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Founder and Managing Principal of TBJ Investments, LLC. Currently Investor at Buzzient, Inc. Previously CEO at Buzzient, BionTTech and EBA Systems. Former Associate at Mohr, Davidow Ventures. Investing in early stage software/web/mobile,university commercializations and spin outs. Developing... More
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TBJ Investments, LLC
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The Social Customer
  • $CAB Cabela's: Negative Correlation Between Sentiment And Stock Price? 0 comments
    Feb 14, 2013 9:36 PM | about stocks: CAB

    $CAB Cabela's: Negative correlation between sentiment and stock price?

    This is one worth exploring. In comparing the Buzzient sentiment charts for Cabela's over the last 7 days and the Bloomberg chart for stock price, it's almost like they're inversely correlated:

    $CAB 2013-02-14-14-40-55954368

    Case in point, Feb 8 was the high point for sentiment, which correlates to the low point for the stock price in the past week. Is it that social sentiment drives new stock purchase behavior, hence the increase in stock price lags? If so, then using social media sentiment could be a VERY interesting and profitable technical indicator of where stock prices are going to go, particularly for long-oriented investors. Will analyze this further over time, but another tidbit of data on the potential application of social media analytics and sentiment to equities, ETF, and other long instrument trading.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: Investor in, and CEO of Buzzientwww.buzzient.com

    Stocks: CAB
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