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posted by
cmn32480
on Thursday October 29 2015, @09:09AM
from the 140-characters-should-be-enough-for-anybody dept.
from the 140-characters-should-be-enough-for-anybody dept.
Twitter reported a rise in revenue for the three months to September but the pace of growth in active users was the slowest since it joined the stock market in 2013.
Twitter had 320 million average active monthly users, up from 316 million the previous quarter, below investor hopes.
The social networking site reported revenues of $569m, up 58% from $361m during the same period last year.
The company's shares fell 11% after the results announcement.
Revenues up, active users up, shares down.
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Twitter Shares Fall 11% On Results
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Fraud is the homage that force pays to reason.
-- Charles Curtis, "A Commonplace Book"
(Score: 2) by mmcmonster on Thursday October 29 2015, @11:11AM
It's things like this that should convince the general public not to buy stocks.
There are so many non-tangible things that go into a stock price that you can never figure out which way it will go in advance. And churning stocks leads to tax implications.
If you want a good tip, however, buy a broad index fund with a low expense ratio like Vanguard Total Stock Market Index Fund or similar. And hold it until you retire.
(Score: 2) by Thexalon on Thursday October 29 2015, @11:29AM
I do a bunch of work for financial companies, and chatting with one of the finance guys I pointed out: "Any strategy to predict upcoming prices must be able to successfully and consistently beat flipping a coin." We got a good laugh out of that, because we both knew that a huge percentage of the strategies in use right now can't do that.
And yes, index funds are a great idea.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 0) by Anonymous Coward on Thursday October 29 2015, @01:34PM
> "Any strategy to predict upcoming prices must be able to successfully and consistently beat flipping a coin."
That's wrong. Consider the classic blackjack strategy of increasing bet size when the deck is in your favor. This strategy is used all the time in financial markets. It results is lots of small losses, a few large losses, and a few very large wins.
(Score: 2) by Thexalon on Thursday October 29 2015, @02:03PM
You're missing the point: The only people who actually know for certain whether the deck is in their favor are engaged in illegal insider trading.
Some of the stuff traded that has looked great on paper despite being absolutely lousy buys: Enron, sub-prime mortgage-backed-securities, Lehman Brothers, Madoff's funds, MF Global. The people who got heavily invested in all of those were on average highly trained and sophisticated investors ... and got suckered in just as easily as rubes viewing the J.T. Barnum museum.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 0) by Anonymous Coward on Thursday October 29 2015, @02:39PM
> The only people who actually know for certain whether the deck is in their favor are engaged in illegal insider trading.
Illegal insider trading is far from the only case where one can adjust bet size to have a greater number of losing "bets" and yet come out ahead of even odds. Knowing the deck is in your favor is not about knowing what the next card is going to be for sure, but rather counting the cards played (observable to all players) to know when the deck is more favorable.
(Score: 2) by Joe Desertrat on Thursday October 29 2015, @06:47PM
That's wrong. Consider the classic blackjack strategy of increasing bet size when the deck is in your favor. This strategy is used all the time in financial markets. It results is lots of small losses, a few large losses, and a few very large wins.
The trick here is to make sure the losses are using other people's money, while you get in at the right time with yours for the wins. Just ask any successful trader...
(Score: 2) by PizzaRollPlinkett on Thursday October 29 2015, @03:39PM
Remember the time Google was growing like 20% a year every year and the stock people were talking about it being disappointing? I don't still have the link, or I'd post it. I just saw Wired treating Mary Meeker like she was something special, when she basically was a cheerleader for the dot-com bubble as an "analyst" who just predicted everything would go up, and disappeared when it popped. Makes me glad I don't deal with the stock market.
(E-mail me if you want a pizza roll!)