Simple programmed selling - if ( npat < expctd_npat ) then sell - nothing more nothing less.
These systems have to have a "value" already installed to take advantage of timing.
So as someone said recently - the only pre-value they have with which to deal is the expected profit - and as gustaaf pointed out above that miss margin is less than 1% but there is no allowance for a +/- margin.
Not very sophisticated but that is now the way of the market. It will bounce - just a pity I paid 90c to get back 40c.
News: Suncorp Group's annual cash profit rises 5.1 pct, page-8
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Last
$19.70 |
Change
0.030(0.15%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.59 | $19.71 | $19.48 | $35.18M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2065 | $19.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.70 | 80233 | 7 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
