The way corn bounced back from that market order makes me wonder whether it was an error. Any thoughts, stories?
http://imagecache5.art.com/p/LRG/12/1263/EVAT000Z/louise-max-hot-buttered-popcorn.jpg I just complained to GCC its not fair if some whales are making little corn go koo koo and def. not fair if they do the same in ALL mrkts gunning stops and then going out for LAFITE and peter lugar chops
thank god I am good enough of a trader to make it back but I pity the other guy who does not know O R c A M http://ecx.images-amazon.com/images/I/51vnxMWiIpL._SL500_AA240_.jpg
my thesis is this most "news" out there in recent weeks was "snow" and "index funds" will be buyers come 2010 what if it was already priced in ? b i n g o but still that was some scary voo doo http://carrielikethemovie.files.wordpress.com/2008/11/muslinvoodoodoll-2.jpg
Yeah that was retarded. Anybody know whats up with the 500 lot bids that keep poppin up in some of the wheat contracts lately?
that huge "spoof" in wheaties spoke to the "boys" the other day about this seems that they have no way to stop it my understanding of it is that whether its bid / offer for 1 / 10 / 100 / 1000 / 1000000000 and then a few milliseconds later "poof" no bid or back to one car its treated with kid gloves like as if it was a small spec doing only one lots at a time in and out on the DOM
understand 800 cts order to sell at mkt was fat fingered to read 8000 cts at mkt. My quick math says culprit is about $3 mil poorer going into 2010. I'm still buying CZ0 and selling SX0......easy money
-At 12-Noon: One trader says there is still a lot of talk on the floor about a big difference in the corn price this morning between the floor and the screen. Here is his explanation of the buzz on the floor: There are various stories going around about the big split between the electronic and pit Mar corn markets this am. Most say a very large order was entered electronically for between 3,000-8,000 contracts to sell Mar corn, supposedly on a sell stop. Some say this was only supposed to be an order for 300-800 contracts and by mistake another 0 was added. If that were the case, one would think the CME would void the trade, as they have done on previous occasions of that type. No trades were voided this morning so perhaps the order really was supposed to be that large. - http://dgroups.agriculture.com/n/pfx/forum.aspx?nav=messages&webtag=agmarketing&tid=61201 :eek: