There is no doubt that the idea of leveraging Twitter for stock ideas has some investors and academics very interested indeed. Associate professor Johan Bollen of the University of Indiana's School of Informatics and Computing has published studies of how moods prevailing on Twitter can affect share prices.
As a result, hedge funds have been trying to figure out how to turn billions of tweets into cash. In 2011, Derwent Capital Markets' Absolute Return fund became known as the world's first "Twitter hedge fund." It later shut down, only to return earlier this summer as the Cayman Atlantic trading platform, with a broader, but still Twitter-focused investment approach.
Intrigued by the idea that my friends and neighbors might be founts of fabulous stock tips, I plugged my own information into LikeFolio. The top five stocks spit out: Facebook Inc, Apple Inc, Google Inc, Yahoo Inc and LinkedIn Corp.
A tech-heavy portfolio, perhaps because of the nature of the milieu. The good news: $10,000 invested in those stocks would have turned into $16,261 in a single year, garnering me 62.6 percent annual returns over the past 12 months. Maybe there was something to this idea after all.
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