Roadkill Draws a Crowd and the Stock Market

Complacency has crept back into the markets. I like to check the very small cap streams on Stocktwits (especially biotech) when I notice the chatter picks up in these stocks (we have the data).

Yesterday I saw one of our users tell another that ‘Roadkill Draws a Crowd’, meaning that having more people watching a stock does not necessarily make it a good stock.

When @ivanhoff and I created our proprietary momentum list I asked him to add a column to track the followers of the stock. I wanted to track the best momentum stocks with the LEAST amount of followers.

There are thousands of indicators one can use to invest and trade. Worrying about how many followers a penny stock has on Stocktwits is likely one of the least reliable.

I highly recommend Ivan’s subscription product (I am his mostly silent partner). Ivan is a great mentor for beginners and experts. The subscription includes the weekly list of our proprietary top 50 momentum stocks and daily swing ideas and coaching.