Trading question

[NewTrade]

I am watching y current holdings, and market depth.

There is, I suspect, a single trade rhere preventing the stock price form progressing. What he is doing is throwing his holdings down 50,000 units at a time, and I suspect trading between himself at times. Everytime the order is filled, he is throwing another 50,000 units ask at 0.44 and bid at 0.43, again at 50,000 units.

By doing this I can see he is preventing other orders from being filled at higher prices. I am wondering why someone would do this, and I am certain it is the same person. Like jst now he brought the price down to 0.435 from 0.44 and both the bids and asks are his units. He sol himself 3000 units just for the sake of bringing the price down again so he can have his bids filled in at his desired price.

This may not make sense in the manner in which I am describing it, but this guy is giving me a heart attack and has got me throwing thrings around the room because he keeps manipulating the price with his silly scheme. Is this a common practice or am I being paranoid?

 

[TabJockey]

Welcome to the world of illiquid stocks trading under 10c. If what you suspect is happening, what can you do about it? nothing.

 

[NewTrade]

Welcome to the world of illiquid stocks trading under 10c. If what you suspect is happening, what can you do about it? nothing.

Ok, thank you.

I just find it infuriating that a single trader with holding power ruins the growth of a stock for the rest of us.

I suspect he is reading from a technical analysis because as soon as the stochastic rose above 80 he started making moves...

 

[skyQuake]

I am watching y current holdings, and market depth.

There is, I suspect, a single trade rhere preventing the stock price form progressing. What he is doing is throwing his holdings down 50,000 units at a time, and I suspect trading between himself at times. Everytime the order is filled, he is throwing another 50,000 units ask at 0.44 and bid at 0.43, again at 50,000 units.

By doing this I can see he is preventing other orders from being filled at higher prices. I am wondering why someone would do this, and I am certain it is the same person. Like jst now he brought the price down to 0.435 from 0.44 and both the bids and asks are his units. He sol himself 3000 units just for the sake of bringing the price down again so he can have his bids filled in at his desired price.

This may not make sense in the manner in which I am describing it, but this guy is giving me a heart attack and has got me throwing thrings around the room because he keeps manipulating the price with his silly scheme. Is this a common practice or am I being paranoid?

wiki up iceberg order. Its simply a large seller not showing his hand

 

[TabJockey]

Ok, thank you.

I just find it infuriating that a single trader with holding power ruins the growth of a stock for the rest of us.

I suspect he is reading from a technical analysis because as soon as the stochastic rose above 80 he started making moves...

If you spot a pattern take advantage of it! This is the advantage of being a retail trader, you don't move the markets so much more is possible with small price movements.

 

[tech/a]

This is a sign of weakness.
The large holder is selling into buyers.
He will do this on up days--days of strength when buyers are plentiful.
If he was to sell into weakness then the price would plummet and he would make far less.
Once gone if buyers arent exhausted then price will continue to advance.
If however in experienced sellers follow his lead and sell on down days then buyers maybe exhausted and if this happens then price will fall.
Whats the stock?
Will have a look at volume on Tick charts if you like and perhaps I can post an analysis if there is something of interest.

 

[NewTrade]

This is a sign of weakness.
The large holder is selling into buyers.
He will do this on up days--days of strength when buyers are plentiful.
If he was to sell into weakness then the price would plummet and he would make far less.
Once gone if buyers arent exhausted then price will continue to advance.
If however in experienced sellers follow his lead and sell on down days then buyers maybe exhausted and if this happens then price will fall.
Whats the stock?
Will have a look at volume on Tick charts if you like and perhaps I can post an analysis if there is something of interest.

Tech/A, I hope you don't mind, but I have PM'd the stock code. I don't know if the rules here allow meto mention stock codes.

 

[nomore4s]

Tech/A, I hope you don't mind, but I have PM'd the stock code. I don't know if the rules here allow meto mention stock codes.

You are allowed to mention stock codes as long as there is no blatant ramping and it would be fine in this case so feel free to post it if you wish.

 

[tech/a]

In response

 

[Gringotts Bank]

Is this a common practice or am I being paranoid?

Seems very common nowadays. If you can get a sense of this happening, that's a good skill. There's an easy answer - watch the price action and intra-day chart for at least 5 minutes before entering. If it's just not looking right, avoid it.

I agree with techs description of someone offloading a large position for your particular stock. Manipulation looks different to that (bots, immediate "reply" quotes that push the price down a few ticks to punish short term traders).

 

[NewTrade]

Hmm, Tech/a - very interesting.

So you expect another drop to its support price then, if not lower?

Forgive me, I am learning charts as fast as I can.

 

[tech/a]

Hmm, Tech/a - very interesting.

So you expect another drop to its support price then, if not lower?

Forgive me, I am learning charts as fast as I can.

Yes currently

 

[hja]

Yes currently

Would you mind giving a tech/a on LCY?

Thanks.

 

[NewTrade]

In regards to the current Equity that Tech/a was nice enough to analyze - I am currently concerned about some strange market activity.

First of all this morning someone started placing a series of orders; about 8 orders ranging from 1 unit to 9 units at about 4 cents under the current price - that did'nt work out for him, and got charged the 0.45 price. Now there are a series of purchases at 0.44, ranging between 10 units and 100 units - all very small amounts.

Is this person still iceburging his order?

If someone can check the market activity and let me know what they think as I believe something very underhanded is happening.

 

[tech/a]

In regards to the current Equity that Tech/a was nice enough to analyze - I am currently concerned about some strange market activity.

First of all this morning someone started placing a series of orders; about 8 orders ranging from 1 unit to 9 units at about 4 cents under the current price - that did'nt work out for him, and got charged the 0.45 price. Now there are a series of purchases at 0.44, ranging between 10 units and 100 units - all very small amounts.

Is this person still iceburging his order?

If someone can check the market activity and let me know what they think as I believe something very underhanded is happening.

Personally I think youll get a lot more satisfaction watching Paint dry than attempting to work out whats happening in market depth.

Now I have to go as they have my computer monitored and phone bugged and I must remove the tracking device from my car---when I find it.

 

[NewTrade]

Umm... Good luck?

 

[skyQuake]

Personally I think youll get a lot more satisfaction watching Paint dry than attempting to work out whats happening in market depth.

Yep. At least dried paint won't suddenly become wet again

First of all this morning someone started placing a series of orders; about 8 orders ranging from 1 unit to 9 units at about 4 cents under the current price - that did'nt work out for him, and got charged the 0.45 price. Now there are a series of purchases at 0.44, ranging between 10 units and 100 units - all very small amounts.

Is this person still iceburging his order?

If someone can check the market activity and let me know what they think as I believe something very underhanded is happening.

What stock is this?
Thats not an iceberg. Thats a broker playing games or crossing stock. Generally if order val <$1k u should ignore it.

 

[NewTrade]

Yep. At least dried paint won't suddenly become wet again



What stock is this?
Thats not an iceberg. Thats a broker playing games or crossing stock. Generally if order val <$1k u should ignore it.

Check out Tech/a's chart a few posts up.

Ok, thank you both for the advice. The stock market is a fantastic thing but it can also be frustrating Lol, the price fell yet another cent for the sake of 13 units - so I have to agree that someone with a sufficient amount of holdings is playing a few games witht he stock.

 

[skc]

If someone can check the market activity and let me know what they think as I believe something very underhanded is happening.

You need to stop thinking about someone is manipulating the share price... in all likelihood it's just a program that sells small parcel of shares at a time in order to achieve better price than dumping/buying everything in one go.

Even I as a retail trader can do it with my broker.

Too many traders think someone is doing something evil towards their beloved company's share price. "If it wasn't for that bot / price capping / manipulation, XXX would be worth such and such", when in reality the share price is just doing what it's supposed to do. i.e. reflect how good/crap the company really is.

 

[NewTrade]

Fair enough.

How would one do that with the rate of brokerage fee's?