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Hi all,
I have some QQQ questions for the group. All
day yesterday I watched trades on my real-time provider (North American
Quaotations) Time & Sales sheet show prints for extremely large
trades. For example a print at 12:15 (EST) for 26,214,900 @ 59.61, then
the offset print balanced at 12:16 @ 59.63. If that was a real
trade, then that 2 cents profit bought someone 524,298.oo before trade costs --
neat I thought.
Then I watched those trades off an on all
day. I looked over the trade history and saw an escallating
pattern of shares traded at a print (rounded figures used with M=millions): 6M,
13M, 26M, 32M, 39M, 45M, 52M, 58M, etc., all with offsetting and or
multiple prints at a same shares traded number. <FONT
face=Arial size=2>
Today, the pattern repeated in share volume of 19M
the 39M. I figured that these trades were being executed by some major
banking or mutual fund or insurance company trading desk at first. But
when I saw prints within the ame minute or a one or two minute print, I finanlly
came to the conclusion that these trades had to be placed by the floor
specialist and market maker in QQQ.
QUESTION # 1: Were the trades placed
by the MM specialist? I don't get Level-2 quotes so I can't check that
way. (And other than Level-2 how whould you find out who executed the
trades?)
Then today, this humongous print comes through at
381,798,912 shares traded! I called the data vendor and they confirmed it
was a valid print. (See attached gif.) Another oddball thing
about this trade was that at the lower large trade volume prints there was
always a print at 0 shares immediately before the large trade print. With
this monster, the 0 print followed.
QUESTON # 2: I undestand the float shares
of a company issued stock but are there float shares for a tracking stock?
(And if so, where would you find the info?)
QUESTON # 3: What is the print with 0
volume about?
QUESTON # 4: Could these trades be the
result of a computer program executing them? <FONT
face=Arial size=2>
Inquiring minds wnat to know! (LOL
!!!)
Thanxs !!! ..............
John
Attachment:
Description: "QQQ_T&S_2000_02_08.gif"
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