Comments on: Don’t Believe Everything You Read

By: saamanian

saamanian — Tue, 17 Jul 2007 19:00:53 +0000

There are regulations to prevent one from profitting by spreading rumor. SEC / NASD (I’m not sure whose authority it comes under) has successfully prosecuted folks who have spread rumors by fax / phone / internet message boards. Blogs are no different than messageboards.

By: Krish

Krish — Fri, 25 May 2007 01:48:23 +0000

It happens all the time while running a news story as it is not always possible to verify the veracity of the news source. It’s for the investor to be wary of the pitfalls before selling his stock on the basis of a breaking news. As for Algos, I agree with Mohit since there sure are built in safeguards to prevent a piece of news becoming an execution trigger.

By: TP

TP — Thu, 24 May 2007 05:17:45 +0000

I totally disagree.

“This puts enormous responsibility on the shoulders of both established media as well as bloggers to verify authenticity of breaking news. The problem with this is that breaking news doesn’t stay “breaking” if somebody else breaks it first.”

Well, you dont have to, and thats the whole point. Thats precisely what Guy is betting on with the truemors thing.

See this is how you look at it. Blogs and therefore such reports are a fact of life, we shd learn to live with it.

By: Mohit Mahendra

Mohit Mahendra — Tue, 22 May 2007 16:53:28 +0000

I would imagine that feeds going into trading algorithms will have to cross a high bar, that most bloggers won’t cross. Its still the ‘wild west’ days of blogging, so you can expect some chaos. But as more big money comes to depend on it, money managers will turn to info suppliers that cross a certain bar eg. like the Reuters service you mentioned. Would be nice to see you guys at Gridstone as well become a standard feed into one of those algorithms

By: Siddharth

Siddharth — Mon, 21 May 2007 07:17:28 +0000

Technology doesn’t understand the human mind. It can record events, dig information, or compute, but it cannot see thru the human tricks. Analytics will always remain one step short. And that is the gap of nature.

By: Basab

Basab — Sun, 20 May 2007 20:57:03 +0000

Giri, I do agree with most commentators that the iPhone is very important for Apple in the short term. It is a major new product (category) like the iPod with signficant new revenue and profit opportunities.

By: Giri

Giri — Sun, 20 May 2007 03:42:16 +0000

Another interesting aspect is the importance market seems to associate with iPhone. Is iPhone a make or break for Apple? I don’t think so - but the hype Apple generated so early in the game might work against them if it is not met (or exceeded) on time. Your thoughts?