RE:RE:RE:RE:RE:RE:29 closeVery smart statement.
If the number is big, you will get a move in that direction one second after it is announced.
EX: a stock which is $30.00 and trades avg volume of 500,000 per day and announced that they will have a BUY of 300,000 shares.
Then stock will go to $30.30 by the close then maybe jump to $30.60.
Vice versa also.
Rememeber, 25% of the time, it will sell those shares.
Complete random and not known 100% which way.
YourMindIz wrote: fdfd. Yes you are clear and I actually learned something from this forum this weekend. Dec 18th 2015 looks was a third friday of the month as well so i understand that options expiry causes the large MOC but I don't understand the 25% moving the wrong direction part.. wouldn't the algos "know" the MOC and move it in the right direction in the last 20 minutes or am i overanalyzing the power of algos?
fdfd12 wrote: Yes public knowledge.
When we have an MOC with a large buy or sell order, 75% of the time it
goes in the right direction. Meaning if you have a stock to buy at 1,000,000 shares on MOC,
then 75% of the time the stock will go up and 25% it will go down. No guarantee.
Also, you really can't sell it on Nasdaq that easily since there is not much volume after hours on it.
Once about 6 months ago, if poeple can remember, we had a big sell on CXR and the stock dropped $1.25 at the close. It was Dec 18, 2015.
The stock was at $52.00 and the MOC close was at $50.41 on a big sell order like 500,000.
After that, people were selling on Nasdaq at a discount to have a quick profit.
Instead of $52CAN they were selling at $51.50CAN but on Nasdaq.
Hope this is clear.
YourMindIz wrote: m y question did not post. Is this public knowledge and if you know this can you sell on tsx and buy on the nas knowing this will take up the price on the txz on close? What would be the risk in doing this as I I don't see any risk but am I missing something?
YourMindIz wrote: Lattice wrote: Options expiry large MOC imbalance
portuga68 wrote:
wow big spike at the end 128000 volume in last few seconds