Читать книгу Predatory Trading and Crowded Exits - James Clunie - Страница 27

In this chapter we have seen that there a variety of reasons for securities prices to diverge from their equilibrium values. In the next chapters, I take a closer look at some of these reasons. In particular, I describe the theory and empirical evidence for each phenomenon, and suggest how traders can avoid mistakes by learning from this evidence. First, I consider predatory trading. This is a form of trading in which well-informed and well-capitalised players exploit weaknesses amongst certain other market players. The notion of predatory trading develops naturally from an ecological view of markets.