Web 2.0 - Tuesday, June 5, 2007
Covestor Raises $1M Angel Funding
Covestor is a social network for stock investors that has raised $1M in angel funding. It sounds fun. You give Covestor you eTrade login and Covestor will share your portfolio with other Covestor members. If you're a lousy investor you can lemming off the bad boys. If you are nails, you'll gain a following, who may even help you to cause a run-up in the stock.
We have never been satisfied with online stock boards as you get loud mouths who have no money in the game talking up crap stocks. We like Covestor as you can see everyone's hand. We are too cautious to hand our family jewels over to a web site like Covestor but we hope others will and that this gets its feet beneath it.
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Read - Gigaom
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One thing to be noted by covestor is that if you look at the rankings page, the top 5 playas are all from the timothy sykes entourage: http://timothysykes.com/2008/10/07/pennystocking-joke-of-an-industry-domination-the-top-5-ranked-traders-out-of-10000-on-covestor-are-pennystockers/
Posted by: Bill at October 8, 2008 12:52 AM
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