Hacker News Reader

Comment by Thorncorona | Hacker News Reader

FWIW I don't think that you can really do this without moderation. Financial news is one area where curation shines particularly strongly, considering how strong monetary and information gain collide.

Benzinga / Motley Fool / Seeking Alpha / Business Wire / Forbes aren't places to find worthwhile information.

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Was just going to say basically the same thing, though you are wrong about Business Wire (the source of some original press releases with high value).

This site would be better with way fewer sources, paradoxically. Probably 5-7 are all you need.

I pay a small fortune for Bloomberg each year and get notifications of all news on a list of stocks ~200 long. Most of the notifications are spammy lawyer press releases. Bloomberg has made no effort to curate this intelligently. Yes I know I can manually ignore certain keywords, but that's a pain and constantly evolves, it seems.

Curation is indeed paramount in the financial news industry, where much news is automatically regurgitated to generate page views/ad revenue.

If you're long these stocks, shouldn't you ignore most of the news related to them anyway? How does it impact your decision-making? Why is the subscription worth it?

I'm only long a subset and just want to be notified of actual news (primarily defined as publications and SEC filings from the companies), not deadlines to be the plaintiff to sue the companies, for example.

Ok this makes sense. As Ntrails points out I actually misread your comment.

The list is 200 long, no positional information was likely intended

A few years ago 27 people were charged with fraud for being paid to pump stocks with hundred of articles these sorts of platforms under the guise of unbiased news. This is probably just the tip of the iceberg.

https://www.sec.gov/news/press-release/2017-79

>The SEC today released an investor alert warning that articles on an investment research website that appear to be an unbiased source of information or provide commentary on multiple stocks may be part of an undisclosed paid stock promotion. Investors should never make an investment based solely on information published on an investment research website. When making an investment decision, thoroughly research the company using multiple sources.

> using multiple sources.

That recommendation of theirs is ironic considering the “scheme” consists _of_ said multiple sources.

There is so much noise out there. Hence, I rolled my own site (finclout) where relevant news is aggregated across several vectors leveraging social media arbitrage. So far its really profitable and brings peace to my mind to not miss a news item about a stock that I like. Further, Motley Fool is blacklisted. That's is a crap FOMO side.

any plans to make this site public?

Haven't decided yet. Because technically, I don't need it.

A full public record of posts / pumps correlated by IP, country, device fingerprint, and equities they're pushing... with a free API... now we'd be talking about some interesting reverse engineering.

Just saying this bluntly is valuable to a lot of people

It looks like it relies on whatever curation https://stocknewsapi.com/ provides. So "moderation"/curation is being done, but not by steez.

where do you expect to find stock analyses that were written and published with no afterthought? All these authors have some sort of hidden agenda, don't they? Sometimes you find a useful hint at the start of some hype though.

Very true. I would gladly pay for a feed of financial news, but instead of "clicks" it optimizes on market movement. News articles from sources that, in the past, have predicted market activity.

I.e. "this blog mentioned NYSE:TEVA, and the next day the stock moved materially, therefore site_ranking++". (You'd probably have some TF/IDF saliency metric too, so that a site that mentions all stocks is penalized.)

That's why a site like biztoc.com makes sense — curation + aggregation.

Looks good, but the login-mechanism is pure trash. It does not allow you to make account+password, but forces you to click a "magic link" in order to login.

It was written in big letters, "dont worry we wont spam".

3 minutes later: 2 emails in my inbox. One of them "BizToc is made possible by Mark Cuban & Thomas Marban. If you’re enjoying it, please invite your friends & colleagues."

This is pure spam and I do not like it.

There is a difference between a single onboarding email and actual spam. Magic links — love or hate em, but more and more services use them. Klarna, Vercel, ...

Did I ask for an "onboarding email"? I certainly did not.

And yes, I chose to hate them.

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