Tuesday, July 24, 2007

Freaky Hybrid Trade Of The Day, CNH!

Just take a quick look at the graph below.

See that first 15 minutes? That's freaky... and that's the hybrid market for you. There is nothing "orderly" about that market.

That said, it's one of my best stocks on the day, but still... it's hard to trade the market with any type of confidence when there are these wild illiquid moves on 100-share prints.



Go visit Ray over at Exchanges and tell him to tell his "hybrid builders" to fix this stuff. Tell him the Dinosaur sent you, but please be polite.

Perhaps if the NYSE hears from more traders they'll have more incentive to fix trades like this.

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