LULD

From this Frequently Asked Questions pdf:

“The Limit Up-Limit Down (LULD) mechanism is intended to prevent trades in National Market System (NMS) securities from occurring outside of specified price bands. The bands would be set at a percentage level above and below the average reference price of the security over the immediately preceding five-minute period. The reference price will be the arithmetic mean price of eligible reported transactions over the past 5 minutes.“

“The Processors (UTP/SIAC) for each NMS stock shall calculate and disseminate to the public a Lower Price Band and an Upper Price Band.“

“The functionality … will apply beginning from 9:30 a.m. ET and end at 4:00 p.m. ET each trading day, except in cases of an early scheduled close.“

“Effectively, the band percentage changes based on the time of day and differs according to the price of the stocks.”

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Here’s the PLAN TO ADDRESS EXTRAORDINARY MARKET VOLATILITY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 608 OF REGULATION NMS UNDER THE SECURITIES EXCHANGE ACT OF 1934

Late Trade Reporting

There’s often a flurry of pre-market trades that get reported at 8AM causing a lot of funky bars that look like “bad tick” bars … this is how those trades appear in Bookmap:

This is BKYI on the morning of March 27, 2020.

Most Popular Cameras in the Flickr Community

I looked at the Flickr Camera Finder page for the first time in forever and was surprised to see that the most popular “cameras” are all iPhones. Of course I shouldn’t be surprised, even I threw in the towel and started posting iPhone photos to my Flickr, though I did hold out for several years at first.

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MFA Financial Trade (MFA) with Bookmap View

I made another good trade today … MFA is not hard to borrow, IB has millions of shares available to borrow, but the stock has been unusually active of late and was my number one Unusual Suspect. It did nearly half a million trades today, which is impressive. Check out the video below… I still have no sound (will get a new mic soon), but I’ve inserted some comments. The tape runs at 64x fast forward, so you can watch the entire trading day in around seven minutes. Speed it up further by watching at 2x on YouTube. Make sure you set the video quality to 1080p HD so it’s clear.

Check out my trade in Astrotech (ASTC) if you didn’t already see it.

Changing All of the Stations

White girl can sing (but she can’t dance).

Astrotech Trade (ASTC) with Bookmap View

I made a good trade in the HTB (hard-to-borrow) du jour, Astrotech (ASTC), today. Borrow cost was 3.33 cents a share ($333 per 10,000 shares) … this is how I view Bookmap … basically it’s one-minute candles overlaid on the order book heatmap.

Make the video full screen and make sure you have 1080p HD quality playback. You should watch it at 2x fast forward, and pause it where you like. There is no sound. This is the first time I’ve made one of these, so I should get better if I make more in future.

Movies Watched -- Victim (1961)

100 minute running time … interesting for historical reasons, detailing the blackmail that resulted from the anti-homosexual laws in England at the time … a John Farr recommendation … it wasn’t terrible but I also wasn’t thrilled with it, and it certainly doesn’t make my Top 500 list.

Nature played me a dirty trick

Mistreatment of Detainees

“Abuse of detainees in Afghanistan included being stripped, kicked and punched, sleep deprivation, sensory deprivation, and being forced to endure the films of Jean-Luc Godard, according to Human Rights Watch.”

Movies Watched -- Contempt (1963)

103 minute running time but I wisely abandoned this at the 10 minute mark … sweet Jesus, this was a pile of shit … sure, Brigitte Bardot has an outstanding ass, but holy crap this was terrible. Jean-Luc Godard, what a pretentious prick. John Farr steered me wrong here (“In the hands of New Wave master-bater Godard…“), but you don’t have to make the same mistake that I did and waste a rental on this. And poor old Fritz Lang roped into appearing, sheesh. Full red, avoid.

Which do you like better, my breasts, or my nipples?

Movies Watched -- The Most Dangerous Game (1932)

62 minute running time … early talkie … like Island of Lost Souls, another island occupied by a madman doing bad things … not badly done and only an hour long … see it if you’re interested in early cinema, but it doesn’t make my Top 500 list, I don’t think.

You raving lunatic!