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+--- Thread: Money machines (/showthread.php?tid=4983)
Money machines - calaban48 - 10-29-2013
The tape shows a large number -- maybe most -- of today's trades are at four to six (!) decimal points. I guess we know what's happening. News, please.
RE: Money machines - cybersssss - 10-29-2013
I don' think we can know what is happening as the price is not going up on these trade? Seems to be equal buyers and sellers. If it was buying from covering and/or new buyers I would expect the price to go up quickly.
RE: Money machines - calaban48 - 10-29-2013
'cybersssss' pid='30414' datel Wrote:I don' think we can know what is happening as the price is not going up on these trade? Seems to be equal buyers and sellers. If it was buying from covering and/or new buyers I would expect the price to go up quickly.
I simply meant the four- and six-decimal point trades are programmed computer buys. Neither I in my self-directed account nor my broker can trade in more than two decimal points. So I figure those longer numbers are algo-trading. Not suggesting it's covering. That will happen, though. <g>