Actually it would be implemented as a tracking portfolio. For
example, 'A-List : 03/16/99' would be inserted as the name of
this list if you did it today.
Stocks that were inserted onto the A-List because of a bullish
event (analyst upgrade, record price breakout, etc) would be
entered as long. Stocks that were inserted onto the A-List
because of a bearish event would be entered as shorts.
I see it as a challenge to create the most compelling
list of ideas entirely through automation. Multiple input
streams can factor into the
construction of this list and be used as weighted
qualifiers (news, technicals, community, CEO
to appear on CNBC the next day - anything you can _quantify_
as an 'event') but the end goal is to produce a list that is
a compelling aggregation of 'whats happening'. An intelligent
agent can then grok the web for 'relevant links'. A composite
can be put together (etc). A staff of journalists can
investigate (etc).
As far as multiple watchlists - the watchlist object on
clearstation is really a quick on-off. Wherever you are
on the site (graph, news, discussion) and you want to
quickly bookmark the stock (idea) without losing your
current place you can 'Add to WatchList'. If you had
multiple watchlists, it instantly becomes more screens.
ie : 'which watchlist'? What isn't needed is multiple
watchlists (one-off) but a more ready and convenient way
to add a stock to one of your tracking portfolios. So
if you quickly bookmark the idea, watchlist. If you want
to categorize, 'Add to Portfolio' would be a clickable
that would take you to a screen where you select 'which
portfolio'. The benefit of Portfolio is that you have that
blue circle which is a good graphic representation of when
you added that stock. Of course, you would be redirected
back to where you were but its more steps.
So, functionality wise you need to be accomplish one-off
(watchlist) and more persistent categorization and tracking
(portfolio). Adding the 'Add to Portfolio' is in our
project plan ;)
Canadian equities : that's a toughie. Are Canadian stock tickers
distinct from US tickers? Our current database is set up so
that ticker symbols are unique. We would have to expand that
to include 'exchange' if there are some Canadian tickers that
are the same as US tickers. If they are distinct, its only
a matter of calling comstock and telling them 'turn on Canada'.
Also, what are the hours of trade in Canada? If they don't
match US trading hours then that would be additional work.
We would have to fire off aggregation and algorithms on an
exchange by exchange basis. Currently, we just say 'do it'
across all exchanges that we cover.
kensey |
