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42 Comments
- OneEyedParrot, on 10/10/2007, -1/+26Waaiit... a freely editable market advice site? Hm...
*tags everything he owns with "BUY NOW!"* - Sarawanan, on 10/10/2007, -1/+15The site looks amazing from the concept to the layout and has a huge edge over Yahoo Finance and other website of this nature.
Although, if this becomes popular then I can see huge opportunities for abuse. - ethicalhacker, on 10/10/2007, -1/+14"Because none of us is as dumb as all of us."
- DiggsOnlyNeoCon, on 10/10/2007, -5/+15Wikinvest is the best thing ever. Anyone in the world can write anything they want about any subject, so you know you are getting the best possible information.
- divrekku, on 10/10/2007, -5/+12You're kidding, right? Please tell me you're kidding.
You think the day traders who trade on market volatility are bad now... this will be the site people go to scare themselves stupid over some rival's comments on their investment company and dump their stock...
I predict a large increase in market volatility over a site like this. - DiggsOnlyNeoCon, on 10/10/2007, -0/+7It's an Office quote.... Get mad at Michael, not me. HE'S the experience businessman.
Oh, and how crazy are you? You think this will even cause a ripple in the market? - Lnomis, on 10/10/2007, -0/+6This is the first thing I'm going to post on that site:
Lenny: Hey, Homer! How come you've got money to burn? Or singe,
anyway?
Carl: Yeah, Homer, what's your secret investment?
Homer: Take a guess.
Barney: Uh, pumpkins?
Homer: [pause] Yeah, that's right, Barney. This year, I invested in
pumpkins. They've been going up the whole month of October and
I got a feeling they're going to peak right around January.
Then, bang! That's when I'll cash in. - inactive, on 10/10/2007, -0/+5I don't think it will affect much of anything. Institutional investors dominate the market, and they only listen to traditional news sources like internal analyst reports and established news like the Wall Street Journal (buyout be damned). I can imagine some of the penny-stock twitch investors using this to inflate their wares, but the professionals who move the market won't care. It's kind of like how Wikipedia emerged as a frequent source in college student papers, but professors wouldn't dare cite it in published papers.
- SteveMax, on 10/10/2007, -0/+4I imagine it will soon have all of those !NS1D3R AD\/1C3s I keep getting on my email on one single, well-organized place. If only they make an "wikiCheapViagra", spam would soon be rendered useless.
- oldhick, on 10/10/2007, -0/+3You're kidding, right? Please tell me you're kidding. Day traders are a small percentage of the market. This site won't impact any thing that matters.
- Piedramente, on 10/10/2007, -1/+4Sounds like yet another venue for pump and dump scams...
- inactive, on 10/10/2007, -0/+2According to the wiki article at http://wiqipedia.org/wiki/Wikinvest this site is from the Dark side ...
- thrstn, on 10/10/2007, -0/+2Buy waffles!!
- Smog2k, on 10/10/2007, -0/+2This opens up the door for loons like John Mackey.
- ehelbush, on 10/10/2007, -0/+2I am not concerned about the "pump and dump" there are already hundreds of other sites, this is a drop in the bucket.
Looks very clean. But why does it load so slow, anyone else notice that? - eggraid, on 10/10/2007, -1/+2definitely bias will come if the sites gains in popularity. Too much interests
- surfing, on 10/10/2007, -0/+1start domain squatting.
- jonashwing, on 10/10/2007, -0/+1any good investor will have multiple sources of information and ways to research a potential investment. i'll plan on using this one, but not necessarily for current events. it seems to be a quick and easy way to find the info i'm looking for about a particular company like price history in correlation to major announcements. it also seems to provide good executive summaries on the companies i've looked up.
- unreal32, on 10/10/2007, -0/+1It's either pronounced "Wick Invest" or "Wiki Nvest". Cause it's missing an 'i' to be "WIki Invest".
Can't wait for "WikiIncest.com" search bot site to springup... - ikoul, on 10/10/2007, -0/+1Great. Now I can get "investment advice" from idiots like the ones on Wikipedia. I'm sure I won't lose every cent I have.
- divrekku, on 10/10/2007, -0/+1I merely insinuated that day trading would be that much more dangerous in terms of market volatility. However, the "percentage of the market" you are looking for comes in the form of hedge managers and speculators. These investors can and do make money and thrive on market volatility. For more info read Ben Stein --> http://finance.yahoo.com/expert/article/yourlife/41148
Its very easy to see this website turn into a vehicle that hinges on market swings to panic people into selling prematurely or buying crap funds. - ethicalhacker, on 10/10/2007, -0/+1Yes, Digg brings us all new insights.
- steban, on 10/10/2007, -0/+1Even better, why don't you guys add your 2 cents to openfranchise.org , It's Open source franchising. That one should be on the front page to get attention on a really great idea and use of mediawiki, and not this idea that's clearly purchased from the company running it.
- quaxon, on 10/10/2007, -0/+1if you guys want in on a good stock just look at GOL, that is all im gonna say, ill leave it up to you to do the research on it.
- bacon_skoda, on 10/10/2007, -0/+1don't like the width of the page. too wide.
keep it like wiki. - MeruFM, on 10/10/2007, -0/+0I never realized how that quote could work for so many other human natures .__.
- Error601, on 10/10/2007, -2/+2Spam...and a really horrible concept. Consensus investing is exactly what you don't want to be doing. You want to get in on the stuff other people don't think will do well but does.
- miborovsky, on 10/10/2007, -1/+1Someone is gonna sue wikiinvest when they lose a million bucks buying on the margin based on this site's advice. show time.
- rpesis1, on 10/10/2007, -0/+0Can this be any slower?
- unreal32, on 10/10/2007, -1/+1Don't worry about sounding "Indian". You sound more like a white supremacist.
- Zique, on 10/10/2007, -4/+4This is a great site, at least the info I looked up was quite thorough and more financially oriented than eg. in wikipedia. I hate to sound like an Indian hired to advertise the site, but I'll be using it from now on.
- precurser4t, on 10/10/2007, -0/+0If wikinvest has a digg feature, people can digg up or down an edit unit. Don't see that though. The site is amazingly rich, thousands of pages so far.
- JeradQuaranta, on 10/10/2007, -0/+0Now is the time for all good men to come to.
- ch28kid, on 10/10/2007, -1/+1I don't know what you consider traditional news sources.
Remember not long ago Engadget knock 6 billion dollar off Apple when they fake iPhone news came out... - oldhick, on 10/10/2007, -0/+0There's one born every minute...
- tresjane, on 10/10/2007, -0/+0i read through some of the analysis and some of it is pretty stock, but a lot of it's actually surprisingly insightful. daily features are nice. bookmarking stock options is cool--i can see his becoming the "one stop shop" in a few years.
also, i don't think pump and dump will be a big problem. if you look at the blue bar with white text that shows recent activity, there's a monitoring system similar to wikipedia's there, plus i think this site pays people to patrol the changes and stuff - ThatguyKS, on 10/10/2007, -1/+0I'll keep my "two cents" thank-you-very-much, I'm sure your web 2.0 super scheme site will loose enough money for everyone else.
- prometheanspark, on 10/10/2007, -2/+1Soon to be populated by a plethora of shills and pump-n-dump types.
- thauber, on 10/10/2007, -1/+0Wikinvest sounds more like Wicken Fest
- oldhick, on 10/10/2007, -1/+0Here's my 2 cents, take your franchise somewhere else.
- DiggsOnlyNeoCon, on 10/10/2007, -7/+4Also... "wiki" is the new "i" prefix... and it's really starting to bug me.
- universal12, on 10/10/2007, -7/+2Looks decent, this site is very informative... http://www.bestwaytoinvest.com?
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