The article I mentioned is 'Surviving the COVID 19 crash' AFR 8April 2020
Here's a relevant quote
Potts says it's the speculative, high-frequency trading machines that distort the market, create outrageous volumes and amplify the volatility."It's an agnostic algo that's designed to pick a trend; because of this it picks on anything. So they'll trade even the small stocks and will have a significant effect, as some of the trades will only sell 20 or 30 shares."When it breaks a moving average barrier, it triggers off a whole pile of other sellers coming over the top."
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.759M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 46000 | 1 |
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