Show me examples.

When I was a fresh-faced goofy college kid, my Logic professor, who was Greek and credible with his Hellenic accent, would say that a thing was theory only until you provided examples in the real world.

We hear that notion regularly. “So what exactly do you see with market structure? Give us some examples.” You asked. We’re doing it. We’ll aim to give you them regularly. Each will be an actual, real-world example, though the confidential nature of the data we track may preclude names. Continue reading →

This formidable IRO says to me, “Quast, here’s the deal. You say rational, fundamental investment is a tiny fraction of trading now and we’re all bond servants to traders and risk managers who’re disconnected from traditional IR. If that’s the case, IR as we know it is dead.”

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You’re at your desk doing a last copy edit on the shareholder letter for the annual report. You glance at your daily trading, as IR folks do. You frown. You drink tepid Starbucks from yesterday and wince. For the third straight day your stock is marching up on light volume.

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Ever since I started ModernIR in early 2005 we’ve been hindered by one thing: me. That’s why I’m delighted to announce a dramatic expansion of the brain trust with the arrival of my brilliant bride, Karen Quast, later this month to head operations.

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My lovely bride Karen said, “Maybe you should be less negative in the Market Structure Map.”

Only fort-two and I’m turning into a grousing old goat! I doubt many of you would disagree that I’ve sniped about the state of the markets the past few issues. There is method to my madness though. We want investor-relations professionals to be powerful, relevant, informed and cool. We believe knowing market structure is key to coolness.

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