An any given day or time of day algos can be set up differently.
I noticed at the open this morning the bid and ask were set at 100 shares each at $26 and $26 and change.
And for the clown that said he was shorting shares it's possible as the short interest has ticked up to a whopping 39.6 thousand shares :-) as of 1/31/16.
Stocks can easily be abused and I'll assume it's perfectly legal because it's for "liquidity" purposes. :-)
I mostly agree with you fanofstan but there can be long periods of times when companies either don't perform and are controlled up or vice versa.
I totally agree on your first sentence. It's either one of two things:
1. Absolute power corrupts absolutely.
2. It was sold as providing liquidity and has morphed into something with much more unethical and evil intentions and those that are supposed to be policing it can't or think it is working correctly.
Someone got spooked and timed that rumor as the S&P 500 was dancing down to 1810.
Unfortunately, it appears they are only putting off the inevitable eventually.
It's up on nothing (TSLA). maybe it was some short covering.
Down for now today because eventually the rules of money and debt will win out although with the right people behind the stock, it may be supported but the longer it takes to get the model X right and get the model 3 affordable with decent margins for the company, the more cash they will be burning. Musk is a brilliant person and showman but he has a tough road ahead of him with lots of challenges at that company. he's also real good at using other people's money.
Oh, thanks for that. i hadn't see DDD's news about guiding revenue well above guidance I just figured it was a 3D algo day since these rotations are often 1 day events. Their good news is all relative since they are still guiding to slightly negative year over year sales in Q1.
This market is brutal and while we may get a bounce like that fake oil production rumor today the S&P went below the April 2014 level and then that fake rumor came out which allowed me to get out of a trade but I've had a lot of pain and I'm thinking there's more to come. We are barely even getting bounces in this brutal market.
I hope capitulation is close but I think that would be temporary. 1700s? 1600s? 1500s? I don't know but if we are heading to negative interest rates that would be less than healthy.
I posted and removed to fix a typo and then reposted but i don't see the post so trying again.
Those were options exercises not direct buys unless I'm missing something.
At least the IBB held just above the old low but I think this may be short lived as just after the SP made a new recent low the oil production "rumor" came out.
I'm not sure if you heard Mark Cuban's call in to CNBC saying he had taken a gold options position since the algo nonsense has him spooked since they can take down stocks regardless of how good or bad their fundamentals are (we all know that from the stocks we follow). Even though this stock is a spec, kerx and the jerx certainly know this also since that is why they are here. They know many stocks are controlled and this is certainly one of them.
If all true in terms of what's been offered you have to respect the guy for sticking to his guns and belief.
You would also think that he still wants to steer this ship unless he were to line something else up that he finds desirable.
I looked at a few it looks like options and RSU's. How convenient.
It's fine with me if they actually deliver i just hope these awards aren't given based on implied dollar value when they are awarded but I certainly suspect they are, i.e. the price is so low so you get more shares. A larger award for lousy stock performance anyone?
It's on the Nasdaq site so I have no idea what you are talking about hit next about 4 times and i had the date wrong it's 3/12/16.
it looks like a bunch of form 4s were filed yesterday but i only looked at 1 so far and it looks like company issued stuff not direct buys but I'll check a few more.
The IBB will be testing it's lows at the open today as will the market and it sure looks like new market lows are well on their way which could potentially be much lower.
I'll let you know if I hear from them and what they have to say. I emailed their general IR email mid yesterday afternoon.
Solid beat? They will have their usual quarter with either a penny or two above or at the number unless they have some scheme cooked up. More of the focus will be on new billings which can also be misleading if they are doing what they have been doing, just lengthening contracts. The focus will also be on guiadnce which is generally in line or slightly above because of their model.
The real question by the time they report will be what kind of shape is the market in at that time.
I could probably put the report in front of you right now and you or I wouldn't know if the stock would be up or down based on the results.
It really looks like barring something spectacular the market going down further sooner rather than later.
The bounces in the indices continually sell off and with that being the case what are the odds that the IBB has bottomed at least in the near term?
Probably not great.
Depending on where you want to say the IBB started trending up until the top at 400, 240 which it dropped to yesterday was roughly a 50% retrace give or take. If the IBB can stay above this level I think the next refib level up would be about 278, then the next level would be just above 300.
Now today's move in the market is still fairly week so we'll see if we don't drop lower soon.
That's an amended 13G. Their holdings are exactly the same as they were on the last 13G 681.3K shares as reported in March of 2015.
As far as making assumptions about blackout or quiet period. No thanks.
i have an inquiry into IR with a few direct questions which they should be able to answer.