I'm not defending the HTFs (I agree they have an unfair advantage) but markets have never been "rational". The market can remain irrational longer than you can remain solvent, Keynes quipped almost 90 years ago!
My observation is that no one complains about "not rational" when the market is going their way....
http://www.maynardkeynes.org/keynes-the-speculator.html
No Rationality In these Markets, page-56
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Last
$7.74 |
Change
0.090(1.18%) |
Mkt cap ! $25.13B | |||
| Open | High | Low | Value | Volume |
| $7.74 | $7.80 | $7.71 | $70.72M | 9.111M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20574 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |