StockTwits – the title says it all. Share trading information and ideas on twitter
StockTwits is a new online platform, which uses Twitter. It allows amateur (virgin share traders) and day traders to message each other in the usual succinct Twitter format and it is proving a big hit, according to its co-founder.
StockTwits is fast becoming one of the most popular ways for traders to track relevant discussions on Twitter. About 90,000 people have already signed up to the site, with around 15,000 actively contributing while the rest listen in and is one of the Twitter app success stories.
“There is an ability to connect fast with like-minded people, share and chew on ideas, banter, advise, yell at dumb ideas and gather conviction if need be,” Howard Lindzon, StockTwit’s co-founder told the FT. Lindzon envisions this new app as the “Social Bloomberg” or the “Facebook for Finance.”
According to the Telegraph, one user of StockTwits, an airline pilot who trades in his spare time, said that “You don’t go to Twitter for stock tips; it’s more useful to learn how other guys trade.”
If you’ve used TweetDeck, one of the many twitter apps to manage your twitter messages then the new StockTwits Desktop will be very familiar to you. Unfortunately for those of us living outside the US Stocktwits is very NASDAQ focused.
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