aussiebear Posted October 22, 2010 Report Share Posted October 22, 2010 Marginally up for the early openers: Kiwis +0.4%, Aussies +0.3%, Nikkers +0.3% and Sth Korea +0.7%. Little movement in Aussie market sectors: Energy and Healthcare +0.6% and Gold -0.9%. Link to comment Share on other sites More sharing options...
aussiebear Posted October 22, 2010 Author Report Share Posted October 22, 2010 http://finance.yahoo.com/intlindices?e=asia Link to comment Share on other sites More sharing options...
aussiebear Posted October 22, 2010 Author Report Share Posted October 22, 2010 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html Link to comment Share on other sites More sharing options...
aussiebear Posted October 22, 2010 Author Report Share Posted October 22, 2010 Sign found in China. Link to comment Share on other sites More sharing options...
cwd Posted October 22, 2010 Report Share Posted October 22, 2010 For Mr. H Sent 10-21-10 to SEC Enforcement Division To Whom It May Concern, I have a question. Why does the SEC allow high frequency traders/co-location traders/etc., to front run retail orders every day in almost every security? When I say front run, I mean the practice of utilizing sub-penny orders whereby these so called traders step in front of real bids and offers by 1/100th of a penny to get the trade done, knowing there's a bid or offer right behind them. This has happened to me at least fifty times in the last year. It is particularly a problem on illiquid issues in which the sub-penny order that front runs my orders may be the only business done at that level. And so my order just sits there and never gets filled. This exact scenario in fact happened again today, as I was a 700 share bid at $6.10 in PROV from 11:39am till the close. At 2:26pm 450 shares were executed at 6.1007. On 450 shares that is equivalent to just 31 cents better than my 6.10 bid. And that sub-penny trader got the order instead of me because they were able to front run me without even showing a bid in the market (i.e. the 6.1007 print just magically appears on the tape with no bid having been shown there in the Level II system). I would gladly have paid that price, but of course I'm retail and cannot use sub-penny increments. ZH Link to comment Share on other sites More sharing options...
aussiebear Posted October 22, 2010 Author Report Share Posted October 22, 2010 Forever sideways. All Ords closed with a gain of +0.5% with sectors in a narrow band from Healthcare +0.8% to Gold -0.4%. Nothing riveting happening in Asia: China +0.4%, Honkers -0.2%, India +0.2% and Nikkers +0.5%. On to UK/Europe: Link to comment Share on other sites More sharing options...
Rationalize Posted October 22, 2010 Report Share Posted October 22, 2010 For Mr. H Sent 10-21-10 to SEC Enforcement Division To Whom It May Concern, I have a question. Why does the SEC allow high frequency traders/co-location traders/etc., to front run retail orders every day in almost every security? When I say front run, I mean the practice of utilizing sub-penny orders whereby these so called traders step in front of real bids and offers by 1/100th of a penny to get the trade done, knowing there's a bid or offer right behind them. This has happened to me at least fifty times in the last year. It is particularly a problem on illiquid issues in which the sub-penny order that front runs my orders may be the only business done at that level. And so my order just sits there and never gets filled. This exact scenario in fact happened again today, as I was a 700 share bid at $6.10 in PROV from 11:39am till the close. At 2:26pm 450 shares were executed at 6.1007. On 450 shares that is equivalent to just 31 cents better than my 6.10 bid. And that sub-penny trader got the order instead of me because they were able to front run me without even showing a bid in the market (i.e. the 6.1007 print just magically appears on the tape with no bid having been shown there in the Level II system). I would gladly have paid that price, but of course I'm retail and cannot use sub-penny increments. ZH Could this be a just a report trade for an internalized crossing? i.e. done off market, no bid shown? p.s. Hope you're still reading along Hanky Link to comment Share on other sites More sharing options...
TenaciousG Posted October 22, 2010 Report Share Posted October 22, 2010 A song for all the douche bags this fine Friday morning http://www.youtube.com/watch?v=6zrNf6-EP3U Link to comment Share on other sites More sharing options...
TenaciousG Posted October 22, 2010 Report Share Posted October 22, 2010 Trashuries continue to slowly melt down with soft commodities finding a bid Link to comment Share on other sites More sharing options...
Ags Nightmare Posted October 22, 2010 Report Share Posted October 22, 2010 Hollas all over the place. Don't tell me weekly options has nothing to do with some of this crap. Scamazon missed twice and Jeffries upped it to $ 195 A bunch of other firms raised targets but downgraded. Bye Doo multiple holla Chit Pole multiple hollas Edit. Samazon just went vertical..RBC Holla 188 Dollar down Rockettes up Link to comment Share on other sites More sharing options...
TenaciousG Posted October 22, 2010 Report Share Posted October 22, 2010 Interesting article from the lady who tweeted the VXX/VXZ chart yesterday ‘Something exceptional’ is happening in volatility, correlation Like I mentioned the other day it must be a pain to hedge in this environment - which I think would lead everyone to the same side of the boat and that can't be good Link to comment Share on other sites More sharing options...
specie Posted October 22, 2010 Report Share Posted October 22, 2010 i suspect that gold will correct more than some expect i'm using the october '08 low to the '10 high rough numbers $660 low , $1360 high, 700 pts 50% retrace about 350 pts $1,000 or so is my expectation Link to comment Share on other sites More sharing options...
DrStool Posted October 22, 2010 Report Share Posted October 22, 2010 Precious Metals Update Link to comment Share on other sites More sharing options...
Brick Stoolhouse Posted October 22, 2010 Report Share Posted October 22, 2010 A song for all the douche bags this fine Friday morning http://www.youtube.com/watch?v=6zrNf6-EP3U Kind of a catchy tune. Link to comment Share on other sites More sharing options...
TenaciousG Posted October 22, 2010 Report Share Posted October 22, 2010 Another good video on the mortgage mess from Chris Whalen If there is any ONE thing that is prosecutable it is the fraud by the banks charging the $75-$100/loan for Government recording fees (section 1200 on HUD-1) but never recording the documents. http://www.youtube.com/watch?v=9_i9DO0BRdk Link to comment Share on other sites More sharing options...
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