CHATROOM

Do You Listen To Bloggers More Than Anyone Else?

December 13, 2008 at 8:00 am
by Timothy Sykes

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The results of this recent CNET news article caught my eye:

Half of all those surveyed who identify as “blog readers” (people who read more than one blog per month, a fifth of total survey respondents) say that blogs are important to them when it comes to making purchasing decisions. But they don’t necessarily find them to be all that reliable: only 15 percent of blog readers, and five percent of all those surveyed said that in the past year they had trusted a blog to help them make a purchase decision.

That’s still higher than the number of people who said they used social-network recommendations, though: ten percent of “blog readers,” and four percent of all those surveyed.

Results of the survey are similar when it comes to advertising: a quarter of “blog readers” say they trust ads on blogs that they read (versus 43 percent on “familiar” or mainstream media sites), but a slightly lower 19 percent say they trust the ads on social networks.

I’m guessing a big part of this is that bloggers, especially popular bloggers, hold nothing back, we only earn/are popular if we help our readers and that means brutal honesty whereas mainstream media/friends, well they have little to no incentive to be brutally honest…especially when the truth hurts.

I’m curious, as blog readers yourselves, what do you think?

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  • http://tendou86.blogspot.com/ Takumi86

    Yes i often listen to blogger who share their thought, opinion, and review but only with the subject that really attracts me

  • http://tendou86.blogspot.com/ Takumi86

    Yes i often listen to blogger who share their thought, opinion, and review but only with the subject that really attracts me

  • former-svi

    Did you see one of your previous fav shorts, Fortune-Cooked-China-Scam CNOA, got a shareholder lawsuit notice after close Friday?

    http://biz.yahoo.com/iw/081212/0460135.html

    On blogs, “brutal honesty” is a rare find. I try to sort thru all the misinformation, HOPEdinky’isms, and outright degenerate LIES in search of the real TRUTH. Oftentimes I find those falsehoods are the most informative in pursuit of knowing the real TRUTH. It took me a year or so of reading stock threads to realize that “bashers” were the best reads. Finding “positives” in stocks is like shooting ducks in a barrel, Wall Street is so ragingbulldinky dysfunctional. It’s about finding those “negatives” one wants to avoid like the plague (and/or short) that is imperative to stock trading and real life.

    p.s. what do you think of Senator Corker’s suggestion that GM-et al should pay down their legacy debts thru stock dilution? So seldom do we hear of stock dilution serving it’s intended purpose? Let the GM-et al stakeholders take the hiccie, FORMALLY, that legacy-debt hiccie that was always there? Let GM-et al roll out their own corporate printing press?

  • former-svi

    Did you see one of your previous fav shorts, Fortune-Cooked-China-Scam CNOA, got a shareholder lawsuit notice after close Friday?

    http://biz.yahoo.com/iw/081212/0460135.html

    On blogs, “brutal honesty” is a rare find. I try to sort thru all the misinformation, HOPEdinky’isms, and outright degenerate LIES in search of the real TRUTH. Oftentimes I find those falsehoods are the most informative in pursuit of knowing the real TRUTH. It took me a year or so of reading stock threads to realize that “bashers” were the best reads. Finding “positives” in stocks is like shooting ducks in a barrel, Wall Street is so ragingbulldinky dysfunctional. It’s about finding those “negatives” one wants to avoid like the plague (and/or short) that is imperative to stock trading and real life.

    p.s. what do you think of Senator Corker’s suggestion that GM-et al should pay down their legacy debts thru stock dilution? So seldom do we hear of stock dilution serving it’s intended purpose? Let the GM-et al stakeholders take the hiccie, FORMALLY, that legacy-debt hiccie that was always there? Let GM-et al roll out their own corporate printing press?

  • Omaggio

    I really don’t read any other blogs and am not sure I call myself a blog reader. But I can say that the reason I read your blog is only because you are transparent in your trades and your results. Without the proof of what you have done I would have passed you over like I have so many other so called “Investment” sites.

  • Omaggio

    I really don’t read any other blogs and am not sure I call myself a blog reader. But I can say that the reason I read your blog is only because you are transparent in your trades and your results. Without the proof of what you have done I would have passed you over like I have so many other so called “Investment” sites.

  • http://FastSwings.com FastSwings.com

    I follow the RSS reader daily in a number of different areas and find the information very useful. I rarely go to websites anymore unless there is something that I want to investigate further or I find a new source for the rss.

  • http://FastSwings.com FastSwings.com

    I follow the RSS reader daily in a number of different areas and find the information very useful. I rarely go to websites anymore unless there is something that I want to investigate further or I find a new source for the rss.

  • SysFin

    The only blog I consistently read are http://dvorak.org/blog.
    The only blogs that are trustworthy are pure fan blogs and that is only for gift shopping. I am getting a cousin’s kid some warhammer 40k stuff and blogs have been helpful.
    Political, financial, business, blogs are all just paid toadies and completely full of sh*t.

  • SysFin

    The only blog I consistently read are http://dvorak.org/blog.
    The only blogs that are trustworthy are pure fan blogs and that is only for gift shopping. I am getting a cousin’s kid some warhammer 40k stuff and blogs have been helpful.
    Political, financial, business, blogs are all just paid toadies and completely full of sh*t.

  • http://www.covestor.com/mbr/leo00o0/blog leo00o83

    I read wall st. blogs that add something useful to my trading journey, that have some interesting perspective on the news, usually people that are way more experienced than me in trading and If I detect any kind of BS I’ll just never bother with them again.

  • http://www.covestor.com/mbr/leo00o0/blog leo00o83

    I read wall st. blogs that add something useful to my trading journey, that have some interesting perspective on the news, usually people that are way more experienced than me in trading and If I detect any kind of BS I’ll just never bother with them again.

  • nojobmaui

    Off subject however I found this at 1440 Wall St.

    Do you know people making money in this market?

    If so, they might be high-frequency traders. The volatility is well suited to the nimble among us, and the poster boy for today’s market might be Wall Street Warrior Tim Sykes.

    He is just killing it – trading, writing, and teaching and earning well over 100k the last two months.

    Sykes’ detractors are mostly unemployed at this point, and it looks like he will get the final laugh. I called him for a comment as I went to press, but he was taking a nap. No worries for Tim, and he is probably a strong contender for my 2008 Man of the Year, believe it or not.

    I’m thinking if all those unemployed fools make the choice to become daytraders the opportunities will become abundant because they will lack the same due dilegence exhibited when they all jumped on fund of funds and other Wall St vehicles. They will make mistake after mistrake and create even more opportunities for PennyStockers like us. Bring it bitches.

    PennyStocking this year has allowed me to buy the best tickets to go to a bowl game, stay at the St Regis while we tool around and go to that bowl game with my son and generally not worry about anything except will I be focused enough to take advantage of opportunties that show up daily that I’m able to play because of Tim’s teaching. I have to shout out to Muddy to, thank you my brothers.

  • nojobmaui

    Off subject however I found this at 1440 Wall St.

    Do you know people making money in this market?

    If so, they might be high-frequency traders. The volatility is well suited to the nimble among us, and the poster boy for today’s market might be Wall Street Warrior Tim Sykes.

    He is just killing it – trading, writing, and teaching and earning well over 100k the last two months.

    Sykes’ detractors are mostly unemployed at this point, and it looks like he will get the final laugh. I called him for a comment as I went to press, but he was taking a nap. No worries for Tim, and he is probably a strong contender for my 2008 Man of the Year, believe it or not.

    I’m thinking if all those unemployed fools make the choice to become daytraders the opportunities will become abundant because they will lack the same due dilegence exhibited when they all jumped on fund of funds and other Wall St vehicles. They will make mistake after mistrake and create even more opportunities for PennyStockers like us. Bring it bitches.

    PennyStocking this year has allowed me to buy the best tickets to go to a bowl game, stay at the St Regis while we tool around and go to that bowl game with my son and generally not worry about anything except will I be focused enough to take advantage of opportunties that show up daily that I’m able to play because of Tim’s teaching. I have to shout out to Muddy to, thank you my brothers.

  • Craig

    Somewhat related, I recently found that I was falling victim to transference (being influenced by news, or the opinions of others) from reading blogs and watching trading videos. So after reading 2 dozen trading blogs daily for over a year, I stopped cold turkey for a few weeks. For the most part my (swing) trading improved during my month hiatus. The past week I have eased back into reading a couple blogs, and for the time being at least I haven’t been so easily influenced by the blogosphere.

    So for those blog junkies out there, if you’re not happy with your trading results, you might try taking a break from all the opinions thrown at you.

    (I know I know, not what Timmy wants to hear ;-)

  • Craig

    Somewhat related, I recently found that I was falling victim to transference (being influenced by news, or the opinions of others) from reading blogs and watching trading videos. So after reading 2 dozen trading blogs daily for over a year, I stopped cold turkey for a few weeks. For the most part my (swing) trading improved during my month hiatus. The past week I have eased back into reading a couple blogs, and for the time being at least I haven’t been so easily influenced by the blogosphere.

    So for those blog junkies out there, if you’re not happy with your trading results, you might try taking a break from all the opinions thrown at you.

    (I know I know, not what Timmy wants to hear ;-)