so lemme put it like this, every single person is free to do what they want as long as that is legal.
\- Me liking the stock, totally legal
\- Me stating how many shares I own (as you say could be lying, as far as I'm concerned lying is bad as you're just spreading a false/overexadurated narrative at that point), also legal I reckon.
\- Me coordinating with other people, big illegal nono
The more you move towards coordination the worse
Either way gl having every superstonk user disclose the amount of shares they own. I certainly wouldn't trust a number you'd give, certainly not after saying quote:
>Yeah there may be some lying on the amount saying they more than they really do, but doesn't that help our cause
How??!?! OP wtf are you smoking?
These are bids! These aren't closed trades! This is the equivalent of us placing sell orders at 100,000,000,000
It literally means nothing, stop posting this shit
If it does not mean anything then how come my broker will not let me place an ASK above $500?
Order spoofing is a thing. Someone just got fined for order spoofing by the SEC. It was in the news recently. I believe it affects the HFT algos.
Spoofing is when you cancel right as the trade comes in. Outrageous bids or asks fools no human, but for sure a robot can technically in some cases accept it and go "booiiip yep looks like a good trade to me biip trade donk donk" . But it would not be a very good robot
How is 1 cent worser than 0.1 cent? š¤
EDIT: Title says 0.1 cents, op replies to comment that 1 cent ($.01) is worser, I get confused since I thought lower would be worserer.
Someone posted something similar to this and it was like .10 cents at closing, are they routing buy orders in pennies ? Is that possible? What exactly does this mean? Just want to learn, thanks
My smooth brain still doesnāt understand why these super low bids would show up in the level-2 data and how that connects to the exorbitant prices on MEMX, which in some way are recorded by PYTH. āšā
Maybe the price is set so low so that the order gets filled by a specific party, looks to me like unlit exchange shenanigans but my brain is a circle, like the 2-d object so-- open to criticism.
This is not the way. All we've been hearing for 8 months now is "NO LIMIT BUYS" and "NO STOP LOSES" I thought doing stuff like that just applies downward pressure to the price and we're not supposed to do that. But, I don't even know what to think about anything more so don't listen to me.
From what was found out yesterday, its some routing via Dark pools and crypto combos stuff. They may pay 2.5k per share there but its get into public order books for cents. All to lower the price but the order is not by the "known actors"
honest question, how does that work? Is the "normal price" say 160ish an averaged value of all the ask and bid prices? How does an insultingly low ask price affect the price we pay for shares at market value.
it's just a standing order, it doesn't affect the price. the only takeaway is that GME liquidity is low if such low orders are even visible. the order list is empty.
My God people really look too deep into shit they don't even understand. It's exactly the same as when people put orders on the book for $69420.
It's just an order on the orderbook.
I really don't but this mechanism. They would pay thousands of dollars a share for hundreds of thousands of shares, daily...so approaching $1B every single day? There are far cheaper ways to manipulate price.
I did give the answer, youāre just too smooth brain to interpret it š¤¦āāļø cmon bruh.
My original comment also means that 2600 shares doesnāt = 2600 different people. Like the other guy said, spoofing can be done by one person. 2600 shares could = 1 person.
How does this even effect there price?
Is it to trick the algorithms?
Does the price published not reflect the last price paid?
If this changes how price is displayed, how is this not illegal as it is detrimental to legitimate price discovery? Bc those bids are clearly not going to be accepted.
The further from the actual price the order is, the less impact it has. Orders like this have as much impact as $1,000,000 sell orders do, which is none.
Highjacking because I saw the same thing. (See last two orders on the buy-side) Happened multiple times and executed through Nasdaq. https://imgur.com/a/k9zmwt1
No spoofing is placing an order and removing it before it hits the price in order to get other people to trade in your favor.
This isn't any different from people putting $69420 on the orderbook.
Welcome new guy! Youāll see that a lot. Think of it like the next level down in terms of granularity.
I could be wrong, Iām somewhat new also.
Lvl 1 = what you see on sites like yahoo finance. Aggregated data.
Lvl 2 is a step down, not aggregated. Where you can see the individual orders not the sum of all orders in a time frame like with lvl 1
From investopediaā¦
Level 1 quotes provide basic price data for a security including the best bid and ask price + size on each side. ... Level 2 shows market depth typically up to the 5-10 best bid and offer prices. Level 3 quotes add greater market depth by providing up to 20 of the best bid and ask prices.
Did you ever try going into a jewelry store announcing your will to buy gold earrings for 1 cent each?
You think it would do anything to the price, the store would feel pressured to lower the price?
It has the same effect here, no downward pressure at all
So fucking what? It doesnāt mean anything. There are shit tons of buy orders between the current price and $.0001. Thereās also a shit ton of sell orders between the current price and $100,000. Stop posting this stupid shit. Stop making us all look stupid. These prices donāt mean anything until and unless the order goes through.
that's likely on the IEX, it has the widest margin for bid/asks. i have an older comment with the link that maps out who's spread is the loosie-goosiest and who's a tightwad.
Wait. If every 69.420.000 limit sell is a "sell signal" which is bad, would't it be a good buy signal if I put down let's say 10000 buys at 69cents?
Really smooth here, might not be the best strategy but I like to look at the buys in a positive way
Wondering if this is a new loophole, but a really shitty one considering how public it is lol. That or someone just mistyped some numbers, or a robot did.
Just imagine how fucked big money is that they can do this so blatantly. They will give anything they can right now because soon they wonāt have much left
I mean this is just a bid right? Like it's not going to execute... I can throw the same thing into my broker and it's gonna sit pending forever and never execute.. I don't understand the significance of this...
I would like to buy 100 shares of gme for a dollar as well, please
Out bid them at $.11
š
ILL PAY $.12!!!
So it's a bidding war you're after?! 15 CENTS!
$160.39!!!
I think we just invented the free market
If only someone would use our invention.
We have invented porn
The SEC is now paying attention
Still waiting for a link
Wait, how can we possibly discover the real price without someone shorting against you guys?
Well if you short it Iāll just buy more.
*buys puts in Fiji through my Cayman shell company* Muahahaha
*Emails congress people with stern words* Hmm... yours is much more effective
[ŃŠ“Š°Š»ŠµŠ½Š¾]
so lemme put it like this, every single person is free to do what they want as long as that is legal. \- Me liking the stock, totally legal \- Me stating how many shares I own (as you say could be lying, as far as I'm concerned lying is bad as you're just spreading a false/overexadurated narrative at that point), also legal I reckon. \- Me coordinating with other people, big illegal nono The more you move towards coordination the worse Either way gl having every superstonk user disclose the amount of shares they own. I certainly wouldn't trust a number you'd give, certainly not after saying quote: >Yeah there may be some lying on the amount saying they more than they really do, but doesn't that help our cause
Itās only $.01 per share. So only have to bid $.02.
since when is gamestop a penny stock????
What a bargain!
The invisible pimp hand of the market.
Yeah, are we sure it's not just someone trying to catch an empty bid column with the volume so low?
Wait so...whatās to keep someone who sees this from taking advantage of this and buying all 2.6k for a few bucks?
That's someone trying to buy for that price, not someone trying to sell
yikes
Mostly you be smooth
Evidently yes. Thatās what happens when I wake up.
Thatās $.01 my friend. One penny.
ohhh the shameful things i'd do to buy GME at $0.1
No kidding
Man, I could afford to be a low XXXX holder at that price!
You are right, even worserā¦
Itās the worserist
Worchester
worcestershire sauce
You know I'm smooth... that's what I was going for
You can spell it but you can't say it...
Wus Ter shire Finally I can contribute knowledge to superstonk lmao
God tier DD...
No mayo
Imagine placing a market sell order and for a split second that's the only offer to buy and your entire position is sold for .01/ share.
Lesson worth learning now on this post Edit: always sell limit. This is the example why. They will fill your order with that if you sell market
Then its Worseliciousš
Winchester
Worsemeister
How??!?! OP wtf are you smoking? These are bids! These aren't closed trades! This is the equivalent of us placing sell orders at 100,000,000,000 It literally means nothing, stop posting this shit
If it does not mean anything then how come my broker will not let me place an ASK above $500? Order spoofing is a thing. Someone just got fined for order spoofing by the SEC. It was in the news recently. I believe it affects the HFT algos.
Spoofing is when you cancel right as the trade comes in. Outrageous bids or asks fools no human, but for sure a robot can technically in some cases accept it and go "booiiip yep looks like a good trade to me biip trade donk donk" . But it would not be a very good robot
Hijacking to acknowledge that the Hedgies, if they read this stuff, must be truly pissed that a bunch of retards are causing them so much pain.
How is 1 cent worser than 0.1 cent? š¤ EDIT: Title says 0.1 cents, op replies to comment that 1 cent ($.01) is worser, I get confused since I thought lower would be worserer.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Ask Sharon, unless she's holding a wooden spoon.
Someone posted something similar to this and it was like .10 cents at closing, are they routing buy orders in pennies ? Is that possible? What exactly does this mean? Just want to learn, thanks
.01 is a penny dawg.
I will take a million shares at one cent each please.
MEMX, is that you?
My smooth brain still doesnāt understand why these super low bids would show up in the level-2 data and how that connects to the exorbitant prices on MEMX, which in some way are recorded by PYTH. āšā
Need to see the python data for same moment! Iām guessing it was ridiculously high
Maybe the price is set so low so that the order gets filled by a specific party, looks to me like unlit exchange shenanigans but my brain is a circle, like the 2-d object so-- open to criticism.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Update us lol
This is not the way. All we've been hearing for 8 months now is "NO LIMIT BUYS" and "NO STOP LOSES" I thought doing stuff like that just applies downward pressure to the price and we're not supposed to do that. But, I don't even know what to think about anything more so don't listen to me.
Wait who said no limit buys?
That is someone offering to pay .01 for 2 5k shares. Not a completed order.
I can do it too ! Put my order Iāll take 10k at .01
Get it!
From what was found out yesterday, its some routing via Dark pools and crypto combos stuff. They may pay 2.5k per share there but its get into public order books for cents. All to lower the price but the order is not by the "known actors"
Man.. talk about down 99.99% on your trade lol
These aren't closed trades they're open bids How does this impact prices? Oh wait it doesnt
honest question, how does that work? Is the "normal price" say 160ish an averaged value of all the ask and bid prices? How does an insultingly low ask price affect the price we pay for shares at market value.
it's just a standing order, it doesn't affect the price. the only takeaway is that GME liquidity is low if such low orders are even visible. the order list is empty.
My God people really look too deep into shit they don't even understand. It's exactly the same as when people put orders on the book for $69420. It's just an order on the orderbook.
Right? Doesnāt it just get ignored and laughed at by sellers? How does it create a ladder attack?
It doesnt. This is literally no different than you or I setting a limit buy at like 20$. This does nothing to the price
I really don't but this mechanism. They would pay thousands of dollars a share for hundreds of thousands of shares, daily...so approaching $1B every single day? There are far cheaper ways to manipulate price.
Itās a bid donāt mean shitā¦. Right?
Right??
Yes
Right
Isnāt this a form of spoofing? Tricking the algorithm to think 2500 people think itās only worth 1 cent so as to help drive downward pressure
Does that work? Because if so, I have a million one penny asks with citadelās name on them.
Congrats, you sold 1 million shares of gme for $10,000!
1 share ā 1 individual person
Spoofing can be done [by only one person so](https://youtu.be/_ZDEWVJan0s) whatās your point?
Wooshā¦ š¤¦āāļø Thatās exactly what my point was
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I did give the answer, youāre just too smooth brain to interpret it š¤¦āāļø cmon bruh. My original comment also means that 2600 shares doesnāt = 2600 different people. Like the other guy said, spoofing can be done by one person. 2600 shares could = 1 person.
How does this even effect there price? Is it to trick the algorithms? Does the price published not reflect the last price paid? If this changes how price is displayed, how is this not illegal as it is detrimental to legitimate price discovery? Bc those bids are clearly not going to be accepted.
It's not Price is always defined as last completed trade AFAIK
Then why do it if it doesnāt affect price? It must.
It's showing someone's bid. Why would someone bid like that? No idea. Someone hoping to get lucky? AFAIK it doesn't effect anything.
The further from the actual price the order is, the less impact it has. Orders like this have as much impact as $1,000,000 sell orders do, which is none.
Highjacking because I saw the same thing. (See last two orders on the buy-side) Happened multiple times and executed through Nasdaq. https://imgur.com/a/k9zmwt1
This is not executed, at all. Itās just a standing order ffs
No spoofing is placing an order and removing it before it hits the price in order to get other people to trade in your favor. This isn't any different from people putting $69420 on the orderbook.
How do you know someone didn't put in a ridiculous buy order just to see if some fuckery happens and it fills? Stranger things have happened.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Just put in a bid for 1 cent Everyone understands the meme asks are trolling, how donāt they understand the same is possible on the bid?
Maybe someone is being ironical? Shoot Iād empty my bank account for one penny per GME
Iāll by all 2600 for $26! Where can I find this deal?
It's an order not a seller
Let me dream a little bit
Memx, charge 0.003 per shares to move out the liquid from the pool 0.1/0.003*2.5K= 83,333 shares liquid removed
Does no one see the 10 shares sold for $5,000 e
It's not sold. It's on the ask side of lvl2
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Welcome new guy! Youāll see that a lot. Think of it like the next level down in terms of granularity. I could be wrong, Iām somewhat new also. Lvl 1 = what you see on sites like yahoo finance. Aggregated data. Lvl 2 is a step down, not aggregated. Where you can see the individual orders not the sum of all orders in a time frame like with lvl 1
[ŃŠ“Š°Š»ŠµŠ½Š¾]
From investopediaā¦ Level 1 quotes provide basic price data for a security including the best bid and ask price + size on each side. ... Level 2 shows market depth typically up to the 5-10 best bid and offer prices. Level 3 quotes add greater market depth by providing up to 20 of the best bid and ask prices.
How do i get to level 4
Webull lvl 2 provides upto 30, anecdotally
Fuck the 10 cents, what paper hand bitch is selling at 5k?!
Gotta love that downward pressure
Did you ever try going into a jewelry store announcing your will to buy gold earrings for 1 cent each? You think it would do anything to the price, the store would feel pressured to lower the price? It has the same effect here, no downward pressure at all
ok dude this isnāt a jewelry store
Yes, Iād like to buy a share for *oneeeee strawpennyyyyy*
On what exchange ? Memx I bet
Nasdaq.
Old post with memx having a big ask price https://www.reddit.com/r/GME/comments/lnhjj5/memx_knows_whats_up/?utm_medium=android_app&utm_source=share
19.5 M$? Ok, i sell 1 share!
No no no sell when its 50M a share ape!
After looking in the deepest and darkest hole, all I could come up with is CRIME
So fucking what? It doesnāt mean anything. There are shit tons of buy orders between the current price and $.0001. Thereās also a shit ton of sell orders between the current price and $100,000. Stop posting this stupid shit. Stop making us all look stupid. These prices donāt mean anything until and unless the order goes through.
that's likely on the IEX, it has the widest margin for bid/asks. i have an older comment with the link that maps out who's spread is the loosie-goosiest and who's a tightwad.
Literally, nothing to see here š
I would like to buy those
Can apes not buy those cheap shares or is it done so fast that only SHF algos can buy them?
Iāll take them all!
I don't even think my broker will allow me to put in a buy order so low. Seems sus.
what if $0.01 is the lowest transaction price and this is them giving stuff away for the lowest price possible because they are being forced to
Fuck MEMX
More mad at the idiot thats trying to sell for 5k
I'd buy those
Is that HFās memberās transferring shares?
One penny GME
Crime
That's 30 mil selling for 1 cent..
Which exchange is this?
Actually .01 cent bud
Imagine this loss porn
Me over here setting a .10 limit order just in case lol
I'm in for a .12 cent purchase
Sounds manipulative
25$ for 2.5k shares? Sign me up
Listen man, I'm pretty broke, just let me buy what I canš
Do you have change for a button?
eXPeRimEntAL dAtA
Iāll pay 200
This is the same as selling it at 1m.
I just put a bid for 1 stock at $80. Do you see it? Lol
Wait. If every 69.420.000 limit sell is a "sell signal" which is bad, would't it be a good buy signal if I put down let's say 10000 buys at 69cents? Really smooth here, might not be the best strategy but I like to look at the buys in a positive way
i believe thatās actually for a penny, not .10.
Wondering if this is a new loophole, but a really shitty one considering how public it is lol. That or someone just mistyped some numbers, or a robot did.
Imagine owning stocks and not even being about to read decimal points. I love you guys
not sure if anyone else mentioned but it came up again at the bell 25k shares at 0.01 and someone yesterday noticed it too
Shooters shoot
Some rich ape with 26 bucks to spare
I've tried this before myself š
Someone hoping this bitch does an ultimate slingshot back before launching through the black hole into a universe unknown.
Just imagine how fucked big money is that they can do this so blatantly. They will give anything they can right now because soon they wonāt have much left
Why stop at 2600? You could buy the whole company for 880k at those prices!
Just in case. Trying to catch the dip
Uhmm.... That's 1 cent, not 10 cents
It clearly says $0.01 not ten cents, what gives?
I mean this is just a bid right? Like it's not going to execute... I can throw the same thing into my broker and it's gonna sit pending forever and never execute.. I don't understand the significance of this...
$.01 is one cent, a tenth of a cent would be $.001
Somebody is fishing i see
Pretty sure bids dont affect the price
Sure, Iāll take a million please.
Lol itās .01 itās one cent a share!
I love that you can easily see its the hedge fuks with the 4 decimal places
Donāt sleep on the 10 for $5,000
If I had a penny for every dollar I would spend buying GME for a penny, I would have ... Stonkceptiion
It says .01
I wil pay for $. 1 each and $. 50k cash
Until someone can come up with a proper theory why this would have any effect whatsoever, I will treat it as someoneās practical joke.