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Re: billpr post# 38354

Wednesday, 06/01/2016 2:00:46 PM

Wednesday, June 01, 2016 2:00:46 PM

Post# of 53779
True, but there is clearly a lot of algorithmic trading. Some days I have been able to push the auto .0001-under orders down to buy, then push the auto .0001-over orders up to sell at a profit seconds later.

There also appears to be occasional front running. I've seen my orders skipped at the same price or undercut by a hair while I was watching level II and only mine were visible (and for a number of shares that would have shown up).

There is also sometimes counter selling or buying to stabilize price. For example, a few days ago there was a 150K buy at .18 and over, followed by a tiny sell less than one second later at .175 or something like that. I've also seen the opposite happen many times.

So there may not be MM involvement, but there are a lot of shenanigans. All of it probably amounts to very little profit, but it interferes with "real" trading by causing frustration for someone who just wants to buy or sell blocks of reasonable size.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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