The Babe's Trades

[billyjoe]

In other words, 10,000 shares at .0384 wouldn't hold up as a valid trade. Maybe a few cents but not a 99% difference.

-----------billy

[riverbabe]

Not even going to try to interpret this...

Rule 611 of SEC Regulation NMS

Overview:

Executions in equities will sometimes be listed as R6, which is short for Rule 611 of SEC Regulation NMS. This condition code indicates that the execution(s) in question is not subject to trade-through rules. R6 trades are given an SEC exemption.

Rule 611, which is the Trade Through Exemption of SEC Regulation NMS, is very lengthy to cover in detail. Parties interested in reading the rule in its entirely should type "SEC Rule 611" into an internet search engine. This is the portion of the document that is pertinent to IB traders, in a nutshell:

Typically the trades involved are a multi-component trade involving orders for a security and a related derivative, or, in the alternative, orders for related securities, that are executed at or near the same time. The SIA (Securities Industry Association) notes that the economics of a contingent trade are based on the relationship between the prices of the security and the related derivative or security, and that the execution of one order is contingent upon the execution of the other order.

The bottom line is that when a trade is ruled R6 the SEC has granted a trade-through exemption. This means that these execution reports do not affect the resting orders in-between the market at the time, and the R6 execution. For example, the real market is quoting 10.50 at 10.51, and an execution is reported at 10.90. This execution was given an R6 exemption. A sell limit order at 10.75 would not be executed because the 10.90 execution was given an R6 status.

[billyjoe]

River,
Is it really possible BATS .138 ? I personally hold no grudge agin them for a bad AAPL trade. This makes me think twice about the Facebook IPO.

-------------billy

[riverbabe]

this is kind of exciting BATS halted.

Streetinsider.com@Street_Insider

BYX Exchange has declared self-help against BATS BZX per Rule 611 of Regulation NMS.Routing to BATS BZX has been suspended as of 11:07:04 $$

[riverbabe]

Level II showing ask at 0.13. Heck order in for 10,000 X 2. And 2 more for 0.05

[riverbabe]

Bats

Streetinsider.com@Street_Insider

Apparently the IPO for BATS $BATS opened at $15.25, but quotes are hard to come by and some systems are showing trades at $0.038 $$

[riverbabe]

is this the answer?

Streetinsider.com@Street_Insider

On no. $BATS blamed for bad $AAPL trade and halt. BATS coming public in a few minutes. http://stks.co/32l6

http://www.streetinsider.com/Insiders+Blog/Apple+(AAPL)+Halted+Briefly+On+Bad+Trade/7292523.html

[billyjoe]

River,
At 11:13 I still see no trades. Looks like you got a heck of a bargain. The market rarely giveth like that.

--------------billy

[riverbabe]

Bats

Now here's a first! (for me anyway) How did this happen??
BATS priced its IPO yesterday at 16.00. It hasn't yet begun trading on the open market. I placed two orders before the open today at 16.97. Both just filled at 15.25! Does this mean it's undersubscribed at 16? What hidden market did I buy this on? Any ideas?

[Deaddog]

No more oinks. Sold AMRN @ 11.94 for another 14+% in 3 trading days, a quick $5,000+

Gotta love it when the markets wants to fill your pockets.

[riverbabe]

Duh! '598 patent app. allowed. Of course, it's "count Tuesday" at the PTO! The once a month the individual Examiners tally up the total action "counts" against budget and hope for bonuses! This Examiner allowed the patent app. today to boost his "count." Neat.

Speaking of BONUS, AMRN up 14% on the news! Have a sell order in at 12.45. Currently 11.93 (+14% from where I bot it late Fri).

No more oinks. Sold AMRN @ 11.94 for another 14+% in 3 trading days, a quick $5,000+

[riverbabe]

Amrn

Duh! '598 patent app. allowed. Of course, it's "count Tuesday" at the PTO! The once a month the individual Examiners tally up the total action "counts" against budget and hope for bonuses! This Examiner allowed the patent app. today to boost his "count." Neat.

Speaking of BONUS, AMRN up 14% on the news! Have a sell order in at 12.45. Currently 11.93 (+14% from where I bot it late Fri).

[riverbabe]

23aloha@23aloha

Up 49.62% in past 5 days RT @BioStocks $AMRN $11

11m

Bio Stocks@BioStocks
$AMRN vol ... 1.5M in 10 mins

12m

Lorin McCleary@LDMcCleary
$AMRN running again today.

[riverbabe]

Well good luck with that sweetie;
Was there something in the price action that caused you to change your mind or was it that ole female prerogative?

Dog, I was locking in profits. This thing is going to continue to go up a few more days, I think. The premarket bid is currently 10.80. If they see allowance of the patent app '598, that is expected momentarily, that is good news for possible takeover. PFE's Lipitor is a wash now, the Amarin fish-oil AMR-101 could be a blockbuster because it lowers cholesterol but also lowers triglycerides, which Lipitor doesn't do. These stocks are always a crap shoot. But I lost a lot on AMRN in 2011 that I would like to begin to get back.


Tweets Top / All
5m

Mike@kingmike423
Canacard reiterates $25 PT on $AMRN

27m

Blink@BlinkX90
$AMRN I dont see patent updates yet, but they want in this am bad

2h

Sport234a2b@Sport234a
$AMRN will today be the day to see the allowance notice for patent application -598? getting real close, and will not surprise me one bit.

[Deaddog]

just greed honey...

Well good luck with that sweetie;
Was there something in the price action that caused you to change your mind or was it that ole female prerogative?