Thursday, December 24, 2015
Today's Worst Article
Sometimes I skim through the article Yahoo Finance associates with my stocks. The system is not perfect. When I owned Coach, sometimes they gave me news related to coaching changes.
But worse than putting the wrong articles with a stock are these computer written articles. And there seem to be more and more of the schlep.
One that made me laugh was related to KING. Now this is a company that is being bought by ATVI. While it is a stock to buy if you are interested in arbitrage, it very likely has limited upside or downside (probably 95% certainty). Check out the headline from Zacks: (King Digital Stock: 3 Reasons Why KING Is a Top Choice for Momentum Investors).
They may be able to give their computerized three reasons. But I can give one reason that trumps them all on why it is a terrible stock for momentum investors. In fact, since the deal was announced in early November, the price has not varied more than 25 cents. ($17.65 to $17.90).
Posted by Marsh_Gerda at 5:25 AM