reserve size on the NYSE

W

Wasted_Daytrade

Hey traders who trade the NYSE!

maybe you can help me figure something out through your experience

I was trading a stock SUP superior industries today because it had really good earnings, and my trades were working out magnificiently until I came to a 200 share brick wall on the offer

I saw prints cross these 200 shares match these 200 shares even print below the 200 shares but not too far below maybe a penny or two (obviously market buy orders) however these 200 shares did not move and when the market started to slide these 200 shares seem to pound this stock into oblivion

ok well my question is this:

can I assume that this was a large market sell order on the offer that had a reserve size of 200 shares? or was this the maniacal scheme of the specialist?

I thought it was the specialist for a while because there were prints inside the market but then I saw the crosses and matches so I assumed large offer with reserve size.

So could it be the specialist shorting with a large order with reserve size on the offer?

I am so frustrated and confused please help!!
 
Dude, don't overthink it! You just need to know that sometimes there is way more where you see a small quantity. Other than that, I don't think it makes too much sense to theorize about who might be selling what. At least not at the level of individual orders or executions. What difference does it make who sold them? The way you are describing it, it could have been anyone. Well, anyone except an amateur who just knows how to enter a market order into Datek...
 
Quote from Wasted_Daytrade:

Hey traders who trade the NYSE!

maybe you can help me figure something out through your experience

I was trading a stock SUP superior industries today because it had really good earnings, and my trades were working out magnificiently until I came to a 200 share brick wall on the offer

I saw prints cross these 200 shares match these 200 shares even print below the 200 shares but not too far below maybe a penny or two (obviously market buy orders) however these 200 shares did not move and when the market started to slide these 200 shares seem to pound this stock into oblivion

ok well my question is this:

can I assume that this was a large market sell order on the offer that had a reserve size of 200 shares? or was this the maniacal scheme of the specialist?

I thought it was the specialist for a while because there were prints inside the market but then I saw the crosses and matches so I assumed large offer with reserve size.

So could it be the specialist shorting with a large order with reserve size on the offer?

I am so frustrated and confused please help!!
More...


What was the real size ? Most stocks on a level 2 are rounded off

200 won't move anything.

20,000? 200,000 ?
 
stock_lover

the offer was a 200 share offer on the nyse open book with a thin picket fence behind it and some large bids in front of it...

I am thinking it is just a reserve size offer with hte specialist shorting with it
 
stock_lover

the offer was a 200 share offer on the nyse open book with a thin picket fence behind it and some large bids in front of it...

I am thinking it is just a reserve size offer with hte specialist shorting with it
 
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