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Stock Tweeting

A new website offers screening of tweets for specific stock news.  The site, http://www.stocktweeting.com/, allows users to screen their normal tweet stream to segregate the stock tweets.

Penny Crosman, writing at Wall Street and Technology (here), provides the following description:

"Using StockTweeting, you sign in with your Twitter name and password, click on a company you're interested in, and a rolling window of all tweets related to that firm opens, including news stories and opinions. If you're following a large cap company like Citigroup, this is still a high volume of tweets to try to keep up with. A "pause" button lets you stop the action and actually read the recent entries."

This is of great importance to Seeking Alpha users and authors.  It greatly enhances the usefulness of Twitter in doing research on current rumors and scuttlebutt.

If this new service becomes widely used, it can greatly enhance the exposure of SA authors who link their posts to Twitter.  You can accessTwitter here and link to Twitter through the Settings options topic on your personal profile edit page.

I have tried a couple of experiments on the StockTweeting website (here).  (By the way, the web site is labeled "Beta" and is free.)  In one of them, I inputted IBM and observed the tweet stream.  My observations:

1.  There were 27 tweets displayed, starting at 4:29 am and ending at 1:15 pm today.  Several tweets were added in real time as I watched.

2.  Three sources provided more than half of the tweets (14).  These were CNBC (8), brokerz_figures (4) and bored2tears (2).

3.  In some cases the primary topic was totally unrelated to IBM (several were headlining the price of oil). 

4.  Nine were ReTweets, with two RTs referring to sources not in the Tweet stream.

5.  I tried four hyperlinks and did not get a response.  Two links were to CNBC pages, one was to Reuters and one was to a URL associated with brokerz_figures.

After talking with the site developer, Matthew Hagens of marketing firm HagensMedia, Austin, Texas, I was directed to use a work around.  But I didn't need the work around long - within an hour the system was updated and I had no further trouble with the links.
 
Matthew said his operating system will allow filtered tweet selection using chained logic.  For example, one might screen for IBM and (Microsoft or MSFT).

There is a big potential here for focused social networking by investors and real time gossip filtering, as well as real time links to valuable new analysis.  Matt told me that his business model involves keeping all site functions free to users.  His income model is based on a non-intrusive use of advertising sponsors.