GREY:ALEAF - Post by User
Comment by
Toweringmarson Dec 17, 2020 8:18pm
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Post# 32137080
RE:RE:RE:RE:RE:RE:RE:RE:Price action
RE:RE:RE:RE:RE:RE:RE:RE:Price action Interestingly enough New Jersey proposed a hundredth of a cent tax on trigger trades and algo trades. Being a data hub for the major exchanges it would bring roughly 1B in tax revenue for the state.
To which the major exchanges and brokers protested and argued they would leave the state and move the 38,000 jobs elsewhere.
The cards tend to be stacked in the hands of rich and those that make the game.
1 hundredth of a cent. And it's too much.
Crazy.
TRADECRAFTT wrote: I can see it's the same entity making the majority of the trades. When a significant ask is taken out, the majority of the asks move out of the way and dont get sold. Same with the bids. Their shares just hold the price in their desired range. Its predatory and I never understood how that sort of trading is legal. I hope they put a tax on excessive trading and a fee on placing bids and asks regardless of they are filled sooner then later. These people contribute zero value to society. They are bottom feeding leaches.
OldSchooI wrote: The singular shorter is using multiple accounts and squeezing the retail guys into hitting the bid, then moving the offer back once it's filled. The shorter is working a narrow band, and his spread window is .05. Low volume essentially allows the shorter to be the market maker. The solution is big news, strong q's and patience. The stock will flow when AH brings the dough. Hold the line because the manipulation that's occurred won't last forever. AHLooong!!