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Strategies & Market Trends : Winter in the Great White North

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To: John Sladek who wrote (613)4/26/2001 3:18:52 PM
From: LeonardSlye  Read Replies (1) of 8273
 
John:
On your question to Marcos about getting free house positions, I think maybe Ed Pakatas (sp?) used to have something on his homepage, but it may have just been block sales, it's been a few years. But IMHO StockWatch does a good job in their Trade Workstation for no extra charge once you're in. If it's helpful, here's a summary I wrote down in my ongoing diary of sorts (gettin' older, gotta write things down).

“Broker Summary by Date Range” can be the starting point. It shows house positions and movements for all brokers who traded in the stock for a changeable period of time. Click on the house to get daily data for the period. The house positions are sorted in descending order by “position” so the houses that have the largest positions are at the top.

In “one broker by date range”:
The relationship between the “position” and “$position” is inverse. The “position” is the number of shares the brokerage is holding at a given time and the “$position” says how much they paid for them. This gives a good idea of what they may consider to be profit worth taking and what they may do to manipulate the stock’s price.

In “individual trades by date”:
It shows, particularly in liquid stocks where the daily 10 trades maximum goes by very quickly, the individual trades for the house for the day. Do they appear to have manipulated the stock during the day’s trading?

I just lifted this from my endless computer scribblings so it may have my errors in perception or logic and does of course have my biases in it (I consider everything the houses do to be manipulation of something or someone somewhere down the line).

BTW Margie, I've noticed that DEN.TO has broken through 15 cents a few times and it looks like it's going through the 4 mil volume today with, on the extremes, Bunting dropping just short of a million a half at .14 with no buys and National Bank picking up about just short of a mil at .14 while dropping about a quarter of it at .15. There's lots of other house action there too...Yeah, I'm watchin'...verrry interesting...

Happy Trades
Lenny
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