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and here i thought it was one MM telling another to "Hold my beer."
I see signals @ $18.05-18.08 on 1:06:26 ET
On Time/Sales.... lots of consecutive trades with volume at 5... let's see if it turns out to mean anything significant.
EDIT: again with the 5s at $18.07 @ 1:09:10 ET
For the record if this is new to anyone, these are just examples... MMs change up their “coded” changes all the time (even throughout the day) so jabronis like us don’t catch on.
DUDE it’s funny you bring that up today because I was EXPLICITLY trying to find signals in Time/Sales in today’s action and could NOT find anything I felt confident about.
On a day like today when you get a swarm of activity you expect the MMs to be chattier to manage the traffic but I couldn’t make out any definitive signals.
What's most infuriating is that it's not even being disguised... shamefully manipulated and no one is getting called out on it.
Nomis is taking all the blame and punches to the chin but I don't think Marc accounts for even 1/3 of our price suppression...
There are others out there, I'm sure we'll find out after the fact, but I'm with you... blood boiling.
RE: CINN Exchange
tried to find out who this market maker/exchange is on our Level II today ....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=26002093
anyone else have info/experience with CINN?
Apparently it's an exchange not a market maker as the post linked above states, but based on the activity I'm seeing on Level II it's most certainly an algorithmic system the way it was scaling Level II to block at the $20 mark from it's home position of $23.46... so damn responsive.
I'm a little occupied with work today and can't do the deep dive I'd like, If anyone has time or experience with this, could you help supplement my search?
Wow great validation thank you for posting this.
That's what i was sensing looking at Time/Sales & Level II.... very stout line at 20.00 right now and even when someone breaks through to 20.02 it gets pressed back to 19.99
I see pressure building now though as i'm writing this, keep it up!
EDIT:.... very interesting addition to Level II today:
usual players are EDGA/X, ARCA, NSDQ, BATS..... but i've seen CINN blocking at the $20 mark today too.... CINN is positioned at $23.46 but when the seam bursts and the ask gets up to 20.01... you'll see CINN rise back to the top of Level II (ie. drop in ask price) and fight to suppress the rally.
No side pots... Put your money where your mouth is and go long or short.
see you on the other side ;)
HGEN Earnings Today?
ThinkorSwim is showing me an icon on the chart that the earnings will be announced today after hours but I haven't seen anything on TD Ameritrade/Nasdaq/ or Humanigen's website.
Nasdaq says earnings announcement 5/21
https://www.nasdaq.com/market-activity/stocks/hgen/earnings
TipRanks says 5/12
https://www.tipranks.com/stocks/hgen/earnings-calendar
TD Ameritrade doesn't have a guess haha
https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/earnings?symbol=HGEN&c_name=invest_VENDOR
Same, it’s probably fake... I fat fingered my phone and accidentally clicked on CYDY from my watchlist and saw they had a similar spike, we’ll probably see a drop within the next 20min.
$21 PT is the other guy (JP Morgan), The Other Guy.
Username checks out hahaha :)
Goldman Sachs may claim a bigger position today... I see them (GSCO) muscling into a posture on Level II this morning.
They’ve been around for a few months... the last time they opened their position ~11a EST and induced the brief spike up to $25.
Just something to look out for today.
Someone on EDGX is a mf’r
Sitting on the ask with a HUGE bid size of 68 @ 18.85.
If anyone wants to stick it to shorts, wait for them to buy back, and then put your foot behind the door at the peak of that spike with limit orders at the hi so they can't claw back down...
Shorts are buying back with medium volume, which spikes prices, before selling with low volume to sink the price again to slow the momentum of the bullish rally.
Force them to keep buying back at higher and higher prices.
I've been watching closely these last 3 days trying to come up with some other explanation but can't...
these Spikes up have got to be shorts buying back, it doesn't fit a long buying pattern overall. Rock and a hard place indeed with our low float and volume.
...You're right, this is going to make for a very exciting next few weeks.
I think you're asking for n (sample size), but I'll take a whack at it...
Assuming:
(1) Both treatment arms had the same # of people
(2) Alpha = Pvalue = 0.05 (since Pvalue must be <= alpha in order to be able to reject it)
(3) Power = 1- Beta (0.8 or 80%)
= at least 1758 Patients total (879 in each arm)
...I took some statistics classes wayyy back when... didn't do the calculations myself, just found an online calculator and filled it out as best as i could ;)
https://clincalc.com/stats/samplesize.aspx
Biotech/scientist/mathematician/clinical people, please feel free to disown me for my assumptions
That was my sentiment as well... Someone just wanted in fast (or out if it was a short buying back)
Thank you EdF, Gustyhu, PITrader & TheOtherGuy!
very much appreciate the quick and thorough schooling.
Looks like an HGEN short bought back
I wasn't too familiar with how shorts close their positions, but it appears that shorts have to close their positions with market orders... which could explain the spike and rally into the close in the last 40min.
Would love for someone to chime in to confirm/reject/supplement this.
Wow, EDGA, NSDQ, EDGX, NYSE all have defensive walls up on the BID side with >10 on size
Haven't seen that kind of protection to the downside in months.
INTERESTING.... As soon as someone starts to sell @ the bid price, a buyer buys more sizeable chunks into the Ask side.
very strong Bull pushing this right now
Orders being filled between the spread now at this "Flag" portion of the 3:22pm spike... rather than leaning to either Bid/Ask
Some big swingin' D*** is slapping it on the table and buying right through the ASK with Market Orders by the looks of it.
I think someone with deep pockets either just discovered HGEN, or someone familiar with HGEN just learned something
Looked like Market Order buys from Level II and time/sales
Late start to power hour, but volumes coming!
I just saw that this morning myself! Thanks @Archimedes
https://www.fiercepharma.com/manufacturing/lonza-announces-plan-for-218m-small-molecule-manufacturing-facility-visp
Yes, they're being allocated to him as part of most any standard benefits/long term incentive package for Manager level employees (and higher) at corporations.
Also note the "right" to buy on the far left of the Form 4... these shares aren't going into his pocket right now... that volume and price point were derived from some dollar value back-calculation of whatever the offer to Adrian was when they were courting him in the hiring process (in tandem with whatever their standard HR policies are towards new hires etc).
... but sure, great news nonetheless... Glad to have Adrian on board and look forward to him being motivated to make the most of his stock options (for all of our sakes).
Just administrative housekeeping for onboarding Adrian, nothing crazy.
Stocks granted but don't vest until October 1st.
Out of curiosity, how’d you discover HGEN?
But regardless, welcome aboard! (Hopefully at or better than your target mark)
I can buy into that theory... Good call... With us dropping so damn low earlier this week it would have definitely been a good flipping opportunity.
DonDonDon, great minds buddy i thought the same thing too... But i think i overthought it.
I overlooked Occam's razor, thanks guys (Newtg & Gustyhu) for keeping me honest *cheers*
What’s interesting about the 3pm rally is that the big buy with 17k shares was bought at the high, and subsequent high-ish volume sells on the way down...
It’s different than this morning’s action, for example, where:
This morning’s fingerprint was a big buy on the early end of the rally, and a single larger sell at the rally high.... which is typical.
... DonDonDon could be right... that money coming in off the sideline thought this was momentum and bought in, only to succumb to a trap that someone else had laid out for them at the $15 mark.
Whomever bought the 17,907 shares at 2:55p today.... sorry, but welcome to the club!
Damn, this is a little unique...
The slow climb with no volume and the iterative sell-off (Vols of 7k, 3k, 2k) after hitting $15.07 is a different fingerprint... Hadn't seen this type of play on Level II & Time/Sales before on this scale...
Can't tell if we're going to trade sideways here, or if we're going to tip to the high or low side...
I don't have a read on this movement yet.
WHOA ok, and there's the volume to validate the ratchet upwards.
17,907 share Buy @ $15.02
Interesting posturing on Level II right now:
EDGX, ARCA, NSDQ each have a line parked on the bid at $14.65, and each with a size of 12.
Looks like they're trying to trying to ratchet up to stabilize in the 15s
However,
the volume is low on this move... it's a cheap climb, not much horsepower behind it... may be a headfake up only to see a drop again right at the bell.
I think it's the 1st one this time, but it should make for a fun HGEN Power Hour today.
Yep, right on cue... Spiking up past $14 during AH, hours before my funds are cleared to buy more shares.
FML