4 ms·

Someone started dumping Lockheed Martin stock just before Trump's tweet

27 points by patmcguire 10y ago

ComteDeLaFere 10y ago
Twitter says he posted that at 5:26 AM, not 8:26 AM.
- cygx 10y ago
  According to which timezone?
  - ComteDeLaFere 10y ago
    All times EST. :)
- patmcguire 10y ago
  I'm EST, it says 8:26.
- belzebub 10y ago
  Open your account settings and set the appropriate time zone.
deleted 10y ago
[deleted]
chollida1 10y ago
I guess we could look at the data.... The largest reported trade is 669 shares, so if someone was "dumping" stock then they didn't do a great job. The last trade before 8:26 was at 8:20:40 for $260.05 according to Bloomberg so the gap down the poster is showing I can't even reproduce. Almost all trades at this time were odd lots this morning, so again if someone was dumping,they didn't do a great job. Trading was even very sparse until 8:26 when Trump tweeted and then the market activity picked up, which is exactly what you'd expect wouldn't it? Now, in favour of a conspiracy, early morning activity was much busier than the previous week, but still very small. I'm now embarrassed for myself that I even spent time on this:( I thnk the best thing you can take from this is a quote I saw from Jim Greco on Twitter: https://twitter.com/jgreco/status/808310517752365056 https://twitter.com/jgreco/status/808310517752365056 > Trump is the ultimate case for diversification. You don't want to hold an individual stock when he tweets EDIT I think what this guy is seeing isn't a trade at 8:25, but rather his charting software just joining two points, one at 8:20 and the next at 8:26 when trading starts around Trumps tweet.
- funtrader 10y ago
  You are not going to see the correct volume for pre-market trades. I checked with my trading account and the poster is correct. The trades were before Trumps tweet.
relics443 10y ago
To me, it looks like a bunch of people who don't know much about the market, jumped to conclusions. A. It wasn't that large of a selloff B. There were many indications prior to the announcement that LHM would be taking a hit
TYPE_FASTER 10y ago
Trump doesn't write all his tweets, a digital media company he hired publishes the majority of his social media content. http://www.npr.org/2016/12/06/504520364/how-trump-waged-an-under-the-radar-ground-game http://www.npr.org/2016/12/06/504520364/how-trump-waged-an-u... Somebody there knew what the next tweet would be, and traded based on that info.

27 points by patmcguire 10y ago

ComteDeLaFere 10y ago

Twitter says he posted that at 5:26 AM, not 8:26 AM.

cygx 10y ago
According to which timezone?
- ComteDeLaFere 10y ago
  All times EST. :)
patmcguire 10y ago
I'm EST, it says 8:26.
belzebub 10y ago
Open your account settings and set the appropriate time zone.

deleted 10y ago

[deleted]

chollida1 10y ago

I guess we could look at the data.... The largest reported trade is 669 shares, so if someone was "dumping" stock then they didn't do a great job. The last trade before 8:26 was at 8:20:40 for $260.05 according to Bloomberg so the gap down the poster is showing I can't even reproduce. Almost all trades at this time were odd lots this morning, so again if someone was dumping,they didn't do a great job. Trading was even very sparse until 8:26 when Trump tweeted and then the market activity picked up, which is exactly what you'd expect wouldn't it? Now, in favour of a conspiracy, early morning activity was much busier than the previous week, but still very small. I'm now embarrassed for myself that I even spent time on this:( I thnk the best thing you can take from this is a quote I saw from Jim Greco on Twitter: https://twitter.com/jgreco/status/808310517752365056 https://twitter.com/jgreco/status/808310517752365056 > Trump is the ultimate case for diversification. You don't want to hold an individual stock when he tweets EDIT I think what this guy is seeing isn't a trade at 8:25, but rather his charting software just joining two points, one at 8:20 and the next at 8:26 when trading starts around Trumps tweet.

funtrader 10y ago
You are not going to see the correct volume for pre-market trades. I checked with my trading account and the poster is correct. The trades were before Trumps tweet.

relics443 10y ago

To me, it looks like a bunch of people who don't know much about the market, jumped to conclusions. A. It wasn't that large of a selloff B. There were many indications prior to the announcement that LHM would be taking a hit

TYPE_FASTER 10y ago

Trump doesn't write all his tweets, a digital media company he hired publishes the majority of his social media content. http://www.npr.org/2016/12/06/504520364/how-trump-waged-an-under-the-radar-ground-game http://www.npr.org/2016/12/06/504520364/how-trump-waged-an-u... Somebody there knew what the next tweet would be, and traded based on that info.