If those nasty bots cause the share price to drop below what you believe the underlying fundamental value of the company is...then BUY!
If on the other hand, those dirty manipulative bots cause the price to increase beyond what you believe is the fundamental company value is...then..wait for it...SELL!
Or ignore the fluctuations and HOLD if you believe in the company's fundamentals.
If you are a SHORT TERM TRADER then suck it up...you are speculating (which is quite legitimate in it's own right) and you have to take what comes.
As for the 'they don't pay brokerage' arguement...well I'm sure they pay brokerage fees of some sort, just not per transaction. I'm sure if you wanted you could find a broker that would give you a large number of 'free' transactions for a set fee. Maybe they pay a % of total transaction value at the end of day/month/quarter. It is all irrelevant to the actual value of the underlying company.
I know many people think it is all just 'not fair' to the 'mums and dads' and anyone else to allow computerised trading - and I'm not meaning to offend anyone - but I really see it all as part of the trading jungle (as opposed to investing (i.e. taking ownership stake of company)).
my2cents Cheers Ben
P.S. On the otherhand NAKED short selling IS FRAUD(i.e. non-existent claim on property) and this IMO has a long term and real negative/unfair effects on a company.
MEO Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
