How the MM of TRA just triggered every stop loss

Discussion in 'Stocks' started by $CostAverageMAN, Jul 24, 2008.

  1. Check the chart...And yes I'm long after that move down.....

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  2. trom


    I fail to see anything interesting. That was a market order. Big deal.
  3. OK how about this action...MTL...

    BTW...No market order drops a stock like that 4 points...The point was that a mis pricing event occurred and one can capitalize on it....

    No position here
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  4. I guess he was doing people a favor??
  5. trom


    A market order in TRA at that time of the day could easily (and did) move the stock 4 points. I agree that these moves can create good short term entries, and I trade them every day.

    MTL is getting smoked due to comments from Russia.
  6. 50_Bip


    Check the T&S and I bet you'll see a large order getting moved down until it was fully executed at the bottom. These bear trap trades were the main strategy we used to trade at my old prop firm.
  7. trom


    I checked the T&S. Hard to tell if there was an offer stepping down the whole way (doubtful), but there were some pretty big takes right at the bottom below $47.
  8. WOW...MTL down roughly 40% looking interesting...but no position still...dam good short earlier though