Re: Outlook
in response to
by
posted on
Nov 16, 2015 02:34PM
Not that busy right now and I've been meaning to comment for a while on the "invisible" trades. The only trades that are invisible to us are 001 Anonymous. All the trades done on other trading systems are quite visible if you have the service, it is very inexpensive and readily available. As of right now Anonymous traders have bought 1000 shares and sold 1500 today and I can quite easily see (just like anyone else can) every trade that has taken place today, or any other day that for matter, right down to the individual trades. No secrets here. IMO, while from time to time there may be some individuals trying to influence trading with strategically place trades I seriously doubt it is hedge funds. Could be wrong but I don't see managers with a billion dollars in assets under management (a SMALL hedge fund) fooling around with a stock that trades as lightly as RVX. I look at monthly trading patterns and the last time I saw anything that I thought was worth noting with RVX was late last year/early this year when, if memory serves, someone or someones bought around 400,000 shares through Morgan Stanley which, IMO, contributed to the run up we saw early last year. I haven't seen those shares come off through MS but who knows if some went off though 001 but I would doubt it as MS has no relationship with RVX. I know traders who work at investment houses who use 001 when they are trading against the grain of the firm, when the firm has a relationship with a given security, on behalf of clients. Nothing nefarious, purely optics. I would never say that the markets in general are clear and transparent but in the case of RVX I would say it is fairly clear. The reason being there is not a pile of dough available the size the big fast money needs to be interested. For those intersted in the past month traders using 001 bought 215,200 RVX shares at an average of $2.003 and sold 222,200 RVX shares at an avg of $2.067 across all trading systems.