RE: Yeah another down day8 Dec 2021 08:42
Sonof - there's a view that there's a wider problem with the market: that so many trades are done using AI and bots, it's hard to get a handle on pricing of shares. Look at the reaction to positive RNSs: either the sp spikes (and then fall away rapidly), or it drops. Before all this, you would see a small gap up, then a steady rise over the coming sessions, and the rise would be held. When all the trades are executed automatically, they are highly sensitive to volumes and short-term moves.
It makes it hard for PIs, and sadly, it takes all the fun out of it.