asked on

Need Software program or access to a service that analyzes financial stock news to indicate if the news was Good or Bad.

Hi Experts,
I hope this is the right forum for this question. To help with stock trading I am looking for either a program (in Visual Basic) or a service provider that automatically reads financial news about companies and indicates if that news was good or bad.
There are some services and programs but those are either very expensive or are are using Java. I need something that is not very expensive and that I can try using Visual Basic or html.

moorhouselondon

News may be good or bad, but it's all relative. Bad news might conceivably raise a share's price simply because the market had already built-in to the current price the expectation that the news was going to be worse than actually reported.

tbsgadi

Have a look at the following:

http://www.filetransit.com/topfilefree.php?name=Stock_Toolbar

Good Luck!

Gary

ASKER CERTIFIED SOLUTION

bleech677

membership

This solution is only available to members.

To access this solution, you must be a member of Experts Exchange.

Start Free Trial

bleech677

Did you try google alerts?

moorhouselondon

What also needs to be considered is that it isn't beyond the realms of possibility for someone to spread malicious news about a company in a way that will be accepted by google enough to be planted at the top of searches. See, for example:-

http://en.wikipedia.org/wiki/Google_bomb

There was a case recently where bad news was re-released inadvertantly. Now some people who acted on that news thinking it was new news might do the wrong thing:-

http://www.news.com.au/business/story/0,27753,24323801-14334,00.html

Here is a frightening statistic:-

In 2006 at the London Stock Exchange, over 40% of all orders were entered by algo traders, with 60% predicted for 2007.

http://en.wikipedia.org/wiki/Algorithmic_trading

Why is this frightening? All it takes is trading activity that emulates an impending crash in the market and the sell algorithms could go into operation automatically, causing a self-perpetuating domino effect.