Lack of Short Orders on NYSE

dont know if this is what you are talking about but I used to see ppl chase stocks down like 15-20 cents with about 400,000 shares trying to get short it was like free money if you could figure out a way to get short or were already short all you had to do is follow the order until someone decided to buy it and get rid of it, havent seen it much lately is this what you are referring too? also seems like on all of the high volume NYSE stocks the specialists lately are stacking ridiculous fake size every single level for 3 cents either way dont know whether or not this is a trick they just learned but it seeemed to have started with Ford and now everyone is copying that thief, I have just gotten used to it now.

anyone got any input on the volume leaders with the NYSE all showing fake size now?


-Dan
 
I think the edge of trading the "market short" started to really diminish a year or so ago. I havent seen too much of a change in the last 5 weeks like you've mentioned, things look the same to me as they did 6-12 months ago. I have several conversions myself and they are still very effective.

Havent heard of new hedging techniques, although I'm not really in the loop. Just trying to make a living day to day :D

Quote from Billy Valentine:

I agree. My observation is that they aren't what they used to be even 5 weeks ago. I suspect that one or more of the major daytrading firms are using more innovative ways to get around the uptick restrictions, thereby using straight market sell orders (not short sell orders.) The problem for me is that this diminishes the edge of using conversions to get short.

When did you first notice fewer short orders? Also, have you heard of widespread use of any new hedging techniques traders are employing to short on downticks?

Thanks
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Decimilization, NX, SHO have all led to the demise of these types of tape-reading strategies and opportunities, but it took place over the last four years not four weeks, and has been pretty much dead for some time now already (except for nx monkey penny scalpers looking for a few cents here and there... is that you?)
 
Quote from dwl603:


anyone got any input on the volume leaders with the NYSE all showing fake size now?




-Dan
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never got a response to this one so I thought I'd try again seems like all/most of the volume leaders are showing 200,000 shares on each level 3 cents deep on each the bid and the offer now and when it approaches they pull to show the real size, this was started a while back on Ford but it seems like they are all doing it now anyone know what this is all about?
-Dan
 
Some days all I can get is 5 cents here 10 cents there but I will take it if thats what is available. Other days, its 20, 30, 50 cents or more. Basically I will bust my ass for the time being to maximize what is out there. No shame in that right?

Quote from Hamlet:

Decimilization, NX, SHO have all led to the demise of these types of tape-reading strategies and opportunities, but it took place over the last four years not four weeks, and has been pretty much dead for some time now already (except for nx monkey penny scalpers looking for a few cents here and there... is that you?)
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Hey Bill, I agree that the moves created by the market short sellers have been less effective. My observation was that ever since the SHO rule came into play, the moves became diminished for most stocks for whatever reason. I have heard that a few years ago, it was a whole different ball game. I really dont think those big short sellers are from the normal day trading firms.
 
Quote from dwl603:

never got a response to this one so I thought I'd try again seems like all/most of the volume leaders are showing 200,000 shares on each level 3 cents deep on each the bid and the offer now and when it approaches they pull to show the real size, this was started a while back on Ford but it seems like they are all doing it now anyone know what this is all about?
-Dan
More...

I'm definitely seeing more orders coming in and cancelling. I don't know if it's the specialist or someone else.
 
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