Month: October 2010

The Wave

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Everybody knows that retail and institutional investors are usually late to a trade.  When they decide to buy, the wise guys are distributing or selling their shares to them and locking in their gains.  When they sell, the wise guys are accumulating or buying their shares from them, again locking in their gains. How do … Read more

Lunchtime at the Trading Desk

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by LV Several Wall Street investment bank traders munched on their lunch, which was hand-delivered from Delmonico’s directly to their desks.  The topic of discussion du jour was the SEC/CFTC’s report concerning the May 6th flash crash.  Their mood was unsettled, even after pulling down several million dollars earlier in the day through high frequency … Read more