Swm - Wtf??

[Clubber Lang]

Quote from efficiency:

This is a SWM thread

What about SWM?

Help me out with my losing position in SXE. What should I do?

Like you said, it's a SWM thread.

Start a new thread if you want to discuss SXE.

 

[efficiency]

Quote from Dustin:

Broke my rule on revisiting the thread...

I had the pleasure of chatting with a GS floor specialist on a recent Vegas trip. She said we as daytraders have more access to information, and the ability to trade on that information than specialists these days. The only time now a specialist is really working is the open, the close, and the handling of large orders. As far as I could tell they really aren't significant to the movement of stocks, especially thicker high volume stuff. They are no longer the "ax" on anything except maybe thin small caps.

Take a listed stock Dustin. Any listed stock

Multiply the shares outstanding by the current price.

Can you say magnitude?

Alternatively, multiply the day's change by the volume.

You used the word LARGE orders. This is an institutional market. Daytraders are completly inconsequential. Black box programs have a little more, but they're often after teenies. Both do provide a little liquidty.

Ponder order flow, dividends, election of board members. Thee........eh...............old boy network.


So basically SHE was suggesting how unimportant she was?

That's what I call humility. "I'm just a clerk with a green eyeshade, Kinda like a waitress in a restaurant".

I wonder what HER bonus was last year????

You know, I've got this bridge in Brooklyn I'm offering for sale. Why, you could set up a toll booth on each end. Interested?

 

[efficiency]

Quote from Clubber Lang:

Like you said, it's a SWM thread.

Start a new thread if you want to discuss SXE.

Yeah, like I said, this is a SWM thread . And YOU have yet to utter one word about it. Thus rendering you a troll.

I don't start threads.

You're dwelling on CFC but SXE is a current event. Real time. Here and now.

Go for it.

I'm ALL eyes.

 

[Dustin]

Quote from efficiency:

So basically SHE was suggesting how unimportant she was?

That's what I call humility.

Yes you can call it humility. We even discussed the fear that her job may not exist soon. Specialists do not have the power you think they have...I'll leave it there.

 

[Clubber Lang]

Quote from efficiency:

Yeah, like I said, this is a SWM thread .

You're dwelling on CFC but SXE is a current event.

No one cares about your losing position in SXE. The stock barely trades 100k a day.
Quit bitching about your one lot and hit the bid so we don't have to keep reading about you whining about it.

 

[loufah]

The options on SWM have an amazingly low effective delta. SWM just went from $50.95 to $51.41 in less than a minute. The March $50 calls only went from $3.1x$3.6 to $3.1x$3.7.