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StockTwits Investors Are Biiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiig Time

December 17, 2008 at 8:47 am
by Timothy Sykes

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Remember when I announced my investment in StockTwits waaaay back….a few days ago?

(Of course I’e been a fan of Twitter (follow my updates HERE) for a very long time….actually 9 months today)

Well, now thanks to a great post from Roger E. we discover there are some others involved too and they are biiiiiiiig time:

James Altucher: Founder, Stockpickr; Columnist at TheStreet.com; author; hedge fund manager;

betaworks: A leading NYC-based early-stage media and technology investor; Investor in Summize, sold to Twitter;

Bill Bishop: Co-founder of Marketwatch; based in China, provides 24-hour perspective;

Eric Bolling: NYMEX trader and Board member; Financial Analyst, Fox Business News;

Gerry Campbell: Former President, Search & Content Technologies at Reuters; SVP of AOL Search;

Michael Parekh: Former Head of Global Internet Research and MD, Goldman Sachs; uber-blogger;

Todd Stottlemyre: 2-time World Series Champion pitcher, stock fanatic and active Stocktwits community participant;

Rikki Tahta: Co-founder, Covestor;

Alan Warms: Former VP and GM of Yahoo News; Founder, BuzzTracker, sold to Yahoo;

Yah that’s right, I’m in there with a former managing director of Goldman (a guy smart enough to have sidestepped the whole mess by banking and getting out), one of the great energy traders of all time, a guy who co-founded Marketwatch and some other distinguished peeps…

….like UpsideTrader who is a former hedge fund manager who has good plays but still somehow can’t/won’t signup to Covestor to try to dethrone me as the #1 ranked trader–how long has it been now, 6 months–out of 15,000+ (yeahhh, what, stop only Tweeting, bring your verified trade numbers already!)

Anyway, with this list of business superstars, I think the odds of success are tilted in our favor…ain’t gonna be no CYGT this time around, especially since I’ve learned to take smaller positions so as to reduce my risk!

And yesterday I actually spent a few hours with StockTwits new employee, Dr. Phil Pearlman (follow him on Twitter HERE), former hedge fund manager & an expert on social psychological dynmaics (which really means he just likes playing God)…great guy, left his fund for this venture….

…so there are lots of excited people, it’s very very early in the game and the opportunities seem endless, especially once you start considering premium services that soooooo many others in this joke of an industry have somehow let pass them by.

Posted in Breakouts, Capital Raising

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  • http://pallian.com Pallian

    DAMN! Now I’m excited!

  • http://pallian.com Pallian

    DAMN! Now I’m excited!

  • Alex

    I just don’t see how such a niche website service, is going to provide massive profits for all those guys. Especially when it has no real revenue generating business model, and isn’t the type of site to be bought by Fox etc. ??

  • Alex

    I just don’t see how such a niche website service, is going to provide massive profits for all those guys. Especially when it has no real revenue generating business model, and isn’t the type of site to be bought by Fox etc. ??

  • Scott

    So, how does one go about investing in this company then ? What´s its ticker symbol ?

  • Scott

    So, how does one go about investing in this company then ? What´s its ticker symbol ?

  • http://test.timothysykes.com Timothy Sykes

    buyout is probable but never underestimate the value of premium services, hell i’m doing $50k/month on basically 2k daily visitors and i trade the smallest niche out there….imagine premium stuff for all kinds of investors/traders on 20-50k daily visitors…thats millions

  • http://test.timothysykes.com Timothy Sykes

    buyout is probable but never underestimate the value of premium services, hell i’m doing $50k/month on basically 2k daily visitors and i trade the smallest niche out there….imagine premium stuff for all kinds of investors/traders on 20-50k daily visitors…thats millions

  • http://test.timothysykes.com Timothy Sykes

    ticker is TWIT, just kidding, its a private company!

  • http://test.timothysykes.com Timothy Sykes

    ticker is TWIT, just kidding, its a private company!

  • YoungGunz

    Yeah I think this was a good move for you…They always say invest in what you know and this is something you know…Been around twitter a long time and you know whats out there for market share which is pretty much no one. I also think this is the right place and the right time for something like this to go big. The market will most likely be volatile for the next few years and a lot of people are going to be leaving the ho hum buy and hold investing for actual active trading.

  • YoungGunz

    Yeah I think this was a good move for you…They always say invest in what you know and this is something you know…Been around twitter a long time and you know whats out there for market share which is pretty much no one. I also think this is the right place and the right time for something like this to go big. The market will most likely be volatile for the next few years and a lot of people are going to be leaving the ho hum buy and hold investing for actual active trading.

  • BillT

    Wait a second…you continually say don’t trust anyone on wall street, they are full of b.s., etc etc. so why should i give two sh*ts about any of these aholes being on some stock twitter thing. I love you Tim and think you’re awesome but just stick to hyping your dvds and not your other investments. Happy holidayz!

  • BillT

    Wait a second…you continually say don’t trust anyone on wall street, they are full of b.s., etc etc. so why should i give two sh*ts about any of these aholes being on some stock twitter thing. I love you Tim and think you’re awesome but just stick to hyping your dvds and not your other investments. Happy holidayz!

  • http://test.timothysykes.com Timothy Sykes

    woah bill, did i say trust anybody on stocktwits? i just think its a great setup/infastructure and will really help those who do have good message get their word out

  • http://test.timothysykes.com Timothy Sykes

    woah bill, did i say trust anybody on stocktwits? i just think its a great setup/infastructure and will really help those who do have good message get their word out

  • YoungGunz

    Many of those people are not traders or part of the industry. Many are previous innovators of web 2.0 products that have been bought by bigger fish others are labeled more accurately as good venture capitalists. Its not like an IPO or anything it is still a private company and the game is a little different.

    Some are owners of other trading and investing companies but that doesn’t make then good stock pickers too. Just previously successful owners of companies similar to the market that stocktwits hopes to cater to.

    Having big name owners and investors doesn’t hurt either, even wallstreet was rocking and rolling when everyone jumped on the bandwagon of toxic mortgages and mortgage backed bonds. Just need to know when to get out with your winnings.

  • YoungGunz

    Many of those people are not traders or part of the industry. Many are previous innovators of web 2.0 products that have been bought by bigger fish others are labeled more accurately as good venture capitalists. Its not like an IPO or anything it is still a private company and the game is a little different.

    Some are owners of other trading and investing companies but that doesn’t make then good stock pickers too. Just previously successful owners of companies similar to the market that stocktwits hopes to cater to.

    Having big name owners and investors doesn’t hurt either, even wallstreet was rocking and rolling when everyone jumped on the bandwagon of toxic mortgages and mortgage backed bonds. Just need to know when to get out with your winnings.

  • http://www.ibankcoin.com/gioblog Gio

    Ha! great post. Nice call-out on UpsideTrader there. I’m struggling to just knock him off the TopTalker on stockTwits. Twits too much. lol.

    Pearlman is a cool guy.

    See you on StockTwits!

    -gio-
    theHawaiiTrader

  • http://www.ibankcoin.com/gioblog Gio

    Ha! great post. Nice call-out on UpsideTrader there. I’m struggling to just knock him off the TopTalker on stockTwits. Twits too much. lol.

    Pearlman is a cool guy.

    See you on StockTwits!

    -gio-
    theHawaiiTrader

  • http://test.timothysykes.com Timothy Sykes

    uhhh arrogance was so 2006, now its just about making $ for my subscribers and myself

  • http://test.timothysykes.com Timothy Sykes

    uhhh arrogance was so 2006, now its just about making $ for my subscribers and myself

  • jusblaze99

    Tim,
    what is all this twitter talk like some kinda test for ur readers?? is this the guide to how not to get fooled by a hyped up early-stage-soon-to-be penny stock (promoter played by u)?? dude, not tryin to be an ass or anything, but if u blow another fortune on some speculative long term microcrap investment…. if that happens, ur next dvd will be titled “value investing- part doodoo”… i like u but come the fuck on man, keep ur head on str8 this time.

  • jusblaze99

    Tim,
    what is all this twitter talk like some kinda test for ur readers?? is this the guide to how not to get fooled by a hyped up early-stage-soon-to-be penny stock (promoter played by u)?? dude, not tryin to be an ass or anything, but if u blow another fortune on some speculative long term microcrap investment…. if that happens, ur next dvd will be titled “value investing- part doodoo”… i like u but come the fuck on man, keep ur head on str8 this time.

  • http://test.timothysykes.com Timothy Sykes

    this is a speculative position with a very small portion of my assets…in niche i know an understand with a product i use and love

  • http://test.timothysykes.com Timothy Sykes

    this is a speculative position with a very small portion of my assets…in niche i know an understand with a product i use and love

  • Jay

    While I know ebol and altucher from what i hear is a great guy that i apparently tend to agree with alot although weve never met,

    I have to disagree on this one.

    Do not get me wrong, stocktwits is a promising venture and it has a chance to take off. I just see no revenue unless you attach a seporate stream to it, might i suggest finding other people to put in the outher recources tab, expecially linking into subscription based links, or for example, real money from the street.com, with an easily trackable link so that you can get referral fees,
    In addition to this, i would consider a top tweet webcast where you can sell space. That would just be me though.

    Overall, once again the site looks promising, but unless you identify a true income source, you are likely to lose money on this venture.

  • Jay

    While I know ebol and altucher from what i hear is a great guy that i apparently tend to agree with alot although weve never met,

    I have to disagree on this one.

    Do not get me wrong, stocktwits is a promising venture and it has a chance to take off. I just see no revenue unless you attach a seporate stream to it, might i suggest finding other people to put in the outher recources tab, expecially linking into subscription based links, or for example, real money from the street.com, with an easily trackable link so that you can get referral fees,
    In addition to this, i would consider a top tweet webcast where you can sell space. That would just be me though.

    Overall, once again the site looks promising, but unless you identify a true income source, you are likely to lose money on this venture.

  • http://test.timothysykes.com Timothy Sykes

    ha why do financial people have so little imagination? i can think of more revenue streams than non-revenue streams…u’ll see

  • http://test.timothysykes.com Timothy Sykes

    ha why do financial people have so little imagination? i can think of more revenue streams than non-revenue streams…u’ll see

  • http://tfpoi.com Jay Zalowitz

    Good, now make sure they put them into action Tim, The sooner you do, the sooner you stop losing money.

    Just remember, now that you are personally invested, be smart and have a mentor look it over every once and a while, to see if it is a lost cause Otherwise you may find yourself plunging 250k into a dead project.

  • http://tfpoi.com Jay Zalowitz

    Good, now make sure they put them into action Tim, The sooner you do, the sooner you stop losing money.

    Just remember, now that you are personally invested, be smart and have a mentor look it over every once and a while, to see if it is a lost cause Otherwise you may find yourself plunging 250k into a dead project.

  • http://jayzalowitz.com Jay Zalowitz

    Just know that any company (for a reasonably small amount of money) can use a twitter api to do that, then a little bit of code to attribute it to stocks,

    The key to making it on the internet is being the verb/noun, (Ex. Hey did you tweet this, or google it, or whats your myface or facebookeven if they dont mean everything) This site has the potential to be great, just DONT LIMIT IT.
    and for the love of god, advertise while the industry is young.

  • http://jayzalowitz.com Jay Zalowitz

    Just know that any company (for a reasonably small amount of money) can use a twitter api to do that, then a little bit of code to attribute it to stocks,

    The key to making it on the internet is being the verb/noun, (Ex. Hey did you tweet this, or google it, or whats your myface or facebookeven if they dont mean everything) This site has the potential to be great, just DONT LIMIT IT.
    and for the love of god, advertise while the industry is young.