GO
Loading...

Who Needs Consumer Confidence When You've Got Twitter

There’s a new way to invest. Topsy Labs has begun using Twitter and other social media to identify upcoming market trends.

What? You’re skeptical!

So were we but Topsy Labs co-founder Rishab Ghosh tells us that Twitter can provide some very valuable insights. “You can analyze mass opinion every day. And it can be applied to lots and lots and stocks.”

He points to Apple’s release of the new iPhone 4S arguing that the stock was down ahead of the launch due to Street worries that consumers wouldn’t like the new gadget.

“But Twitter sentiment showed that consumers loved it,” he says. “If you had bought at the time of the iPhone 4S, you’d have made a return of 20% in 2 weeks.”

“Twitter sentiment is a giant opinion poll that you can take for products and companies all the time,” he adds.

Check out our entire conversation with Ghosh. Watch the video above!

-----------------------------------------------------------

NEW SLIDESHOW: The Top Secrets of Pro Traders

-----------------------------------------------------------







______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On Jan. 31, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Adami owns C; Adami owns GS; Adami owns MSFT; Adami owns AGU; Adami owns NUE; Adami owns INTC; Adami owns BTU; Finerman owns AAPL; Finerman owns BAC; Finerman owns JPM; Finerman owns MSFT; Finerman owns IBM; Finerman owns GOOG; Finerman owns ORCL; Finerman owns GPN; Finerman owns CF; Terranova is long VRTS; Terranova is long LQD; Terranova is long MUB; Terranova is long EMC; Terranova is long AXP; Terranova is long JOY; Terranova is long MCD; Terranova is long OXY; Terranova is long IBM; Terranova is long SU; Terranova is long TRLG; Terranova is long CNX; Terranova is long SBUX; Terranova is long SNDK; Terranova is long GOOG; Terranova is long MA; Terranova is long UNG April $5 puts; Terranova is long AAPL Feb 430 puts; Terranova is short AAPL put spread; Terranova is short AAPL Feb 440 puts;

For Jon Najarian
No disclosures

For Larry Haverty
Gabelli Multi-Media Trust is long AMZN

For John Bollinger
Bollinger has positions in IWM
Bollinger has positions in Small Cap Russell 2000

For Rishab Ghosh
No disclosures

For Kerry Rice
(AMZN): I, Kerry Rice, hereby certify that the views expressed in this research report accurately reflect my personal views about the subject company (ies) and its (their) securities. I also certify that I have not been, am not, and will not be receiving direct or indirect compensation in exchange for expressing the specific recommendation(s) in this report.

CNBC.com with wires.

Symbol
Price
 
Change
%Change
AAPL
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report