OT: general market questions (warning = big possibly stupid/boring post)
Sorry to bother the experienced here with strange questions, but the more I learn about the market (corruption/manipulation), the more I feel like shark food.
What is really happening with strange trades shown after the close?
Today SOIGF had three 10K+ trades shown shortly after 4pm:
otcbb.com 
(Look under "Depth/LII")
6.44 500 OBB 16:16:44
6.49 11834 OBB 16:11:28<<<<---- WTF (#3)?
6.21 15599 OBB 16:07:54<<<<---- WTF (#2)?
6.00 10000 OBB 16:03:13<<<<---- WTF (#1)!?!?!??
6.44 2500 OBB 16:02:12
6.44 500 OBB 16:00:08
6.45 3500 OBB 16:00:04
6.45 5000 OBB 16:00:04
6.43 842 OBB 15:59:52 <<<--- official close $
I think I've read that these late trades are really just postings of trades earlier in the day and these are just "clean up the books" entries, so can look funny.....
...but SOIGF was only at 6.00 around 10am, and at the 6.20 area no later than 1pm.....so it makes no sense to me that everything is usually posted in a timely way except it takes up to six hours for some trades to post?????
If it is normal EOD trading, then why on earth would anyone offer their shares at $6.00 at 4pm when the going rate was 6.40+????
If it was a million shares trade I could guess that they just had to settle for what they could get...but not for 10K.
Was it just a market order that got royally screwed as usual?
(related ref=look at CWPC from 9:45 to 10:45 this morning)
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If you are really bored/kind/whatever, maybe you can address this question as well:
Have you ever had a partial fill on a sell(limit order) and then watched 1000's of shares trade at equal/higher prices while the rest of your order seemed to be put on "hold"?...and then finally get the rest of your shares sold at a lower price? I had this happen on the July 11 peak of SOIGF.
I even called Scottrade to complain and was told everything was "normal" and that since my lower sales were still above my limit, I shouldn't be complaining. B*** S***!
It took 10 minutes (and 1000's of other shares sold/bought)after my initial sell(16% of total) to see the rest(84%) and though the money difference was very small, I'm just pissed that I seemed to have got jerked around by some MM/specialist and got kicked out of my place in line.
Damn bullies! :/
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For the extremely patient only:
What is up with trades for 100 shares at 6.3001/6.3099 on a stock trading with bid/ask at 6.30 & 6.31?
I watched HSOA today and saw this happen over and over, but have never seen it on other stocks at such ridiculous prices.
I understand playing in the spread, but what value is there in taking the time to place a bid/ask that saves/gains one penny?
(or even 10 cents on 1000 shares?). I'm not questioning saving money....I'm just curious as to why this stock seemed to be swarmed with such strange activity today.
Regards and thanks for any responses,
Chuckles. |
