Some buyout rumor, I guess. You would have had to be sitting in front of your screens and paying attention to a screaming scanner. I was having my teeth cleaned at exactly this time today. Risk / reward wasn't so wonderful as it turned out.
Filtering by Tag: pop
Timing of the pop odd since the story was on the AFP wire at 3:32 AM ... maybe it came on the boob tube, I have no idea... in any event, the scanner should have been screaming at 10:50, I assume a human could have entered at $11.38. See the StockTwits screen cap below to see who picked up on it fairly fast: WallStJesus, OpenOutcrier, NewsHedge_Squawk, UTradingFloor, DayTradeWarrior, and TrendsInvesting.
Supposedly being bought out ... action during the lunch hour telling ... lots of buyers "under the radar" ... still if you got in after the "news" hit, you should have done fine, assuming you were quick.
I don't usually feature after-hours pops since they're usually earnings-driven, but this was different ... Icahn disclosing a stake in FCX after the close on Thursday, causing it to pop. If you were fast and got in then out before it collapsed again, you could have made a buck. I guess the filings reader bots got to this first but I can see a human getting in at $11.
Again during the lunch hour ... I guess CNBC got the scoop (leak) ... not much oomph on this one, risk reward wouldn't have made sense in the end, though you wouldn't have lost money, assuming you were quick. Options watchers were aware of unusual activity in the calls before this happened, so the fraudsters (now on a golf course somewhere?) made out once again.
But they didn't hack the press release this time.
Bit late to post this, happened the Friday before last ... every day trader on planet earth saw this at the same time, scanners blaring across the land ... Bloomberg story is time stamped at 01:42PM: ValueAct Said to Amass AmEx Stake as Activist Seeks Targets but it probably showed up on the Terminal before then, though long after 13:27 when everyone piled in. Once again I can't see a realistic entry without a tick chart, not available to those slumming on the $9.99 datafeed. Hang on the story is time stamped August 7, 2015 — 1:28 PM EDT, which must be the Terminal time stamp, not the web.
This I did see in real-time but too groggy to do anything about it ... hard to see if it would have been a good play ... when it came back down in the 13:20s to probe around the re-open low, that may have been a place you'd get shaken out ... not that wonderful unless you were one of the early birds in below $65 ... can't tell how many trades went off down there without a tick chart.
Late to post this, thus the two minute chart ... some "activist" said Macy's worth $125 a share ... quick day traders could have made at least $3 off of this pop, scanner willing. Can't see where the stop would go without a tick chart, but I assume the risk reward would have been decent in the end.
Takeover story posted to fake Bloomberg site ... obviously the perpetrators loaded up on call options in advance and dumped them into the "news" ... I have no idea how people think they can get away with this ... it's so easy to track the purchases back to the broker and the individual accounts, crazy, they will all be caught in short order.
Anyway, as a day trader, you would see this and probably buy in ... say you paid $37.50 getting in, you probably would have lost money or a scratch at best, the whole up and down move was done in ten minutes. As always, I'm interested in talking with people who were involved with it in real time.
TRIP popped at 12:33 PM ... not sure if the scanner would have picked up on it, but it surely would have seen 12:37 PM.
As I've said time and again the one minute chart is not particularly useful for seeing where you could realistically enter and place stops, you need a tick chart for that, and my buddy @HCPG kindly provided me with two ten tick charts below:
You can see that it would have been tough (for the scanner) to spot between 12:32 and 12:37 ...
It's during the 12:37 bar that activity really picks up and it would be sounding multiple alarms ... even with a "bad" entry of $79 (better at $78) things would have worked out into the close, risk versus reward worthwhile (said with the benefit of hindsight).
StockTwits stream, usual suspects NewsHedge_Squawk and OpenOutcrier ... Moench first to notice at 12:34 which gives me hope that the scanner would have bleeped, beating the pack.
All the airlines (AAL, DAL, etc.) popped at the same time Monday afternoon ... assume scanner would have chirped in time ... great risk reward into the close assuming you were a fast boy and got in within that minute ... look at the tick chart to see realistic entry and stop placement, can't see this on the one minute. Seat capacity quote must have appeared on Bloomberg terminal first; there's a reason people pay $1,800 a month for it. $9.99 data feed guys the sucker fish who just latch on.
StockTwits stream at the time ... no one with access to a Bloomberg terminal, it appears? Umm, holy cow, huh, whoa, what happened?
146,000 shares in the 13:10 bar, not sure how many ticks in there before it got halted... even the reopen at $200 (low of re-open bar $192.22) made it possible to make some money, would have taken some skillful entry and initial stop placement.
Again, didn't have scanner running but this should have popped up during lunch hour ... ding ding, wake up and take a look, old man. Crap risk reward if held into the close but it was ahead 30% at one point, so.... if day trading were easy everyone would have wavy thick hair like mine.
Didn't have the scanner running but clearly it would have picked these up pronto ... refresh rate ideally 10 seconds on the scan? Dunno, will have to work on it once back in the proper timezone ... when I'm not doing yard work. Always happy to talk with humans (no bots, please) who caught this in real-time.
My buddy @HCPG was kind enough to share a ten tick chart of BRCM with me ... this is a better way to view these pops:
StockTwits stream for AVGO ... NewsHedge_Squawk and danshep55 on top of it.
StockTwits stream for BRCM ... OpenOutcrier not on his usual game with a 14:00 post:
Things that take off during the lunch hour (esp. before a three day weekend) really stand out ... every day trader (and our bot brethren) on planet earth was on top of this from 13:02.
StockTwits stream at the time ... David Faber talking on CNBC the cause? ... Newshedge_Squawk on top of it as usual followed by a gentleman in Moscow ... it's a small world.
I did have the scanner running on Friday ... DGX was #2 on it at 10:29 AM and then went to #1 for many minutes thereafter ... if you were fast enough you could have made some money ... slow and it would have been a scratch ... very slow and you would have lost a bundle. Let me look at the Twitter feed mentioned in this Bloomberg piece:
Tweet simply conveyed a market rumor, says the author. I'd like to know the time stamp of the deleted tweet ... was it 10:29 AM or earlier?
StockTwits stream from the time... WallStJesus and OptionRunners both noted unusual activity in calls before my scanner picked up stock movement at 10:29 AM.
Nanex posted a nice chart, as usual ... professional traders need a good data feed like his, $9.99 isn't going to cut it.
A fake bid was submitted at 11:34:17 for Avon ... as Eric (@nanexllc) mentioned, it was late in the 11:35 bar when the stock finally began to react... reader bots skeptical and required human intervention? ... anyway, you can't see in my one minute chart below what a realistic entry and exit would have looked like, you need to drop to a tick chart for that ... also my chart doesn't reflect the multiple halts the stock suffered, and what a mess the non-bunched chart looks like.
I assume they will find whoever put in the fake bid and will jail them. It's easy to track large purchases of call options (the options markets are incredibly illiquid and it takes milliseconds to detect unusual activity) so the SEC, even working at government bureaucrat speed, should be able to uncover the culprits within a day or two.
I actually saw this one in real-time on Monday (scanner chirping), but I was watching the penultimate episode of Mad Men and couldn't be bothered; would have been a great trade. The Engadget review came out at 11:30 so it obviously isn't what drove this (what do you expect from TheStreet.com, sheesh) ... obviously there was a take-out rumor in the market, look at that fatty bar ... every day trader picked up on it within seconds ... the bots of course are milliseconds ahead, even ahead of the Chairman himself, slumped in chair, bowl of popcorn balanced on belly.
Forgot to grab the data so we have to make due with a two minute view here:
02:40PM Visa Said in Talks to Buy Visa Europe for as Much as $20 Billion at Bloomberg
Bloomberg news shows up on the Terminal at least a minute before it hits the web, right? ... would have to dial down on the 14:39 bar to see where entry possible ... assuming a slowpoke entry of $67.94, it would have worked out into the close, but not been great from a risk reward perspective. Any human reader catch this at the time?
Dial down to the tick chart to see where you could have gotten long old YELP, no way in the world is it below $42 ... hit DJ news ticker at 13:03? while the stock was halted, eons behind those in the know and our bot brethren, maybe it appeared earlier, just can't find it time-stamped anywhere ... assuming you're pathetically slow and half asleep halfway around the world, you may have paid $42 when it re-opened. Risk reward would have turned out to be kind of worth it -- depends on how clever your initial stop was.
StockTwits stream at the time ... several usual suspects, incl. predictably: OpenOutcrier