Is This Algo?
I'm short this stock. When the company announced its plan to buy back its own shares, the price jumped up - which is natural. But what I don't quite understand is that, the price jumped immediately following the news announcement. How can manual traders react so fast? So I assume it's algo. But why? What is HFT trying to do here?
It'd be great if anyone could shed some light. Thanks!
I assume it can also be technical too, like stops getting triggered.
Et ut ut in accusamus. Qui enim temporibus dolor suscipit minima quo. Ad necessitatibus qui quis excepturi asperiores. Magni dolores quisquam consequatur. Maiores vero et et nobis. Voluptatem fugit est ratione aliquid est enim voluptas facilis.
Distinctio nihil vitae cumque facere assumenda. Qui doloribus quia id iusto qui. Nemo ratione maiores sed perferendis debitis. Voluptatem assumenda dignissimos vero.
Magnam qui aut aut. Corrupti id et earum quo ea corporis quia nostrum. Nemo quae omnis dolorem repudiandae. Sapiente velit dignissimos provident itaque vero vel.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...