What happens is people throw up a stop order...typically they'll stick it at an even number...so in the case:$2.00, $2.10, $2.20, $2.25 etc.These orders are "open" and seen by the Market Maker. He can also see "profit" orders. So he can drive down price up and down to panic and steal shares from weak hands and pass them off. A good MM is playing both sides of fear and greed. No need for a book. This happens all day every day.The Ref said:I do not understand what is going on with this stock. I dont get how a stock can go up 33% in 5 minutes two days in row and retrace back to where it started. There will be a book written on this, someone somewhere is a crook.Random said:HEB getting tattooed, back down to 2.33
hmmm, interesting idea and probably a better route, but unfortunately the trade account i use doesn't allow me to write calls.Just to throw out another idea...Instead of buying the 90 puts...you could write the 100 Calls.This pays you $4.10.With a stock 3 things can happen: it can go up...it can go down or it can stay flat. Buying an option means you must be correct in which way the stock is going to move AND in the timeframe it is going to move. Premium burn (time erosion) is a killer. When you write an option premium burn is your friend. Your breakeven on the 90 puts is $86.25. So unless you think GLD is going far below $86...writing the 100 call will accomplish more.moderated said:buying Sept 90 Puts on GLD.once the general public starts all thinking one way they are usually wrong, so i'll take the other side and bet against gold.
i get the concept (I think), but overpaying by 33% to buy the profit orders puts you out there. That is unless you know the stock has some news (like it's being approved).What happens is people throw up a stop order...typically they'll stick it at an even number...so in the case:$2.00, $2.10, $2.20, $2.25 etc.These orders are "open" and seen by the Market Maker. He can also see "profit" orders. So he can drive down price up and down to panic and steal shares from weak hands and pass them off. A good MM is playing both sides of fear and greed. No need for a book. This happens all day every day.The Ref said:I do not understand what is going on with this stock. I dont get how a stock can go up 33% in 5 minutes two days in row and retrace back to where it started. There will be a book written on this, someone somewhere is a crook.Random said:HEB getting tattooed, back down to 2.33
d'oh!
Oh well. Been holding this for weeks. Another won't hurtSo what now? Its going to be another week? Or could it still be reported after market close?Oh well. Been holding this for weeks. Another won't hurt
Wednesdays aren't the only days they approve or reject. And it can still be reported after hours, all that link showed was what has already been announced today. VNDA was announced after hours.So what now? Its going to be another week? Or could it still be reported after market close?Oh well. Been holding this for weeks. Another won't hurt
Still hold 350 shares though at 5.35 though.No the MM doesn't overpay. He doesn't necessarily have to care..or be invested. He'll run it up as long as he can bring in panic buyers then shake them out as weak sellers. He'll can see the real time support and resistance not as a technical indicator but as in price...and play that game just between the two back and forth all day long. As the MM for HEB this is a great moment...lots of volatility makes him rich. Tonight he's eating prime rib, calling his wife and kids telling them to put in the new swimming pool all the while getting a bj from a $5000 hooker.i get the concept (I think), but overpaying by 33% to buy the profit orders puts you out there. That is unless you know the stock has some news (like it's being approved).What happens is people throw up a stop order...typically they'll stick it at an even number...so in the case:$2.00, $2.10, $2.20, $2.25 etc.These orders are "open" and seen by the Market Maker. He can also see "profit" orders. So he can drive down price up and down to panic and steal shares from weak hands and pass them off. A good MM is playing both sides of fear and greed. No need for a book. This happens all day every day.The Ref said:I do not understand what is going on with this stock. I dont get how a stock can go up 33% in 5 minutes two days in row and retrace back to where it started. There will be a book written on this, someone somewhere is a crook.Random said:HEB getting tattooed, back down to 2.33
Sweet. So how does one become a market maker?No the MM doesn't overpay. He doesn't necessarily have to care..or be invested. He'll run it up as long as he can bring in panic buyers then shake them out as weak sellers. He'll can see the real time support and resistance not as a technical indicator but as in price...and play that game just between the two back and forth all day long. As the MM for HEB this is a great moment...lots of volatility makes him rich. Tonight he's eating prime rib, calling his wife and kids telling them to put in the new swimming pool all the while getting a bj from a $5000 hooker.i get the concept (I think), but overpaying by 33% to buy the profit orders puts you out there. That is unless you know the stock has some news (like it's being approved).What happens is people throw up a stop order...typically they'll stick it at an even number...so in the case:$2.00, $2.10, $2.20, $2.25 etc.These orders are "open" and seen by the Market Maker. He can also see "profit" orders. So he can drive down price up and down to panic and steal shares from weak hands and pass them off. A good MM is playing both sides of fear and greed. No need for a book. This happens all day every day.The Ref said:I do not understand what is going on with this stock. I dont get how a stock can go up 33% in 5 minutes two days in row and retrace back to where it started. There will be a book written on this, someone somewhere is a crook.Random said:HEB getting tattooed, back down to 2.33

It's probably because I had my bankroll ready to pounce at $5.30. You were going to need to get through me to get those shares...lol I am pissed though that I did not load up at 5.31-5.33 as it was becoming obvious that the market was trying to rally.My PRGN order at 5.29 never filled.Still hold 350 shares though at 5.35 though.
have lots and lots and lots of money.Sweet. So how does one become a market maker?![]()
Just mirror DD trades.Sweet. So how does one become a market maker?![]()
Hey DD. Did u stay in KERX? I had to dump to get back in prgn. Woulda liked to stick it out though.Weird day for me, but very happy with how it went. I banked some dollars and have DRYS and PRGN cheap. I am upside down some in DRYS but not worried at all. Actually holding a profit in PRGN. If either go lower tomorrow (and BDI is up), I am adding shares.
I am sticking it out. I only have 2,000 shares. I don't think I will cost average down or anything though as I don't have a clue about this.Hey DD. Did u stay in KERX? I had to dump to get back in prgn. Woulda liked to stick it out though.Weird day for me, but very happy with how it went. I banked some dollars and have DRYS and PRGN cheap. I am upside down some in DRYS but not worried at all. Actually holding a profit in PRGN. If either go lower tomorrow (and BDI is up), I am adding shares.
I think we have had more than that. I have had nearly 30K shares a few times and moderated also is holding at those levels. It is pretty nuts to think how many we do control though....lolI don't have the time right now, but I would love to know how many PRGN shares have changed hands (in total) as a result of this topic. I think we have held as many as 75K shares at one point. Thats 7-8% of average volume.
And every press release will contain a who's hottest pollHostile Takeover! We can rename some of their ships after prominent posters.![]()
And fill one with wheat pennies for storage.And every press release will contain a who's hottest pollHostile Takeover! We can rename some of their ships after prominent posters.![]()
July 14th 2009 Athens - Dry Shipper PRGN exceeded earnings today by.30 per share. Revenues were up due to an increase to the BDI, increased demand for Iron ore in China, Higher then expected worldwide consumption of oil, and general expansion to world trade. Shares were up $1.80 to $8.55 at mid day. PRGN shares suddenly dropped after hours as the new Paragon Chairman of the board, simply known as "Moderated", announced the purchase plan of a brand new Capesize vessel Christened "FBG Doddinator" for $375M in wheat pennies.And fill one with wheat pennies for storage.And every press release will contain a who's hottest pollHostile Takeover! We can rename some of their ships after prominent posters.![]()
$5.40 is a lower level. This is almost as low as their pre-killer earnings report.I am getting pretty frustrated. Happy to see you all making money, but lamenting missing out on the PRGN move. I keep on thinking were due for a pull back here.So, I was short NOC as I mentioned earlier. Then I covered for a decent gain. Then I got short again at 48.75 ish and am sitting on a nice gain. Nothing personal guys...but I cant wait for this market to get hammered so I can join in the PRGN party at lower levels.Still sitting on EMIS, but its not moving around at all.
Well done. I'm kicking myself for not having the smarts/balls to buy back in.AGEN up big again pre-market....Was kicking myself for selling at $2.35 yesterday when it went up to $3.24... i bought back in at $2.55... It's at $3.35 pre-market...![]()
I really hope you're behind me. I had my order in yesterday for 1200 @ 5.25.My stock interface asked me how many shares of PRGN I wanted to buy at $5.25. I could not find the All-U-Can-Eat option.

Fidelity has given me the No-Soup-For-U option.Have a profitable day DDMy stock interface asked me how many shares of PRGN I wanted to buy at $5.25. I could not find the All-U-Can-Eat option.
It was a mirage. It opened higher.Fidelity has given me the No-Soup-For-U option.Have a profitable day DDMy stock interface asked me how many shares of PRGN I wanted to buy at $5.25. I could not find the All-U-Can-Eat option.
It looked to me like 1 trade for 211 shares in pre-market.It was a mirage. It opened higher.Fidelity has given me the No-Soup-For-U option.Have a profitable day DDMy stock interface asked me how many shares of PRGN I wanted to buy at $5.25. I could not find the All-U-Can-Eat option.
Set a sell order at 3.20 for 500 of my 1000 bought at 1.59.HEB 2.65 Pre-Market![]()