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Sanman
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Post Number: 4702
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Posted on Thursday, October 20, 2011 - 03:53 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bar_and_ha_cub:

Insider Trading is a Victim Less Crime


ok. but don't try it.
After shooting the two, the actor said he lost consciousness and could not recall the events that took place before he landed up at Care Hospital
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Bar_and_ha_cub
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Post Number: 123
Registered: 09-2011
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Posted on Thursday, October 20, 2011 - 03:23 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Sanman:

one or two lines lo nee point cheppu,this is going nowhere




Insider Trading is a Victim Less Crime
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Sanman
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Posted on Wednesday, October 19, 2011 - 06:45 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bar_and_ha_cub:


Ori Nayano !! Wash Trade is NOT a possibility without Extra Ordinary volume, and thus disproving your ONE EXTRA TRADE/ONE EXTRA PLAYER distorting the price theory, which I think was your argument to show the up tick buyers on that particular day(when Insiders traded)


so your stand is that one extra player does not effect the stock price while you know that each player in the market could be that one extra player. don't know what to say to that

Bar_and_ha_cub:

Ippudu cheppu, what's up with After Hour trading, Cancelled Trades? How does an Order effect these transactions/Price? Discuss cheddam


thats what i am saying. you showed one anomaly to the statement i made and trying to say - because it is not a universal rule lets throw all rules out of the window. i am saying look at the meaning behind it. i myself showed you more anomalies. doesn't mean price does not depend on trading volume and presence of an extra player driving up the price

one or two lines lo nee point cheppu. this is going nowhere
After shooting the two, the actor said he lost consciousness and could not recall the events that took place before he landed up at Care Hospital
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Bar_and_ha_cub
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Post Number: 121
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Posted on Wednesday, October 19, 2011 - 03:55 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Sanman:

ok...how does your wash trade analogy disprove that insider trading affects the market ? if you want more anomalies for the statement i made i can give you myself. after hours trading, cancelled trades, taking both positions at the same time etc
still doesn't make insider trading victim less




Ori Nayano !! Wash Trade is NOT a possibility without Extra Ordinary volume, and thus disproving your ONE EXTRA TRADE/ONE EXTRA PLAYER distorting the price theory, which I think was your argument to show the up tick buyers on that particular day(when Insiders traded) as victims. Agree - at least for Market Orders?

Ippudu cheppu, what's up with After Hour trading, Cancelled Trades? How does an Order effect these transactions/Price? Discuss cheddam


Sanman:

idhi elaa undhi ante excavations lo phone cables dorakaledhu kabatti romans wireless phones vaadaaru annattundhi. let me rephrase it - each serious trade - small or big - affects the price




You are distorting my logic, excavations lo phone cables dorakaledhu kabatti .. Phone cables levu antunna, absolutely no inferences.

And moreover, excavations impossible antunna, even after this much of advancement in technology nobody can simulate real market conditions, if somebody can do that he will be the richest man on the surface of the earth - Pick a low price stock trading with tight spread - BUY bump the price up and SELL make a profit, which is not possible on actively traded stocks without unusual volume.
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Mental_sachinodu
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Posted on Tuesday, October 18, 2011 - 06:08 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

meeridharu oke issue discuss sethunaara ani naa quechen..

okari post sathivi inkori post sathuvuthunte, rentiki link enti ani ardham kaatle...


continue avvandi.. emavuthadhoo soodham
the world of appearances may or may not be real, or both may and may not be real - or may be indescribable; or may be real and indescribable, or unreal and indescribable; or in the end may be read and unreal and indescribable - its all Syadvada
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Sanman
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Posted on Tuesday, October 18, 2011 - 05:57 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bar_and_ha_cub:

we are talking whether Insider trading is a Victim less one.


ok...how does your wash trade analogy disprove that insider trading affects the market ? if you want more anomalies for the statement i made i can give you myself. after hours trading, cancelled trades, taking both positions at the same time etc
still doesn't make insider trading victim less

Bar_and_ha_cub:

as we know that our volume(though very small) will push the price up.


idhi elaa undhi ante excavations lo phone cables dorakaledhu kabatti romans wireless phones vaadaaru annattundhi. let me rephrase it - each serious trade - small or big - affects the price

Bar_and_ha_cub:

I dont think transaction cost matter that much,for a day/arbitrage/Program/Black Box trader's trading costs are very minimal.




Sanman:

if there is no practical time and price difference you negated the effect you created.



After shooting the two, the actor said he lost consciousness and could not recall the events that took place before he landed up at Care Hospital
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Bar_and_ha_cub
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Post Number: 120
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Posted on Tuesday, October 18, 2011 - 05:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Sanman:

you are talking about a round trade that had no practical time or price implications. if you are trying to show an anomaly in my statement then you are right. but it has got nothing to do with RR did.




I think we are NOT discussing about what RR did, we are talking whether Insider trading is a Victim less one. For which, you came up with an Uptick BUYER analogy and stated that ONE TRADE will effect the Price - Which I disagree with and hence the longest post in this DB in recent times


Sanman:

no its not. arbitrage requires a price difference. plus you cant establish a classic case putting aside some key factors (trading costs in this case)




Yes,You need price discrepancy for arbitrage, but as per you we are creating an Arbitrage opportunity -- as we know that our volume(though very small) will push the price up.

I dont think transaction cost matter that much,for a day/arbitrage/Program/Black Box trader's trading costs are very minimal.
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Sanman
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Posted on Tuesday, October 18, 2011 - 05:30 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bar_and_ha_cub:

1) Trades happen in Seconds


you are talking about a round trade that had no practical time or price implications. if you are trying to show an anomaly in my statement then you are right. but it has got nothing to do with RR did.

Bar_and_ha_cub:

Classic example of Arbitrage.


no its not. arbitrage requires a price difference. plus you cant establish a classic case putting aside some key factors (trading costs in this case)
After shooting the two, the actor said he lost consciousness and could not recall the events that took place before he landed up at Care Hospital
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Bar_and_ha_cub
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Post Number: 119
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Posted on Tuesday, October 18, 2011 - 05:20 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Sanman:

no. if there is no practical time and price difference you negated the effect you created. if you didnt sell the 100 shares then you affected the market price




I think you got me wrong, as per you :

1) Trades happen in Seconds
2) EVEN ONE STOCK will impact the Price.

Give these circumstances -- I BUY 100 Shares of a stock trading with Tight spread, as per you I bump the price up, right ?? So I SELL those 100 SHARES in Seconds, if possible Milli Seconds. And these tranactions are called WASH TRADES, which should hold well as per your theory.

Classic example of Arbitrage.
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Sanman
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Posted on Tuesday, October 18, 2011 - 05:07 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

ok correct me if i identified the wrong part as the core of your question

Bar_and_ha_cub:

I BUY 100 share and SELL 100(forget about Transaction costs for now) with in matter of milli second, as per you the Shares I bought should push the price up right??


no. if there is no practical time and price difference you negated the effect you created. if you didnt sell the 100 shares then you affected the market price
After shooting the two, the actor said he lost consciousness and could not recall the events that took place before he landed up at Care Hospital
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Bar_and_ha_cub
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Username: Bar_and_ha_cub

Post Number: 118
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Posted on Tuesday, October 18, 2011 - 04:56 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Sanman:

damage ni batti jail term length untundhi.




asalu damage ekkada ani adugutunte.. malli damage batti Jail antaavu.. Nuvvu Jail la pettuko, lekapothe uri teyyi, I dont care.. Raju pichodu aithe emaina jarugutadhi

But my questions is ...evadiki damage.. WHO IS THE VICTIM?
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Bar_and_ha_cub
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Post Number: 117
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Posted on Tuesday, October 18, 2011 - 04:51 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Sanman:

you are the one that said 1% volume does not effect price. every stock bought and sold effects the price. to what extent annadhi non issue. also it does not matter if the order is executed by one broker or multiple brokers. what is so confusing in what i said.





Sanman:

the great Indian escape





Sanman:

nenu avunu anadaniki naa explanation ichaanu. aa nenu oppukonu...kudaradhu...thooch...itlanti arguments kakunda reasonable explanation emanna unte pettu




--------- KINDA MOTHAM REASONABLE EXPLANATIONS-------------- highlight chesina points meedha koncham light veyyi ardham avutundhi

Great Indian Escape ledu, Indiana Jones Raiders of the Lost Ark ledhu..

There is NO empirical evidence that every stock Bought/Sold, for that matter upto a major percentage of the Average Daily Trading Volume, will have an effect on the price, it sounds more like a textbook fantasy.Most of the trades,even on Publicly traded securities, with a volume that can artificially manipulate price will be done as Private placements - Buy/Sell a big chunk at a Premium/Discount from a large holder such as a Buy side shop or a Pension fund.

I think you are in a fantasy world that your order of 500 shares of BAC will make the market maker on the NYSE floor run around buying/selling for you. No, Your Broker will relase a BUY/SELL order to the market maker he deals with and then that guy confirms your trade. Most the big name/ high volume stocks will have specialists, as market makers, who not only controls a position but also control wierd ass price swings. Yesterday, AMR stock was halted from trading - who takes the decision to halt, Specialist Initiates it.

Let me ask you one question -- Most of the time, you get the price that you see on screen when you clik Trade(BUY/SELL) for market orders, but as per you Price changes in seconds - So do you think your trade makes it through your Broker and market maker to their counter party? Possible if you are dealing with NASDAQ, but in out cry markets, such as NYSE, that is not how it happens - Your Market maker maintains position and for orders that is with in his range, he confirms the trade. Whether he goes back buying/selling same stock has absolutely no pattern? He may be over bought from the morning, or he might have had an overnight position in the stock or he may think that the stock is already at session high.

If you think that every stock traded makes a difference, Will you agree that, on a stock trading with tight spread, an Arbitrage opportunity exists if I can perform a Wash Trade? - I BUY 100 share and SELL 100(forget about Transaction costs for now) with in matter of milli second, as per you the Shares I bought should push the price up right??

In the present world of technology, Don't you think that such a price anomoly is prone to be exploited by Arbitrageurs?


OK - Let us accept your theory and try to test it - How can we decide on the base case price of the stock with or without that one extra trade? Is there anybody on the surface of the earth who can effectively simulate the Intra -Day trading of stock market, by adding or deleting ONE SINGLE TRADE?

Don't you think - If somebody can predict the price of a stock at a given time will be richest man in the world?

Your stand was confusing to me because I assumed that you thought Volume is directly proportional to price movement, so I thought I would explain that people normally break the trade down with multiple brokers so that their order gets filled soon and unless the volume is extra ordinarily high there is no directional impact on the price.

However, there is an argument that Option Market, which is not as liquid as Stock market, players may be victims of Insider trading. But even in that market nobody was able to establish any evidence based on sheer volume and Open Interest numbers.
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Sanman
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Posted on Tuesday, October 18, 2011 - 04:46 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bar_and_ha_cub:


idhi lengthy disco ki suit ayye matter kaadhu. nee stand small volumes lo insider trading cheste victims undaru ani. naa stand small large banian sizes emi undavu. damage ni batti jail term length untundhi. water bucket anaedhi analogy. ardham kakapothe kastam. neeku intha kanna life lo evvadu cheppadu
After shooting the two, the actor said he lost consciousness and could not recall the events that took place before he landed up at Care Hospital
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Bar_and_ha_cub
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Posted on Tuesday, October 18, 2011 - 04:39 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Sanman:

nenu avunu anadaniki naa explanation ichaanu. aa nenu oppukonu...kudaradhu...thooch...itlanti arguments kakunda reasonable explanation emanna unte pettu




Sare..My bad..on the other hand,Maanchi reasonable explanation ichanu kada nee Uptick buyers analogy ki

No tell me ...Where is the Body?? Who are the victims?

Life Cycle of a Trade telvakunda ninna edho oka chinna pitta kadha seppavu, which cannnot be proved by anyone on the surface of the earth antunna


Sanman:

how important is a drop of water in a bucket ? how important is 1% of water ? 10% ? 20% ? what is YOUR valid victim creating tipping point ?




Water ??? Let us talk stocks


Sanman:

ya that is called insider trading for which RR is in prison




Tammi.. malla tappu argue jestunnav.. an Insider trader may know that stock may perform good/bad over a certain period of time..but he has no control over the intra-day price in the market..nobody can predict the price of a particular stock at a particular time of day/year, for us to create a base case price to prove your theory of ONE TRADE ONE STOCK fantasy.

If somebody knows the actual highs and lows or where the stock would end up at a particular point of time in a day or year,then he/she will be the richest man on the surface of the earth.


Sanman:

dont know about mankind but you are definitely doing it in this thread




OK OK.. anything else??
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Sanman
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Posted on Tuesday, October 18, 2011 - 04:20 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

>>>
On the other hand, i am sorry, I take back my words, assalu victims ee leru, not even Opportunity loosers for Insider Trading, gippudu jeppundri
>>>
nenu avunu anadaniki naa explanation ichaanu. aa nenu oppukonu...kudaradhu...thooch...itlanti arguments kakunda reasonable explanation emanna unte pettu

>>>
OK - Let us accept your theory and try to test it - How can we decide on the base case price of the stock with or without that one extra trade? Is there anybody on the surface of the earth who can effectively simulate the Intra -Day trading of stock market, by adding or deleting ONE SINGLE TRADE?
>>>

how important is a drop of water in a bucket ? how important is 1% of water ? 10% ? 20% ? what is YOUR valid victim creating tipping point ?

>>>
Don't you think - If somebody can predict the price of a stock at a given time will be richest man in the world?
>>>
ya that is called insider trading for which RR is in prison

>>>
Le le .. I am victimizing the mankind with my farts by contributing to global warming
>>>
dont know about mankind but you are definitely doing it in this thread
After shooting the two, the actor said he lost consciousness and could not recall the events that took place before he landed up at Care Hospital
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Ringo_rangaswamy
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Posted on Tuesday, October 18, 2011 - 04:02 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

abhinava ravanasurudu
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Bar_and_ha_cub
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Post Number: 115
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Posted on Tuesday, October 18, 2011 - 03:48 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Sanman:

antha pedda post chadavadam kastam kani jist enti - 1% of trading volume will not effect the price so what raj did is not morally wrong anaedhena mee point ?




Morals maate ledhu ikkada -- Victim less crime anthe
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Sanman
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Posted on Tuesday, October 18, 2011 - 03:39 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

antha pedda post chadavadam kastam kani jist enti - 1% of trading volume will not effect the price so what raj did is not morally wrong anaedhena mee point ?
After shooting the two, the actor said he lost consciousness and could not recall the events that took place before he landed up at Care Hospital
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Bar_and_ha_cub
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Post Number: 114
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Posted on Tuesday, October 18, 2011 - 03:35 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

http://www.chalanachithram.com/discus/messages/125/156036.ht ml?1318966237

Archive lo unna thread lo post esthe.. Bump ayyi paiki vachesthadhi anukunna, but raaledhu andhuke especial thread estunna

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