RE: QQQ Questions (Not Metastock)

["neo" <neo1@xxxxxxxxx>]

<FONT face=Arial color=#008080 
size=4>John
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This 
is interesting. If you figure it out let us know.
<FONT face=Arial color=#008080 
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<FONT face=Arial color=#008080 
size=4>neo
 

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: 
  owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On 
  Behalf Of jhmtnSent: Thursday, February 08, 2001 4:24 
  PMTo: _Metastock List ServerSubject: QQQ Questions (Not 
  Metastock)
  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 
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  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. 
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  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 
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  Inquiring minds wnat to know! (LOL 
  !!!)
   
  Thanxs !!! .............. 
John