/watch?v=T2L9N...e=relatedcomes ,Quote:
Originally Posted by john
to mind... about a Silver Thunderbird.... those damn Ford competitors.... you know before Toy... Ota... and then its gone....:cool::rolleyes:;):)
Thanks for clarifying that. I do try to just look at the larger blocks....many times I'm focused on only the one's at 100k or more. I've been watching level II for a couple weeks now and think I'm starting to see some of the trends and how they develop.....but not sure if I'm seeing it correctly.
For instance, right now I see a 188k sell order at .36. There's not as much on the buy side to offset that (several 10k & 20k's). So does this indicate a downward movement to come since the sell orders are that much greater? I'm guessing the answer is "no".
Or, is a 188k sell block at .36 going to draw the SP higher to fill that order (provided there aren't a lot of sells at cheaper prices) ?
That's probably my fundamental question about level II that I don't understand.
If I'm being too much of a simpleton with that question then just forget I asked!......would love to understand the level II better though.
Thanks. You guys are a tremendous help.
You can see it every day. The sell side of the ledger is completely ignored. The MM's simply step in front of the real ask. As an example, this morning there was a 500 share ask from CINN @ .35. ARCX and ISEG kept throwing out 100 shares at .3499 and prevented that .35 trade from being executed. Eventually, the two were able to walk the stock price down all day.Quote:
Originally Posted by RU Sirius
Here's what I think is happening. There is no fair market in this. On any given day, there are 5000 sell orders to 3000 buy orders. These 5000 sell orders are all priced above the current price. The MM's know this. They know exactly how many shares they will nedd to fill the orders up to a certain level.
They trade between themselves and fill orders on the swings and profiting off of each trade even if it represents only pennies. The sheer volume creates a lot of wealth. Try to put in a 100 share sell order at some random number like .3667. You will see it on level 2 and know its your order. You will see it sit there all day. Put in a buy order the same way, and watch how fast they gobble it up and execute it. Basically, they'll take your money at any price, but they won't give up a dime unless it is on their terms.