AEJ 0.00% $8.00 redbank energy limited

selling bots are back - 22-07-2010, page-7

  1. 1,173 Posts.
    Today's total turnover was trivial amount, so I don't think there is any concerted effort behind the buying. Rather, just a computer program acting under orders to make the most of scooping the few speculators who previously entered the fray. Probably imagining fortune would be in their lap within a week.

    Whilst the intra day trend looks to be up, the algorithm driving the buying "allows/makes" the close look poor. Thus triggering speculators exits for the next day. And so it goes. Wealth by stealth, as they say at the ASX



    Read up, a human has no hope sparring with a robot

    http://www.asx.com.au/professionals/institutional/direct_market_access.htm
 
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