Despite my aforementioned belief in the shortcomings of individual stock picking, an investing site with a twist caused a little twinge in a few of those information junky receptors in my brain: SocialPicks, a social stock picks & research site, just went into limited beta.
Now, what the heck does ‘social stock picks‘ mean? That’s what has me tweaked a bit. By the looks of it, amateur investors get to enter their investments picks and, if so inclined, their own analysis of the particular company. Over time, the wheat will presumably separate from the chaff, and maybe members will discover a few investing strategies that they’ve never considered. I can see the a lot of pump’n'dumpers trying to game the site initially, which in and of itself would be interesting to watch. But who knows, if the site becomes popular, something of actual use may come from the information gleaned by all those eyes.
(On preview, I see the InvestorGeeks threw up their own review of SocialPicks, a short four months ago… cutting edge, I probably am not! 
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[via TechCrunch]
[tags]socialpicks,investing,community,stocks, pump and dump[/tags]
