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原帖由 peninsula 於 2007-7-11 04:55 PM 發表

Good. 2020 loses steam today but 3331 getting stronger!

Forget about them lar.

The best IPO EVER is the one today.  #569.

Allocation is around 7% and price has gone up 47%.  

As as usual, I picked the wrong one today - #825 with 4% allocation and rise of 19%.

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原帖由 peninsula 於 2007-7-11 05:43 PM 發表

I did not get allocation on #569 also despite applying both. Will it go up like #658?

Got 1 hand #825 but not much use.

This is better than #658 by far.  Allocation is 7% X 47% gain.  #658 is 1% X 100% gain.

The trend for today's IPOs is they do favor big tickets.

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原帖由 peninsula 於 2007-7-11 05:56 PM 發表

So I will set auction price for #569 at 9:43am tomorrow!

Auction price can be set at 9:49:59

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原帖由 peninsula 於 2007-7-11 08:36 PM 發表

All on-line service cut-off at 9:45am wor!

That's wrong.  Before 9:45 am, you can put in both auction price and limit price and you can withdraw anytime up to 9:44:59 sharp.   Between 9:45:00 and 9:49:59, you can only put in auction price and you cannot withdraw.

If you are at the right place (stock) at the right time and understand how to use the auction price system to the fullest, there are occasionally free money to be taken.

[ 本帖最後由 dejavu2003 於 2007-7-12 01:03 編輯 ]

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原帖由 eatallcheesecak 於 2007-7-12 10:39 AM 發表
The auction price for 569 was at 2.50 at around 9:45, and I should have placed a bet on it by looking its price right now.

Again, I sold my 2020 IPO one day behind or one day too early.

The auction price @ 9:45 doesn't mean a thing especially with fresh IPO on day 1.  The only price that counts is the one towards 9:50.

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原帖由 peninsula 於 2007-7-12 11:55 AM 發表

What a lot of SHIT! I cannot place any auction price orders after 9:45am (I tried 3 different brokers, including HSBC).

Then, just don't place auction orders after 9:45

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原帖由 peninsula 於 2007-7-12 06:46 PM 發表

Don't give FALSE info!

You are such an amateur.

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原帖由 peninsula 於 2007-7-12 09:32 PM 發表

Can you tell me which broker and I will call-up to verify?

Every broker can do it.  Do you understand. Do you think it only works for some but not all brokers?

Just because you can't do it doesn't mean it doesn't exist.  And because I do it all the time, do you think HKSE do an exception for me.

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原帖由 peninsula 於 2007-7-12 09:33 PM 發表

Don't think so highly of yourself MAN! Know your values ...

I know your value.  Wake up from your cyber portfolio.

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原帖由 peninsula 於 2007-7-12 10:13 PM 發表

Sweet cyber dream to you too!

You want me to quote the examples in this forum of your cyber trades.  I have long memories and I track most trades for the thinly traded stock that I mentioned here.  You want me to link the old post to what you say recently.  If you tell a lot of lies, sometimes you tend to forget what you had said.

Fantasy doesn't make you money.  But if you get a kick out of this, please continue.

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原帖由 peninsula 於 2007-7-12 10:12 PM 發表

Don't be a jerk. If it is true, just give me a broker's name and I will call the firm and/or person to place an auction price after 9:45am. I already asked my contacts today!:di ...

I don't use discount brokers.  You probably can't afford mine.

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原帖由 peninsula 於 2007-7-12 10:27 PM 發表

I don't want to boast but you do have a BIG ego. I don't need to do cyber trades and I do have 5 active accounts. Just don't insult your own intelligence!

Don't side track on the ego shit.  I am talking about the cyber trade.  That trades that you did after 4 pm.  That you got in $XX (day low).....  Wonder if Jockey club let me bet on Race 1 after Race 10 was run.

Want me to quote an example of what you said six months ago on your "trade" of #197 and what you said 2 weeks ago?

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原帖由 peninsula 於 2007-7-12 10:52 PM 發表

Since you are expert on so many things, where do you think GOLD is heading? I just executed several PUT contracts at $668.

Don't put words into my mouth - I never claimed to be an expert on so many things, in particular predicting the market, currency, bullion....  In fact, I always said in this forum that today's price is the right price, when you have a willing buyer and a willing seller.  So you have a 50/50 chance of winning/losing.  Good luck on your gold trade.

I claim to be an expert on the rules for things that I deal with and I don't 9up without having done it myself first hand.  For things like auction trade at what they call "pre-order matching period" - 9:45 am to 9:50 am, where I have done 100 trades and ocassionally paid tuition fees, I am not only an expert but a Master of it.

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原帖由 eatallcheesecak 於 2007-7-13 08:46 AM 發表
Are the bids or asks bounded to be executed within the "pre-order matching period 9:45am - 9:50am" if matching can be made?

Thanks.

can't fully understand your question but I guess the answer would be -

the matching will be made for the volume at the cutoff at 9:50 am sharp.    And it all depends on the volume on each side.  Eg. if bid = 100K, and offer = 150K, 100K will be matched and if the balance 50K is auction order, it will be automatically cancelled but if they are limit order, they will remain on board and carry thru to 10 am.

If your question is about the timing, no, the matching won't happen during that 5 min. as one can put in more auction orders until 9:49:59

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原帖由 peninsula 於 2007-7-13 09:06 AM 發表


Thanks and let's stop this kind of bickering.

I guess you are right. Always willing buyers & sellers. I have been lucky on most cross currencies leveraged contracts and have made more fr ...

Sure.  I am losing my shirt with my long EUR/YEN.  I gained 16 trades in a row by range trade, and this one loss is many times over that 16 gains.

I stopped using internet trade with banks, esp Hang Seng which is hopeless.  A normal order put in at 9:40 am didn't get on board until 10:15 am and they claimed they had X thousand trades in the pipeline, ...  and this is not one-off ocassion.

I made a lot of easy money via this auction trades preying on the wrong orders, or I guess for brokers who execute for overseas clients who gave them market order and didn't give a damn on the price.  So 9:45 am to 9:50 is a very important trading period for me.

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原帖由 peninsula 於 2007-7-13 09:12 AM 發表


This is another confusion point. For all the auction orders I have placed thus far, they will ALL become "at-limit" orders if not matched. That's what happened at HSBC, Hantec and Chi ...

You probably placed the auction limit order as opposed to the auction order which has a higher priorty than the former.

One word of caution for first time user of auction trade, especially the less popular counters and especially when you look at the IEP at 9:44:XX.  That very often is a hoax, and the bidder/offeror will withdraw before the 9:45 cutoff.   You may end up buying at a much higher price or selling at a much lower price than you when you put your order in.  You should put in a small order to have a taste of it, and very often you pay a little tuition fee to learn the trick before you trick others.

[ 本帖最後由 dejavu2003 於 2007-7-13 09:57 編輯 ]

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原帖由 lafite2004 於 2007-7-13 10:15 AM 發表
Regarding Aution Trade, I don't understand how they work. For example;;;;

Bid :   $8  = 20k   ;   $6 =15K     ;        $4  =40K

Offer :  $10  =10K   ;     $5  =  22k    ;      $7  =14K @limit ...

This is a wrong example.  Give us one that where bid & offer, then +1/-1, then we can explain.

[quote]原帖由 lafite2004 於 2007-7-13 10:56 AM 發表

How about these

Bid :   $8  = 20k   ;   $7 =15K     ;        

Offer :  $9  =30K   ;     $10  =  22k    ; /quote]


These are limit orders (as opposed to auction or auction limit orders).  

When you put in an auction order, you can't name a price.  It would match the best limit price in your counterparty.  If you want to sell at auction in the above example, you put a sell auction order and your order would show an offer of $8.

[ 本帖最後由 dejavu2003 於 2007-7-13 13:15 編輯 ]

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原帖由 lafite2004 於 2007-7-13 11:11 AM 發表
How about these

Bid :   $10  = 20k   ;   $9 =15K     ;   $8  = 20k   ;   $7 =15K         

Offer :  $8  =10K   ;     $9  =  22k    $10  =30K   ;     $11  =  22k

You won't find this either.  You won't have a bid of $10 & offer of $8 on board.  Chances are when you put an offer at $8 when there's a bid for $10, the system will take you to $10.   I think qty might play a part in it if you want to sell lower than already is on screen.  

Again, you are only putting a limit order, not auction.  You don't fix a price for auction order.

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原帖由 peninsula 於 2007-7-13 02:17 PM 發表

When you put in an auction order, you can't name a price.

Maybe that's the thing. When I put in auction orders, I always name prices. I guess if I don't specify prices and let the system take  ...

The rule stipulates that after 9:45 am you can only put in an auction order.

What you put in was either a Limit Order or Auction Limit Order.

In case you guys don't already know, the auction order will overtake all Limit orders that were placed earlier than you.

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原帖由 lafite2004 於 2007-7-13 04:17 PM 發表
Thanks  to    dejavu2003

Yes my mistake last time .

BUT  , if

Bid :  { $10  = 20k   ;   $9 =15K     ;   $8  = 20k   ;   $7 =15K   ;; all limed bid   }   and   { 200 K    @auction     }
...

This is the wrong data again.  You have bid higher than offer and this won't happen in real life.

I have a print screen dd 5-17 on #197 when I prey on two market orders and made $11,000 out of nothing, and this is the real life data and may give you some idea of what happens to auction orders. But I can't copy a word file to the forum.  pm me your email address and I will forward the file to you.  Then I can explain.

Anyway, the system is much more complicated.  There is a rule for the equilibrium price and the final IEP would be affected by the size of auction order from each side.  It took me a while to learn and then I forgot and now I am trying to pick up again.

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原帖由 lafite2004 於 2007-7-13 05:08 PM 發表
My email address is

lafite2004@yahoo.com.hk


I just want to learn ........Since at auction period, some  fool can put in a bid  price higer than the Offer price   as they can not see the off ...

Most of the time, they are not fool.  They put in a sky high price sometimes to trap you into putting in a auction bid/offer.  Then they withdraw at 09:44:45 and when you find out, you are too late to withdraw your auction order.  This is particularly true in a second liner where there are few bid/offer at pre-open.

With first day of IPO, it's a different story because it's an efficient market.

File is on the way.  My order (auction of course) is the 2nd on the offer side broker #6835.

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原帖由 lafite2004 於 2007-7-13 05:08 PM 發表
My email address is

lafite2004@yahoo.com.hk

problem with the hotmail.  Will send later.

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原帖由 lafite2004 於 2007-7-13 07:57 PM 發表


Noted..................not in hurry.

I sent 15 min. ago.  Are you on MSN?

Found this link in the HKSE website.

http://www.hkex.com.hk/infra/tradmech/pfaq.doc