I subscribe to a number of different news services, and even receive alerts based on news, shouldn that be enough?
While it may be conceivable for financial market participants to read each of the 10,000 news stories that come out each day, it’s certainly not practical. For those of you who never sleep, you will have to read a news story every nine seconds for 24 hours. For large cap stocks, there may be over 30 separate stories in a single day. Many, if not most of these stories, have little impact on the market. A user receiving news-based alerts gets bombarded with unwanted alerts. Smaller cap stocks not specifically targeted may easily be lost in the deluge of news, which can result in potentially promising opportunities slipping away. The problem therefore boils down to a two-dimensional issue: what securities to look at, and when to look at them. Hottrend provides a solution to this and is even more powerful when used in conjunction with reputable news services.
