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TIBCO Software, Inc. Message Board

  • badboy91998 badboy91998 Apr 17, 2000 4:36 PM Flag

    $32? NOT...try $57

    Where do you people get $32 from? It dropped to
    $32 pre market and for a few minutes after the close,
    but then rallied big. Even at the time of your posts,
    which was around noon pacific time...the price was at
    $44!

    You guys have to get a better quote system, or you
    are gonna lose big. If you sold this morning at $32
    you missed a big rally. I posted here NOT to sell,
    because the quotes were off, even on the level II system.
    The bid/ask was around $46, which put us down about
    $2, but the pre market prints were still coming off
    at $32 which gave the false reading that we were
    down $15!! Hopefully everyone hung in there. Let's see
    what tomorrow brings.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • recorded there. that's the DIP. need glasses?

      • 1 Reply to gbixkicksass
      • Yes i realize $32 was the dip. I went back and
        read my post and it reads as follows: "TIBX was at $32
        premarket and for a few minutes after the CLOSE". I screwed
        up, that was suppose to say "a few minutes after the
        OPEN".

        The point I was trying to make is that a few minutes
        after the open, there were still tons of $32 prints
        coming off, and a stocks valuation for the day changes
        as each print comes off. So wether the stock is + or
        - at that point in the day depends on what the last
        transaction was. The bid/ask ran back up to around $46, so we
        were only down about $2. But the prints kept coming
        off at $32 and TIBX was still reading that it was
        down $15.

        This is not uncommon for the first
        minute or so of the day, as the prints from the night
        before print out real fast. It was very strange and
        unusual in this case in that it lasted for over ten
        minutes, and that was on level II. People who dont have
        access to level II, who get delayed quotes would have
        seen that we were down $15 for yet another 20 minutes
        or so. They might have thought the bottom was
        falling out and sold, only to find out it was really back
        to even. This is why I posted that info on the board
        early yesterday morning, to keep people from selling
        due to false information/bad prints.

        My second
        post was aimed at the people that posted LATE in the
        day, almost near the close, that TIBX was at $32. The
        only time we were at $32 was right at the open. They
        should state that in their post. Their post made it
        sound like TIBX was at $32 at the time of the post.

    • my broker (full service) told me she thought the
      "prints" were "good". i.e. She told me that it really did
      open at 32/33 range! My golly! I do 90% of trading
      through Schwab, but for moments like this I have this
      full service broker. I am still not sure what the heck
      happened.

      Fortunately, I'd seen your post by then and avoided a
      heart-attack.

      You are not that "bad" after-all badboy :)

      • 1 Reply to bartiromo
      • Thanks for the reply. It did open at around $32
        but quickly started to recover. There must have been
        a mass of sell orders from over the weekend because
        there were nothing but red (sell) prices of $32-33
        printing out on the time and sales. MM's are required to
        print out their transactions when they happen, and you
        can se these in real time on the time and sales
        report.

        This is another feature of a level II system, it can
        help you determine the price direction. Obviously if
        the bid is $32 and you see nothing but $32's printing
        out, you know buyers are coming in. This is an over
        simplification, but it is one of the tools i use to determine
        when to buy.

        For some reason, as the quotes
        moved up to the $46 level on TIBX, there were still
        nothing but $32-33's printing out, and since that
        determines the current quote and wether the stock is + or -,
        it still showed TIBX down $15 when it was really
        only down $2. Thank God most people held!!! I will try
        and post helpful things when I catch them happening.
        GO TIBBY tomorrow!!

 
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