For those ‘playing’ the market and feeling confident they will be able to exit ahead of the insanely levered, mongrel horde surfing the wave with you…a little reality check via the Twitter trade today. A few HFT firms were leaked the earnings early and the stock dropped 18% in 60 seconds before ‘investors’ even knew what hit them.
Just imagine the chaos when these instant, should-be-illegal trades start tanking broad market indices like the S&P 500 and the TSX 60 in the blink of an eye. In for a penny, in for a pounding?
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