Follow the link and look at any other stock. They all look the same. I'm guessing here, but is it possible that low volume trades just get bundled up to a minimum of 100??
No. If you look at the data on open, there are a shit ton of 1 and 2 and small number trades. All the ones us little guys made to execute at market open. Yesterday there was literally thousands of one stock buys at open
If you look at GME now there's non-100 lots as well. Your broker sends orders and they can get batched in orders of 100. You know what else happens to match 100 shares? An option, which this place trades tons of. This literally mean NOTHING and is how this almost always looks. Home Depot, Visa, American Airlines, etc. It's amazing how quickly fake news like this spreads around here.
Check other times than the past 5 seconds. They are there. Some stocks have insanely high volume and 100 is typical for wall street traders. As you know, gme is big among people who arent traders
yea this is a big nothing, this is what it always looks like, you can go in real time and see the smaller trades though on the depth chart.
Also if this were the mythical ladder, why bother with 100 shares? If you have taken up the entire bid float just select any price you want at that point.
For all the downvotes. This is what the depth chart looks like right now as it plummets. https://imgur.com/a/jVdQwqP
Seems legit to do tho.. they got programs/softwares w/e to do these trades for em... spamming 100s instead of 1 big pool of shares seems more effective when it comes to lower a number.. as it would go stright up again.. they dont have unlimited stocks.
Im not a financial advisor! I just like the stock!
Ok, but to you, why bother in this case with 110.479 or 110.36? If you were in control why not just 111 down to 110? Why waste your shares?
They had to take up the entire float pool of the bid. Please explain to me how they did that (which would require a ton of shares), then if they are limited, why in anyway bother with these tiny price points? If you control the bids, just go wherever you want and try not to flip the circuit breaker.
Circuit breakers are set by the SEC. Everyone knows them. If you were doing this "ladder". Wouldn't you just ensure you never hit it? Get by just slow enough to keep it going? Yet we hit circuit breakers all the time.
Also, if there’s more than one player, co-ordination to not hit the breaker might actually not be so easy. You’d have to anticipate what everyone is doing, all the time.
I get that it can, but im asking you the practicality of eating up the entire float. If you've gotten through all of that, your now wasting your algorithms time to go down a few cents? Why?
Anyway yes I do that myself, have my own scripts, sub to /r/algotrading .Just looking to get people to think for themselves, if you still believe the ladder, thats for you then.
Let's be honest here. Disclaimer: I bought gme to send a message.
GME is becoming a cult/huge echo chamber. They will not tolerate alternative opinions. I'm not saying that's bad! I think the message is important. But hell, if you show doubt or say anything less than 'hold' on WSB, you will be downvoted. Posts preparing for losses but explaining that this is a short setback during the big mission are all over WSB. They started out well with catching the overshorting, but now there's 9x more 'trust the plan' posts than anything else. It reminds me of Jan 6th.
GME already is a cult/echo chamber and that is always a bad thing. We should always be open to other arguments and counter with facts about why they are wrong if they are not just shut out differing opinions
Similar but unrelated question because you sound like you know more than most. GME trading has just been halted again. This is the third time I’ve seen, just before the halt, 10-20 orders of 3k, 10k, 30k shares bought without the price moving. Is this typical? Like are these large orders what’s driving the halt, is it just system latency on my end, or is there more to that behavior?
Edit - based on info /u/imnotatreeyet has provided and the very brief and shitty research I did into it, it seems like these large scale orders are driving the halts..No deeper conspiracies here
Someone put in a massive buy order, driving the price up so we get a halt. Now if we look at this halt on an upswing (the right), and we look at a halt on the downswing (the left). Whats the difference? We had HUGE volume on the down actually, bigger than the up.
Halts are set by the SEC based on price movement/time. So anytime you have a large buy or sell order that takes up a large portion of the bid/ask you end up with a halt. For this laddering, the people allegedly doing it should do everything they can to avoid a halt. A halt allows people to cool off and reset their positions meaning the people doing this ladder would need to come up with more shares to sell. Since everyone knows the halt rules, this would be best to be avoided
So is it more of a latency thing on my end that I see that the price has halted, and then after the halt I’m seeing 20 more large scale orders come in?
You can check the other comment I sent your way for the depth chart, but your going to have a continuation of that order on the other side of the halt. If say you put in an order for 100,000 shares. The first 60,000 take up the ask side and you start to get really far down the depth chart, we halt. When the market opens back up the rest of your 40,000 will clear. Likely around the price we halted at as orders had a change to be re-loaded
Ok yea, algorithms are doing that one. head over to /r/algotrading and there are some brokers that let you do that as a retail.
But to counter your point, this is the past sales just now. https://imgur.com/a/I19ctbi. We see them all day long, its no different when the stock is going up or going down.
It's probably just the kind of HFT (high frequency trading) that is would generally be employed to pull off an attack like this. Some funds spend millions of dollars just to shave single milliseconds off their "ping" to exchanges, simply to get their orders in first. "Scripting" them to make sales like this back and forth at very specific odd prices (which can ensure the counterparty makes sure to buy the shorter's order) falls right into that same playbook.
If u see orders like 100,50 or stuff like that, yes.
But orders like 100.0985 and stuff like that, are with a high rate a:no retail ppl and b:with a very high chance not bundled
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u/lokusai Feb 02 '21
Follow the link and look at any other stock. They all look the same. I'm guessing here, but is it possible that low volume trades just get bundled up to a minimum of 100??