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How can a lay-person investor get as-soon-as-possible access to recently filed form 8-K? What's the gate and delay time?
Generally 24-48 hours depending on when Edgar updates. You can also download the daily filings directly from the sec.... it’s what Bloomberg does.
Earlier quoted context omitted.
Despite being a Boglehead (total-market index investor), who thinks that's the best tablescraps I can get, when I can't be in the club of the people who're making the real money from the systems... I have idly wondered whether there's an viable opportunity to exploit retail investors who're being manipulated/misled (by, e.g., MSM financial 'news', stock-picker personalities, bloggers, WSB, etc.). Then I realize I was…
> I have idly wondered whether there's an viable opportunity to exploit retail investors who're being manipulated/misled (by, e.g., MSM financial 'news', stock-picker personalities, bloggers, WSB, etc.). Generally, this idea doesn't work because "manipulated"/misled retail investors will still be right 50% of the time. Being bad at trading gets you zero EV, not negative. But if you look closely, those retail investor…
I’d have to think a bit more to be sure, but my first instinct is that “bad at trading” would be negative EV given the presence of firms who are good at it. If you enter a trade in the “wrong direction”, you’re much more likely to get a fill than if you are in the right direction. Other errors include letting losers run (hoping to “get out even”) and cutting winners short (banking a minuscule win when a large win was coming).
I feel pretty sure that overall poor traders lose money rather than break even.
Will at any point we be able to build a system that won’t be gamed? ie. A system whose incentives are perfectly aligned with its operators and users incentives?
Earlier quoted context omitted.
Your links don't reveal growing complaints , they're just complaints people posted to Reddit. Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.
Is your Amazon shopping experience better than 10 years ago? Is product discovery easier? Are you confident that you’re getting genuine merchandise? Are delivery promises being met? Are the prices competitive with other online and offline retailers? All of those have gotten worse for me. The fact that FakeSpot exists is telling.
No. Actually the site is overridden with fraudulent items, and the quality is in severe decline. The print-on-demand books are poorly printed, there's no way I'm buying anything over $100, especially not electronics. I can't trust any food items. The reviews are littered with bots. Not to mention, Amazon completely ruined Whole Foods.
It's bad. As in, severely broken supply chain bad. I can't "trust" what I purchase from Amazon's website anymore.
> Is product discovery easier?
Maybe from 10 years ago, however in the last 2 years something happened with Search. It's routinely mis-categorizing items, which makes finding the item I want much harder. And it's riddled with ads and product placements (again for items that have low semantic overlap with what I am querying).
> Are you confident that you’re getting genuine merchandise?
No.
There was actually a person in a different post who commented on being one of the few persons who had a team to work on fraud detection. And when they left Amazon the project was immediately dropped. Amazon knows this is an issue. We, the consumer, are just being sold short. It's not okay.
> Are delivery promises being met?
No. In fact Doug spoke in February about improving delivery times ("last mile" as it's sometimes called)[1]. The exact opposite has happened. From the article:
'Amazon now faces a class-action lawsuit in federal court for "false advertising" and "negligent misrepresentation" over Prime's two-day shipping guarantees.'
In Doug's minor defense, the previous CEO of Consumer Goods, Dave Clark, was positively abhorrent. And Clark's actions and decisions cost Amazon huge monetary and employee losses. It doesn't justify the poor decisions made since Clark's departure (e.g., requiring customers file police reports for Amazon's wrongdoings; refusing customer refunds; banning customer accounts; knowingly selling fake goods; employing child labor).
[1]https://www.businessinsider.com/amazon-plans-for-faster-deli...
> Are the prices competitive with other online and offline retailers?
Yes, in a way that is predatory. For instance "Price Labs" is Amazon's new gimmick to overcharge some customers and under charge others, dynamically, to further eliminate 3rd party vendor competition.
In the last 1.5 - 2 yrs, it's gotten a lot worse.
How can a lay-person investor get as-soon-as-possible access to recently filed form 8-K? What's the gate and delay time?
How can a lay-person investor get as-soon-as-possible access to recently filed form 8-K? What's the gate and delay time?
OpenAI is going to make a difference here. These filings are often challenging to read for a lay man. However, ChatGPT should be able to have a decent go at mood analysis. Until companies start rewriting their articles to be OpenAI "proof"
Earlier quoted context omitted.
Is your Amazon shopping experience better than 10 years ago? Is product discovery easier? Are you confident that you’re getting genuine merchandise? Are delivery promises being met? Are the prices competitive with other online and offline retailers? All of those have gotten worse for me. The fact that FakeSpot exists is telling.
I'll go ahead and answer as well since we're just talking about anecdata anyway. > Is your Amazon shopping experience better than 10 years ago? Depends what you mean by "shopping experience." Some aspects better, some worse. Generally if I'm looking for a specific product/serial number or something, it's perfect. If I'm searching Amazon for a type of product, it's not as good - but then again, searching via Google or…
I have received other substandard items, where I was given a full refund if I took down a negative review.
How can a lay-person investor get as-soon-as-possible access to recently filed form 8-K? What's the gate and delay time?
Before you think about making something that quickly reads 8-K filings and acts upon it: don’t bother. A bunch of entities are already doing this way faster than you ever can through various methods and by the time you get the data the opportunity to act is gone.
How can a lay-person investor get as-soon-as-possible access to recently filed form 8-K? What's the gate and delay time?
SEC’s EDGAR database has the filings available to everyone the moment they’re released. It will take you 5-10x longer to press F5 than it takes a bank/hedge fund to have a bot ingest the news and trade off of the new information. Even if you could ingest the information instantly, your orders will be slower than the people who are co-located within the same data center as the exchange, or the folks who set up private…