Friday, March 14, 2014 1:01:11 PM
Open the pod bay doors, Obiter... Obiter?
Seriously, that was well done. One thing I have wondering (pure speculation) was whether there might have been some kind of exploitation by one MM of another MM's algo system somehow. Like a sort of feedback loop of trades, essentially quick succession of shorting to the victim MM, covering at maybe a couple cents lower, short again, etc. All the while shaking out retail weak hands.
Seems far-fetched I guess, but the way it dropped like that was so weird.
Seriously, that was well done. One thing I have wondering (pure speculation) was whether there might have been some kind of exploitation by one MM of another MM's algo system somehow. Like a sort of feedback loop of trades, essentially quick succession of shorting to the victim MM, covering at maybe a couple cents lower, short again, etc. All the while shaking out retail weak hands.
Seems far-fetched I guess, but the way it dropped like that was so weird.
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