Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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why algo trading should be banned!!!
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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Knight Algo Nightmare Dents Market as Trader Sounds Alarm
By Inyoung Hwang, Julia Leite and Lu Wang - Aug 2, 2012 .
As computer errors at one of the largest U.S. market makers sent stocks swinging as much as 151 percent, Joseph Cangemi, a broker at ConvergEx Group, acted like a driver approaching a car crash. He slowed down.
“You have to put on your extra-sensitivity helmets and look for every possible bit of information to make prudent decisions,” said Cangemi, the head of equity sales and trading at the New York-based firm. “We were in a heightened state of alarm and we’re actually still in a heightened state of alarm.”
The New York Stock Exchange reviewed trading in 140 stocks from Molycorp Inc. to AT&T Inc. (T) yesterday as the market’s open was rocked. Shares of Knight Capital Group Inc. (KCG), whose algorithms help execute about $20 billion of trades on an average day, tumbled the most ever on speculation it was responsible. Trades that occurred during the height of the volatility were canceled in six securities.
While almost all stock transactions in the U.S. used to be handled by three exchanges, regulations to increase competition and reduce costs have fragmented markets across about 50 different venues, raising concerns about integrity when the computers that increasingly dominate trading malfunction. For some investors, yesterday’s disruptions were a reminder that the issues raised in May 2010 when the so-called flash crash briefly wiped out $862 billion from U.S. equities have yet to be solved.
‘Spilled Coffee’
“Everyone’s scratching their heads and going, ‘OK, well, who spilled coffee on the computer again?’” Peter Sorrentino, who helps oversee $14.7 billion as a senior money manager at Huntington Asset Advisors in Cincinnati, said in a phone interview. “After the flash crash, anytime you see something like this, you definitely pause.”
Yesterday’s swings were caused by a malfunction in a so- called trading algorithm, according to a person at Knight who asked to remain anonymous because the matter hasn’t been publicized. The Securities and Exchange Commission and Commodity Futures Trading Commission blamed a broker’s algorithm for setting into motion the events that caused the market crash in May 2010.
Among the stocks that were reviewed by the NYSE were nine members of the Dow Jones Industrial Average (INDU), companies with almost $1 trillion in combined market value. They included Alcoa Inc., American Express Co. (AXP), Bank of America Corp. (BAC) and AT&T.
Stock Swings
Instant messaging systems used by traders were full of messages saying “What the heck, what’s going on, there’s no news, I’m not aware of any news, dig into this, has anybody heard anything?” said Brian Barish, who oversees $7 billion as president and chief investment officer at Denver-based Cambiar Investors LLC.
As the stock swings mounted with Dole Food Co. rising as much as 15 percent and Harley-Davidson Inc. falling as much as 12 percent, Knight advised clients to route orders elsewhere. The issue was confined to its market-making unit and its other operations were unaffected, the company said.
Trades that occurred 30 percent above or below the opening price in Wizard Software Corp., China Cord Blood Corp. (CO), Reaves Utility Income Fund, E-House China Holdings Ltd., American Reprographics Co. and Quicksilver Resources Inc. will be voided, according to a statement on the NYSE website.
Knight’s technical issue came less than two weeks after investors in three of the biggest Dow stocks were whipsawed by price swings that repeated every hour, fueling speculation the moves were a consequence of computerized trading. The cause of that incident hasn’t yet been determined.
Facebook IPO
The fluctuations also follow the Facebook Inc. initial public offering in May, when Nasdaq OMX Group Inc. botched the opening auction of the social network’s shares. That came two months after the withdrawal by Bats Global Markets Inc. of its IPO when the market company couldn’t get its own stock to trade on its exchange.
“It’s like technology out of control,” Kenneth Polcari, managing director at ICAP Plc’s equities unit and a floor trader at the New York Stock Exchange, said in a telephone interview. “How many times have we seen this? We saw it happen on Nasdaq with Facebook. We’ve seen it happen in other technology platforms. What’s frustrating about this is that the business has become so automated and electronic that in certain times, you don’t feel like you have control.”
Nasdaq Critic
Thomas Joyce, Knight’s chief executive officer, was among the most vocal critics of the Nasdaq Stock Market for its mishandling of the Facebook IPO. His firm lost $35.4 million in trading related to the May 18 debut.
“Their technology failed and then there were a series of decisions made after the technology failed that were unfortunate,” Joyce said in a July 19 interview on Bloomberg Television. “That organization will learn from what happened that day and I have no doubt will improve upon it.”
He was unavailable to comment yesterday, according to spokeswoman Kara Fitzsimmons.
Stock traders on desks during the so-called flash crash two years ago said that while they were reminded of the incident yesterday, the scope of the issue was not as great as when the Dow slid as much as 998.5 points on May 6, 2010.
“This is the flash crash of the week,” Doug Roberts, chief investment strategist for Shrewsbury, New Jersey-based Channel Capital Research, said in a telephone interview. “This is saying that we haven’t really fixed a lot of our problems. We haven’t really dealt with them, and they’re not going to disappear. The fundamental underpinnings are still a problem. It could definitely happen again.”
Fund Outflows
The disruptions may discourage investors who pulled $135 billion from U.S. stock mutual funds last year, the highest total after 2008. Share volume on American equity venues has fallen 13 percent this year amid rising volatility and concern the global recovery is slowing.
At least five stocks were halted on the NYSE by so-called circuit breakers during the first 35 minutes of trading, according to data compiled by Bloomberg. China Cord Blood Corp., a stem-cell services company with a market value of $177.7 million, surged as much as 151 percent and was paused at 10:04 a.m. in New York. Some of the trades were later canceled. Molycorp Inc. (MCP), which produces rare-earth minerals, was halted at 9:53 a.m. after losing 18 percent.
The volatility curbs stop trading in a stock when a company’s shares move 10 percent in five minutes. The circuit breakers, as well as requirements that market makers supply quotes closer to the best available prices and a uniform system across exchanges for canceling errant transactions, are a legacy of the 2010 flash crash.
“That was marketwide, that was huge volume, that was massive, and that was a lot of money on the move,” Sorrentino at Huntington Advisors said of the 2010 event. “This morning it was money but it wasn’t akin to that. Everybody put their fears of Mayan prophecies aside and just said, ’This looks weird.’”
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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