RE:RE:RE:There could be some big news in store for us next week crazytimes wrote: It was not a news related volume spike but TRIPLE WITCHING DAY! lol. Same volume spike on almost every stock, some up, down, sideways all at the end of the day related to option, futures expirations. We were lucky they settled our options up a few cents instead of down, but other than that it means nothing about our current situation, or future share price movement for next week and beyond good or bad. It is simply big boys playing big boy games. You can check abx. , eqx, bb, cco, img etc.......etc.... all had the big last minute spikes in volume and huge 4 pm crosses. Just my opinion. Good luck to all.
at first i liked you theory regarding trippl W day but ten i looked at the chart that Fred posted under trades....and it fell apart for me
if you have a look only just over 3 mill shares traded on all the other exchanges the whole day i beleve the spike was on 5 or so mill volume so it could not have happened on those exchanges only...on top of that 4 of those exchanges do not show a high of $.30c so take those out of the equasion that leaves only about 2mill shares traded on exchanges other than the TSX.
Now if they did trade the other 3 mill on the TSX there sould be an option/derrivative symbol for those available for everyone to trade in ...even us pizz ant retail traders, i know the playing field is hardly level as you mentioned the Algos were able to execute all those in a matter of seconds but i dont think they have special priviledges to trade Equities in companys that are not available to everyone..
now if you can find something that tshows me otherwise (equities in listed companys only available to Algo/ hedgefunds/ or some other big players ) let me know because i will pull all the money i have in the markests out because as unlevel the field is this would make it downright Robbery from us lowlly retail investors
i just dont think it can be done??????!
i apreciate the theory though