Monday, 21 September 2009

BAM tweets ticker picks

There's a company in California that is using a micro-blogging site to release information about the economy that was once only available to financial institutions and hedge funds.

BAM Investor (stands for Behavioral Analysis of Markets) said it would use Twitter as a new business communications platform and the company is sticking to that promise. This week BAM is offering free stock market predictions, and you can follow them on Twitter by looking up BAMInvestor.

The model is used by investors and hedge funds to make predictions about stock, commodity and currency developments. The company says its forecasting is built on quantitative analysis of human behavior and social movements.

'When compared to traditional technical and fundamental analyses, behavioral analysis creates significant value due to its inherent predictive - instead of reactive - nature,' said J.G. Savoldi, the company's CEO. 'This is the first time this new financial theory has been applied practically to stocks, commodities and currencies.'

A recent BAM tweet read, 'The Shanghai market continues to track the model and we expect to see the crash accelerate in China. Our target is 260 into October 8ish.'ADNFCR-2087-ID-19370494-ADNFCR

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