Some investors, including hedge funds, are now using Twitter to track market trends and make decisions about where to put their money.
Each Friday on CNBC's "The Call" between 11am-Noon ET, we answer stock trading questions sent to us through tweets by viewers. We can't get to all of them on-air, so we're providing more advice online.
Ed Ponsi of Barchetta Capital Management, who joins our weekly
@themuffdaddy: I am looking to start a position in $ACC rentals on the rise. Thoughts?
ACC(American Campus Communities) looks like an ace, has been trending steadily higher for two years and is nearing its 2008 high of $37.00. The stock is off its highs, so it could be a buying opportunity. A break below 33.70 would be bearish.
@lcannataro27 OWW...after winning that trial over AA, could be promising.
OWW(Orbitz) is an appropriate ticker considering the pain that is visible on this chart. The stock did get a nice boost on high volume on Thursday’s news, but the long term downtrend is not encouraging. Since that initial pop, OWW has surrendered more than half of its gains.
@Peter_Eller10 For now, I like $AWW $WTR and $WM these 3 will continue to make rev. when pop. goes up
Be careful with WTR (Aqua America), the stock is nearing its YTD low of 21.36. Under that level, you’ll be asking, “WTF happened to my WTR”?
@stanmath: buying TZOO REDF RENN, looking at SWKS, NOK
Like a lion in a cage, TZOO (Travelzoo) is in a precarious spot…the stock had a rough week on high volume, and is now getting close to major support at $63.25. The next support under that level is $53.25.