what f*ck just happened

[Bankedout]

Quote from greenleaf:

Where is QDZ? He finally has something here to sink his teeth into.

ROTFLMAO!!!!!!!!

Thank you. Have a happy holiday.

Banker

 

[saschabr]

of course I cannot see how many contracts exactly were
sold, since I have only tick data to compute from.

The screenshot is made of my software running. The
blue line indicates that there was severe resistance to
the small rally before the downmove (5 pts). I estimate
someone sold something between 5 - 15k during this phase.
It could be 30k contr. as well, about 70k were traded totally
during this time. The blue line (an indicator I developed for
myself) shows anyway that something was not right
with this micro rally anyway.

 

[nitro]

Quote from Aaron:

It was interesting reading the chat log. Fruity Pebble was precient with his guess of an order error. I would have been looking for news of a terrorist strike or something like India and Pakistan nuking each other.

Aaron,

Yeah, FP got it right. I was thinking the same thing, but I was startled for at least thirty seconds as I heard the squawk go to into complete and utter pandimonium.

When I looked at the ES and the NQ and did a quick mental calculation that something bizzarre had happened in YM, I tried to get long Qs. The bid was at .65, the offer was at .62 (!) and I kept seeing .54's go by!!!!????? I could not lift the offer on the Qs to save my life.

nitro

 

[nkhoi]

Quote from tatertrader:

I'm not really convinced of the conspiracy theories - how dumb would one have to be to attempt such a transparent scam? I mean it takes about as much imagination as pulling the fire alarm to get out of math class.

OTOH - after following Frank Quattrone's exploits nothing should surprise anymore.

the most successful scam is the simple one. So simple that it always get a comment like this. They did it and they get away with it, it was an easy trade so they will take it again and again.

 

[saschabr]

Quote from tatertrader:

I'm not really convinced of the conspiracy theories - how dumb would one have to be to attempt such a transparent scam? I mean it takes about as much imagination as pulling the fire alarm to get out of math class.

OTOH - after following Frank Quattrone's exploits nothing should surprise anymore.

It is not so much a matter how simple a scam is, it matters much more how good you destroy every evidence for it.

 

[nkhoi]

Quote from nkhoi:

lets see what THEY have on their calendar

I mean no accountable day

 

[Kap]

For the more adventurous, : how about this... someone entered a stop order to sell a massive amount (mistakenly added a few 0's) of contracts if the market hit some deep low. The stop order was seen or "smelled", and those B*stards on the pit floor know where the big stop orders are , dont let anyone tell u different, the market was thin so it was tee'd up nicely to bang a big sell order in an illiquid market to drive down SnP to that limit where they sold to the poor fellow... arbitrage took the index back up swiftly... Kaboom! someones loaded

 

[tatertrader]

Quote from nkhoi:



the most successful scam is the simple one. So simple that it always get a comment like this. They did it and they get away with it, it was an easy trade so they will take it again and again.

You realize that 10,000 contracts is half a billion dollars BP to throw out there on the hope that the trade is broken? Also, following your logic.....one would also need significant additional BP to place the other "half" of the trade.......where the illicit profit is actually realized...also with the hope that it is NOT broken......

Billion dollars BP on a scam that any rube can see.

Yep - makes perfect sense to me now.......

 

[saschabr]

Quote from Kap:

For the more adventurous, : how about this... someone entered a stop order to sell a massive amount (mistakenly added a few 0's) of contracts if the market hit some deep low. The stop order was seen or "smelled", and those B*stards on the pit floor know where the big stop orders are , dont let anyone tell u different, the market was thin so it was tee'd up nicely to bang a big sell order in an illiquid market to drive down SnP to that limit where they sold to the poor fellow... arbitrage took the index back up swiftly... Kaboom! someones loaded

...no matter. put them in handcuffs !

 

[FRuiTY PeBBLe]

Quote from Aaron:

It was interesting reading the chat log. Fruity Pebble was precient with his guess of an order error. I would have been looking for news of a terrorist strike or something like India and Pakistan nuking each other.

Quote from nitro:


Aaron,

Yeah, FP got it right. I was thinking the same thing, but I was startled for at least thirty seconds as I heard the squawk go to into complete and utter pandimonium.

yes, that FRuiTY, he is somethin'!

FRuiTY P.