Discussion in 'Trading' started by chiguy, Jun 24, 2005.
did it happen again...
YM 10306 and the DIA same .. w/ volume ..
somethings a brewin'
Somebody sold 600 contracts at the market, which took out all the bids from 353 to 314
why the hell would they do that...
i see 600 deep within 20 cents...
market order makes no sense ... plenty of bids to absorb a lmt.
again though ...same thing for the DIA ..
Maybe big money knows something we don't...
Anyway.. I am just amazed that it would only take that many contracts to move 50 or so points on the YM.
And then what they bought them back, I don't know what is going on with this contract but it smells, so I must step to the side lines.
Almost hit my 10300 BID!
What moron is using market orders on a 600 lot?
It's either summer help or someone has the other side.
It smells either way.
when in doubt...bail out...agreed....
it's a conspiracy...angry non full seat holders trying to ruin the ipo...just kidding..
I can understand a large market order eating up supply but yesterday there did not seem to be a large order. Price fell on just a few contracts per price.
And, how does it skip huge price increments ? Jumping over 30 points per trade at times.
Attached is the time and sales from today.
Separate names with a comma.