Hey fellow investors,
I recently created a new tool to provide useful social media data analytics on the Chinese stock market. It’s an tool that analyzes a large number of blogs, forum posts, local news feeds, etc. to figure out what Chinese investors are talking about, and it will provide this as intelligence to investors (currently in newsletter format, and eventually in live dashboard format).
Why the Chinese market? The Chinese stock market is dominated by retail investors (>80% of investors in China are mom and pops, compared to only 30% in the US). Retail investors tend to trade more by herding, following stock tips, and overall being more emotional, so that’s why the Chinese market is so volatile and you see huge daily momentum on stocks. Compared to other western markets, social media should have a much larger impact on a Chinese stock’s rise and fall.
This is still very much in its infancy and the current output is similar to a tip sheet that traders get in the morning, a list of stocks to "watch". However, I have seen promising examples where it has identified a stock that is widely mentioned on social media, which is followed by a huge spike in price on the same day, or 1-4 days afterwards.
So at this stage I really want to get you guys’ feedback on it and any ideas on what additional features you think that should be implemented next. It's currently 100% free for you to use, and I’d be delighted if you would check it out here and let me know if you find it useful. =)
Cheers, Jason
Submitted May 05, 2016 at 04:19AM by Jason-SI http://ift.tt/1rrLWB8
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