RE:S.Pkorupsion wrote:
An example of why we cant get the SP to go up. Yesterday I bought 25000 shares twice. Once in the morning and once in the afternoon. I was watching the price and the bid was .185 and the ask was .19. The price had been stagnated with no sales for quite a few minutes in both instances when i decided to just pay the ask. Both times with in seconds of me raising the price to .19 some one sold shares for .185. I didnt look but I wouldnt be suprised if a house sold shares to themselves. Thats how easy it is to keep the price from running up. I know a main goal in the stock market world is to separate retail investors from their money. What i dont understand is how the people keeping this down are making money do ing this. Couldnt they make more if they just bought shares let it run.
It feels like for most stocks these days, not people but algorithms execute the trades.
One famous example of algorithms failure is a 2010 flash crash which led to a Greek crisis.
In that event, a human error, combined with the algorithms trading, plunged the magor indices 5%-9% down in just minutes.
https://www.sec.gov/files/marketevents-report.pdf
Algorithms are much better since then, but not yet at a level that makes them act like humans, and we can feel it when they are executing trades within milliseconds and not nesessarily in the manner expected from a human.
No AI (and algorithms are part of it) can pass the Turing test yet (a test of a machine's ability to exhibit intelligent behaviour equivalent to, or indistinguishable from, that of a human).
To demonstrate this, here is a very recent example of two chatboats talking to each other:
https://www.youtube.com/watch?v=WnzlbyTZsQY&ab_channel=CornellCCSL