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Diclosure: I work at a company https://www.tipranks.com https://www.tipranks.com and we collect all sorts of hedge fund, analyst, blogger and insider data. I d
by inglor 11y ago
Diclosure: I work at a company https://www.tipranks.com https://www.tipranks.com and we collect all sorts of hedge fund, analyst, blogger and insider data.
I don't understand how any of the suggestions it gave me works and that worries me. It's very discomforting when a site tells you what stocks to pick.
It's important that sites stay technological and give you information rather than actually promise alpha over the market. I don't think you'd have to be a genius to know that anyone telling you what to buy (rather than give you information you can process yourself) and can actually generate you alpha could just use their money instead of taking yours.
- navlio 11y agoNavlio does not use proprietary methods to rate stocks or promise outperformance. Rather it is a navigation tool to make publicly available hedge fund data more accessible. Whether you believe that using this subset of hedge fund data can help you invest better or not is up to you. But at the least it has the potential to give you a sense of what professionals are doing in and around the stocks you are looking at.
- semi-extrinsic 11y agoThis happened with a few companies selling bitcoin mining rigs - they stopped selling rigs and started just mining bitcoins themselves.
- utunga 11y agoBy way of contrast I work for a financial company who provide research and recommendations to wall street and whose main 'unique point of difference' is that we don't take positions ourselves. The downside of the idea "you can believe someone who back themselves enough to put their own money in" is that your recommendations are then, of course, not truly independent or unbiased. Most big sell side broker dealers claim there is a chinese wall between their research analysts and their actual trading arm, but sometimes that chinese wall can be suprisingly thin. For example, when a merger is in the early offings, or other large deals about to happen, 'the street' can just go quiet on the subject. Only the (very few) truly independent research firms are still talking at that point. Having previously been close to non-financial journalism it was a bit of a shock to me when I first realised how little truly independent (in the sense of not trading on their own opinion) news or research there was. But, I now understand why that is. The optimum situation is probably to have a mix of approaches.
- ryporter 11y agoI completely agree on the importance of providing supporting evidence. To test out this site, I looked into Micron and Greenlight Capital, because the founder, David Einhorn, has very publicly embraced this stock. Under Greenlight, Micron wasn't listened as a recommendation, and, under Micron, Greenlight was listed as "Hold." I'll admit that I don't follow these things too closely, but it sure seems like Greenlight is very bullish on Micron (or else they would presumably be selling off their position). This is, of course, one position for one hedge fund. But, without supporting evidence for listing Micron as a "Hold" for Greenlight instead of "Buy", I'm not inclined to trust Navlio for other recommendations.