I’m Proud To Announce I’m Now An Investor In StockTwits

Posted by Timothy Sykes on Mon 15th of Dec, 2008 02:17:33 PM
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You guys know I’m a big believer in Twitter (you can follow me HERE), I’ve even created a “TIMhelp” profile (which you can follow HERE) to answer any questions you might have so now that StockTwits.com, a new website that takes and organizes finance/stock related Tweets/commentary, has really started taking off, I knew I had to be a part of it.

Basically, it’s Twitter except if you include a ‘$’ sign before a ticker or a ‘$$’ sign in any of your Tweets, your message gets posted on StockTwits creating an extremely organized and data-mining friendly finance site.

Since it’s a private company–not an actively traded stock–I’ve only taken a small stake (especially considering my experiences with CYGT), but I think the risk/reward is great because of the following factors:

1. This is Howard Lindzon’s puppy, he’s got the skillset and connections to make this thing into a five- or ten-bagger just like he did with MyTrade.com & WallStrip. Add in Soren’s masterful design work and you’ve got a probable winner.

2. Expenses are minimal, it’s all user-generated content and unlike the vast majority of social networks out there, this content has value, mainly because the users are knowledgeable and sophisticated in an industry where the vast majority of the participants are not.

3. Unlike online ticketing, stocktwits operates in a niche I understand. I understand exactly how much better/practical Twitter’s infrastructure is for stock and finance commentary and I can’t wait for big finance portals like theStreet.com, Yahoo! Finance, Google Finance, MSN Money etc. to realize it.

4. I, along with many other financial bloggers who already love the service are gonna promote the hell outta it because a.) it’s quality b.) it’s innovative and c.), most importantly, following, nurturing and participating in the conversation makes us better traders/investors and whether we’re investors or not, it helps make us more profitable.

Check out some videos and screenshots of exactly what stocktwits is all about and get excited as I am about it:


What is StockTwits? from Plentitube on Vimeo.

stocktwits 3 Im Proud To Announce Im Now An Investor In StockTwits

stock twits 1 Im Proud To Announce Im Now An Investor In StockTwits

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  • nobody
    Hopefully this is not another Cygnus Inc! good luck
  • Soren suckered you in too, eh?

    I am an avid stocktwits user, and it's made me a better trader because of it. I couldn't imagine having trading hours without it.

    My user is here, btw: http://stocktwits.com/u/stevenplace
  • oh crap
    oh crap....now we will be inundated with even more posts with Tim promoting this crap. As if the DVDs weren't enough.....


    lol
  • my "crap" would put u up over 250% this year, u should be so lucky
  • lol
    lol

    not talking about your trading, just the endless self-promotion...its all good...guy has gotta make a buck....
  • forget about me making a $, that doesnt matter, what matters is my students making $...to give me better testimonials :)
  • nobody
    tim, how much did you invest in this? I am assuming it is sizable and you again get restricted shares that you might not sell easily.
  • holiday discounts for timalert subscribers only coming up later this week
  • NOVA
  • no steve, if u wanted to learn the strategy, u'd be a timalert member, i'm not dealing with these free idiots who blow out their $100 forex accounts, if u cant afford a few hundred doallrs, go mow lawns and then come back, pennystocking is a strategy for those with a few thousand or more, i'm already up $600 on my little trade today!
  • nobody
    Hope CPD tanks tomorrow!
  • CamelToe
    Tim-
    You're a twit for investing in this lame company! You obviously haven't learned from your past mistakes. That's a clear sign of what a mental midget you are!
  • Jay
    Tim, damit i liked that company, why did you have to go and invest in it, itll never stand a chance now.....
  • HaistePriessy
    Was ist das?
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