Posted by DigiNomad on 23rd of Apr 2024 at 09:13 pm
Yep. It takes a lot of time (fundamental analysis and making
nightly videos). But I was thinking there might be 1, 2 or maybe 3
basic data points available via a public API that could at least
allow us to broadly categorize picks as potentially good for
________ (intraday trading only, overnight hold potential, enough
fundamental support to swing, potential long term hold idea).
Nothing's perfect, but I can glance at an IBD chart or FinViz
and tell a lot very quickly. All I'm suggesting is that it
would probably help all of us if the process was condensed....even
if imperfectly. I don't expect it to happen, but worth the
mention anyway.
*available via public API - in other words, no additional
work once setup....in theory. If it was me, I'd definitely
have a disclaimer in the column heading, like "not responsible for
data pulled from 3rd party provider via Yahoo finance API." Not
like anyone relies on a single fundamental data point to make a
trade, and most know that Yahoo and Google often disagree on the
same data point, but better to have a disclaimer anyway.
I think you just answered your own question - when an idea
appears YOU can simply take a moment to peruse such sources and
make such determination yourself - it's in the eye of the beholder
as to certain fundamentals. This is a technical website and
we are already stretched to the hilt on time but we would welcome
any additional insight you or anyone else may have relating to any
such security. Ironically, many of the big runners I have
seen over the past year plus have little to weak fundamentals
and/or extreme valuations historically but they get swept in the
passive investing scheme as so eloquently outlined by David
Einhorn.
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Yep. It takes a lot
FUTU, AQST
Posted by DigiNomad on 23rd of Apr 2024 at 09:13 pm
Yep. It takes a lot of time (fundamental analysis and making nightly videos). But I was thinking there might be 1, 2 or maybe 3 basic data points available via a public API that could at least allow us to broadly categorize picks as potentially good for ________ (intraday trading only, overnight hold potential, enough fundamental support to swing, potential long term hold idea). Nothing's perfect, but I can glance at an IBD chart or FinViz and tell a lot very quickly. All I'm suggesting is that it would probably help all of us if the process was condensed....even if imperfectly. I don't expect it to happen, but worth the mention anyway.
*available via public API - in other words, no additional work once setup....in theory. If it was me, I'd definitely have a disclaimer in the column heading, like "not responsible for data pulled from 3rd party provider via Yahoo finance API." Not like anyone relies on a single fundamental data point to make a trade, and most know that Yahoo and Google often disagree on the same data point, but better to have a disclaimer anyway.
I think you just answered
Posted by steve on 23rd of Apr 2024 at 09:24 pm
I think you just answered your own question - when an idea appears YOU can simply take a moment to peruse such sources and make such determination yourself - it's in the eye of the beholder as to certain fundamentals. This is a technical website and we are already stretched to the hilt on time but we would welcome any additional insight you or anyone else may have relating to any such security. Ironically, many of the big runners I have seen over the past year plus have little to weak fundamentals and/or extreme valuations historically but they get swept in the passive investing scheme as so eloquently outlined by David Einhorn.