NYSE specialist

[kwancy]

Does anyone trade the hybrid stocks still sees double print?
that happens on AXP today (Nov. 1st).

 

[traderyin]

Quote from Don Bright:

We see a red quote line within our Redi Plus montage showing the pricing levels where "replenishment" may take place....if that's what you're asking.

Don

What happen to a stock that reach LRPs?...thats what I'm asking. Would the stock trade only AT LRPs when it reach to let buyers and sellers meet?

 

[Don Bright]

Quote from traderyin:

What happen to a stock that reach LRPs?...thats what I'm asking. Would the stock trade only AT LRPs when it reach to let buyers and sellers meet?

LRP is simply a supply of shares, either for sale, or to buy, at predetermined levels based on the specialist's algorythim. The stock would trade at those levels until the shares were gone, that's all.

Don

 

[traderyin]

Quote from Don Bright:

LRP is simply a supply of shares, either for sale, or to buy, at predetermined levels based on the specialist's algorythim. The stock would trade at those levels until the shares were gone, that's all.

Don

How many supply of stocks would be available at these points? Is it base on the stock daily vol. ?

 

[eusdaiki]

what happens if the stock just goes through the LRP?

 

[Don Bright]

Quote from eusdaiki:

what happens if the stock just goes through the LRP?

Same as it has been forever. If there are more buyers, the stock continues up until the buyer is exhausted (filled). The LRP's are nothing more than levels where stock is being provided from various sources.

Don