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For the new readers here, this is a special issue featuring a new tool that we have just launched.
Getting accurate and reliable financial information is key to making sound investing decisions. That’s exactly what we have been doing at Market Sentiment - Whether it’s analyzing more than 20,000 stock picks of Jim Cramer or combing through 20 million comments on Wallstreetbets or evaluating 2,000+ cryptos to create a DCA strategy, data and not opinions were at the center of all our analysis.
We wanted to extend the same philosophy to social media. I spend a decent chunk of my time on Reddit and Twitter scouting for interesting ideas and alternative viewpoints. One thing has been nagging me since the start - that such large platforms have no way to look up company and macroeconomic data. I have to jump platforms and explore multiple different websites every time I come across a new company, a stock idea, or breaking news, just to get a basic understanding of how the stock of the company has been performing.
Imagine if there was a way to directly get the stock price, fundamental data, and macroeconomic information just by tagging a bot and the company ticker. Now you can, with
How it works
askstockbot is a nifty tool that can help you get quick information about companies and general macroeconomic conditions. To use the tool:
Twitter - Tweet out "@askstockbot + command + ticker"
eg: @askstockbot status AAPL
Reddit - Comment " u/askstockbot + command + ticker"
eg: u/askstockbot status AAPL
Quick note - Since it’s a new bot, the replies might get hidden by Twitter/Reddit. To give the bot more credibility - On Twitter, please follow the bot and like the response. On Reddit, you can just upvote the response so that the algo knows that it’s not spam. Thanks.
Let me walk you through how and when you would use these.
Status can be used for finding short-term stock price trends. If you see any breaking news/updates on the company that you follow and want to know what happened to the stock price, just tag @askstockbot.
As an example, Alibaba was trending yesterday due to its crashing stock price. You can just call the bot with the command “@askstockbot status BABA” and the bot will instantaneously return you the following information.
As you can see, the stock price cratered yesterday with it dropping 12% and the YTD return is also abysmal with the company losing half its value. One silver lining here is that analysts expect the price to go up over the long term.
We’ve also got you covered if you are a long-term investor who is not interested in the day-to-day volatility. Just respond to any tweet with @askstockbot + zoomout + Ticker and you will get a snapshot of how the stock has performed over the last 10 years.
While I am no fan of Elon, you cannot ignore the massive returns generated by Tesla over the past decade. The company has returned 100x over the last 10 years.
Fundamentals are key in evaluating a company’s financial health. Here is Cramer being bullish on Meta (sigh.. may the lord have mercy on Zuck) and we want to quickly see if there is any bull case by checking Meta’s fundamentals.
Meta has a great profit margin, fair PE ratio, and fantastic return on equity. The cherry on top is that the average analyst price target is 66% higher than what the stock is trading for right now. While this is in no way a complete picture of the company, it’s insightful enough to give you a quick start.
Finally, what’s a stock market bot without including macroeconomic information? Tag askstockbot and ask macro and you will get the latest GDP, Fed rate, Treasury yield, and much more.
Quick note - All the above commands would work exactly the same in Reddit. The only difference is instead of calling the bot @askstockbot, just call it by using u/askstockbot
You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future - Steve Jobs
We believe this is just the beginning and there are a lot more use cases for the bot that we will be adding in the coming weeks. I will be updating this post as we release new features.
Benchmark - Compare the performance of your company/ETF against market benchmarks such as QQQ & SPY. You could even compare the performance of any two companies over different timespans.
Technical Indicators - SMA, EMA, WMA, and T3 all can be directly obtained from the bot.
Crypto - Provide data for Crypto the same way we do now for stocks
GPT-3 - This would be the holy grail where the bot is able to process natural language and use AI to give the latest information.
Let us know your take. Are there any features that we missed out on? Do you have any feature requests?
Disclaimer: I am not a financial advisor. Please do your own research before investing.