Thanks to TechCrunch, I just found an interesting site that can help investors find hot stocks. StockTwits is like Twitter for investors.
Rather than search with the popular hash-tag used in Twitter, StockTwits uses a system to help investors follow particular stocks or users to find the latest trades and news. I tried a search for $NEM, to find news on Newmont Mining, and was impressed to see many users talking about it today.
I would by no means by or sell a stock based on someones Twit, but it is a fun research tool that can lead to finding great investments on your own.
The site has some integration with popular news outlets and companies like Bloomberg, CNN, NASDAQ, CBOE, and CME, which lends some credibility. Just remember, each Twit is a random investor’s opinion. They may be right or wrong and you may make or lose money if you follow their advice.
