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Not irregular; folks been waiting a long time for the recent action. Smart ones, unlike myself, had A plan to take profits at or above .005. They did so en masse. Smart move. I should have been road kill a long time ago, myself...
After all the sell orders at .005 and above got filled, volume collapsed, and I suspect that either conditional (IF > .005) Market orders kicked in, that met with long-standing GTC Buy orders down at .002, or, some computer Lagos kicked in on exhausted volume. Possibly a mixture of the latter.
It is well known "the powers that be" created a Monster in allowing high-frequency algorithm trading. Recall May 6, 2010. For example.
The volume variable can activate automated selling in the HFT algos.
Yes!
Well stated.
Nice intra-day wedge -- bodes well.
None of you seems to "get it":
A ton of people had to have had GTC orders in to sell when it hit .005, and many more just decided to sell when it was above .005.
Volume then
Disappeared briefly, and price collapsed.
The Chicken Littles didn't help, but it was possibly the massive dumping at and above .005 that caused volume to
dry up briefly, and price to briefly collapse.
And yet, one wonders if some parties had large and long-standing conditional GTC sell orders: IF > .005, , then sell at Market.
Is that possible in penny land?
It could have been older GTC sell limit orders triggered by achieving .005.
???
Good Man!!!
IMHO, this .0033-.0036 zone will be very attractive to buyers, as few now don't believe this will achieve a penny long before the EOY. I could not get a fill on a BUY order at .0034 during the last 12-15 minutes of the day, even on a small order.
Where did 300 million volume suddenly come from? The only explanation that is not a cynical one, is that:
1) everybody and their brother had GTC sell orders out there at .005
2) these got bought on the Momo, then
3) volume disappeared, causing a flash crash.
Under this scenario, those happy with short term gains are out, their shares have been re-distributed, and SFOR resumes it's ascent of The North Face
Please explain your theory in more detail?
Eg. What fund? And,
What do you mean exactly by the overhang on
L3?
Genuinely interested in understanding this. Thanks for your time to respond.
I agree the 5's have it...
Looks like some TRIAD got mobile devices with trading apps for their birthdays...
Golly. That must be why it has behaved this way in the past 2 weeks.
Yeah!!!
Would be great if they have two websites on two different severs for security and testing purposes.
Yes, thanks very much, on behalf of every investor and believer in the urgency of cyber security.
Great! Let us know!
That is not a very intuitive website name.
Falong Gong, if I'm not mistaken....
Cyber spying of emails is contemptible no matter who the victim is (with a few exceptions), and no matter who the perpetrator is.
JMHO -- though some are riding pseudo TA waves -- I don't see this stock as one to base decisions on primarily on technical movements.
Wow -- this is beginning to sound like a fabulous plot line for a Barman episode.
No... I AM being serious. (This time.)
Bravo!!!
Wisdom
No kidding!
Well, Friday's are not designed to attract traders after 1 or 2 pm, especially EOM, but soon enough, it shall be as you say...
The clip should be a donkey--its hind at that -- not a pig. Pigs are smart!
Beautiful explanation.
What do the brokerages say when a client tells them they want all their shares "Loan Exempt"???
Good information.
Good question.
I suspect "Only the Shadow Knows"
It's their job to get them, for a fair price.
Several people stated Scotttrade would not sell them shares.
Maronti1 - thx for your note earlier today. I lost pm ability after 7/22.
Interesting note!
Support zones now are .0022 and worse case, .0017.
The sky's the limit, regarding potential...
Hi cj,
I've lost PM ability yesterday -- being the el cheapo, street urchin, that I am -- (not giving iHub my cc info until I have MobileTrust or GuardedID installed on my iPod touch!!!) - haha-
But just wanted to say Thanks for your positive take on eTrade, and you can pm to me if you want to say if you are thrilled with their mobile app, or use a desktop more often.
Brilliant analysis... Imho
This is Wisdom.
Thousand millions, Darling....
You make me Smile!!!
Bravo!!!!
Yay!!!!!