Re:A web-reading bot made millions on the options market
by IkmoIkmo on Sunday April 26, 2015 @06:10AM
(#9441218)
Yeah you remember a few weeks ago the Tesla stock moved $2 when Tesla announced its april fools new product? That was completely automated.
It may not even have had to discern a new product announcement or launch. It may have just looked at twitter volume mentioning Tesla which doubled that day, and did sentiment analysis (much easier, which showed the communication that day was very positive), and purchased a bit of stock based on that. Who knows.
Re:A web-reading bot made millions on the options market
by novaleaf on Sunday April 26, 2015 @08:20AM
(#9441505)
The irony is that likely those bots actually did make money. It's the other bots that later "jumped on the bandwagon" (and perhaps a couple humans) that probably lost big.
It may not even have had to discern a new product announcement or launch. It may have just looked at twitter volume mentioning Tesla which doubled that day, and did sentiment analysis (much easier, which showed the communication that day was very positive), and purchased a bit of stock based on that. Who knows.