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The same thing could happen with people, someone finds an old story but doesn't realise it's old, tells a few people, starts a rumour and then traders sell off
by dant 18y ago
The same thing could happen with people, someone finds an old story but doesn't realise it's old, tells a few people, starts a rumour and then traders sell off stock. At least with an automated system you can improve the algorithms.
- jwilliams 18y agoYup - like the occasional trader that misses a decimal point and sends a stock whirling off in the wrong direction (most trading systems have mechanism to prevent this, but it still crops up now and then). Whilst this is an unusual case - 99.99% of the time the access and currency of information available today actually makes for a much improved market.