Time and Sales - Tape Reading..

Discussion in 'Trading' started by Riesgo2002, May 29, 2002.

  1. Magna

    Magna Administrator

    I do the same in Realtick. Can setup multiple T&S windows (with various filtering like 500sh, 1000sh, 5000sh, etc.), save them as favorites so they don't take up desktop real estate, call them up in an instant when you need them. Very useful at times.
     
    #21     May 29, 2002
  2. In staring at a number of small and mid-cap stocks, it occured to me that sometimes the volume being printed could easily be "faked". I wondered whether MM's could legally offer say 10,000 shares on ISLD and then proceed to hit his own offer, doing nothing but creating a print (or a series of prints, as if momentum players were jumping in) on T&S. I even called NASD to see if it was legal and got a half-baked response to the effect of "I don't think its illegal but why would a MM want to do that?". Besides the obvious stop-running, I'm sure there are a number of other tricks one can develop if he or she could print volume at will. Anyone know the rules on this?
     
    #22     May 29, 2002
  3. rules, schmools. if they can pull it off, they will.
     
    #23     May 29, 2002
  4. horseman

    horseman

    This is called "painting the tape" It is illegal
     
    #24     May 29, 2002
  5. you are correct. and it never happens, too.:D :D
     
    #25     May 29, 2002
  6. Miki

    Miki

    With IB you only need $.02 to break even with 100 shares (with 1000 shares you get $5 profit after $15 commission).
     
    #26     May 30, 2002
  7. Your Redi machine will give you time and sales, and a dedicated ticker for each stock if you like. Neovest First Alert has a great running ticker for tape reading....

    Don
     
    #27     May 30, 2002
  8. I run QQL and on Time & Sales I've noticed that trades will be posted that are far out of the current bid x ask price range like they aren't being posted right away or lagging behind.. Someone know what I am talking about? please let me know.. this is on NYSE I haven't checked the nasdaq stocks..

    Thanks
     
    #28     May 30, 2002
  9. Rigel

    Rigel

    The trades aren't required to be posted right away (NYSE). They can be posted hours after they are made (over the phone or whatever).
     
    #29     May 30, 2002