re post (steves view of erg sharetrend.) below is my view of ERG...

re post (steves view of erg sharetrend.) below is my view of ERG sharetrend and many other stocks in both America and Australia--I have posted it before--whtever ID I posted on under any name--on any BB---below is my view.
Program Trading
Computerized trading undertaken by large institutions to exploit differences in price between expiring stock index futures and the underlying stock when both ought to be equal. The resulting arbitrage play produces essentially riskless profit. Program trading has been criticized for creating market turmoil, in effect producing risk-free profits for practitioners while increasing volatility for everyone else. But advocates of program trading say it makes a more efficient market by eliminating price differences between two items that are essentially the same.