I've read at least two books on algorithmic trading. This mention does not surprise me. Trades are decided and done in milliseconds.
On Wed., Jul. 24, 2019, 1:31 p.m. Tom Wolper, <[email protected]> wrote: > On Tue, Jul 23, 2019 at 7:57 PM Steve Timko <[email protected]> wrote: > >> >> https://www.hollywoodreporter.com/news/netflix-sheds-24-billion-value-six-days-growth-miss-1226463 >> > > Quoting the article: > > "To be sure, longtime holders of Netflix stock have profited mightily as > its shares have surged 3,300 percent in less than nine years, but analysts > don't expect anything near that sort of return going forward, and the heavy > volume of trading over the past nine days suggests many investors are > cashing in on their big gains." > > A lot of trading now is algorithmic so the reason behind a big move on a > stock might have less to do with what any trader or analyst thinks and > simply be a positive feedback (snowballing) reaction to a minor > mathematical blip. As the analysts note this might be the end of Netflix's > meteoric rise and the start of a plateau in their stock price. > > -- > You received this message because you are subscribed to the Google Groups > "TVorNotTV" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/tvornottv/CAJE-FiEowjyyUW-Tfw3EkVCqnXt0_MS%3DhyvWy5r%3Dx6ynKWHoAw%40mail.gmail.com > <https://groups.google.com/d/msgid/tvornottv/CAJE-FiEowjyyUW-Tfw3EkVCqnXt0_MS%3DhyvWy5r%3Dx6ynKWHoAw%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "TVorNotTV" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/CAK5Q1BqNUobCxG%3DcddAxHuyj95qvryL3%2BL6_tjsYED36YU%3D-FA%40mail.gmail.com.
