Search results

The summary is well written and accurate. I know people, including myself who have have done MOC's. Just like any other trading strategy, alot of research goes into the process, before attempting to do MOC's due to the increased risk of these trades. In order to be successful with them, you...

The point of this thread is to discuss how to play imbalances at the close of the day. In order to get the final price, you have to do an MOC order by 3:53. On every other stock, that doesn't have an imbalance, I agree, you'll get pretty much the same price if you go market at the bell. Plus...

Exactly.

I don't know where you can get it for free, but the Bloomberg Terminal news dispenses the information, and AT Financial News also has the info.

I don't doubt the validity of the size, but what they do is yank the offer or bid off open book temporarily and get people to cover, and then put it back in.

I don't like the open book. Most of the time they play just as many games on it as they do with TOS. Mot of the people I talked to swore in the beginning that they couldn't trade without, but changed their minds some time later, after the beginners luck with it wore off. But there are...

If your order was in for awhile and he printed under your price you should've gotten the fill. If that's the case, they should call the floor, and they should give you the stock. But if you put in your order right before the fill below your price, then your out of luck, cause the specialist...

What does this have to do with MOC's?

If the imbalance isn't satisfied by trades entering offsetting MOC orders, then the specialist has to take the stock into his account, and will take it where it's safe for him. Atypical MOC will print a minute or more after the market close. Sometimes it can take as long as 30 minutes...

Entering an order at 3:59:45 will not get you the closing price. The MOC price, on a stock with an imbalance, is usually different. Look back in June, and you'll see DNA gapped up a point after the last price before 4, and RD gapped down 2 points on the MOC.

Yes they can, I've seen it happen, and I've seen people get really hurt. The initial imbalances come out at 3:40, and the revised imbalances come out at 3:50. Check out bloomberg today.

You're right, the price will only gap in the direction of the imbalance if there are not enough offsetting MOC orders and the specialist has to take the stock into his own account.

Why would he lie, even he was trying to recruit, the minute a few of the Elite members went for an interview and found out they didn't pay a salary, the firm would get ripped apart on the board. The only way to find out is to visit and check it out.

Most strategies have been around for such a long time that it's really not stealing. Even if they do steal a strategy, in reality they won't be able to effectively implement without your mind process. The strategy I use is being used by so many people it's ridiculous, but it's the little...

A market on close imbalance is an order the specialist has on hand to fill at the closing price. They come out at 3:40 and then at 3:50. You have to lock in your order by 3:53 and you can't cancel it. For example, T has a 3 millions sell imbalance come at 3:40, the idea is to sell the stock...

That's the thing, the market is trying to shakeout the last of the bubble zealots who still think we are going back to 100 point days when good news comes out. Typical bottoms after a severe bear market just trade erratically, giving you abolutely no clue at it's intended direction. The fast...

In order to make money, in most cases, you have to lose money. The reason for this is because you have to experience the mistakes of trading. The key is to recognize the mistake and make sure it doesn't happen often. Since we're all human, we tend to repeat mistakes, but that's ok, as long as...

That's what it said on Briefing.com.

Intel was supposed to have an analyst meeting this evening at 8pm. Has anyone heard anything about it? Good or Bad?

It all depends on how you save your money. If you spend everything, then you'll have nothing for retirement. It's no different then any other job, except you can potentially make more money then most jobs out there. And have fun most of the time doing it.