tryin to buy an nsx
- Thread starter keyser1
- Start date
man why's everyone hatin on my path to the future nsx.
Lets just say I got lucky it hit at 3.60. I figured it would hit sooner or later in the day (the stock is pretty volatile) just didn't think it would so soon. I'm not gonna start my thread by lieing about a couple pennies. BTW, I've decreased my sell limit to 3.80 since the day doesn't appear to be as volatile as I had expected.
The reason for the half hour delay is cuz i put in a limit buy order, and unfortunately i got work to do so couldn't stare at the screen and post the instance it hit...
Btw this is a copy paste from the 'history' screen in my acct
07/18/2005 YOU BOUGHT ECOST COM INC
ECST ECOST COM INC
Cash Shares: +11.000 Price: $3.60 Amount: -$50.55
Comm: $10.95
Settlement Date: 07/21/2005
07/18/2005 YOU BOUGHT ECOST COM INC
ECST ECOST COM INC
Cash Shares: +1,100.000 Price: $3.60 Amount: -$3,961.67
Comm: $1.67
Settlement Date: 07/21/2005
This is a copy/paste from the orders screen in my acct...
07/18/2005 9:40am $3.60 1,100.000 $3,960.00
07/18/2005 9:40am $3.60 11.000 $39.60
NET TOTAL 1,111.000 $3,999.60
Lets just say I got lucky it hit at 3.60. I figured it would hit sooner or later in the day (the stock is pretty volatile) just didn't think it would so soon. I'm not gonna start my thread by lieing about a couple pennies. BTW, I've decreased my sell limit to 3.80 since the day doesn't appear to be as volatile as I had expected.
The reason for the half hour delay is cuz i put in a limit buy order, and unfortunately i got work to do so couldn't stare at the screen and post the instance it hit...
Btw this is a copy paste from the 'history' screen in my acct
07/18/2005 YOU BOUGHT ECOST COM INC
ECST ECOST COM INC
Cash Shares: +11.000 Price: $3.60 Amount: -$50.55
Comm: $10.95
Settlement Date: 07/21/2005
07/18/2005 YOU BOUGHT ECOST COM INC
ECST ECOST COM INC
Cash Shares: +1,100.000 Price: $3.60 Amount: -$3,961.67
Comm: $1.67
Settlement Date: 07/21/2005
This is a copy/paste from the orders screen in my acct...
07/18/2005 9:40am $3.60 1,100.000 $3,960.00
07/18/2005 9:40am $3.60 11.000 $39.60
NET TOTAL 1,111.000 $3,999.60
Wouldn't they have to be both buys and sells in order for there to be a trade printed?
M
In that case, the market maker is the buyer on the other side of the print.
M
Institutions are both buyers and sellers.....sometimes both!
Marketmakers just accumulate, meaning buy or sell small amounts of stock all day, and when they have enough accumulated 10K or 25K or any other number that makes you happy, they then reprint the stock to confuse you....... often out of sequence..... to confuse you even more!
This is done net these days, PLUS a very small commission as opposed to the good old days of 1999!
Marketmakers just accumulate, meaning buy or sell small amounts of stock all day, and when they have enough accumulated 10K or 25K or any other number that makes you happy, they then reprint the stock to confuse you....... often out of sequence..... to confuse you even more!
This is done net these days, PLUS a very small commission as opposed to the good old days of 1999!
You aren't making any sense nor is anything you said relevant to the question at hand, namely "How can a print be a buy or a sell, when all trades require both a buyer and a seller?".
M
Closed out the ecst position for a small gain.
Originally bought 1111 shares at 3.60 and total cost of 4012.22
Sold all shares for 3.68 and total proceeds of 4088.29
For a 76.07 gain.
The gain added about 1.5% in value to my 5k starting acct balance, which puts me on track to meet my plan schedule.
I decided to prematurely close the ecst position as i decided to shift my strategy from playing rolling stocks to the more volatile playing earnings announcements.
That said, I bought 30 YHOO AUG 2005 37.50 CALL options at 1.60 for cost of 4800+comm. If yhoo meets or misses earnings, I'll probably sell tommorrow. If it beats I'll probably hold for a couple days.
Originally bought 1111 shares at 3.60 and total cost of 4012.22
Sold all shares for 3.68 and total proceeds of 4088.29
For a 76.07 gain.
The gain added about 1.5% in value to my 5k starting acct balance, which puts me on track to meet my plan schedule.
I decided to prematurely close the ecst position as i decided to shift my strategy from playing rolling stocks to the more volatile playing earnings announcements.
That said, I bought 30 YHOO AUG 2005 37.50 CALL options at 1.60 for cost of 4800+comm. If yhoo meets or misses earnings, I'll probably sell tommorrow. If it beats I'll probably hold for a couple days.
Math Problem:
You obviously never worked or sat on an institutional desk.
You are correct, every "print" on the tape indeed has a buyer and a seller.
If a large print goes on @ a premium or a discount, a tapereader understands the nature of the order. One side is marketmaker, and the other side is the institution.
This may be a difficult concept for a wanna-be Soes bandit to grasp.
You obviously never worked or sat on an institutional desk.
You are correct, every "print" on the tape indeed has a buyer and a seller.
If a large print goes on @ a premium or a discount, a tapereader understands the nature of the order. One side is marketmaker, and the other side is the institution.
This may be a difficult concept for a wanna-be Soes bandit to grasp.