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Re: A deleted message

Monday, 04/15/2013 10:28:18 PM

Monday, April 15, 2013 10:28:18 PM

Post# of 2810
C'mon, SC, you're putting way too much faith in IHub's primitive Trades chart. Also, there's an individual buyer and an individual seller on every trade, so what difference does it really make whether IHub calls it a Buy or a Sell?

For the record, #5 was a trade at the offer when the quote was .0089 x .009, 100 x 400, but by the time the trade posted a few seconds later the .009 offer was gone. (Those 40,000 offered shares had just been bought.) The quote was .0089 x .01 by the time the .009 printed, and all the IHub algorithm knows is that the trade was closer to the bid than to the offer as of the exact second it printed, so IHub called the trade a Sell even though it was really at the offer.

But no matter which way you look at trade #5, one guy sold 40,000 at .009 and one guy bought at .009. Nothing whatsoever to do with market makers except that the MMs handled the two individuals' orders. Market makers don't indicate whether trades are "buys" or "sells" - they just print the trades, and IHub's flawed algorithm does the rest.

#7, #8 and #9 were all trades at the bid (but there was a real live buyer for those, too!). I didn't notice or don't remember what the quote was immediately before trade #6 posted.

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