4 ms·
I can't read the article, but the intro is interesting. "The authors’ most striking finding is a surge in short sales—bets that a security’s price will fall—of
by mcguire 3y ago
I can't read the article, but the intro is interesting.
"The authors’ most striking finding is a surge in short sales—bets that a security’s price will fall—of an exchange-traded fund (etf) listed on the New York Stock Exchange under the ticker eis, which tracks an index of Israeli shares. In September an average of 1,581 shares a day of EIS were sold short, representing 17% of the daily total trading volume. On October 2nd, five days before the attacks, a whopping 227,820 shares were shorted, representing 99% of total volume. Rather than reflecting a souring of market sentiment, the increase in activity seems to have come from just two trades."
- deleted 3y ago[deleted]
- yieldcrv 3y ago> the increase in activity seems to have come from just two trades. its interesting how nobody not even a bot was interested in copy-trading that, most likely due to the incredibly low volume, kept everyone else far far away from that ticker only 15,000 shares traded today. paltry. curious if they, were they able to cover that short
- quickthrowman 3y ago> curious if they, were they able to cover that short Volume for EIS on 10/9 (first market day after the attack) was ~341k shares, it’s possible they were on the buy side of 2/3rds of those trades, I’m guessing there was not a lack of sellers on 10/9.
- next_xibalba 3y ago> copy-trading Is this a common bot strategy? I’ve never heard of this (not that I would—I only casually follow finance).
- belter 3y agoI only know of two similar strategies: - Check Goldman Sachs recommendations and do the opposite. - Hear Jim Cramer recommendations and do the opposite. These two never failed to make money.
- _benj 3y agoI don’t think is a bot thing but a people thing… when there’s a sudden grow in volume whoever sees that assumes that whoever took that position knows something that they don’t know and thus taking a similar position is often a “sensible” action, even if only to hedge against unknowns… Source: best friend trades for a living
- yieldcrv 3y agoand its easy to code a bot for it to be a bot thing far easier than any high frequency trading
- SoftTalker 3y agoTo save anyone the trouble, the article does not identify anyone specifically, only that "the most plausible account is that whoever made the trades was familiar with Hamas’s secrets."
- deleted 3y ago[deleted]
- arkadiyt 3y agoJust turn off javascript and it'll bypass their paywall
- deleted 3y ago[deleted]