Gunned GE

More than 6% spike in the price is surely a manipulation by specialists. They threw me out from my position (in my virtual-trading account) :D

Anyway, this is the reality and we'll have to live with it. How do we deal with "gunning the stop attack" in real-life trading - any suggestions?

Cheers,
 

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Quote from sudhaker:

More than 6% spike in the price is surely a manipulation by specialists. They threw me out from my position (in my virtual-trading account) :D

Anyway, this is the reality and we'll have to live with it. How do we deal with "gunning the stop attack" in real-life trading - any suggestions?

Cheers,

You need better 'virtual' charts. That spike never happened.
 
Quote from Red_Ink_inc:

You need better 'virtual' charts. That spike never happened.

I see similar spikes in charts provided by my other brokerage accounts (Scottrade & OptionsHouse). The virtual account that executed my stop was bundled with my real OptionsHouse platform.

I guess you suggest that data feed that is being used by BigCharts, Scottrade and OptionsHouse is a CRAPPY one.

May be you are right!

FYI: I also see spikes around same time in BAC/MS/GS.
 
IB charts show it too, but..i doubt that you can trade it. first of all-the trade was under current bid. like a dollar away.. manipulations of evil MM's have nothing to do with this..imo-some sort of "prearranged" trade. people ,who have bloomberg data probably can see all details..
 
I didn't interpret his statement the same way as you did.

Maybe I'm wrong!

Quote from sudhaker:

I see similar spikes in charts provided by my other brokerage accounts (Scottrade & OptionsHouse). The virtual account that executed my stop was bundled with my real OptionsHouse platform.

I guess you suggest that data feed that is being used by BigCharts, Scottrade and OptionsHouse is a CRAPPY one.

May be you are right!

FYI: I also see spikes around same time in BAC/MS/GS.
 
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