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Thanks for the heads up Walrus.
I know personally, after so much anticipation, I need to to take a step back. Yes, the stock didn't gap up to $100, but the last week has been huge. Even with no numbers, we now own a company who has validated business on the table with the US Government and GE, the biggest company in the world.
In my opinion, it might take some more time for this shake out but in reality, who is going to be selling now after all thats now been publicly released? No fund or private capital group that owns this stock is going to sell now. I would venture to say that most of the outstanding shares are here to stay and not looking for a flip. This is not the type of stock that has the right risk/reward for a flip.
TKO has a fairly small float, there aren't that many shares to go around, supply/demand is going to take over this stock soon enough.
Wow that was an insane open. Can say primed for news?
You will see gaps occur when there are halts or news releases during the day. You can find them fairly frequently in listed stocks. If you watch a news wire, pull up a stock that had some major announcement. They aren't neccessarily big gaps, but they will occur if there is a larger trade imbalance. The specialist will halt trading while he gets the orders together than you will see a gap up/down print.
I only brought it up because I didnt see the AMEX specialist for the last hour of trading. Really unusual, unless the software (ameritrade) I was using had a feed go down. I noticed the PACX specialist was still making a market just no AMEX on my Level II.
In any event, was a great day of trading, upward pressure all day long and really no pullback. I do believe we are running out of sellers in our TKO!!
Where the heck is the AMEX specialist, been gone for 10 minutes lol?? Is this halted? Please let it be so haha.
Specialist just pulled his bid/offer. I think this might gap. Best day of trading I have ever seen here. Been steady buying all day long.
Wow, some nice buying interest. HOD at 3.40 as I type.
nice to see. Still torturing us with no $$ numbers but that is nice relationship.
Great insight and great post. Personally, as a former trader, I can't help but look at the short term picture most of the time; as I am sure can be said for anyone who has capital invested. You brought up some great points and when I step back, I can certainly agree on the bigger picture looking better.
fingers crossed!
In my opinion, I wouldn't be as concerned with a short squeeze as I would be with real news. A short squeeze is an added bonus but short covering is not real buying. I want to see news that will attract attention and exposure, institutional interest will follow.
Without buying interest, short covering just means a quick trip up and a quick trip down.
The timing for this placement seems interesting to me. Someone posted a link on YHOO that suggesting GE will be speaking about substations next week at the SD conference.
I can only assume this the pending news most of us are here for?
saying my prayers to the stock Gods this weekend.
GO TKO!
I agree, I hope there is a method to their madness. No mention of whether these acquisitions add to bottom line...
I would guess the 10 million is to bridge a cash flow gap between now and when expected revenue will hit.
I dont see how an acquisition does not make sense. It is becoming painfully obvious that have an announcement with some significance pending. (me hopes)
They had to have something to bring to the table to convice private capital to pony up 10 mill.
On a large scale, people with money will always be able to manipulate the system. I do not disagree with that. On a small scale, it just isn't as rampant as people think.
While the AMEX as well as the NYSE is an open outcry market, most of the order flow now is electronic. The Specialist assigned to TKO probably has 10 other stocks he does the same thing for.
Nowadays though, most orders are routed electronically through other market participants, such as ECN's. There are three types of traders on the exchange floor, the Specialist, Floor Brokers (who execute orders on behalf of clients), and Locals (buy and sell for their own account). The Specialists is there to make a market when there is little liquidity and to execute orders as he gets them. They also have the ability to buy and sell for their own account. Its one of the perks for that job. I dont doubt that that power is abused, I just dont think its abused as often as people think. There are way too many eyes on them.
Ha, well for the big boys its not hard I suppose. I am just purely talking about from trading standpoint, intraday moves and such. The market has changed a great deal in the last five years. The electronic market, and the switch from fractions to decimals, has made pricing very fair and a lot harder for anyone with order flow to push a stock around.
On a large scale I dont doubt the fact that market is really controled by a bunch of really big players.
On a smaller scale the market moves fairly orderly because of the herd menatality (which is TA). When the herd gets too big most of them fall off a cliff (market correction).
Just my two cents.
Nah, there isn't as much manipulation as people think. It is not that easy to manipulate a stock that is not very thinly traded. With a very thin traded stock one would have the ability to run a price in either direction and try and trigger stops, but that is dangerous and you would be taking a huge risk if it got a away from you.
He most likely has a sell order (looks like limit 3.14) and is just trying to get it filled. He is hiding is size (which is legal) because he doesnt want to crush the stock and would like to get a decent fill.
You can tell if this is a market short if the bids move out of the way and the offer follows down on the next up-tick.
There are bids piled at 3.13 and they are not getting hit. That order may be a short but you cant tell unless you see it step down on the next up-tick.
Anybody watching Level II and see this moron unloading at 3.14? He is sitting on offer showing 400 and has refreshed for like 10m. I would think the stock would pop after he lifts.
Just an fyi chaos, 14m means thousand, 14mm means 14 million. Its just execution jargon. (I used to trade on an buy-side equities desk, and this is how size is often referred to)
I believe (t) means delayed print. Its a time stamp modifer. I might be wrong though, wouldn't be the first or last time.
Gotta say I am pretty excited about next few tarding days here. Go TKO!
It may of been a delayed print.
Either way someone was buying steadily up through close. Gotta be happy about the past week.
1 MM is a million shares. 1 M is a thousand, at least thats how I use it. I was just commenting on the price action today. Someone stepped up midday and bought whatever was on the offer. Those two larger blocks printed at 4:01 at 3.22 for 19m total.
Prints like that just indicate more serious buying interest. If there was no sense of urgency, you would just see bids. Paying the ask and paying up, as the closing prints indicated, just tells me a buyer is around and has been over the last week.
Yesterdays price action had a lot of short covering to it, hence the spike up and down. Both sellers and buyers step out of the way when short covering (or large market order to buy) takes place, thats why you always see a big spike in both directions. When the panic settles, trading resumes.
GO TKO!
Last print...
Check out last print at 4:01, 19.4M @ 3.22.
Someone just hooked someone else up. Up we go shortly!
Hey question for anyone, how to I get the ability to PM people or post more than 3 times per day?
Not sure if I need to buy a subscription or if I need to email an admin or something.
Thanks in advance....
I agree with your read as well. Spikes up are nice to see, but like you said as well, I would prefer to see a steady increase in share price. Big spikes will always be faded by sells and shorts. I have been long since August or September. My position hasn't been big enough to really trade around so I have basically just accumulated along the way.
PS. I am no longer on a trading desk (was basically a glorified day trader, mostly executed orders for a buy-side desk. Just did an insane amount of volume for a time.) I am still in financial services and a registered rep but have nothing to do with the trading side anymore, haven't since '04. I am merely a spectator and an investor in TKO hoping this works out. Most of what I learned about this company I have learned over the past year reading this (and yahoo) board, people do a great job of conducting their own due diligence here, great to see.
Yeah that was pretty interesting last 10 minutes. People were hitting the bid pretty hard to get out, normal when trying to get out of a position by the end of market close. You could also tell the covering when the ask was getting taken with a nickel spread.
I used to trade equities for a buy-side desk and closed most positions by end of day, when you want (or need) to cover, you have no choice but to pay up.
All in all past week has been great. Lots of bigger prints going off, which is instutional trades. Whether its funds, private equity groups, or prop desks, who cares. As long as I see big chunks being taken off the ask, people a lot smarter than me think there is value.
Long and Accumulating!
Nice to see blue. I would venture by looking at time and sales that most of the prints are not retail. I love to see bigger blocks being taken off the ask which is what I have been seeing past week or so.
Thanks, been reading both yahoo and this board for quite some time, didn't really have a whole lot to add so just kept my mouth shut.
Thanks for the welcome. Exciting stuff, this is the best trading in this stock I have seen since I started watching this stock six months ago.
AMEX specialist has not been active on sell side at all. The NASD market maker has been selling some but they look like sales not shorts. You can tell a short if the ask is lowered on an uptick. Although the bid-tick rule might be different on the AMEX, that I am not sure about.
Just watching the Level II and prints, looks like there is buyer paying the ask price all day long. NASD MM also looks like he has decent size order to buy.
Of course all of this is meaningless in the long run, just want to comment on PhillyPa post.
PS: I am long since August