Hope someone can help me out and recall or inform me on something I read in a board here 6-9 mnths ago. It is the signalling system manipulators use to each other in their working the market/a particular stock by buying 100, 200, 300 shares of a stock as a signal to others to buy large blocks, sell large blocks etc. in their manipulation. I have searched here on 3SOF for a couple of hours now and have had no luck in finding that old thread that discussed this. ??? Any help anyone could give me will be greatly appreciated!
thanks !
elr
Anybody ? ???
elr
Hi, Is this what you are looking for?
100 - I need shares
200 - I need shares, but do not take the price down
300 - take the price down to get shares
400 - trade it sideways based on supply and demand
500 - gap the stock, in the direction of the 500 trade
Great ! thx Boatdude ! exactly what I wuz lookin for. I would assume that there would be any number of possible variations on this, or do MM's use the same basic system ? Anyhow, a buddy of mine has been swing trading and mentioned that among some huge volume trades he would see and occaisional block of 200 - 300 etc. but had never heard of them using that as a signal?
thx :)
elr
I would not base any trades on this. If this was true at one time it has changed many times since then. Saying that I have seen enough peculiar antics on L2 not to think there is some sort of code involved at times. I would think it would be some of the odd lot trades you see go through (1273,0,212 etc.).
If you can figure it out let me know, I promise I won't tell anyone!! LOL ::)
Good Luck