Posts Tagged manipulation
The big backer
Posted by Peter Webb in Bet Angel on May 21st, 2011
If you are active on the markets, then I am sure you may have seen this character around. If not then they appear fairly regularly recently, either trying to get filled at a certain price or just deliberately trying to stop the price from moving. I think it’s an odd strategy, as dipping in and around the markets is like playing poker. You don’t want to show your hand!
When somebody shows their hand like this then it’s an open invitation to oppose them, make their life difficult or work on other selections in the market on the basis or what they are doing on that runner. It all seems a bit odd to me, as by showing their hand they are presenting clear opportunites. So, whoever you are, thank you!
Eboring
Posted by Peter Webb in Bet Angel on August 19th, 2010
OK the racing has been entertaining, but the trading has been less fulfilling and lacked a bit of spark about it. This is probably due to a participant(s) in the market that is causing grief for quite a few traders.
On Tuesday I seriously underperformed in light of this activity, but on Wednesday I turned it around having monitored the activity. I think that’s the problem with this tactic, it is easily exposed. We put the autotrading spreadsheet on the market using small stakes and analysed the resultant data to understand what is really going on. This answered quite a few questions for us, but still left some unanswered; but it was a big step forward. We think this person could get seriously caught out given the right situation occurring in the market, so we are just waiting for the that opportunity. We will continue to monitor this unusual activity.
The Ebor turned over £1.6m vs £2.3m last year but on a like for like basis it was about level. I underperformed on this race, but still got a reasonable result.
