I was curious if anyone has been using Co-pilot, the free version that comes with the Edge browser, to get information on stocks. Has it worked out well for you, either for long-term, shorter-term, or very short-term trading positions?
I asked, for instance, about Nintendo stock and when to sell after the new console was released. I think it answered fairly accurately, although I believe it mixed up the share classes.
But what questions have you asked, and is the info accurate in your estimation? When I asked about NTDOY, I wanted to know about the cycle of the stock from release of the last console until the height of the ADR’s rise. It was helpful.
But when I asked what was the final trade of a participant on CNBC’s Fast Money, it got the wrong answer (I would have thought that would have been an easy one).
When I ask sometimes about past performance and dividend history, it’s a mixed bag.
Thanks for any thoughts and experiences with Co-pilot.
Esxokm, when the switch came out in 3/8/21 it didn’t seem to move the stock at all. If you look at that red line that is when it came out. The stock was at $68.13 and a year later it was much cheaper at about $56 dollars.
I haven’t used any AI to look at my stocks but I think I need to start. More as a tool to investigate, I am not sure how well it will do telling you when to trade. I am just wondering if everyone does it won’t it just be arbritraged away?
I thought of the arbitrage angle as well. The way I put it is, if everyone starts trading with their own personal AI’s, which essentially means AI’s are trading with each other, isn’t that like the scene in The Social Network with the Winklevoss twins in the boat saying they are genetically equal and if they rowed opposite each other in the boat, science says they would stand still?
About the only thing I can think of is these hypothetical AI’s would need to do deeper research to get an edge, maybe try to scrape a lot of arcane data, create websites with dummy content to see what consumers think, and maybe even try to get into systems. Perhaps the best thing they could do is gauge sentiment on a stock by following social media and gauge passive-investment flows; and of course they would need to shorten the time frames of trading even further than they are now (if that is even possible given what already goes on). Presumably they will try to cajole the AI’s of analysts to upgrade/downgrade the stocks they just bought too.
Thanks for the chart, that is very helpful. That shows some divergence from the answer I received. I appreciate your help…
No problem. IBD charts allow you to go back to any time and go through a chart day by day, week by week, or month by month. You, along with the Captain gave me an idea. I don’t see why AI couldn’t help people pick puts and Covered Calls. That might be an interesting study but how long before everyone is doing it? I am sure some interesting problem solving will come with AI.
The interesting thing about that is it would help people generate passive income for themselves. And if it could be paired with fractional option shares, people of all levels could utilize it. As you say though, what happens when everyone does it. It honestly boggles my mind and starts to feel like the snake eating itself (can’t spell its name)…
