crazy slippage

[NY0BScalper]

Quote from robbie380:


and finally, there simply aren't that many trades that go off in the example you mentioned. i watch for those trades all day and they aren't as prevalent now as they were when hybrid first started. back then LRPs used to get hit pretty often...now not so much. just take the perspective that order flow is not a conspiracy and you will be better off.

Remember those first months when the buyer would actually take the last 50k of his 500k order and limit through 50 cents past an LRP level on New York to get filled... before all the enveloping and LRP boxes came in?

Quote from robbie380:

you are talking about reserve orders, right?

I'm saying when 50k displayed is holding the stock down and ecn buy program is accumulating 150,000 shares within two pennies of the offer the size will probably go.

 

[robbie380]

Quote from NY0BScalper:

Remember those first months when the buyer would actually take the last 50k of his 500k order and limit through 50 cents past an LRP level on New York to get filled... before all the enveloping and LRP boxes came in?

yes can't get into specifics but that was good stuff.

I'm saying when 50k displayed is holding the stock down and ecn buy program is accumulating 150,000 shares within two pennies of the offer the size will probably go.

i haven't noticed that specific setup at all but that could be because we trade a little different. if i only see a non-reserve 50k offer with nothing behind it and ecn buyers pushing it (likely with some nyse size too) then i will definitely look to push the stock more. i dunno...i'll look for that tomorrow. maybe i am seeing it and just not thinking about it right now.

 

[Scalper007]

Quote from .00019orbust:

on stocks today. wow, i've never had so many near death experiences in 1 day. If you didn't almost die with me, all u have to do is glance at a chart of:

anr
wlt
nke

i mean, i'm about to just walk away from this day happy to be down only a few bills. my god.......

Thats nothing buddy, compared to POT that is...:eek:

 

[spidey]

Quote from NY0BScalper:

Interesting how you think these participants pulling the cancel size scam are specialists. Not saying you're wrong but what advantages do the specialists firms have that allow them to pull the scam off better than hedgefunds, extremely well capitalized traders, market makers, etc?

The specialist firms are all running programs now, very little human market making FROM WHAT I READ. Unlike others, I don't believe for a minute the specialist limits themselves to the spread, they are screwing people left and right, just like the hedgies.

 

[robbie380]

Quote from spidey:

The specialist firms are all running programs now, very little human market making FROM WHAT I READ. Unlike others, I don't believe for a minute the specialist limits themselves to the spread, they are screwing people left and right, just like the hedgies.

again...you are thinking like there is a conspiracy out there and that everyone is magically printing money somehow.

 

[.00019orbust]

Quote from Scalper007:

Thats nothing buddy, compared to POT that is...:eek:

i know you trade, but slippage is all relative.

and you ain't gettin no 4k or 10k of pot. I routinely get slipped 25-40 cents on ma/fslr on a couple hundred shares, but i got no problem with that. It just isn't the same as getting slipped 30 cents on 10k in a stock that has no business even trying to do that, hence the name of the thread.

 

[aresky]

The biggest rise in the unemployment rate since 1986 is an ``aberration'' and investors who sold equities today are ``completely misreading'' the outlook for economic growth, according to JPMorgan Chase & Co.

The Dow Jones Industrial Average fell as much as 412 points today after the Labor Department said the jobless rate increased by half a percentage point to 5.5 percent, the highest since October 2004, as an influx of students into the workforce drove the biggest jump in teenage unemployment since at least 1948.

``The surge in unemployment is probably an aberration,'' Thomas J. Lee, the New York-based chief U.S. equity strategist at JPMorgan, said in an interview. ``It's not because there were fewer jobs, it's because there were more people looking for jobs. Stocks are completely misreading the situation.''

Lee, 39, wrote in an e-mail that ``stocks should be up'' after the report, which also showed payrolls fell by 49,000 in May, a smaller decline than economists surveyed by Bloomberg News had forecast. The strategist said the Dow industrials posted a 30 percent average gain in the 12 months following a jump in the unemployment rate by half a point or more since 1950. A rise in joblessness of that magnitude has occurred 16 times during that period, he said.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNrvd_rk.PUs&refer=home