Registered: Feb 2012
10-16-12 10:47 PM
Quote from ammo:
he says he leaned on an offer of 118,.04 ,was filled at 118.02,covered 117 and change, he was leaning on the bid,not too credible
It was a nice trade, but that 400 lot offer had absolutely nothing to do with the market going down. He was selling into a down move during a news release. Back when there was volatility in the bond market that trade worked ( and hopefully the bonds will get volatile again at some point). There was zero chance that that offer was pushing anything around. If it was 2000 lots than maybe there would be some credibility saying that a big offer moved the market down.