At the Twitter conference a few weeks ago we ran into the CNBC west coast team. They were lounging on the couch out front, likely on Facebook. I walked up to say hello with Soren and introduce ourselves. In return, we got ‘you are the guys who are trying/going to kill CNBC’.
We love hearing that, but it’s a rather ridiculous statement. Of course we are after the fat profits that the network takes from advertisers. It’s just that we don’t think about CNBC as competition. They have money, a cable deal, overpaid production people and ‘talent’. They have make-up people and can broadcast from the center of the world…New Jersey.
What they lack is any sense of accountability. They are as transparent as a Goldman CDO.
The Stocktwits stream is about ideas and discovery and through a community filter we have discovered and encouraged many people with great ideas and skills to share and grow.
Many people come to mind from the stream that not only made money short stocks during the ‘meltdown’, but have turned to get bullish and help themselves and others profit handsomely from this bull market. This is not an easy feat. Maybe having Stocktwits as a diary helped people. It has surely helped me as I discovered and began to trust their insights.
A Brief list of my Favorites:
UpsideTrader – Joe is a good friend (Stocktwits contribbutor, investor) from his hilarious ‘spartan’ missives during the meltdown. He was our stream leader calling out short sales on every rally during 2008 and the beginning of 2009. He lost his mojo for a short time as the bottom and ‘inconceivable rally’ took hold, but has been printing money again for his fund and subscribers in 2010.
Beanieville is a bear’s worst nightmare. His posts have been super bullish for over a year and although he is pt tweeting that often, why should he? Read his blog if you are too bearish. The guy has freaking nailed this move and he continues to be bulllish.
While CNBC has butchered the public with all kinds of nonsense, Beanieville has nailed down massive profits for his readers.
My beligerent friend ‘The Fly ‘ is as mean as CNBC is awful and as correct in his trend catches as they are wrong. Do not let the filth stop you from making money. The goal is making money and catching major moves and ‘The Fly’ cares about catching them. If he misses more than 2 in a row he will literally start eating his own limbs while writing hilarious prose so that is worth a few lost dollars occasionally.
On the macro Side of things, Stocktwits head of ‘Research and Responsibility’ has covered the $MACRO world with a keen eye on the reality of making money. His model portfolio is doing very well and he is a reminder that you can think big picture and build simple portfolios to capture big Macro themes.
I have also found Joe Fahmy to be an honest bull and cautious person with very good accuracy. His weekly show started last night on Stocktwits.tv and it is great.
In the end, I believe our whole Stocktwits.TV team has been bullish in the right way. They have been bullish enough to contribute to a community founded at VIX 90, fight through the hard lessons of learning live web television broadcasting and the real-time hate that can come their way. They have helped built a community that is open minded and with that comes big gains in trending markets (good and bad).
I am proud of this crew of contributors and anyone can learn from their great insights given daily.
Take a look at the long group of contributors on our Stocktwits.TV homepage and watch a few of their archived shows. You will be impressed.