10 Oversold Stocks Seeing Bullish Sentiment On Twitter
By Contextuall:By now, everyone's heard of hedge funds using Twitter sentiment analysis to come up with trading ideas.The idea is simple yet powerful. Social media platforms like Twitter create massive amounts of data on real-time sentiment. If you can filter out the noise (and Justin Bieber fans), you could find some interesting trading ideas from the 250M+ daily tweets.From Reuters:
"It won't make you a millionaire overnight, but it does work," said Richard Gardner, president and CEO of Modulus Financial Engineering, which amasses historic Twitter data for hedge funds and research firms to crunch. "The markets are moved by emotion, and I think this is going to be the future of trading. You can actually see global moods moving up and down in real time."
There have also been several academic papers suggesting that tweets could be correlated with stock market performance. John Bollen, for example, recently submitted aComplete Story »