Market Watchers

Added on by C. Maoxian.

From December 18, 1954 ... by E.B. White:

“ON OUR WAY TO WORK in the morning, we sometimes pass one of those temples where men sit meditating with their hats on, watching ticker reports projected on a screen. We stopped for a moment the other morning to kibitz: through the window we watched the watchers at their watching. The ticker was bringing news of cloudy conditions in the Middle West; rain was expected within forty-eight hours and might have an effect on winter wheat. The watchers, some of whom looked as though they were merely taking refuge indoors from a rain of their own making, absorbed this piece of information solemnly. One man, nursing a cigar, closed his eyes as he tried to conjure up the significance of the distant rain on distant wheat. What a strange little band of tardy pioneers they seemed, sifting the wind that failed to touch their cheeks as it blew across prairies they would never see! How sad they looked, these early-morning waifs — no parents, no homes, only a lighted screen on which prices rose and fell amid tidings of great gain!”

LifeLock Drop, 1 Minute View

Added on by C. Maoxian.

First news I saw was CNBC at 14:13 ... scanner may have picked things up at 13:57 or 14:03 at the latest ... hard to say if you could find a borrow and get short ... always interested in talking with traders who caught this in real time. 

CF Industries Pop, 1 Minute View

Added on by C. Maoxian.

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.

Crick to enrarge

Macy's Pop, 2 Minute View

Added on by C. Maoxian.

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.

Twitter Pop, 1 Minute View

Added on by C. Maoxian.

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.