Can traders rely on Twitter for investment decisions?

http://www.growthbusiness.co.uk/can-traders-rely-twitter-investment-decisions-2553557/

Participants

  • Ting Li
    Role: Faculty
    Reference type: Quoted
  • Jan van Dalen
    Role: Faculty
    Reference type: Referenced

Media outlets

  • Growth Business (Online)

Description

Ting Li and Jan van Dalen of RSM have found a way for traders to use Twitter to make better investment decisions. Over a million twitter messages that mentioned stocks listed on the S&P 100 share index were analysed. Li comments that "this could be used by institutional investors or home-based day traders and proves that Twitter isn’t just noise – useful information can be extracted and could help investors make better decisions.”

Ting Li and Jan van Dalen of RSM have found a way for traders to use Twitter to make better investment decisions. Over a million twitter messages that mentioned stocks listed on the S&P 100 share index were analysed. Li comments that "this could be used by institutional investors or home-based day traders and proves that Twitter isn’t just noise – useful information can be extracted and could help investors make better decisions.”