Archive for August, 2006

Followup on Stock Picking by Community

23 Aug, 2006  No Comment

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After writing up a few of my thoughts on SocialPicks, I submitted my application to be a part of the private beta and expected to hear nothing for awhile. To my surprise a couple hours later not only did I receive an invite, but a personal emailed response to my post. I haven’t had the time to do much more than take a few quick glances at the site so far. So no real insight yet other than, as expected, the early adopters all seem to be talking about tech stocks so far (I see lots of GOOG, AAPL, EBAY, DELL, etc. and not so much, say, C or GE despite the latter being the largest companies in the US.)

I also been given 20 invites to hand out. If any of my four readers happen to want to give SocialPicks a try, drop me a line with your email address and I’ll send you an invite… ;)

(Oh, and if you happen to catch this post as well Jason: I will get back to you on my thoughts… some days I just get buried with all kinds of time black holes, but I’d like to put a little thought into my reply.)

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Stock Picking by Community

21 Aug, 2006  1 Comment

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! ;) )

[via TechCrunch]

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Links for August 15, 2006

15 Aug, 2006  No Comment

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