4 ms·
“knowing the future isn't that helpful” Did you actually read the article? It specifically talks about press releases put out by companies. That’s just a slive
by andreilys 7y ago
“knowing the future isn't that helpful”
Did you actually read the article? It specifically talks about press releases put out by companies. That’s just a sliver of the type of insider trading knowledge you can trade off of.
There are all types of other insider info. For example if you work at the FDA and know in advance what drugs are about to be approved/rejected.
Also I tried your app and the prompt it gives is... not even close to insider info
“ Regeneron Pharmaceuticals Inc is an integrated biopharmaceutical company. It discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions.”
I fail to see how this is helpful info? Now if on the other hand it said “the company discovered a COVID drug in final approval with FDA”, that would be much easier to trade on.
- bko 7y agoLook below the chart, you get their financial statements and metrics, including the ones are in the time span you're trying to predict.
- lonelappde 7y agothat's all info that corresponds to guidance given in advance. It's slightly useful but not substantial info like a regulatory ruling or a pandemic.
- andreilys 7y agoYep exactly. Knowing the right future information can be insanely profitable. No matter what clickbait headline Matt Levine can come up with.
- komali2 7y ago> Did you actually read the article? This is a verbatim example of not assuming good faith in the guidelines for this site