Seeking Alpha
  • Ocean Man
    MHR just shot up 15%!
    8/1/12
    Reply (27)
    • Ocean Man: One of my largest positions. Sold 1/3 of my shares at 4.34. Buyout? Or a late reaction to the production report I posted yesterday?
      8/1/12
    • bradyc: high five!
      8/1/12
    • DAG1996: congrats!
      8/1/12
    • bradyc: added some back at 4
      8/1/12
    • fla6987: Damn it can never hold the freaking gains.... now up only 5%
      8/1/12
    • det9: Good call OM. I am holding on...
      8/1/12
    • DAG1996: may be something going on ... several stocks spiked 10-15% for 10 minutes, then dropped back to only 3-5%.
      8/1/12
    • DAG1996: maybe hedge funds and/or big banks moving unusually huge chunks of money around unusually fast or something similar?
      8/1/12
    • Clayton Rulli: MHR is small. Doesnt take much to move the needle
      8/1/12
    • Clayton Rulli: Also has heavy short position
      8/1/12
    • John Rayhall: According to unconfirmed reports, the volatility was a result of an aggressive algorithmic trading program at Knight Capital Group
      8/1/12
    • John Rayhall: For some stocks but they have denied it.
      8/1/12
    • DAG1996: thanks much John. good to know i wasn't seeing things. hard to believe they'd deny such a thing though. lol
      8/1/12
    • Ocean Man: Very strange. When it hit 4.23 no shares traded for 12 minutes, then a single $7M trade at 4.10 (sell), then back down. Thanks for info John
      8/1/12
    • nsrini79: http://bit.ly/MyMc7y
      8/1/12
    • fla6987: Incredible, now only up 1%... tell me this is not manipulation...
      8/1/12
    • Clayton Rulli: Big bank rolls can move stocks like this
      8/1/12
    • bradyc: I am adding more 3.8
      8/1/12
    • DAG1996: what's important is this wasn't just a MHR thing. same thing happened with TRN and others. up 15% then shed 10% of it, all within minutes.
      8/1/12
    • DAG1996: it seems we've completely lost control of our markets and various forms of manipulation since there's no regulation with teeth
      8/1/12
    • DAG1996: http://nyti.ms/R8THar
      8/1/12
    • bradyc: MHR is wild today haha
      8/1/12
    • John Rayhall: take your gains when they are presented to you in this crazy market.
      8/1/12
    • Ocean Man: Let this one be a reminder for all the times we complain about selling too early.
      8/1/12
    • DAG1996: i don't know which ones are included but i read somewhere that the NYSE is planning to reverse some trades made on the affected stocks today
      8/1/12
    • bradyc: I have learnt to be content with any % of gain. 10 x 1% gain = 10%. Get the profit, and move on to other stocks while wait for better entry
      8/1/12
    • Ocean Man: NYSE is cancelling the trades on 6 stocks. MHR is not one of them. The 6 are the ones like CO that went up 100%.
      8/1/12