"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Monday, November 21, 2011

What Happened To Focus Media Holdings (FMCN)

Here is what happened with FMCN from our end:


Here is today's chart (click any images to zoom)



The period in question begins at 12:28:46

HFT Alert Pro showed:

Left Table:

     Raw Quote Bursts (per Sym/per Exg):
     Stocks having a high number of quotes per the time interval specified from a single exchange.
The Fields shown are:
 
Exg:  Exchange quotes are reported from in the sequence.
Elps:  The elapsed time of the sequence in MM:SS format.
STRG:  #Quotes recorded in the sequence from the specific exchange.
IQTS  #Quotes from other reporting exchanges in the sequence.
BBO:  #Of times quotes were the BBO.
CBBO:  #Of times quotes were the BBO and changed the BBO.
TRD:  #Trades recorded in the sequence.
ETRD:  #Trades recorded in the sequence from the specific exchange.
Right Table:

     Quote Fluttering  (per Sym/per Exg):
     Stocks with high burst of quotes from a single exchange that have a minimum of one element fluttering in price or size.
Exg:  Exchange quotes are reported from in the sequence.
Desc:  Description of which item is fluttering. (BidPrice, BidSize, AskPrice, AskSize).
Elps:  The elapsed time of the sequence
STRG:  #Quotes recorded in the sequence from the specific exchange.
IQTS:  #Quotes from other reporting exchanges in the sequence.
BBO:  #Of times quotes were the BBO.
TRD:  #Trades recorded in the sequence.
ETRD:  #Trades recorded in the sequence from the specific exchange.

The key point in the day occurred at the bottom around at 13:33, post halt:


The heavy trading looks like madness thanks to the graphing techniques of Nanex:

Full view:


Perhaps less colors will help:


Maybe zooming in will help:


And the Verdict from NASDAQ is:


Posted by Paul Revere at 11/21/2011 07:30:00 PM