Yachtie
Posts: 3593
Joined: 1/18/2012 Status: offline
|
fr For those interested in FB, this is interesting - Somehow we doubt many will be surprised to learn that the reason FB failed to take off following its break of trading in the low $40s, has everything to do with, you guessed it, another HFT algo, which in those first instants of trading, did something that threw the entire market off: it kept crossing the market, with the Bid surging above the Offer, in the process shocking the entire price-supporting HFT array, designed to build upon upward momentum, resulting in the only other natural outcome: a steep, rapid selloff.
_____________________________
“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC “Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell
|