Posts tagged stocktweeting
Twitter Grows Up and Puts on a Business Suit
Jan 20th
Stocktweeting, an innovative website that lets you interact with investors about publicly traded companies on top of the micro-blogging service Twitter has officially gone from alpha to beta status this past holiday weekend while unveiling a slew of new features in the process.
One new feature that we think will become an instant hit in the Twitter world is their new stock voting concept. The website now boasts a social voting feature to rate publicly traded companies by tracking if users post tweets with a ‘+’ or ‘-‘.
Example
$INTC+: Indicates that you are bullish on Intel’s stock
$JPM-: Indicates that you are bearish on JPMorgan Chase & Co.’s stock
$AAPL=: Indicates that you recommend holding or are neutral on Apple’s stock
“Putting a plus or minus after a ticker symbol will quickly become a very popular twitterism – the same way that adding a dollar sign in front of a publicly traded ticker symbol became such an industry standard in ‘09.” said Matt Hagens, CEO of Stocktweeting.com. “This idea is still fresh; however, we will soon have the ability to track thousands of votes simultaneously to see if shareholders are bull or bear on a particular stock. We are not limiting this to just our site stocktweeting.com, our algorithm will calculate every vote within the freewheeling masses of Twitter stratosphere. This would essentially make guys like Jim Cramer obsolete. I’ll take a community’s sentiment over one guy’s opinion any day of the week.”
About Stocktweeting
Stocktweeting leverages the power of the Twitter community and its real-time aspect to generate investment ideas by using common word filters to bring traders together over their network. Stocktweeting is an Austin, TX based start-up business self funded by Matthew Hagens of HagensMedia, LLC. Mr. Hagens has a strong background in both web2.0 technology and finance, with a sound passion for Twitter and social media.
Stocktweeting.com Weekly Community Voting Sentiment Summary
$GOOG+ Bullish – Google Inc. (NASDAQ: GOOG)
$KFT+ Bullish – Kraft Foods Inc. (NYSE: KFT)
$CSCO+ Bullish –Cisco Sytems (NASDAQ: CSCO)
$DAL- Bearish – Delta Air Lines Inc. (NYSE: DAL)
$BIDU- Bearish – Baidu, Inc. (NASDAQ: BIDU)
$SRZ- Bearish – Sunrise Senior Living Inc. (NYSE: SRZ)
Making a Splash with Twitter
Dec 2nd
Twitter’s popularity seems to be ballooning at a rate similar to our national deficit.
Twitter’s recent Neilson ranking as the fastest growing member-community site renders it a force to be reckoned with. It’s the shark in the ocean – and it doesn’t seem like there’s anything that anyone can do to stop it.
So if you can’t beat them, join them, or as Matthew Hagens, founder and CEO of upstart Stocktweeting.com like to say, fuse them.
“In a world full of financial news, it’s hard to get personalized financial chatter spoon fed to your wireless device. Connecting with the 800lb gorilla (Twitter) to fuse this information seemed like a logical answer for our customers and our company,” stated Hagens. “As Twitter grows, we grow.”
Among the largest of sharks one can always find a few Remora fish alongside.
Small upstarts like Stocktweeting.com and Stocktwits.com have made quite a splash this year by providing their social investing communities with live ‘tweeted’ financial information. Yet as complex as the business model sounds, their recent successes are due largely to their simplistic nature – live financial tweets, personally tailored to suit each member’s portfolio. That’s something even whales like Yahoo (Nasdaq: Yhoo) and Google (Nasdaq: Goog) can’t provide. And best of all, it’s free.
How small these two companies stay, well, depends on how much their king (Twitter) eats. Judging by the latest internet site rankings, a February 2009 Compete.com blog entry ranked Twitter as the third most used social network based on their count of 6 million unique monthly visitors and 55 million monthly visits, the king seems to be eating quite well.
So while Twitter grows in popularity within the investing community, will upstarts like Stocktweeting.com and Stocktwits.com begin to make waves?
Should be an interesting ride.
