Is the lack of volume a good thing?
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Is the lack of volume a good thing?
Its much better to be going down on low volume, than down on high volume. Generally a good thing. But remember, MM's main goal is volume(unless they had shorter term side goals, but we can never know this, until its revealed.). If its going sideways then low volume means were going to get a move soon. Look at the volume chart of Sirius. Doesnt stay down for long. This stock is in wait mode. MM's realize now that no ones selling here, so they might have agendas to fill knowing this. Retailers are staying away from adding here. Big money is either done buying, or is slowly accumulating shares here, just seeing how many weak hands are actually left.Quote:
Originally Posted by Beach Gambler
As usual you have come through with a great answer Relmor, I thank you sincerely.Quote:
Originally Posted by relmor2003
Check out the attached. It shows pretty clearly what their game has been so far today. The tested the first support (S1 in Demian's pivot table) and it held. There were quite a few shares stacked up on the bid at .33, close to a million I think. The support at .33 caused us to move in the other direction. Interestingly enough, there was relatively no support on the way down to .33, but now on the way back up ISEG has a half million shares on the ask at .334 acting as resistance. So, looks like iseg still has orders to fill on the bid at .33Quote:
Originally Posted by Beach Gambler
My guess is that we will test .33 again today. If it holds, we may climb back to .34
Relmor, does that sound about right?
(Dow Jones)--General Motors Corp. (GM) and Chrysler LLC (C.XX) secured a combined $3.5 billion in U.S. federal aid to bolster suppliers under a program launched Wednesday.
The aid is limited to suppliers to the two companies, but its impact is expected to ripple through the industry as many auto makers source parts from the same manufacturers.
GM will oversee $2 billion under the Treasury program, with Chrysler securing $1.5 billion to stabilize payments to suppliers, many of whom are in, or on the edge, of bankruptcy.
Ford Motor Co. (F) declined to take part, stating that it can make supplier payments from its own funds.
The Treasury's supplier aid - which it billed as a $5 billion program - is designed to prevent collapse among companies suffering from a liquidity crunch as auto manufacturers pare production.
The program is expected to be short term, with users relying on the support for three or four months, according to a person familiar with the plan.
Suppliers are starting to apply to GM and Chrysler, and can opt to insure their accounts receivable or have the auto maker accelerate payments for parts in return for a fee.
"It is a voluntary program for suppliers and from our perspective there appears to be significant interest in the program," said Dan Flores, a GM spokesman. "The focus now is to get the program up and running as quickly as we can."
Chrysler said its program, administered by Citibank, is available to suppliers that are incorporated in the U.S.
However, one senior industry executive said it remained unclear how much relief the program would generate, citing the 3% fee being levied on federal loans used to accelerate payment.
"There is a real cost - 3% is quite a bit for these companies to pay to participate," said Jim Lentz, president of Toyota Motor Sales USA, Inc. on the sidelines of the New York auto show.
About two-thirds of Toyota's parts makers in the U.S. also supply parts to GM, Chrysler and Ford.
Lentz said 100 of Toyota's 500 top-tier parts suppliers are in some level of distress, and 12 are in severe trouble.
-By Jeff Bennett, Maya Jackson Randall and Sharon Terlep, Dow Jones Newswires; 248-204-5542, jeff.bennett@dowjones.com
(END) Dow Jones Newswires
April 08, 2009 12:51 ET (16:51 GMT)
So...My dad calls me in a frantic state saying sell SIRI cause that Mad Money guy on Fox stated that their running out of money their borrowed money and BK is back on the table cause they won’t be able to get anymore. I guess this was on last night. My dad caught wind of this at the water cooler at work. I figure this news would have been big and stated here but nothing so I'm calling BS?
I (we) already know that SIRI is on borrowed money, do we know how much of it is getting burned through?
(Disclaimer: I'm not concerned with that Mad Money guy; he was entertaining on The Daily Show though)
Thank You BearQuote:
Originally Posted by bear
what do you think it means for SIRI? Not sure, other than potentially reducing chaos in the auto industry, which should have a pos impact on SIRI over the next 6 months.Quote:
Originally Posted by Brandon Matthews
He meant cnbc right?Quote:
Originally Posted by Gallep
Not sure, why?Quote:
Originally Posted by Beach Gambler
I feel CNBC and FOX are two completely different point of views. When I hear CNBC I say ya OK whatever with a grain of salt and when I hear FOX I do not think a whole lot better but none the less better.Quote:
Originally Posted by Gallep
Fox would never have Cramer on.
I'm not concerned with the price going down, I'm able to sleep and wake up in the mornings just fine. But SIRI and BK should be in the past, right?
Wow, MTG is a day trader's dream.
Did you read the Deep Capture article? If not, you should check it out. It's a long read but definitely worth the time. What you'll find is that the finincial media may as well be working with whomever is trading SIRI through iseg. If they are telling people to sell on CNBC, that means that there is someone who created that story so uninformed retail investors will sell, while at the same time, the trader trading through iseg is buying all the shares at this level.Quote:
Originally Posted by Gallep
I would be much more concerned if Cramer was pumping this stock, as I'm sure many on these boards would be!
I hope this helps:D
Apr 08, 2009 (M2 PRESSWIRE via COMTEX) -- VTR | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for April 7, 2009. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This "fair market making" requirement is designed to prevent market makers from manipulating stock prices. On Tuesday there were 3,034 companies with "abnormal" market making 1,715 companies with positive Friction Factors and 4,390 companies with negative Friction Factors. Here is a list of the top 6 companies with the highest net sell volume on Tuesday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Las Vegas Sands (NYSE: LVS), SIRIUS XM Radio (NASDAQ: SIRI), Oracle (NASDAQ: ORCL), Cell Therapuetics (NASDAQ: CTIC), Ventas (NYSE: VTR | Quote | Chart | News | PowerRating) and MGM Mirage (NYSE: MGM). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net.
Market Maker Friction Factor is shown in the chart below:
Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction
LVS -$0.91 -18.35% 30,272,565 38.48% 40,783,041 51.84% -10,510,476 -115,500
SIRI -$0.02 -4.49% 6,703,023 37.09% 11,372,748 62.94% -4,669,725 -2,918,578
ORCL -$0.57 -2.98% 12,981,898 44.70% 17,416,390 59.97% -4,434,492 -77,798
CTIC -$0.03 -7.50% 4,499,381 33.77% 8,474,836 63.61% -3,975,455 -1,325,152
VTR -$1.65 -6.49% 8,543,411 35.30% 11,828,621 48.88% -3,285,210 -19,910
MGM -$0.91 -16.46% 14,947,740 41.28% 17,772,124 49.09% -2,824,384 -31,037
Click here to view chart: http://www.buyins.com/ff/ffnvdn4-7-09.jpg
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) in their stocks. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.
For example, the chart above shows SIRI down -$0.02 with a Friction Factor of -2,918,578 and a Net Volume of -4,669,725. That means that it takes 2,918,578 more shares of selling than buying to drop SIRI by one penny. On Tuesday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
http://www.tradingmarkets.com/.site/...0News/2264037/
Another super low volume day........hard to read anything from this except for there being low volume selling and lack of convicted buying here.Quote:
Originally Posted by Demian
.33 seems to be offering support today.....
I would possibly throw this entire week out. Might have to wait till Monday to get a better picture. Market is in hold mode right now. Waiting for something... A better picture of earnings maybe....Gm situation? Uptick? Holiday week? Shortened week. Monday it will probably resume its crawl back up. Or maybe a big move is still in the works. Someones going to at some point start a selling or buying frenzy, maybe news will trigger it...
They are talking about the uptick rule on Bloomberg right now.......
This wavering can only equal down in a bear market.
Science has proven that for every action there is an equal and opposite reaction. Tsunami's are preceeded by a drop in tide. I believe that we shall see a drop in the share price of .02-05 before we see the rise to the .50's.