Fwiw - I googled and found the Forbes article and
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Posted On: 03/02/2023 12:35:25 PM
Re: Evil Rabbit #133179
Fwiw - I googled and found the Forbes article and see was dated 2/27 @ 10:39am so it was either a delayed reaction yesterday or was NVAX-related. Either way, came right back today and some decent bids out there, activity has slowed down tremendously so yesterday has the feel of "forced" selling by a small constituency otherwise if it was fundamentally based, we wouldn't have come back so quickly today imo.
That Forbes article is nonsense indeed though, it's just a blurb that looks on the surface of the financials of various companies and bases its recommendations on superficial information. Unfortunately often times this is how the quants, AI, robo-advisors do their magic. They screen public info and devise a one-size-fits-all recipe simply due to the volumes of stocks they are analyzing. That is where opportunity arises. A perfect example is I know several stocks that have high short interest so people think any move higher is a "squeeze" but in reality the majority of the short interest are folks hedging out their convertible preferreds so it's actually very low short interest in the practical sense - no squeeze would happen in such a situation but that's not what the models would spit out... (and various short baskets that comprise of high short interest stocks include these names in their short baskets despite the practical short interest really being low...)
So, just take everything (Forbes AI or anything else) with a grain of salt and make your own judgments based on your own due diligence...
That Forbes article is nonsense indeed though, it's just a blurb that looks on the surface of the financials of various companies and bases its recommendations on superficial information. Unfortunately often times this is how the quants, AI, robo-advisors do their magic. They screen public info and devise a one-size-fits-all recipe simply due to the volumes of stocks they are analyzing. That is where opportunity arises. A perfect example is I know several stocks that have high short interest so people think any move higher is a "squeeze" but in reality the majority of the short interest are folks hedging out their convertible preferreds so it's actually very low short interest in the practical sense - no squeeze would happen in such a situation but that's not what the models would spit out... (and various short baskets that comprise of high short interest stocks include these names in their short baskets despite the practical short interest really being low...)
So, just take everything (Forbes AI or anything else) with a grain of salt and make your own judgments based on your own due diligence...
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