Anyone who was a victim of the massive swing in MNM's share price over the past few days should grab the AFR today and read the article on page 28, Stockmarket Alert.
It reveals how high frequency trading (HFT) has changed the stock market and how shares are manipulated up and down, so the big boys can make money on the way up ( does someone know something I don't know?) only to slam the sp down and make money again.
Retail and so-called mum and dad investors don't stand a chance against HFT and it's why you should not panic if you believe in a company and sell.
I too was shocked by the slump in MNM's sp on Thursday and Friday, it leaves a bad feeling in the pit of your stomach, but I did not sell - thank goodness.
Grab the papar and read the article - investing has changed forever.
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- an article no mnm investor can afford to miss
an article no mnm investor can afford to miss
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