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HSX really needs to get their **** together re: these IPOS and how volatility affects stock movement

Posted by: TheWeekendWarrior on Dec 04, 02:16

XMEN5 sold over 20 million more shares after it reached its limit yesterday and barely went up $2... way less number of shares ten that amount that are being sold/shorted at reset and it drops $3 and falls below its IPO price? It's really gotten to the point where there's absolutely no point rushing out to buy a stock at IPO price cause you're just getting ****ed out of commission by the reset traders who sell/short when they see it ticking down a notch at reset. Either way... if there's enough demand to sell out 60,000,000 shares at IPO price plus another 20 to 30 million on top of that, then a stock's price should show substantial increase and then not tank at reset just because HSX can't figure out how to ****ing set up their exchange with an appropriate volatility where a certain number of shares sold/bought affect price movement consistently. And as I've said it 500 times now.... ONE SHARE BOUGHT OR SOLD SHOULD NOT BE AFFECTING PRICE MOVEMENT... NOT AT RESET, NOT EVER!

HSX really needs to get their **** together re: these IPOS and how volatility affects stock movement TheWeekendWarrior Dec 04, 02:16

Sorry if the above was a bit ranty... the point is: the current IPO system doesn't work, please change it back. TheWeekendWarrior Dec 04, 04:38

Well said WW,...not ranty at all! {nm} GLAMMGUY Dec 04, 09:47

+1. accountant_4_Jesus Dec 04, 22:05

First, it is what it is, so why can't you deal with it? Second, why don't you short them, if it such an obvious trade? {nm} ndmaster Dec 05, 06:40

oops, that was meant for TWW, not A4J. {nm} ndmaster Dec 05, 07:44

FYI, whether the IPO price is frozen or not until reset would not change the direction of first movement after reset. Antibody Dec 05, 10:09

Just to get the facts straight, XMEN5 went up 3 and dropped 2. You don't have to daytrade IPOs. Antibody Dec 05, 10:14

It went up 3 from 25,000,000 shares bought and went down 3 from roughly 3,000,000 or less at reset. {nm} TheWeekendWarrior Dec 05, 12:11

after reset on 1st day it went up 7 cents (.07) on 1.3 mil shares long (total 1.5mil trade) 1st hr and then down $1.5 on 2 mil short/sold JDolphin Dec 05, 15:18

There is logic to the formula. I can't comment on it further or traders can figure out how to game the system. Antibody Dec 05, 15:36

I strongly feel that they already have. Just knowing that one trade may be enough to move a stock makes it very easy to group trade. {nm} TheWeekendWarrior Dec 05, 18:51