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How accurate are your 'neighborhood uncle' stock tips?

  • Writer: Bryan Teo
    Bryan Teo
  • Mar 21, 2019
  • 1 min read

Aunties too, if you know any.

Hello readers,

As part of my personal vision to increase literacy and due diligence in the participants of financial markets, I will be analyzing the effectiveness of the stock tips of the typical non-professionals.

I will be collecting 30 calls, as statistically it is sufficient to aggregate a normal distribution, from a discussion group from Facebook. I will try to be as objective as possible subject to a few selection criteria:

  • Callers are non-professionals as far as I know of

  • There is approximately 1 month historical data collected in the beginning so as to expedite the collection process.

  • Calls with obvious short time frames will not be collected (Example: Target to close short position in 1 month)

  • Vague calls will not be collected, such as "I feel this might go up"

  • Regardless of original caller's position, be it open or closed, data will be collected on it for a year.

  • All calls are weighted equally, regardless of share's market capitalization or original poster's holdings.

Example:

Example of a call

As of date of creation, the current data looks like this:

The project will be deemed complete when all 30 stocks are filled up and a year has elapsed from the last added call.

Stay tuned for updates!


 
 
 

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