3 ms·
Because the algos are crap or on-purpose?
by noja 5y ago
Because the algos are crap or on-purpose?
- dTal 5y agoI imagine there's a feedback loop. Inevitably there's going to be at least a few quick-fingered human investors who make the error, which will drive the share price up a bit. This predictable mini bump is an attractive target for bots, and before you know it you've bootstrapped another hype-driven stock.
- Kye 5y agoFor example: the rush to buy Nintendo stock following the success of Pokémon GO. Nintendo is only a 1/3 owner of Pokémon and none of the owners developed the game.
- edgyquant 5y agoBecause people tend to have more money than intelligence. I also made a similar mistake years ago. I purchased 20 shares of MRVL, thinking it was Marvel, luckily I’m not the only one and I managed to turn a profit before selling once I figured it out.