Your a MM, I’m an MM, we are both are catering to the same entity. The price needs to be run down for some reason, and we just trade shares back and forth (The bulk of the volume for the last three weeks) I place a 5000/10,000 BUY at AON, in 4 decimal places, a penny or less below the BID. You fill it, then do the same thing, and I fill it. The neither one of us charges the other one broker fees, and just pay the few cents Reg. fees. While that’s going on, we play the Herd Mentality with shares we both picked up in quantity before we started.
It works either way, up or down. We either gather for someone at a predetermined price, or we unload for someone at a predetermined price. Don’t think that works? Then you never worked for Fayez Sarofim.
Do you think the 35,000 at the 16:00:00 close was just somebody trying to get rid of over $100,000.00 before the weekend started? Or do you feel it was a needed “settle-up” at 3.18?
The Sphinx, he used to own a lot of Kinder Morgan didn’t he? The Pipeline business is a lot different than floating containers. I know Richard Kinder makes a lot of his money trading securities. Is Morgan flipping DRYS now through the people I’ve been talking about? Strange relationship the Egyptians and the Greeks.
Myself. And you’re not? Well, I do remember you told me you're trading for your Housekeeper also. Do you let a broker make all your decisions for you, and your housekeeper, and then keep all the paperwork on the trades?
Anybody make any purchases today and have them filled through Citadel LLC (CDRG)? Only two possibilities I can see. 1) They are selling SHORT. 2) They are injecting somebody's, or new, shares into the mix.
It all depends what Flow Traders are doing. This morning they are bumping it up, between their different offices thru the EDGE. If you can track their computer trading program, you can make a good living by staying a penny behind their moves. Most of the volume during the day is FLOW, with knowledgeable traders right behind them.
There are only three possibilities here. The advice posters are giving is because:
1) They ran out of things to do on Social Media boards, are not traders and have no idea of what they are talking about.
2) Because they are traders, and are giving bad trading information because they are trading against the people who think they are getting good information.
3) They are posting in conjunction with Brokers.
You are trading against Market Makers who counteract every move you make in order to, guess what, fabricate a market. Maybe even Day Trade 20,000/30,000 lots for a penny? Wow what a thought!
Understood. But they FLOW is not using DRYS to make their living. I feel they are pulling the strings under the direction of a large holder(s) for a specific reason other than options. Most of the volume for the last few days was related to their ping pong trading holding this security in the predetermined range.
Both of you. Maybe Jan van Kuijk lost his money again and needs to day trade. I thought that was all finished after the Newtrade deal. But if this concentrating, for a long period of time, in the same security over & over continues they are going to ruin the daily volume after us lowlife "dime" makers when we back away from trading DRYS. Especially when they are holding it in a 3 cent range.
Don't know about the 16 million, but I can watch then pick up the 40 or 50 thousand shares they need as they need them. In the opening, and sometimes even pre-market, but also anytime during the day. Even at a premium.
They do have a responsive computer system. Notice right after the 2.93 close @ 16:00:00, it knocked the official close down to 2.92 in less than a tenth of a second
No conspiracy, we are all in competition with each other. Also, because of them, I am making a lot of dimes following their lead. I’m just suprised that a company of their size, has continuously been day trading in the same security for such a length of time without letup unless the have a solid reason. DRYS is a great security for day trading, and it’s done by a lot of the "big boys" or "they" types.
But for a Proprietary Trading House to hammer one security, with the same computer program, for such a length of time is strange. You would think they would give it a break unless they are doing it for some other reason besides just day trading for "dimes".
Do you work at Flow Traders, or some other house?
You could be right. If I had 15,000,000 shares of anything, worth more than a buck apiece, I would be doing the same thing. It is easy to tag up with FLOW's program, stay a penny behind, and make a few dollars along side of them. Thanks for the comeback.
has a computer program going that is selling into itself and driving the price down for the last few days. And they are doing it with a lot of shares. Anyone know who has a tremendous amount of shares they would be doing that for and why? I can understand the concept of dumping into the Bid and then buying all back at a lower price once in awhile, but this is getting to be quite an operation.
Flow Traders is a computerized trader and Market Maker, running their own software and bouncing DRYS buys and sells between Amsterdam, Romania, Singapore and New York. They can make this go 20/25 cents in any direction they want. They have a team of over 175, of which more than 60 are traders. And they have a stash of shares to cover what ever they are doing. Some days they will pick up 40,000/50,000 shares in DRYS, at the start of the day in the NASDAQ, just to have additional cards to play with.
Ever play cards with a computer and think you were going to win? I’ll give you a hint. Follow FLOW’s lead and take lesser profits. Where this stock is trading has nothing to do with 95% of the #$%$ posted here. Besides themselves, FLOW is Trading for Institutional Investors and buys and sells their holdings for them. They can work up a price range to accommodate the transactions in before they make them.
But actually, looking at the conversations some posters here are having with themselves here, then bumping their own stupid posts with different aliases and calling themselves names, is sort of fun watching between trades.
But I do have respect for the persons posting here, and who write the buy or sell articles, working with the companies making the markets in this security. You do convince uneducated and unsophisticated people, with cash, into playing the game. How come nobody posting here calls themselves Toby Smit?
What was traded today, from the outside, was a little over 2,875,000 shares above the 5,114,920 shown on the NAS. Stockholder loan to the company, through the sale of personal shares to pay off a bond? If so, you could just pay yourself back, with interest, and buy your shares back at a lower price. No response necessary.
No, they're using Flow Traders to divest of insider outstanding. Over 2,000,000 today. You of all people should know that. Give it a break!
Ocean Rig is a subsidiary of DryShips which is 59% owned by DryShips itself . So when DRYS works for ORIG, the other 41% of Ocean Rig stock holders pay 100% of the bills and DryShips ignores the fact that own 59% of any bills?
No wonder Economou beneficially owns 57,000,000 common shares of DryShips. Sounds like a good deal to me if your name is Economou.
DryShips owns 78,301,755 shares of Ocean Rig Shares Outstanding of 131.880,000. (DryShips owns 59.4% of Ocean Rig.)
June 4, release: with an estimated backlog of approximately $165 million. (Quarter 1 2015) it will cost Dryships $98,010,000 to settle it’s part of the $165 million backlog. How much will DryShips, by itself, be getting paid to punch the holes?
June 5, release: with an estimated backlog of $1.3 billion. (Quarter 3 2015) it will cost Dryships $772,200,000 to settle it’s part of the $1.3 billion backlog. How much will DryShips, by itself, be getting paid to punch the holes?
(It's not a matter of subtraction, ORIG people don't work for free.)