In the morning I try to find out if the stocks on my watch list are on others peoples radar. To do so I rely on Twitter to see how many people are talking about a particular stock. This morning $PSDV gapped up on news and traded 1M shares before I discovered it. I wanted to know if other people were excited about the move and news.
I used to visit Twitter.com and search for stocks. I’ve since found a much better way to keep my eye on a stocks sentiment in real-time. TweetDeck is a free stand-alone application that ties into your Twitter account and allows you to see your Twitter feed in real-time. It can also be used to keep an eye on stocks in real-time.
After you have the TweetDeck program downloaded and installed, click on the Search button.
Type the symbol of the stock you’d like to monitor. Make sure you place a $ sign in front of the symbol as shown below.
Next click on Add Column.
You can now continue adding additional columns to monitor multiple stocks.
I knew that $PSDV was going to be active at the open because of the volume and because of how frequently the stock was mentioned from 8:30am to 9:30am on Twitter. Watching $PSDV this morning I noticed TweetDeck was having trouble keeping up with the number of tweets. Thats a good sign, active stocks tend to move more in price.