Comment on Robinhood admits it’s just a gambling app.
scarabic@lemmy.world 2 weeks agoI work for a publicly traded company and I have some visibility into what’s happening with our products and business. Then I read the Y! Finance page about our stock and it’s all weird math trends analyses and absolutely zero about our company, its fundamentals, and the future of our business. Stock trading is just a bunch of assholes trying to sift the sea to divine a magic formula. The irony is that their own behavior drives the price changes, so they are feeding straight into the data they are trying to read and act on. What a circle jerk.
dan@upvote.au 2 weeks ago
The market is wild sometimes. I work for a fairly large company. Sometimes in our earnings reports, we exceed EPS and revenue expectations (which is good), but don’t exceed them as much as some analysts think we’ll exceed them, so the stock goes down. The expectation is that we’ll always exceed the expectations lol
scarabic@lemmy.world 2 weeks ago
Yes, and good news about the company can drive the stock price down, if enough people decide that that’s probably a high point for the near future and a good time to sell and take profits.
btaf45@lemmy.world 2 weeks ago
Companies should not even be issuing future “earnings expectations”. They mean little and warp the market. Drives me crazy when I hear financial talk about "future p/e’. It’s just a fake number. The only real p/e ratio is the trailing p/e ratio.