What would you imagine that an options book for beginners would tell you? About the danger of trading emotions and buying weekly options? The market rigging every Friday? Didn't think so.
Money doesn't forgive.
One of the posited reasons for the decline of the Roman Empire is that slavery had become very rare in the late days of the Empire. (no supply) The quality and quantity of available soldiers was also on the decline. There were massive population centers, the biggest being Rome, but a large number of those people did very little and survived on the dole. Able and willing labor was, in fact, (relatively) not cheap.
Ha -- there is no good book on options. The only option info they will give you is the basics of what an option is. The rest is going to be hogwash.
Okay. But, again, just looking at the Avon fake buyout offer, it has got to give one perspective on how horrible the AI is. News-reading algos are using word weight analysis to determine prices. Such technology is the definition of simplistic.
Here's the way I look at it: algos move the markets on news. They are not necessarily smarter. What they are good at, though, is predicting how other algos will move. The small-time investor has no chance against algos in the short term, but it makes all the difference in the long term. The individual investor, small or large, determines what a price of a company in the long run.
AI is at least a decade away from the level of reasoning required to truly understand and value a stock.
What I meant is that the earnings could go down to show a 15 P/E at the current price of 47.50 next year and the price would still be "OK", as long as sales weren't showing signs of crashing. (youtube videos or otherwise)
By the way, I don't know if I can watch those videos. I am more inclined to do value investing for retail companies that have bottomed and aren't bleeding. I ran out of LULU last year at low 40s, after many false starts and then it went to 65. I like pharma stuff more.
It will. There is plenty of dilution and debt possible before it goes bankrupt. It can survive for 3-5 more years without any revenue improvement.
It's a real shame that management was so inept and greedy.