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Xinyuan Real Estate Co., Ltd. Message Board

  • connor.jin connor.jin Jul 31, 2012 10:59 AM Flag

    I suggest we all use limited buy order

    You should avoid the market order when buy shares, not only because the trading volume is low.

    My reason is, there is a HFT fund behind this stock, which plays long but try to keep the PPS low. I assume it is Renaissance Technologies.

    If you use a market order to buy, the PPS can jump up several cents. However, the HFT will immediately post a small sells below the last uptick price. Because the HFT is a long, not a short seller, it is not subject to the SEC uptick rule. I guess Renaissance Tech. is playing this legally to depress the PPS. Their purpose? Of course try to get more cheap shares, as they have been a firm long player for many years in this stock.

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