Are Others Able to See CAPS Limit Orders?
September 03, 2009
– Comments (13) |
RELATED TICKERS: TWP.DL
So I was on CAPS yesterday and I saw that mrindependent had red thumbed Trex Company (TWP). In his pitch, he mentions that he is following me on this pick. This might not seem so odd, except for the fact that I have never red thumbed Trex Company on CAPS.
Actually, about a week ago, I saw that TastyLunch had red thumbed TWP and I began investigating. It seemed like a reasonable red thumb, but I am wary of my own record on the "bear" side. I've always felt I'm much better at finding beaten-down value stocks, than I am at predicting "overvalued" stocks that will underperform the S&P. So, I decided that I wouldn't red thumb TWP *unless* it hit a price point where I could feel with a high level of certainty that it was overvalued. I decided $23 was a safe place to initiate a red thumb pick, so I used the CAPS limit order to automate a red thumb on TWP in the (unlikely?) event that the thing manages to climb a above $23.
So here is where I'm confused --- how would someone have known that I did this? I don't see anyway to see the limit orders of others. Could my pick have showed up on the "Favorites List" of others? Guess I'm just baffled as to how someone could've followed me on a pick, before it actually went through (and it may never go through). It also seems like too much of a coincidence that mrindependent would've simply mistaken another user for me (since I actually had initiated a limit order on TWP around the time he initiated his pick).
Can someone resolve the mystery?
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