Losers always need someone to blame. Don't hate the "Player", hate the "game"
Day Trading stocks with Infinite Funds, controlling the market
- Thread starter nugundam
- Start date
Losers always need someone to blame. Don't hate the "Player", hate the "game"
Hey smartass: Not only did I know it was a scam all along, I shorted the shit out of the OTM calls that Friday and covered the next week. <b>And</b> I posted the trade in real time on ET.
http://www.elitetrader.com/vb/showthread.php?s=&postid=743717&highlight=hon#post743717
"05-06-05 02:16 PM
Short HON May 40 calls, ave price: $0.53
Short HON May 42.50 calls at $0.25
Has anyone ever seen a stock run up on a Friday on takeover rumors, and actually announce the merger on Monday morning?
In ten years of trading, I can't think of a single example.
Once again, Joe public is dreaming of winning the OTM call option lottery... and I'm right there, selling him the tickets."
http://www.elitetrader.com/vb/showthread.php?s=&postid=743717&highlight=hon#post743717
"05-06-05 02:16 PM
Short HON May 40 calls, ave price: $0.53
Short HON May 42.50 calls at $0.25
Has anyone ever seen a stock run up on a Friday on takeover rumors, and actually announce the merger on Monday morning?
In ten years of trading, I can't think of a single example.
Once again, Joe public is dreaming of winning the OTM call option lottery... and I'm right there, selling him the tickets."
You don't need a billion to control a stock, but this certainly is doable. Just look at how RIMM was manipulated up prior to options expiry despite negative news released on the same day.
You don't even have to use all your leverage to control it. Have you ever pushed a bid/ask by one cent to narrow the spread only to see 10 programs join you? And you don't even need size, I tested this with 1 share bid/ask. 10 to 15 programs joined immediately.
Think what can be done with unlimited resources to create artificial pressure on a stock price. That's why volatile stocks after some period of consolidation (when the real players have accumulated position) suddenly jumps up/drops down within minutes. Seasoned traders recognize this and go with the direction the big players and MM's (sometimes they're the same)are taking the price, which further fuels the momentum. Your part is to join the party, not run against it.
The LTCM and like case does not belong in the same category. They were not daytrading.
You don't even have to use all your leverage to control it. Have you ever pushed a bid/ask by one cent to narrow the spread only to see 10 programs join you? And you don't even need size, I tested this with 1 share bid/ask. 10 to 15 programs joined immediately.
Think what can be done with unlimited resources to create artificial pressure on a stock price. That's why volatile stocks after some period of consolidation (when the real players have accumulated position) suddenly jumps up/drops down within minutes. Seasoned traders recognize this and go with the direction the big players and MM's (sometimes they're the same)are taking the price, which further fuels the momentum. Your part is to join the party, not run against it.
The LTCM and like case does not belong in the same category. They were not daytrading.
That's a good & interesting analysis. Rearden is posting good info, FXwannabe why you replying with idiocy, just making yourself look like a fool again.
Besides the capital you need to do the pump & dump. The more "legal" examples are the upgrade/downgrades & window dressing by the funds. Also, the current manipulation with Google.
There a bunch of examples, but the ones that come to mind just from the NYSE world are FMD, KKD, & DRL.
I will give you another example. Probably played out more frequently.
Ring Ring.
Yes, (CEO of a stock trading at 20 bucks that does about 100,000 shares a day and likes to buy other companies and also pay out not stock option bonuses to retain tech employees.)
I have half a million shares of your stock to sell and my hand is on the other phone.
Are you going to make your numbers this quarter or not.
CEO -- I can not tell you that it breaches my duties.
If you do not tell me in the next 10 seconds I will sell, tell everyone on wall street after I dump and destroy your company. Now once again, are you going to make your numbers or not. 10 seconds shit head.
True story. Told to me as a personal friend (and attorney) in San Diego on the golf course by a CEO of a company that was eventually taken down prematurely.
Ring Ring.
Yes, (CEO of a stock trading at 20 bucks that does about 100,000 shares a day and likes to buy other companies and also pay out not stock option bonuses to retain tech employees.)
I have half a million shares of your stock to sell and my hand is on the other phone.
Are you going to make your numbers this quarter or not.
CEO -- I can not tell you that it breaches my duties.
If you do not tell me in the next 10 seconds I will sell, tell everyone on wall street after I dump and destroy your company. Now once again, are you going to make your numbers or not. 10 seconds shit head.
True story. Told to me as a personal friend (and attorney) in San Diego on the golf course by a CEO of a company that was eventually taken down prematurely.
Haha
How about 2 cowboy hedge funds that buy up stock of a certain conglomerate firm, constantly pressuring the board & CEO to spin off the resources unit so that they can unload their investments at a huge premium. The climax is nearing as the hedge funds already got 2 of their own put on the board.
This is all while publicly disclosing their plans with press releases which constantly push the price by speculative buying & short squeezes. I just hope they reach their goal.
Hey guys,
Ever heard about JP Morgan? search recent threads at ET.
Ever heard about JP Morgan? search recent threads at ET.
Obviously, your a self-admitted losing trader and missed my points totally just as I am sure you miss profits everyday in the market. Well, then again, gauging your process, this is not a suprise at all.
Ok I've offered you at least 3 chances in the past to put money on those statements. Each time you never respond. Besides that, I've posted my P&Ls several times while you have not shown once that you even trade, although you claim to be the untouchable trader. You previous replies in this thread were demeaning as if to cover up your own obvious shortfalls in The Game.