Level 2 action today, if anyone wants to be depressed

[relmor2003]

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?

My concern with the blocks of 100 shares are its timing. It always at resitance levels, after an up swing.

[Wirestripper]

hello all...

i'm a newbie at investing and i just bought 1k shares of SIRI today...

....

Welcome to the shared misery pit. We always have the welcome mat out!

[Wirestripper]

My concern with the blocks of 100 shares are its timing. It always at resitance levels, after an up swing.

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.

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.........

[sxminvestor]

hello all...

i'm a newbie at investing and i just bought 1k shares of SIRI today...

....

Wecolme Sirian, the conversion is complete and you now have entered hell !

[mogami]

hello all...

i'm a newbie at investing and i just bought 1k shares of SIRI today...

....

All your base belong to us! You will be assimilated.

(eek is my favorite smiley)


Stay away from the Yahoo message board

[relmor2003]

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.

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.........

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.

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.

[Sirius_Long_Hauler]

Yup! I own it!

Bought it too high, looks like.

I'm with ya, this company is a prime buyout candidate. It's primary problem is that it can't get out of it's own way.

I think the management is OK, but they are having severe growing pains.

They have this huge backlog of orders but by the time they get them out the shipping door, the materials costs have eaten into their margins. They need to get that under control, and have done some things to do that but it did not show up in the numbers yet. I can only hope they succeed or someone like Honeywell or GE snaps them up.

I think they would have been snapped up if it was not for the credit crunch.

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...

[relmor2003]

Not that I am aware of, at least not specifically.

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.

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.

[Danzo]

Market manipulator

Just kidding it's Market Maker the people who are supposed to match the bids and asks but they really do what suits them (they also buy and sell for themselves and don't have to pay commissions so they manipulate for their own profit )

Sounds interesting. How does Etrade match the bids and the asks?

[OldDruid]

hello all...

i'm a newbie at investing and i just bought 1k shares of SIRI today...

....

Welcome! 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!