Look at this move on PACB if your wondering about SSR rule, yesterday hits it to the tick, so no one can short it at the bid anymore, today it clears out the highs, and its just purely a short squeeze, some ahole walking it up with 25k bids that no one on the short side can hit, its comical how rigged some of these moves are. I wont even touch a stock on the shortside once it goes SSR anymore, cause that is such a common move now, need to learn to trade them as longs.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Look at this move on PACB if your wondering about SSR rule, yesterday hits it to the tick, so no one can short it at the bid anymore, today it clears out the highs, and its just purely a short squeeze, some ahole walking it up with 25k bids that no one on the short side can hit, its comical how rigged some of these moves are. I wont even touch a stock on the shortside once it goes SSR anymore, cause that is such a common move now, need to learn to trade them as longs.
I cant resist posting more on this. For anyone who thinks that the markets arent heavily manipulated to the upside take a look at a daily on PACB, then look at the chart rom the last 2 days. This is purely a short squeeze based on SSR rules. For those who wont know SSR rules dictate that you can only short a stock on an uptick if that stock goes down by 10%, plus you can only short it the next day on an uptick as well.
This means that shorts cant hit the bid so when some a-hole starts sticking 25k bids on the bid every time a stock is sitting at support, it is impossible for it to go down.
Its such blatant manipulation on these high fliers, its ridiculous, and before everyone says im a frustrated short id like to remind you i nailed the top and got out at the exact bottom yesterday and wasnt even willing to touch it today cause i knew what happens once SSR rules trigger.
This means that shorts cant hit the bid so when some a-hole starts sticking 25k bids on the bid every time a stock is sitting at support, it is impossible for it to go down.
Its such blatant manipulation on these high fliers, its ridiculous, and before everyone says im a frustrated short id like to remind you i nailed the top and got out at the exact bottom yesterday and wasnt even willing to touch it today cause i knew what happens once SSR rules trigger.
Just out of curiosity, how different have the SSR restrictions become over the past 5-10 years? Would a stock such as PACB have gone SSR very quickly a few years back?
I think the rule kicked in shortly after 2008 crash, but its only been in the last year or so ive really noticed alot of this garbage going on in the small cap market, could just be that these fund managers are looking for new ways to screw people since the rest of the market has quit going up, but it happens way too often at this point to just dismiss it as a random event.
MEP: So when you see that situation happening, why not exploit it and go long? Then get on the short bus when it starts peaking out.
Man, I'm glad I don't fuck with equities anymore.
would you hold a short to just before close on say NVDA thinking its friday and many longs may not want to hold it over the weekend with uncertainty about the patent?
Yeah, this is the kind of stuff that really doesn't get discussed much, if at all...I'm sure it is amongst guys like yourself who trade alot of shares, it's just something that I'm not familiar with, but it is a definite structural issue that explains alot of what goes on inside the markets. Also helps explain how small caps have outperformed everything else the past week...the biggest squeeze in years.
I tried it for a while, main reason is because they are all dog shit companies, on the ones where it doesnt hold at 10% it often goes down by 30% or more, i exploit it in the sense that i trade around it now, but i think it would be suicicdal going long alot of these companies every time it hits SSR, like i have very little doubt that PACB will be down 10% again on monday the second it goes off SSR, then its just a matter of whether or not the manipulation is over and they are out, or whether they choose to boost the stock again.
seems like even a modest fund could play these types of games with sub-$10 stocks...keep squeezing it, then sell into the squeeze, then just do more bid sitting...I kind of remember back when someone would buy a ton of otm calls on some small stock, get a bunch of attention and play that same game...
(btw, someone on this thread or another thread said VIX would do a 15 touch this fall...seemed absurd at the time, but look at where VIX is.)
(btw, someone on this thread or another thread said VIX would do a 15 touch this fall...seemed absurd at the time, but look at where VIX is.)
I've been debating on selling some S&P call spreads before the close. The 2055/2060 spread has a decent credit of around 1.50 for Nov 6