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Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more

 
Baltar
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08/01/2012 10:29 AM
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Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
No print story yet. Many stocks gapped down over 10%

NITE the market maker is experiencing 'technical difficulties'

Even ZeroHedge doesn't have a story yet

The news crew at BBR are trying to be cool about it, but right now Knight Capital Group is down over 10%

Knight August 10 puts are up 600%

Developing story....
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Baltar  (OP)

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08/01/2012 10:32 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
No print story yet. Many stocks gapped down over 10%

NITE the market maker is experiencing 'technical difficulties'

Even ZeroHedge doesn't have a story yet

The news crew at BBR are trying to be cool about it, but right now Knight Capital Group is down over 10%

Knight August 10 puts are up 600%

Developing story....
 Quoting: Baltar



Breaking > Big hedge fund closing, returning $2 billion to investors

Says that the lack of liquidity and trading environment making it near impossible to make gains....
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 10:34 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
bump
Baltar  (OP)

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08/01/2012 10:35 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Here, a story on that one

[link to dealbook.nytimes.com]

AUGUST 1, 2012, 10:19 AM

Hedge Fund Titan Plans to Return $2 Billion to Investors


Louis M. Bacon, who together with Paul Tudor Jones and George Soros has come to define this style of high-stakes macro investing for more than 20 years, said in a letter to his investors on Wednesday that he would be giving back $2 billion, about one quarter of the size his benchmark Moore Global Investment fund.

He cited 18 months of what he called “disappointing” investment returns — and a particularly tough second quarter this year when his main fund was down 3.18 percent.

But with senior political figures in Europe favoring summit meetings, bailouts and more austerity as opposed to recognizing losses, making a bet that would move the needle on an $8 billion asset pile became difficult.

“The political involvement is so extreme — we have not seen this since the post-war era,” Mr. Bacon said. “And what they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”

Last Edited by Baltar on 08/01/2012 10:40 AM
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 10:38 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
bump
Anonymous Coward
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08/01/2012 10:41 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
hey somehting is up i know it
zerohedge had an article about yesterdays
strange close and the dumping of the e-mini
contracts and what that would have meant
if it had happened any earlier in the session

over 80% of the tradeing is computer to computer
they're about to go crazy those kooky computers
Baltar  (OP)

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08/01/2012 10:42 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Something very strange going on

Stocks gapping up 10%, gapping down 10%, and no story about this?

This just on ZH:

RT @zerohedge
Broken Market Chronicles: Initial Forensic Visual Evidence Of This Morning's Algo Freak Out [link to DON'T_USE_THIS.com] > $KCG $SPY


Broken Market Chronicles: Initial Forensic Visual Evidence Of This Morning's Algo Freak Out

Submitted by Tyler Durden on 08/01/2012 10:27 -0400

Capital Markets Exchange Traded Fund fixed Louis Bacon NASDAQ Nat Gas New York Stock Exchange


Anyone who has had the displeasure of trading this market since the open will be well aware that the massive selling that started at 3:59:57 PM yesterday just as we showed, appears to have continued into today, after an algo, supposedly one impacting NYSE stocks this time, and proving that the entire market is a broken joke, not just Nasdaq and BATS, and one which is linked to Knight Capital, has continued this morning, sending countless stocks into the proverbial "batshit" formation, with moves of 10% higher and lower for no apparent reason.

That's ok: the SEC and various other regulators are all over it, and will guarantee that the markets "are fixed." In other news, today we will report the latest massive outflow from domestic media funds. In the meantime, here are the first two picture of stocks getting pounded in super slo-mo courtesy of Nanex. Behold "perfectly normal" bids, offers and prints.

This is UNG: probably the most comprehensive way for retail investors to bet on nat gas. Not anymore: the ETF freaked out just as bad as hundreds of individual stocks.
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 10:43 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
just buy volatility i knew that was the play this morning
Anonymous Coward
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08/01/2012 10:45 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
it's funny ticker symbol for knight capital
kgc

kinross gold which has a little crash this morning
kcg

maybe the computers are illiterate
Baltar  (OP)

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08/01/2012 10:46 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
just buy volatility i knew that was the play this morning
 Quoting: Anonymous Coward 3297006


I am recommending:

$GS $95 weekly puts
$EWZ $52 and $50 weekly puts
$FAZ $23 weekly calls
$SPY 133 lotto puts @ .10c

Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart

Risky
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 10:48 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Here, a story on that one

[link to dealbook.nytimes.com]

AUGUST 1, 2012, 10:19 AM

Hedge Fund Titan Plans to Return $2 Billion to Investors


Louis M. Bacon, who together with Paul Tudor Jones and George Soros has come to define this style of high-stakes macro investing for more than 20 years, said in a letter to his investors on Wednesday that he would be giving back $2 billion, about one quarter of the size his benchmark Moore Global Investment fund.

He cited 18 months of what he called “disappointing” investment returns — and a particularly tough second quarter this year when his main fund was down 3.18 percent.

But with senior political figures in Europe favoring summit meetings, bailouts and more austerity as opposed to recognizing losses, making a bet that would move the needle on an $8 billion asset pile became difficult.

“The political involvement is so extreme — we have not seen this since the post-war era,” Mr. Bacon said. “And what they are doing is trying to thwart natural market outcomes. It is amazing how important the decision-making of one person, Angela Merkel, has become to world markets.”
 Quoting: Baltar


THis was just repported on CNBC.
Also said something about..."looking into whipping action at open of the market/strange trading action"........... that is not a direct quote.
Baltar  (OP)

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08/01/2012 10:48 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
it's funny ticker symbol for knight capital
kgc

kinross gold which has a little crash this morning
kcg

maybe the computers are illiterate
 Quoting: Anonymous Coward 3297006


Watch them try and make this go green, but this feels dead wrong

It feels like there is some big news in the wings, which is scaring traders

Not sure what that is, but many charts are seriously overbought on my indicators

May be the Fed disappoints as far as QE, it may be Europe which doesn't carry through on its promise to save Spain and Italy (which they never could do)

I would be in cash and some lotto puts, jmo
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 10:49 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
lulu lemon 4 life byatchezzzzzzzzz

5a
Anonymous Coward
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08/01/2012 10:50 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
this happened at 4 yesterday...still continuing.

[link to www.nanex.net]
Baltar  (OP)

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08/01/2012 10:50 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
I hope they don't pay you for being a glorified bookie!
 Quoting: Anonymous Coward 1369739


lol

ya sure
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Baltar  (OP)

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08/01/2012 10:52 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
this happened at 4 yesterday...still continuing.

[link to www.nanex.net]
 Quoting: Anonymous Coward 20582960


Thats a helluva big twinkie...

The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
In-Situ

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08/01/2012 10:55 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
just buy volatility i knew that was the play this morning
 Quoting: Anonymous Coward 3297006


I am recommending:

$GS $95 weekly puts
$EWZ $52 and $50 weekly puts
$FAZ $23 weekly calls
$SPY 133 lotto puts @ .10c

Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart

Risky
 Quoting: Baltar


Huh... whaaa...?
In-Situ
Baltar  (OP)

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08/01/2012 10:55 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Trading in 148 securities "under review"

Will people who got stopped out by a 10% plunge get their money back?

The casino is experiencing "technical difficulties"

Last Edited by Baltar on 08/01/2012 10:56 AM
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 10:57 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
just buy volatility i knew that was the play this morning
 Quoting: Anonymous Coward 3297006


I am recommending:

$GS $95 weekly puts
$EWZ $52 and $50 weekly puts
$FAZ $23 weekly calls
$SPY 133 lotto puts @ .10c

Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart

Risky
 Quoting: Baltar


No BAC 10/11 Aug 17 puts?
Anonymous Coward
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08/01/2012 10:58 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Trading in 148 securities "under review"

Will people who got stopped out by a 10% plunge get their money back?

The casino is experiencing "technical difficulties"
 Quoting: Baltar


Yup, was just looking at the tickers, no activity going on. Should be interesting to see what it is when it comes back online.
Anonymous Coward
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08/01/2012 10:59 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Trading in 148 securities "under review"

Will people who got stopped out by a 10% plunge get their money back?

The casino is experiencing "technical difficulties"
 Quoting: Baltar


Someone inserted a new algorithm/ high frequency trading software into their ponzi scheme and did not let TPTB in on it.

BUWAHAHAHAHAHAHHAHAHAHAHHAHAHAHAH

Turds!
Anonymous Coward
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08/01/2012 11:00 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
it's funny ticker symbol for knight capital
kgc

kinross gold which has a little crash this morning
kcg

maybe the computers are illiterate
 Quoting: Anonymous Coward 3297006


If life gives you MELONS maybe you are dyslexic.
Anonymous Coward
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08/01/2012 11:02 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Baltar  (OP)

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08/01/2012 11:05 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Trading in 148 securities "under review"

Will people who got stopped out by a 10% plunge get their money back?

The casino is experiencing "technical difficulties"
 Quoting: Baltar


Someone inserted a new algorithm/ high frequency trading software into their ponzi scheme and did not let TPTB in on it.

BUWAHAHAHAHAHAHHAHAHAHAHHAHAHAHAH

Turds!
 Quoting: Anonymous Coward 20812641


^^ I think there is some truth in this ^^
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Anonymous Coward
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08/01/2012 11:06 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
just buy volatility i knew that was the play this morning
 Quoting: Anonymous Coward 3297006


I am recommending:

$GS $95 weekly puts
$EWZ $52 and $50 weekly puts
$FAZ $23 weekly calls
$SPY 133 lotto puts @ .10c

Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart

Risky
 Quoting: Baltar


You EWZ put spread looks pretty tidy from where i'm sitting...
Anonymous Coward
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08/01/2012 11:09 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Is it these E-minis?:

[link to www.youtube.com]
Anonymous Coward
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08/01/2012 11:10 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Per CNBC:

Knight Capital Group shares down %10.
"We are looking into trading issues"

Speculation is:
Possible 'algo' problem
at market open - massive amount of orders,at open
for most stocks.
300 million shares traded by 10 am when usually it is 100 million or under.
weird gyrations in stocks.
Anonymous Coward
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08/01/2012 11:10 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
CNBC reporting on knight capital

the dark Knight falls
Baltar  (OP)

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08/01/2012 11:11 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
just buy volatility i knew that was the play this morning
 Quoting: Anonymous Coward 3297006


I am recommending:

$GS $95 weekly puts
$EWZ $52 and $50 weekly puts
$FAZ $23 weekly calls
$SPY 133 lotto puts @ .10c

Re volatility, I hesitate to recommend $VXX calls, because the VIX esp VXX , like Libor, have been so manipulated to make beleive everything is fine, that VXX will go down even if everything else is falling apart

Risky
 Quoting: Baltar


You EWZ put spread looks pretty tidy from where i'm sitting...
 Quoting: Anonymous Coward 18912621


Im up about 300% on $EWZ puts. They ran up emerging market ETFs on the blah blah BS about the pumping by the fed, ECB

However, China is falling apart, Brazil is way overbought for now. It will go the way of India, and the other emerging market stories which have been the story for the past decade

Nothing against those countries, but everything is cyclical, and nothing goes straight up. It reaches a point you cannot pump more money into a developing economy without triggering massive inflation, which makes their exports uncompetitive, and leads to a loss of the very fundamentals which made it an attractive investment to start with

EWZ, EEM shorts on any overbought RSI chart is as close as you get to an easy trade in this awful market

But unless you have nerves of steel, and are willing to only risk very little and take profits fast, I wouldn't recommend most be in this

It really does feel more and more like we are in the end game for the markets, like the tissue paper holding the machine together is tearing apart

hope I'm wrong
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Baltar  (OP)

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08/01/2012 11:12 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Just noticed this got pinned

Thank you!

hf
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.
~Marcus Aurelius
Cammi

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08/01/2012 11:13 AM
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Re: Breaking: Trading Halts, Market Disorder & Chaos > NITE market maker quotes off by 10% > more
Knight Capital, Dark Knight.....
hi





GLP