The Purge



  • I think I just broke FI 😂. Finally had a IS price on one of my shitbags today. Market price 27p, my average price 35p, IS 100 at 10p followed a few hours later by 300 at 11p. I never IS and hate doing it but the only way to get out of this trade. Bought 40 Gulacsi 15 minutes ago and broke FI!!

    I would love to see IS back at 60% and ME bid zone 61 to 99%. Either permanent or temporary with prearranged end date. This gives traders the opportunity to actually trade, and pay commission.



  • Bring sell orders in no brainier don’t bring instant sell back let the market close the gaps whichever way that be buy pricedrops or sell increases can’t keep going back and having moaners loads wanted the order books now they are the ones moaning about it! Madness



  • do NOT bring IS back in from FI.

    They have made that jump now and clearly cant afford to bring it back. In addition, prices are where they are because of no IS, so we 'should' be past the worst of it.

    Going back to fix a problem is just going to make it worse.



  • @MrWh1te you think we are past the worst already?



  • @Hotspur said in The Purge:

    @MrWh1te you think we are past the worst already?

    No chance. The market will continue to Drop and stagnate until they offer a real ‘sensible, but generous’ dividend table. That pipe dream is probably not going to show until December, hopefully I’ll be out before then. 1 billion eh! 😂



  • @CLACKETT said in The Purge:

    Bring sell orders in no brainier don’t bring instant sell back let the market close the gaps whichever way that be buy pricedrops or sell increases can’t keep going back and having moaners loads wanted the order books now they are the ones moaning about it! Madness

    Thing is the people selling would only drop so far and the bids listed would come up so far then trading would commence and all those huge sell queues would start to shrink and the market buy price would rise meaning the offers would likely get higher and the bids would chase. The markets mood would lift and we could get back to talking about football.

    The only thing to worry about with sell offers is that at first some will be so desperate to sell they will race to the bottom but it will quickly correct and push the offers closer to the market buy price.

    Hurry up FI get the fucking offers activated and let us out of this traffic jam!!!!



  • @Hotspur
    I think we are past the worst of the impact.
    I think we are still going to see drops for a while.

    The impact is what is important.



  • One thing to be optimistic about possibly...

    If/when FI introduce the sell option, will they not boot everyone out the sale queues, thus causing huge spikes in prices?

    So even if there is initially a race to the bottom as @Black-Wolf says, it won't be anywhere near as low as it could be.
    Am I right?



  • @ScouseSte of course they could only go as low as the highest bid but if that was the case then why not just accept the bid thats there. The money left in the sell queues are all people not willing to accept the low bids but given the chance to offer what they want for a player would actually force bids to rise



  • @ScouseSte they may not boot everyone out the sell queue it may just become a mass of offers listed at the current buy price and it would be up to traders to then cancel then create their new offer



  • @Black-Wolf

    I've been wondering about this - the mechanism which determines the market buy price - if the sell queue is removed how would the market buy price be determined



  • @Chap i dont think the will remove the sell queue. All those shares currently in the sell queue would just become offers listed at the current market buy price. If you wanted to offer lower you would cancel your current offer that was the sell queue and list a new offer at the price you want this would prevent a sudden mass unlisting and big spike because each trader would manually do it meaning the buy price wouldnt move too much. It may fluctuate though while offers are cancelled and relisted



  • @Black-Wolf

    That's what I'd assume too - especially if it is the hybrid type sell orders that sit with buy orders below the Market Buy/Value price.. If it is that kind of sell order set up then I really don't see there being any kind of real dip or race to the bottom etc.. All that would happen is a series of fluctuations below the market value as the buyers and sellers in the ME part compete with one another.. This should create much tighter spreads than we see now



  • @Baydog

    But you can set your sell order over the market value



  • @Chap they may not allow this as it would created larger sell queues and prevent cap app



  • @Chap said in The Purge:

    @Baydog

    But you can set your sell order over the market value

    I doubt you'll be able to set a sell order above market value in the model that I am pretty much expecting. I think there will still be a market buy option that sets the value for the player under the existing market buy structure- then the order book aspect will be below that (as it does now with the ME, but two sets of options rather than just buy orders).. I may be completely wrong but that is the way I see it



  • do you remember that graphic they first released on order books with Mo Salah I'm almost certain their was sell points above the market buy

    @Baydog @Black-Wolf



  • @Baydog

    'the master plan takes us to fully functioning order books' sounds a bit too much like version 2) you posted in that other thread



  • @Chap yeah I remember that but it was a full fledged order book with no clear market buy price. I expect Nasdaqs system will be more like that which displayed the depth of orders. Im not sure how new shares will be issued in that format unless they are hidden amongst the orders.

    The thing that might give away new shares would be the blocks listed. If you see blocks of 600 at each price range you might be able to come to the conclusion that these are new shares as trader orders will likely be all kinds of non uniform blocks

    Like this on sportstack. I know the blocks of 401 are market makers.
    0_1594664658101_DCADB0D7-1B5D-4D83-A8FB-7AED0F38DA9C.jpeg




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