r/WallStreetbetsELITE • u/Radiant_Dog1937 • 9d ago
Shitpost Just checking out some completely normal after hours TSLA activity.
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u/DistinctAardvark4032 9d ago
Nice try Elon lol
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u/pmercier 9d ago
Just microwaved a burrito, sorry.
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u/VrLights 9d ago
Roblox trading activities
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u/Aware_Example_3731 9d ago
Corruption at the very very highest and most blatant of ways
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u/AOC_Slater 9d ago edited 9d ago
It’s a dark pool graphing error, the leg up is the buy side, the leg down is the sell side.
It’s not a conspiracy, it’s not manipulation it’s just showing a large dark pool trade between two parties or multiple parties, and it causes a graphing error. The chart will be normalized fairly quickly to show not a spike but the difference in the spread between the buy and sell side which will be a minor tick up or down.
Lots of times you’ll see these after hours and it’s due to late reporting from a foreign transaction (or transactions). US based firms must report dark pool trades within 10 seconds if they’re trading a security based on a US exchange. Foreign funds have till end of day to report dark pool trades to the exchange but again they’re typically buying and selling at or just off the market price throughout the day so it’s a blip once the graph is normalized.
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u/Dennis_enzo 8d ago
One could argue that the existence of dark pools in itself is manipulation.
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u/AOC_Slater 8d ago
Dark pools are a tool. By design they’re pretty useful and necessary in modern markets to help keep prices stable and move large volumes of shares, all trades are reported and recorded.
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u/Healthy_Bid123 8d ago
So, buy-trade-sell? I’m not a trader, just curious. Or, like you said, just late reporting? It’s just a large influx of money that immediately cashed out. Seems like a shifty money exchange through legal routes, but I’m no expert. Thanks for the rather thorough explanation though.
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u/AOC_Slater 8d ago edited 8d ago
Yeah it’s a large buy from one side and a sell from the other side in a private transaction.
Dark pools sound shifty buy in reality it’s not. It’s a way for the big players to trade shares back and forth without creating market instability. Think of someone who wants to buy or sell a million shares of a security, if they let that order hit the open market it would blow out the the supply and demand between the bid and the ask creating price instability. Dark pools let one party anonymously say I’d like to buy or sell a large volume of shares and then match that person with a counter party on the other side of the trade who’s also anonymous. They agree on volume and price, the shares and money are traded and then the transaction is reported to regulators and the exchange.
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u/GreenEyedBandit 8d ago
Thank you! Of course everyone is going to claim "conspiracy!!!!", especially with this stock.
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u/pass-me-that-hoe 8d ago
He(Elon) asked for it!
I knew it was common trend and Google finance is one of the apps that tracks it after hours. Quite common.
But I can play along the conspiracy theory because of how strayed Elon is and how he has upended millions of lives around the world and even at home. I want the worst to happen to him and his puppet (and I don’t say this lightly).
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u/Ahchuu 8d ago
Would you be a fellow quant? Or a trader?
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u/AOC_Slater 8d ago
Not professionally, but I’ll take that as a complement. Just some guy who a few years ago had the same question about what I was seeing in a lot of graphs towards the end of the day (spike) so I dug into it. I do make the occasional trade in my personal accounts if I spot something, but I’d fall more into an investor category.
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u/NorthernMIsmoke 8d ago
I have been wondering this for quite some time so thank you for the answer! I see it AH pretty much every single day with POET.
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u/Final_Frosting3582 9d ago
How is this corrupt?
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u/IWannaGoFast00 9d ago
Don’t down vote the guy for trying to understand what is happening here.
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u/HelloYesThisIsFemale 9d ago
As someone who has dealt with market data, stuff like this happens all the time and is why it takes at least a few data guys to constantly clean stocks data. Examples of what can cause this:
OTC Deal that crossed on exchange (block trades can trade at a premium due to size concessions) and was reported in the SIP feed (and not filtered out)
stock splits
bad data from a vendor
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u/powdered_donuts2019 9d ago
Shady deals going on behind the Oval Office. I bet Elon is secretly giving money (and bribes) to high position people to keep buying Tesla stock
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u/soggy_mattress 9d ago
Did anyone ever get an answer here or are we just moving past that and assuming it's true?
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u/Stainz 9d ago
After hours volume is very small with the big boys pulling out the majority of their bids/asks. So, volatility increases. Then you get a drunk rich guy who doesn't check whether he's placing a market or limit order, and then boom, this happens.
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u/HelloYesThisIsFemale 9d ago
10% slippage is a little high and would likely be caught by pre trade rules in a broker or exchange. Could be a big trade OTC
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u/Xijit 9d ago edited 8d ago
This is going to be a pain to explain after I didn't sleep right last night.
If you were to try to artificially inflate stock value by putting in a overpriced bid during hours, it would get instantly fulfilled by those who are actively looking to sell that day, but then the price will likely drop back down to normal by the time markets close.
But if you wanted to artificially Jack up the value, the best way to do that would be to put in your bid when the markes are closed, so that everyone will see your bid all night & sellers will be enticed to put their stocks up for sale at what you are asking.
But since it is inevitable more people will try to sell, than what your bid is to buy; the market will end up with a glut of overpriced stocks for sale & your inflated price will stick around after you have cashed out.
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u/Xijit 9d ago
How this benefits them is like this:
Say you have 100,000 shares of a company, and you want to sell half of them for $300.
But the going rate is $200 a share.
So after hours you put in a bid to buy 1,000 shares at $400 a share.
Because it is after hours, everyone who also owns that stock sees that someone is willing to pay 2x the going rate, so 1k people individually put 500 shares up for sale at $400 a share ... Which means there are now 500,000 shares listed for sale at $400 each.
yes, you will take a loss because you just spent $400k on stocks that are only worth $200k, but with that many stocks now listed for that much money, the the price is going to end up dwelling at that manipulated vale for a little while.
At which point you list the 50k shares you wanted to sell, at the $300 price you want to sell them for, and they will get bought because your price is so much lower than the going rate.
Which nets you $15,000,000, after spending only $400,000 to manipulate the price.
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u/No_Swordfish_6667 8d ago
Nice theory. But not that easy in reality. Speed and supply/demand is one of the factors that must play with you.
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u/Sure_Group7471 9d ago
This is corrupt on many levels. But one of the most obvious ones being that secretary of commerce ie the government is telling people to buy a private companies stock.
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u/Powerful-Ad-4292 9d ago
One share buy can cause that. I don't believe it
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u/showerbridge 9d ago
Usually the system buy the cheapest share on the market. If the lowest sell price is 200 and you have a buy offer on 280, it will buy the stock for 200 and not one for 280. This is not the supermarket.
This jump only happens either with system glitch or large volume....as i am aware of, but could be another reason that i am not aware of
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u/Designer_Flow_8069 9d ago edited 8d ago
Wanted to add context as you are slightly wrong.
The "system" you are referring to is actually called the "order book". I don't care to spend the time to explain the the order book so let's stick with your notion that it's the "system" on how the stock market works.
While the market is open, the primary exchange (NYSE, NASDAQ, etc) runs the order book. When the market closes, the primary exchange shuts down their order book and so if traders wish to trade after hours, they need to use an order book from any number of open secondary exchanges (called an ECNs).
This creates an effect that confuses many people: When the market is open, there is one "system" which tells you the price of a stock, but when it is closed, there are many "systems" and hence there can be many different prices for one stock. (I should note here that while theoretically there are always price differences in ECNs, in practice you'll actually rairly see a difference because arbitrage traders capitalize on any differences through very rapid trades, resulting in an equilibrium across the ECNs.)
Since OPs picture is showing AH, we know the primary order book is closed and thus Google has to rely on collating the order books for all the open ECNs together. This is complex and the algorithm they are using to derive a price at any given time can get messed up creating a "phantom print".
Most of the time these prints are just glitches in displaying past data and not an actual market condition. To be sure of this, you can cross reference with another service, say Yahoo Finance. Importantly your cross referenced service must be using a different collation algorithm. If you don't see the spike, you know it was phantom print. If you do still see the spike, this means there was a reguard who "fat fingered" a trade and purchase enough stock in AH to drive the price up that high.
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u/Tropicalfisher 6d ago
don't have time to explain
writes 6 paragraphs
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u/Designer_Flow_8069 6d ago
Lmao. Re-reading what I wrote, you are definitely right.
In my defense, if you don't know that the order book is the "core" of the stock market, you probably should file a job application for the local Wendy's.
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u/Great_Attitude_8985 8d ago
So some fella burned 30$ and reddit loses their mind over it. Thanks for the explanation.
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u/LandCruiser76 9d ago
Whoa yahoo is reporting the same. What would even cause that?
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u/Final_Frosting3582 9d ago
These type of ‘glitches’ happen all the time when trades are entered late by the exchange. Any day trader has seen this a thousand times
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u/NumerousFloor9264 9d ago
How dare you put forth a plausible explanation when this sub starves for conspiratorial etiology😂
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u/MoarGhosts 8d ago
If you’re implying that disliking Elon is some sort of delusion and not the only logical conclusion for any non-Nazi, then gtfo
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u/BryceDignam 9d ago
anybody care to elaborate what on earth this was?
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u/Mundane-Tennis2885 9d ago
not sure but I've seen it happen quite a few times all different stocks and it's not nefarious I just assumed it's a weird blip/glitch. google has this example near the top of results: https://www.reddit.com/r/RobinHood/comments/ids8vq/why_do_sudden_sharp_spikes_like_this_happen/
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u/Here4th3culture 9d ago
Yeah it has to do with the low volume in after hours trading and how the numbers get reported. Idk. I just seen enough to have seen on a lot of stocks after hours. Especially if the stock has had recent volatility.
Watch tickers long enough and you won’t bat an eye at something like this
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u/TheBobbestB0B 9d ago
This shit happens to random shares at 6 EST a lot. Idk why but it’s been happening all over the place
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u/Healthy-Pride3873 9d ago
Oh that’s just Florida dumping in a couple billion dollars don’t worry.
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u/ElonMuskIsAPedophiIe 8d ago
I'm more interested in the giant sudden jump it had 5 days ago right after a massive recall notice and international protests.
I'm supposed to believe a small handful of the most corrupt dickheads on the planet going onto fox news to shill a garbage stock made it jump that much?
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u/notaslavetofashion 8d ago
Maybe im not an expert at this but is this possibly when someone bought a call option and it expires? Could this just be something like that from a big investor?
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u/LuckyErro 8d ago
Some people are spending big to keep it above $270. They are going to lose out in the end unless their pumping and dumping skills are on point.
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u/SquashCool1577 8d ago
hahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaahahahahahahaahahahahahahahahahahaahahahahahahaahahahahahahaahhahahahahahahahahahahaaa
loser
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u/psychulating 8d ago
those after hour spikes are normal and are just noise unless theyre combined with real volume
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u/No_Manufacturer_1911 8d ago
The market is basically a casino at this point.
Not participating in ownership of capital.
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u/Justlurkin6921 8d ago
"Tesla are American cars. They won't be affected by tariffs. We win!"
"Most parts especially the batteries are made by countries under tariffs"
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u/NarwhalMonoceros 8d ago
Good luck with. Who is going to buy them?
BYD already sells more EV cars than Tesla and it isn’t even selling to the US or Canada and has massive tariffs already in Europe.
You’ve already lost.
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u/Justlurkin6921 8d ago
I'm speaking from the point of view from people who bought into Tesla thinking they're "American made". Not knowing that they're assembled here but made entirely elsewhere for cheap labor.
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u/NarwhalMonoceros 8d ago
Forgot to mention. That’s coming for a guy who owns 2 Teslas and liked them. Never again though.
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u/OppositeArugula3527 8d ago
Those are just dark pool aggregated data they report at end of day
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u/SokkaHaikuBot 8d ago
Sokka-Haiku by OppositeArugula3527:
Those are just dark pool
Aggregated data they
Report at end of day
Remember that one time Sokka accidentally used an extra syllable in that Haiku Battle in Ba Sing Se? That was a Sokka Haiku and you just made one.
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8d ago
[deleted]
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u/pictionary_cheat 8d ago
I don't get it either ? Maybe someone had a sell limit at at $295 and someone with fat fingers accidentally had a set buy at $295 and the sale went thru. Look up fat fingers error , this could be it
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u/meekazhu123 8d ago
Shorting when the price is already priced in, should have shorted when all the fomo was happening couple of months back.
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u/DityWookiee 7d ago
Let them waste their money on a collapsing stock - they will pump it up and then it will fall
The only part that sucks is they’re inflating Tesla with our tax dollars
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u/letsgetregarded 6d ago
It’s crazy that it’s not $0 yet. Like they are really giving people a long time to jump ship. But make no mistake it is 100% over for this company.
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u/Paradox68 8d ago
It’s really sad that so many people would still participate in trading a company owned by a Nazi.
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u/Mr_Sabatino1995 8d ago
Ooooooo now show the Biden vote count in 2020 election
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u/Closr2th3art 8d ago
Yeah no way the election where we made it easier than ever to vote had the most total votes. Just doesn’t make any sense
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u/Shifty_Radish468 7d ago
I don't know what you want... The graph looked EXACTLY like everyone said it would before the election based on the rules the GOP put in place about not being able to report in advance
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u/waymorerocks 9d ago
This happens on every stock - this is a common occurrence. Can this post be removed?
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u/Sillylovesongs2 8d ago
He is incapable of maintaining his company so he needs his "friends" to empty their pockets to elevate his stock. Musk walks away, sucking his thumb.
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u/StationFar6396 9d ago
Its just a rotating pulsar.
https://en.wikipedia.org/wiki/Wow!_signal