The View from the Office.
I met Tom Bruni, CPA, CMT from Stocktwits at the Capital One Cafe at 34th Street and 6th Avenue. It’s a hidden gem of a place: free wifi, plenty of seating and cheap coffee if you bank there.
Tom had commandeered one of the larger desks to have room for his double monitor. I loved the set up so much I immediately ordered an extra screen for myself on Amazon.
Tom is the editor of the Daily Rip, a newsletter with 1 million subscribers that is published by Stocktwits, a Twitter-style platform for traders.
Stocktwits was founded by venture capitalist Howard Lindzon as a micro blogging platform for traders to share insights the market. Stocktwits popularized using the $, or “cash tag” in front of stock tickers that has now widely used on social media.
Tom is spearheading a new effort to add news coverage to the user generated posts the platform has carried since 2009.
The editorial effort is leveraging signals derived from posts to provide market insights about sentiment and interest. Stocktwits has more than eight million users.
For example, this morning Stocktwits data shows companies with the biggest gains in comments include Microgram Hologram, Mullen Automotive and Neo Concept Intl.
It’s the kind of insight you get by listening to active traders that is harder to find on larger platforms such as Bloomberg or Reuters.
To learn more about Stocktwits you can reach Tom via LinkedIn or DM me for a warm intro.