Discussion in 'Stocks' started by $CostAverageMAN, Jul 24, 2008.
Check the chart...And yes I'm long after that move down.....
I fail to see anything interesting. That was a market order. Big deal.
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
I guess he was doing people a favor??
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.
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.
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.
WOW...MTL down roughly 40% looking interesting...but no position still...dam good short earlier though
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