mike_barton
Editor

Day-trade grid-style with Gstock

news
Sep 27, 20061 min

GStock.com launched Wednesday what it said was the first-ever virtual supercomputer dedicated to stock picking.

The company said its new site harnessed the computing power of Internet-linked volunteer computers around the world, calculating and scanning stocks 24 hours a day, with over one billion strategies tested per stock, for “profitable trades with a high degree of certainty”, said Oren Rossen co-founder of GStock.com.

So, just how certain is it? The company said it tested over a two and a half year period and it yielded an average 5.1% return per trade over a 53-day period, with 21,000 of the 30,000 trades — or 70 percent — yielding profits.

Tal Schwartz, Ph.D in Finance and Economics Instructor, California Institute of Technology, said in Gstock.com’s press release: “Building a virtual supercomputer to test billions of algorithms in search of profitable investment strategies is certainly a tremendous leap forward in personal finance and portfolio management.”

I’m looking for some analysts to comment and will post their response if I get one.

Hey day-traders: Would you trust your investing to a grid-style supercomputer? Talk back to us.

mike_barton

Mike Barton started out in online slinging HTML for CNET.com in the late 1990s and began his editorial career at New Media magazine shortly thereafter. In his early days, he was an editor at Ziff-Davis's PC Computing and ZDNet.com before heading Down Under, where he produced and edited the business and technology sections of The Sydney Morning Herald online. After returning to the States in 2006, he has worked for IDG's Infoworld, PCWorld, Computerworld, and CSO Online. He currently edits and produces WIRED.com's Innovation Insights, and is a contributing editor at ITworld.

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