|
PureBytes Links
Trading Reference Links
|
You
certainly are watching the interesting stocks. I have always believed the Market
makers were not the drivers of market but the others namely the insurance,
mutual funds and in this case hedge funds. It is true that some of positions are
taken without adequate daily average volume to assure them quick turn around but
they I assume modify the bid price to accommodate the risk factor involved. I
would assume that later bids of higher bids confirms the Market maker's good
judgement.
<FONT face=Arial color=#0000ff
size=2>
If the
resulting price after these two transactions were trending higher then QQQ would
be bullish and bearish if not. I am interested in trading QQQ but on the
EOD values for a possible two or days per trade. Does it not appear that the
trading you described supports the bullish position? That is the Volume
times upmove summed up each shall easily be greater than the down moves. I like
to do a summation of these moves to get an indicator for the direction and
strength of these moves. I hope to gather adequate information in this manner to
make successfully trades.
<FONT face=Arial color=#0000ff
size=2>
It may
be true that trades may be accomplished without going through a market
specialist.
<FONT face="Times New Roman"
size=2>-----Original Message-----From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of jhmtnSent:
Thursday, February 08, 2001 1:24 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
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
|