Stocktwits on fire

Have you ever heard of FAZ? I found out about FAZ on stocktwits - it moves 3X as fast in the opposite direction of the financials ETF (XLF). Back in early March of last year, I was invested in its opposite, FAS (which goes up when the XLF goes up but 3x as fast), but people on stocktwits told me that the beginning of the rally was a headfake - and to get back into FAZ.

I actually didn;t know either existed until I starting using stocktwits.. Needless to say, I lost a lot of money. Was it my fault? yes. Did stocktwits misinform me? yes.

Basically, at the time, StockTwits was more like a Yahoo finance board for FAZ than a place for real discussion.

It has evolved and there are plenty of good people on the site. But Stocktwits is the AOL of financial tweets. They were first, but they won't last. The platform is lacking... and I'm burning my hat in shame..

Was I banned? yes. Why? because they didn't like that I was supporting the competition ---- They have no idea what they are up against. Stock.ly is going to kick ass.

Check it out... and tag your stock symbols with % instead of $. The $ is worthless.

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People & Blogs

Tags:

• Stocktwits
• Faz
• Fire
• Hat on Fire