What's going on with Hertz?
Updated
Yesterday, I carefully watched HTZ due to its bankruptcy announcement on Friday night. The price had opened at $2.84 and after careful observation, it literally did not move throughout the day. There was absolutely no information on Level II, trading volume, etc. Somehow, after literally not moving during market hours, the price dropped to $0.55 right before close. Today, the stock price is up almost 60% pre-market.
Is there someone out there, who on top of watching the mainstream news, also questions their origin, like me? What the fuck is going on with these massive levels of corruption in plain sight? Is Icahn causing that massive surge in price so that we can cover some of his losses and peace out? And who the f*** bought the millions of shares that were dumped on Tuesday that drove the price from 2.84$ to 0.55$?
I need my skeptics and theorists on this one because the stock market is really making me question if the public knows at all about the BS going on behind the curtains. How can we expect transparency in the markets when the SEC is the same body regulating dark-pool exchanges that happen to be privately owned but operate within the same brokerages we use?
I'm 21 and currently working on an experiment to observe trading patters daily in order to understand algorithmic behaviour. I write daily hypotheses as to what I believe the price will do based on the evidence, and when the market closes I write the behaviour observed. My background in CompSci helps me understand most algorithmic behaviours, but this??!!
So, if there are any quants out there who also question the world around them, please contact me.
Is there someone out there, who on top of watching the mainstream news, also questions their origin, like me? What the fuck is going on with these massive levels of corruption in plain sight? Is Icahn causing that massive surge in price so that we can cover some of his losses and peace out? And who the f*** bought the millions of shares that were dumped on Tuesday that drove the price from 2.84$ to 0.55$?
I need my skeptics and theorists on this one because the stock market is really making me question if the public knows at all about the BS going on behind the curtains. How can we expect transparency in the markets when the SEC is the same body regulating dark-pool exchanges that happen to be privately owned but operate within the same brokerages we use?
I'm 21 and currently working on an experiment to observe trading patters daily in order to understand algorithmic behaviour. I write daily hypotheses as to what I believe the price will do based on the evidence, and when the market closes I write the behaviour observed. My background in CompSci helps me understand most algorithmic behaviours, but this??!!
So, if there are any quants out there who also question the world around them, please contact me.
Note
In case anyone missed it - The price had an astronomical boost of 105% within the first 20 min of the market being opened. Some happy boomers could've retired today. Entered at 0.86 exited at 1.1. I didn't get to ride the full-wave, but this has been the most money I've made in one trade within 10 minutes. Ohh well, if you can't fight them, join them.
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