Use access key #2 to skip to page content.

Note to The Motley Fool - You're Missing your Opportunity with CAPS.

Recs

16

March 20, 2014 – Comments (3)

At the top of Seeking Alpha's homepage, they have added a hyperlink that redirects to a WSJ article.  The article is titled: "Study: Crowd Sourced Stock Opinions Beat Analysts, News."

Here's a passage from the article:

"Researchers from City University of Hong Kong, Purdue University and Georgia Institute of Technology found that the tone of stock market opinion blogs published on investor forum Seeking Alpha predicted stock returns, as well as earnings surprises, above and beyond what was evident from Wall Street analyst reports and financial news articles."

And one more:

"It's clear that we're sitting on valuable data.  We need to mine and share more data about what the community is thinking and doing." - Seeking Alpha CEO David Jackson 

Seeking Alpha probably just doubled their site traffic with this article.  They get it and they're doing it.

In the article, there is no mention of The Motley Fool or CAPS.  No mention of the fact that readers of CAPS blogs can look at authors' actual stock picks.  No mention of the fact that authors are given a score based on the success of their stock picks.  No mention that stocks are ranked 1-5 stars based on red and green thumbs from rated CAPS players. 

Why isn't there a WSJ  article tited: "Study: Crowdsourced Stock PICKS Beat Analysts, News?" 

The Motley Fool's latest ideas for traffic and revenue growth aren't stemming from innovation around creating the world's best stock opinion/selection/thought leadership forum.  Their latest ideas for revenue growth include a Motley Fool Credit card with a 14% APR.  

Earth to The Motley Fool: if you don't know what to do with CAPS, hire a consulting firm to help you out. It doesn't have to be McKinsey, you could hire IBM.  They specialize in data utilization.  Stop trying to catch up to Seeking Alpha.  You need to one-up them.  But you have to do it with CAPS - otherwise you have no competitive advantage.

On a side note: are there any code/tech/startup guys on this site that think they could recreate CAPS elsewhere (with a few tweaks, obviously)?  I realize this concept was really groundbreaking 10 years ago, but is it that difficult to create, now?

3 Comments – Post Your Own

#1) On March 21, 2014 at 4:10 AM, jiltin (32.07) wrote:

are there any code/tech/startup guys on this site that think they could recreate CAPS elsewhere (with a few tweaks, obviously)?  I realize this concept was really groundbreaking 10 years ago, but is it that difficult to create, now?

==> I do not know how to get live stream of ticker data without any subscriptions to some company. If I know the company and their API to connect (even paid service), I can do it.

If you outline how CAPS must work, I can try my level best in PHP+MYSQL (LAMP) or oracle system.

I have many years software experience and still develop code. Have web two dedicated dell web servers available in the internet.

But, I need to form of documentation like what are the major factors to consider.

 

 

Report this comment
#2) On March 21, 2014 at 11:14 AM, ryanalexanderson (< 20) wrote:

Totally agree. CAPS is a great tool, and the star system is a great asset to quickly screen if a stock is worthy of further research. I hope MF reboots it at some point. 

But I'm not optimistic. After all - how long have the S&P and Dow hyperlinks on the home page, www.fool.comlinked to a useless placeholder CAPS page that don't even have a chart on it? Years, by my count. Possible a decade! If they don't even address this fundamental issue on their home page first, not much hope for the rest.

jiltin - Interactive Brokers is a good one for live feeds. Java/C/Python/others wrappers, quite sophisticated, well-documented API. I'm not sure about hitting them for the entire contents of the NYSE, though...

Report this comment
#3) On March 25, 2014 at 9:51 PM, jiltin (32.07) wrote:

ryanalexanderson,  

One more info. I just closed   Interactive Brokers  few days before. Is it possible to re-open the account? Any way I will check with the support. I did not use them, but fed up with them after their login page did not allow me often. 

Thank you. 

 

Report this comment

Featured Broker Partners


Advertisement