The Motley Fools are exactly what their name and initials suggest!!!Quote:
Originally Posted by choirgirl
Fools and MF'rs.............('scuse m French):p:p:
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The Motley Fools are exactly what their name and initials suggest!!!Quote:
Originally Posted by choirgirl
Fools and MF'rs.............('scuse m French):p:p:
Thanks, I had always wondered, but with no options exposure would never have guessed. I also see scores of blocks of 1000 from time to time. Sometimes there are 20 to 30 blocks of 1000, on the bid, the ask, sometimes both, all placed within milli seconds of each other. I there anything that typically trades in blocks of 1000?Quote:
Originally Posted by Wirestripper
Not that I am aware of, at least not specifically.Quote:
Originally Posted by OldDruid
I would guess that the MM is breaking up a trade between various other exchanges or seller/buyers. I don't know for sure, but it seems logical that they could bundle ten 100 share options. I just don't know enough about that end of the trade.
Brandon was a broker....he might know.
not to worry: as long as music and airtime cost money (meaning, as long as there's royalties, and as long as it costs money to broadcast), whether by satellite, internet, or am/fm, there will be a market for commercial free subscription radioQuote:
and not forget about the FACT that the consumer very soon will cancel any sub, because there is the free internet radio. I am sorry guys, I know we went through this before, but it still drags you down, again and again.I would appreciate if anybody has something positive to say regarding that MF-article.
Thanks. I need to study options. I have always heard they could be dangerous. One colleague lost in the six figure region during the NASDAQ era, and he is sharp, so I just stayed away.
"This unsophisticated investor failed to understand that an automatic execution caused the transaction for 100 shares of a stock selling at two cents per share. This was a partial fill from a larger order but was misinterpreted as a completed trade. These transactions are often blamed on MMM but result only from a buyer’s failure to place an all-or-none order."Quote:
Originally Posted by Wirestripper
Got that from an article. Unfortunately, the MM's in SIRI's case are using this perception as a means to justify their manipulation. In SIRI's case, the 100 share trades are ALWAYS executed at at lower price than the current bid/ask. They are always run in succession; for instance you will see 10 - 100 share orders filled below the bid/ask in a row.
Because of the low price and high volume, the same can be done with 1000 share trades All smoke and mirrors. +
On another note, any UP day is a good day!
Brandon is that article suggesting that it is always good to check the AON box? Seems to me that as long as the limit order goes through at the price I set why do I care if it's in 100 share blocks or all or nothing?
Just curious. I posted in another thread when a .135 order of mine went through most in even chunks of 100, 200, or 1000 and it didn't matter to me.
I guess if it is a market order it's more of a concern, as that guarantees execution not price?
hello all...
i'm a newbie at investing and i just bought 1k shares of SIRI today... :googley::scared:
....
Welcome to our house of horror. SIRI is possibly THE hardest stock in existence to understand - you have essentially jumped off the proverbial cliff.Quote:
Originally Posted by MyMDX08
Luckily.... you are not alone.......
I am relatively new to this board - I'll tell you this - if you have any hope at all of understanding the underlying facts behind SIRI - you'll find the answers here - and probably no where else. It's a very well balanced group.
Brandon I see this phenomena on other stocks, and not just SIRI. The 100 share lots get intermingled with other trades sometimes and it looks like the SP is affected, but they are really trailing. It's just that SIRI is so screwed emotionally by those who hold it.Quote:
Originally Posted by Brandon Matthews
If there is actual manipulation, I sure hope the SEC sees it and stops it, but I can't imagine it being manipulated day in and day out for months and months and months without a case being prosecuted or a warning at least from the SEC.
Today,It traded just like the overall market, which is in a small way a good thing.I see normalcy in the past few days. I think we have seen the bottom for the time being and are getting poised for a relief rally soon.
I that happens, more buyers will come in from the cold and things could improve. Then again we could take another100 points off the S&P.
A lot depends on the Keynesian bi-polars who are now holding the steering wheel.
My concern with the blocks of 100 shares are its timing. It always at resitance levels, after an up swing.Quote:
Originally Posted by AmenhotepIII
Welcome to the shared misery pit. We always have the welcome mat out!Quote:
Originally Posted by MyMDX08
Well, if I was covering a short, and then selling it, I would ask a couple hundred'ths off what I thought was the high for the day. Then execute.Quote:
Originally Posted by relmor2003
This is conjecture, but there are legitimate reasons for a lot of stuff you see on level II or last sale.
It's like giving a layman a digital volt meter. They predictably find all sorts of problems with their power quality,and think they have safety issues. I run into this all the time and what they see is normal.They just never saw it before they got the digital meter carrying the accuracy out to 4 places. The old analog meter never showed them the anomalies. But they were always there.
just my thoughts today.........
Wecolme Sirian, the conversion is complete and you now have entered hell !Quote:
Originally Posted by MyMDX08
:devil:
All your base belong to us! You will be assimilated. :eek:Quote:
Originally Posted by MyMDX08
(eek is my favorite smiley)
Stay away from the Yahoo message board
Since there are no retail short that would be enabled to cover as you mention, in the manner I am seeing, its then a short from a big money MM customer, or themselves doing it. The manipulation involved in shorting and covering, and repeating is admittance that you agree with me. There are manipulating factors in how this stock trades. As no retail or "small Money" shorting is taking place here. When I see many level 2 sellers get ripped off time and time again, I have to wonder why when the buying pressure hits, the sellers REMOVE THEIR BIDS FROM HIGHER LEVELS, AND GO LOWER. If the shorters are attacking resistance levels, which of course they do, then these shorters are using rules the small investor does not have access too. Or why sell large blocks of shares when you prevent your own path to a higher price, when you can sell smaller lots, as you are a customer that doesnt need to worry about transaction fees. I see sellers doing themselves many injustices in how they handle or are being handled by their clients, KITE, Or whoever. Just the tip of the iceberg. There are many factors involved. I have been watching this stock trade for over 1 year straight now. Ive watched and studied stocks trade, not just this stock.Quote:
Originally Posted by Wirestripper
I also refuse to believe that 35 million shares today were seen as"overpriced" for this stock. Not possible. So if it was shorting, then its big money shorting. If its sellers, its sellers that would have sold already, or sellers with intent to manipulate.
Interesting, thanks for the info. My only fear is BK... how likely do you think that is for CPST? If the chance is low, I may consider jumping into this ship with you...Quote:
Originally Posted by Wirestripper
If you havent noticed, the "option trading" on this stock is as dry as the sahara desert. Not whats happening here. Not enough possible options trading for your theory to work.Quote:
Originally Posted by Wirestripper
Quote:
Originally Posted by mogami
Sounds interesting. How does Etrade match the bids and the asks?
Welcome! :devil: Yeah though I have walked through the valley of the shadow of hades, wearing nothing but gasoline underwear and a smile, I still feel a sense of apprehension, as we go forth, seeking new height in SIRI. Welcome newbee! If you see me sinking, please throw a life jacket, or a Valium, or a box of shrooms! :)Quote:
Originally Posted by MyMDX08