DCM Dealer software platform mines social media for stock sentiment, Wall Street licks its chops
Posted in: Today's Chili In this episode of “What could possibly go wrong?!“, allow us to introduce you to DCM Dealer. Billed as an “online trading platform,” this here project was whipped up by the same London-based investment outfit (DCM Capital) that went belly-up after losing some $40 million in assets in just one month during the summer of 2011. Granted, that was a pretty tough time in the market, and it did manage to squeeze out a 1.9 percent gain in the period it was open, but it’s still worth keeping in mind. Now, the firm is hoping to catch a second wind with a tool that mines Twitter, Facebook, and the whole of social media in order to pick up clues about the public’s view on a stock. Reportedly, it’ll spit out real-time ratings from 0 (negative) to 100 (positive), giving investors yet another “leading indicator” on what to invest in flip for a quick buck.
Founder Paul Hawtin confesses: “This is not some kind of holy grail of buy-sell signals that’s guaranteed to make you money. This is an additional layer of market information…markets are driven by greed and fear, so if you can understand fear and quantify it in real-time, you could use that to protect yourself.” We’ll leave it to the 99 percent to comment on the idea below.
Twitter announces ‘Trends’ for 100 more cities, spreads the trending topics love
Posted in: Today's ChiliEven though there’s an ongoing kerfuffle between social giants Instagram and Twitter, the microblogging service is putting that aside and focusing its own efforts on improving the experience for some of its (many) users. With that in mind, Twitter announced earlier today that it has expanded its trending topics feature, also known as Trends, to an additional 100 cities around the world, including big-name places like Frankfurt in Germany and Guadalajara down in Mexico. Of course, this means more people can now easily glance at some of the most talked about things around the Blue Bird social network — still, don’t expect Justin Bieber’s name to pop up every single day on the list, as Twitter was pretty clear on how it feels about that.
Filed under: Internet
Via: The Next Web
Source: Twitter