And Boris Johnson makes model buses out of old cardboard and paint. Right...
Was that part of the study? Seems like an unrelated piece of trivial.
Companies hide negative news with unrelated press releases alongside SEC filings
61–70 of 96 posts
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#62This reminds me of Footnoted*, [1] a site that surfaces useful info that companies hide in footnotes, bury on a Friday afternoon dump, etc. I think there's a weekly newsletter that comes out after the Friday news dump has been picked through. EDIT: found the newsletter [2] 1: https://www.footnoted.com/ 2: http://fnd.footnoted.com
This seems like a very good use case for GPT models: Surfacing buried information.
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#63Australian politicians do the same. Important or bad news gets released before a holiday, when people are not paying attention.
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#64Australian politicians do the same. Important or bad news gets released before a holiday, when people are not paying attention.
All politicians and companies do this type of thing. Here's [1] a particularly egregious example from 9/11, where a UK government advisor sent out a memo at advising "It's now a very good day to get out anything we want to bury".
Judging from the tone, the writer was elated. She sent the email shortly after the second plane hit.
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#65This reminds me of Footnoted*, [1] a site that surfaces useful info that companies hide in footnotes, bury on a Friday afternoon dump, etc. I think there's a weekly newsletter that comes out after the Friday news dump has been picked through. EDIT: found the newsletter [2] 1: https://www.footnoted.com/ 2: http://fnd.footnoted.com
Sounds like most of the value in that site is locked behind a two thousand dollar a year paywall… wow.
The few articles you can see are interesting though.
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#66This reminds me of Footnoted*, [1] a site that surfaces useful info that companies hide in footnotes, bury on a Friday afternoon dump, etc. I think there's a weekly newsletter that comes out after the Friday news dump has been picked through. EDIT: found the newsletter [2] 1: https://www.footnoted.com/ 2: http://fnd.footnoted.com
This seems like a very good use case for GPT models: Surfacing buried information.
I have used it for that very use case while analyzing the terms and conditions of some documents before signing. I still read them all myself as well, because I do not trust the current state of GPT to not miss anything important. But it helped me get a basic understanding and overview before I started my own analysis.
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#67This reminds me of Footnoted*, [1] a site that surfaces useful info that companies hide in footnotes, bury on a Friday afternoon dump, etc. I think there's a weekly newsletter that comes out after the Friday news dump has been picked through. EDIT: found the newsletter [2] 1: https://www.footnoted.com/ 2: http://fnd.footnoted.com
This seems like a very good use case for GPT models: Surfacing buried information.
Or to write the press releases published along side SEC filings.
Notbsure why that actually helps, the SEC filongs are public... Justvanother case of the public and media not giving a damn about primary sources anymore.
Edit: From the article:
>> “We find it surprising this behavior is so effective,” Watkins said. “Investors should not assume press releases cover all events happening at a company at a given time.”
Apparently I am not the only one who is puzzled by thale fact the press releases actually seem to work...
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#68How 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"
Actually, those SEC filings are not that jard to read. I had a collegue who used ChatGPT to summarize those for him. Since even SEC filings contain letters to shareholders, all they got was a ChatGPT version of that, missing all the relevant and important stuff about risks and such. Also, what is not written in those filings is at at least as important as what is written, ChatGPT utterly fails here.
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#69Earlier quoted context omitted.
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…
The very fact that people go to such lengths to rig trading systems in their favor suggests they're not worth retaining in their current form.
Like Robinhood and all those other "free" trading plattforms?
Re: Companies hide negative news with unrelated press releases alongside SEC filings
#70Wow, really?