Recent content by tysonfinley

btw autoex is also known as NYSE Direct+

AutoEx is an electronic order that bypasses the specialist and is filled instantly. There are some rules though. There has to be at least 200 shares displayed on the quote size for it to go through, your order has to be at least 100 shares and no more than 1099 shares, and the specialist has...

Specialists can only sell on an uptick, so they can't drive anything down like that. That reversal didn't seem to have any upticks.

AMEX! Oh SNAP!! I would be very careful with that one thriftybob. Those specialists basically have a license to print money. It could even be one of their friends that they have doing it. It's like bungie jumping in Mexico, they just don't have the same regulations.

This is not illegal. However, if this were an NYSE listed stock, the specialist would catch on eventually and just start filling their orders with his own inventory. The specialist can see everyones ID when they send an order and they tend to memorize the size player's IDs. Thats the beauty...

I only read through about half of the posts but didn't see anyone mention the real answer. First of all the statistic itself is kinda flawed in that, when it says 90-95% of day traders lose money and quit, they define day trader as someone who makes 3 trades or more per week. So for starters...

I would be willing to bet they go into hyperinflation before anyone makes money on this. All they need to do now is start printing larger bills and a loaf of bread will cost a billion dinar in no time. A 500,000,000,000 (500 billion) Yugoslav dinar banknote circa 1993, the largest...