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| Sep 23rd 2007, 14:18 Isegrim Nikolaidis |
How did SLCX reached a 0.10 low today today ? | |
| Can somebody explain this to me ????. It seems certain shares are being moved in a weird manner. |
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| Sep 23rd 2007, 14:23 Xavier Mohr |
Re: How did SLCX reached a 0.10 low today today ?
Edited by author Sep 24th 2007, 05:10 |
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| Seems like one possibility is that perhaps someone dumped a bunch of shares, although looking at the buy orders on the board right now it don't actually look like that has happened. One thing we have been dealing with is technical problems in automatically resetting trading statistics and payout of interest. It could very likely have something to do with all of that. We'll look into it. |
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| Sep 24th 2007, 03:22 Silverblade Dagger |
Re: How did SLCX reached a 0.10 low today today ? | |
| As what happened with SLMS by yours truly, sometimes all it takes is for someone to sell their shares without doing a limit order, and like what happened with me, sell enough to complete the buy orders that are waiting. If there was a total of say 5000 shares waiting to be bought and that was just the top 10 orders or whatever is listed, and there are no orders for less because people want to buy them ASAP, as soon as the order is filled, you get a massive gap in buy price. With nothing to back up and fill gaps in prices, it really won't take much to tank the price, which can lead to people gaming the system. Take a look on the other end of the spectrum on this like for SLTM. The other day, there were sell orders up to L$3.00, a gap to L$5.00, and then another gap to L$10 and up the ladder from there. If all the shares up to L$3 were bought up, the only thing preventing it from going higher is L$5 and so on, and it can go crazy from there. Just reverse the process with buy orders. Personally, I don't think limit orders should be indefinite, but I think that having it at just a couple days isn't helping either. Having more traders and people willing to put up a limit order with sufficient volume to slow or stop runaway values for an extended period of time seems to me like it would help keep things stable. Then again, I'm not an investing guru, so I could be blowing smoke out of my IRA. I know the topic of order time limits has been beat to death here on the forums, but this is just how I'm seeing things. Honoris Causa... Silverblade Dagger |
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| Sep 24th 2007, 04:40 Isegrim Nikolaidis |
Re: How did SLCX reached a 0.10 low today today ? | |
| there where still 2 buy orders remaining after it hit the .10 1 order of 100k shares at .16 1 order of 200k shares at .14 and several orders above that too. The volume does not exceed 156k on this moment. So the low could not be less then .14 Or somebody must have the abillity to put in orders with the speed of light. |
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| Sep 24th 2007, 05:13 Dezmond Martinek |
Re: How did SLCX reached a 0.10 low today today ? | |
| I have noticed an issue with ghost orders. Sometimes orders placed and then removed don't dissapear. I was not sure about this until today when I removed a 10000 share order and watched as it was removed from my buy list but not from the board. This should be looked at quickly. | ||
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