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What Radioshack's 5-Second 10% Spike Looked Like To The Machines

Tyler Durden's picture




 

News yesterday that Radioshack was planning to seek new debt financing in order to give suppliers more confidence - which in itself is kind of ironic that suppliers would find an even-more-levered company a better credit risk - sent the stock spiking higher by 10% in mere seconds as the machines took the headline and ran with it. Sanity was restored moments later as the stock hit the exchange limits and was instantly reverted back to unchanged. While the firm faces its own fireworks over employees punching customers "for being sarcastic," the stunning charts below show the real fireworks that the machines started...

 

Via Nanex,

5 seconds of trading in Radio Shack (RSH) on October 3, 2013

 

 

This is when the price exploded 9.99% higher on heavy volume - the new Limit Up/Limit Down (LULD) circuit breakers prevented it from going higher. The price dropped below where it started about 20 seconds later. LULD has legitimized sudden stock moves of 4.99% or 9.99% (larger stocks have the lower 5% limit).

 

The bottom box (SIP) shows the National Best Bid and Offer. Watch how much it changes in the blink of an eye.

 

Each box represents one exchange. The SIP (CQS in this case) is the box at 6 o'clock. It shows the National Best Bid/Offer. Watch how much it changes in a fraction of a second. The shapes represent quote changes which are the result of a change to the top of the book at each exchange. The time at the bottom of the screen is Eastern Time HH:MM:SS:mmm (mmm = millisecond). We slow time down so you can see what goes on at the millisecond level. A millisecond (ms) is 1/1000th of a second.

 

Note how every exchange must process every quote from the others -- for proper trade through price protection. This complex web of technology must run flawlessly every millisecond of the trading day, or arbitrage (HFT profit) opportunities will appear. It is easy for HFTs to cause delays in one or more of the connections between each exchange.

 

Via NJ.com,

Sticks and stones may break your bones ... but sarcasm will apparently leave you bleeding.

 

Parsippany police say Sgt. Paul Schulze and Officers Peter Rizzolo and Christopher Cifaldi went  to the Radio Shack on Route 46 to investigated a disturbance Friday night, when Rizzo met a man who was holding a bloody paper towel to his left eye.

 

The man told him a salesperson had punched him and run to the back of the store, police said in a news release.

 

Rizzolo asked the salesperson why he hit a customer, and was told "he was being sarcastic," police said.

 

Rizzolo placed the salesperson, Andre Santiago, 20, of Denville under arrest on a charge of assault, police said. Santiago was transported to Parsippany Police Headquarters, where he was processed before being released pending an appearance in court, police said.

 

The customer did not seek medical assistance at the time of the incident, police said.

 

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Fri, 10/04/2013 - 09:56 | 4022231 hedgeless_horseman
hedgeless_horseman's picture

 

 

10% spike?  Did they start stocking their drones under a GSA contract?

 

Did you know that you could possibly
get your Unmanned Aerial System
funded through the DHS?

Click here for Department of Homeland Security options for the purchase of a UAV

Fri, 10/04/2013 - 10:12 | 4022287 Race Car Driver
Race Car Driver's picture

How is RS still in business, anyhow ... other than being a spook agency front from the start?

Fri, 10/04/2013 - 11:25 | 4022656 kaiserhoff
kaiserhoff's picture

Efficient free markets, er, bots.

What could go wrong?

Fri, 10/04/2013 - 12:06 | 4022822 Herd Redirectio...
Herd Redirection Committee's picture

I stopped watching after the :50 second mark.  I witnessed sufficient machine insanity in those few milliseconds to get the gist.

Fri, 10/04/2013 - 12:22 | 4022884 fourchan
fourchan's picture

thats what the fuku core looks like too.

Fri, 10/04/2013 - 13:20 | 4023079 TraitorsHang
TraitorsHang's picture

As an electronics hobbyist, I've asked myself exactly that question. They've managed to stay semi-relevant by carrying higher-level integration components (small microcontrollers, complex sensors, etc). Problem is the cost. If I have foresight, I order online. If I need a part that day, I might buy it from RadioShack. I'm kinda glad they are hanging in there. No other local store will carry a 1/4W 100 kilo ohm resistor at 7pm on a Saturday.

Fri, 10/04/2013 - 10:29 | 4022371 malikai
malikai's picture

One could do some fun stuff with one of those, a raspberry pi, and a fat memory stick..

Fri, 10/04/2013 - 10:39 | 4022433 Boxed Merlot
Boxed Merlot's picture

Click here for Department of Homeland Security options for the purchase of a UAV...

 

I don't know, but when I clicked on the site and got the Homeland Security web page, I suddenly felt very dirty, like I didn't belong.  I guess that's because as an individual in the US, I'm a corporate entity and not an "SAA".  Pretty cool way to blow a billion$ though, wouldn't you say?  :

 

State Homeland Security Program (SHSP)

Total Funding Available in FY 2013: $354,644,123

 

Eligible Applicants: The State Administrative Agency (SAA) was the only entity eligible to apply to FEMA for SHSP funds

 

 

Urban Areas Security Initiative (UASI)

Total Funding Available in FY 2013: $558,745,566

 

Eligible Applicants: The SAA was the only entity eligible to apply to FEMA for UASI funds

 

 

Operation Stonegarden (OPSG)

Total Funding Available in FY 2013: $55,000,000

 

Eligible Applicants: The SAA was the only entity eligible to apply to FEMA for OPSG funds.

 

 

Fri, 10/04/2013 - 09:59 | 4022255 The worst trader
The worst trader's picture

Time to hammer the VXX.

Fri, 10/04/2013 - 10:06 | 4022272 Bosch
Bosch's picture

What button do I press to get that going in Galaga? 

Fri, 10/04/2013 - 10:25 | 4022341 Drop out
Drop out's picture

I was thinking of old games too. The machines are taking over.

Fri, 10/04/2013 - 10:07 | 4022273 Dr. Engali
Dr. Engali's picture

He was probably a rich bastard a deserved to be punched in the face just like the guy in the SUV deserved to be intimidated by a gang of bikers.

Fri, 10/04/2013 - 10:09 | 4022280 DOT
DOT's picture

And that mom in DC.

Fri, 10/04/2013 - 10:08 | 4022275 Harry Dong
Harry Dong's picture

Just wow.

I played it back with rammstein - du haus for full Effect.

 

Fri, 10/04/2013 - 10:09 | 4022277 DOT
DOT's picture

Better than a lava lamp. Can we get a model up based on fluid dynamics? Or maybe free drugs would be better. ;)

Fri, 10/04/2013 - 10:15 | 4022302 VIXed
VIXed's picture

Wow, space invaders going nuclear. Throw in a random delay that fucks with the machines, but won't mess with the human traders - oh, there aren't any left. I forgot.

Fri, 10/04/2013 - 10:18 | 4022313 halfawake
halfawake's picture

i love technology

Fri, 10/04/2013 - 10:22 | 4022327 superflex
superflex's picture

RSH is great if you need a 1/8" mini plug adapter for $15 or a 50 foot segment of coaxial cable for $30.

Do people still shop there?

Fri, 10/04/2013 - 10:22 | 4022332 Jack Ryan
Jack Ryan's picture

Thank you for posting these. 

Fri, 10/04/2013 - 10:23 | 4022334 SheepDog-One
SheepDog-One's picture

LMFAO! This is what people are buying into, some old Magnavox Odyssey game.

Fri, 10/04/2013 - 10:26 | 4022351 ShrNfr
ShrNfr's picture

"You got questions? We have blank stares." Now, who who am I talking about? RadioShit or ObamaNationCare?

Fri, 10/04/2013 - 10:45 | 4022455 LawyerScum
LawyerScum's picture

The patterns are very reminiscent of my synaptic activity after I take my "medicine".

Fri, 10/04/2013 - 10:54 | 4022496 Atomizer
Atomizer's picture

RSH must have be trading on a mothballed TRS-80 (Trash 80).

Fri, 10/04/2013 - 10:56 | 4022515 Jim in MN
Jim in MN's picture

You should check your sources.  I am pretty sure this is the House of Representatives decision tree simulator. 

Fri, 10/04/2013 - 11:06 | 4022559 W74
W74's picture

I know RS sucks because my local mall still has one.  I go to a gym at this mall (probably 12-15 former stores on two stories were opened up to create this space) and will walk around to cool down on occasion.

Well the RS is right in the middle of all the other cell-phone stores (because that's what it is): the Verizon store, the T-Mobile store and the Cricket store.  There is also, quite conviently, one of those kiosks in the middle of the floor which cells primarily phone covers and other cell-phone accessories, many of them with glitter and other bling which I see is quite popular among the baltimorean girls who have no problem spending other people's money at the mall.

And you know what else is great about this mall, which bussled and flowed with abundance when I was a child?  There is not one but THREE cash-for-gold stores.  Yurp.  Fun huh.  And you can guess what I see in there: mostly single moms with babies in tow pawning their jewelry bought at retail prices for literally pennies (no more than a nickel on) on the dollar.  But who am I to judge the state of our society?

Fri, 10/04/2013 - 12:10 | 4022832 Herd Redirectio...
Herd Redirection Committee's picture

I always said the rappers who bought gold teeth actually were smarter than the ones who bought million dollar mansions.  But if they sell em at a pawn shop...  Not so much.

Fri, 10/04/2013 - 12:11 | 4022833 Herd Redirectio...
Herd Redirection Committee's picture

Smarter, or luckier, that is.

Fri, 10/04/2013 - 11:08 | 4022563 OwnSilverPlayMusic
OwnSilverPlayMusic's picture

Whoa Pink Floyd laser show!

Fri, 10/04/2013 - 12:51 | 4022992 redux2redux
redux2redux's picture

It reminded me of this scene, from the movie Patriot, where the 'strange looking lady' says 'oh I love fireworks...'

http://www.youtube.com/watch?v=bj4BKgv1zEc

Fri, 10/04/2013 - 18:15 | 4024032 Rantabulous
Rantabulous's picture

I see stuff like this and I think we are looking at the future of warfare. 

One day entire wars fought and treaties re-negotiated and alliances changed by the time you get back from the bathroom.

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