Each morning I try to find out if the stocks on my watch list are on others peoples radar. To do so I rely on Twitter to see how many people are talking about a particular stock. This morning $PSDV gapped up on news and traded one million shares before I discovered it.
I wanted to know if other people were excited about the move and news.
For this I used TweetDeck. It’s a free application that ties into your Twitter account and allows you to see your feed in real-time. After you have the program downloaded and installed, click on the Search button.
Type the symbol of the stock you’d like to monitor. Make sure you place a $ sign in front of the symbol as shown below.
Next click on Add Column.
You can now continue adding additional columns to monitor multiple stocks.
I knew that $PSDV was going to be active at the open because of the volume and because of how frequently the stock was mentioned from 8:30am to 9:30am on Twitter. Watching $PSDV this morning I noticed TweetDeck was having trouble keeping up with the number of tweets. That’s a good sign, active stocks tend to move more in price.