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Well, it is non-public data. I once spoke with a lawyer to see if I could legally use location data to do the same thing (for instance, it’s easy to correlate c
by afpx 8y ago
Well, it is non-public data. I once spoke with a lawyer to see if I could legally use location data to do the same thing (for instance, it’s easy to correlate changes in activity at certain retailers with quarterly earnings), and I was told it’s risky.
- mentat 8y agoIt is not true in the United States, other countries differ: https://www.bloomberg.com/opinion/articles/2018-12-03/insider-trading-in-the-potato-trade https://www.bloomberg.com/opinion/articles/2018-12-03/inside...
- froindt 8y agoNon-public and insider are two different concepts. I could send a satellite to space, take pictures of parking lots, count cars, and it'd be a pretty decent indicator to the relative success of a retailer. Add some other signals into the model and it'd probably be good. I don't need to give the public access to my satellite images. But if I wanted to make a subscription service for 100k/month, I could. It would be non-public, but not insider.
- kasey_junk 8y agohttps://www.google.com/amp/s/www.thestreet.com/amp/story/13680468/1/orbital-insight-uses-satellite-images-to-give-hedge-funds-trading-tips.html https://www.google.com/amp/s/www.thestreet.com/amp/story/136...
- jonknee 8y agoThat's not risky, it's done by tons of funds.
- asdff 8y agoIs it just as legally risky to go to a store with a little mechanical counter and count heads?