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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?
Earlier quoted context omitted.
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.
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…
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?
Earlier quoted context omitted.
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.
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…
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 investors pay fees and spread, and if you find a way to collect those, you have a strategy. Usually, spread protects the security seller against adverse selection and market movements. But if you sell to someone who certainly doesn't know more than you do, you can just collect the spread without taking any of the risks. This is why payment-for-order-flow is viable, and why retail traders get lower fees on platforms like Robinhood than professional traders on platforms like IBKR Pro.
Whatever you do, you're probably not going to find a better strategy than the multi-billion dollar hedge funds trying to do the exact same thing but with a team of 200, and you'd just end up as one of those "retail investors" you'd try to exploit. Boglehead is the smart choice.
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?
This is practically real time: https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=... also available as an RSS/Atom format feed: https://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent&C... There is also a paid-for service called PDS ( https://www.sec.gov/oit/announcement/public-dissemination-se... ) which isn't necessarily any faster but can be more reliable.
Interestingly, I noticed Amazon's CEO of Retail, Doug Herrington, dumping sizable amounts of Amazon stock[1].
This activity is coupled with growing complaints about Amazon's quality of goods[2], delivery[3][6] and ability to return those goods[2][4][5][8][9]. Amazon is now requiring customers to file a police report in order for their credible return to be accepted[7][10][11]. Amazon is also canceling union-backed delivery contracts[12], choosing instead to offer customers $10 to pick up their packages[13].
Oh, and tons of people are reportedly canceling Prime memberships[14].
Should we consider this salient signal of a downturn for Amazon?
[1]https://www.benzinga.com/sec/insider-trades/search/index?com.... [2]https://www.reddit.com/r/amazonprime/comments/13cieyc/receiv... [3]https://www.reddit.com/r/amazonprime/comments/13cjvq7/update... [4]https://www.reddit.com/r/amazonprime/comments/13c1hei/the_er... [5]https://www.reddit.com/r/amazonprime/comments/13cbd31/return... [6]https://www.reddit.com/r/amazonprime/comments/13calra/thats_... [7]https://www.reddit.com/r/amazonprime/comments/xiaiqe/amazon_... [8]https://www.reddit.com/r/amazonprime/comments/13avfyg/amazon... [9]https://www.reddit.com/r/amazonprime/comments/1338hzs/amazon... [10]https://www.reddit.com/r/amazonprime/comments/y457gw/amazon_... [11]https://www.reddit.com/r/amazonprime/search/?q=police+report... [12]https://www.reddit.com/r/AmazonDSPDrivers/comments/136jfe9/a... [13]https://www.reddit.com/r/technews/comments/13cmrh8/amazon_of... [14]https://www.reddit.com/r/amazonprime/search/?q=cancel+prime&...
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?
For the highest level functions of our society, this feedback is humans and politics. We need a politics that allows issues in the financial system (and all other societal systems) to be assessed and changed over time, responsive to the needs of the people.
Earlier quoted context omitted.
This is practically real time: https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=... also available as an RSS/Atom format feed: https://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent&C... There is also a paid-for service called PDS ( https://www.sec.gov/oit/announcement/public-dissemination-se... ) which isn't necessarily any faster but can be more reliable.
Thanks for the links. Interestingly, I noticed Amazon's CEO of Retail, Doug Herrington, dumping sizable amounts of Amazon stock[1]. This activity is coupled with growing complaints about Amazon's quality of goods[2], delivery[3][6] and ability to return those goods[2][4][5][8][9]. Amazon is now requiring customers to file a police report in order for their credible return to be accepted[7][10][11]. Amazon is also can…
Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.