It’s been brutal. Painful. Exhausting. This current imbroglio has hit everyone. While Lehman Brothers teetered, it sent into motion a violent downward spiral of almost all the financials. It seems like everyday there is another major financial institution making its way closer to financial amegeddon.
Who’s next on the DL list? Check out Jodange. I use their iGoogle gadget to follow the top 10 most-mentioned S&P 500 companies in the news and track who is saying what about them. Jodange might just be the best site to monitor the financial meltdown and predict/monitor who’s next.
This is not just a keyword-trolling system following stocks. The technology behind Jodange. The system has some heavy-hitting research behind it that uses linguistic analysis to extract opinion data from documents, determine whose opinion it is and how important that opinion is relative to others.
The real cornerstone product from Jodange though is Top of Mind, recently release on a 30-day trial basis. TOM is built upon the same opinion engine as the iGoogle gadget but with an extremely powerful GUI. Users can search for topics they’re interested in tracking and can use the search output to drill-down by the actual opinion holder. Users can have Google Alert-type alerts set up to monitor certain topics.
This certainly portends well for journalists, researchers, stock analysts, traders, and proprietary competitive analysis. Not only can you monitor actual opinion in a more sophisticated way but we have a system here that qualifies the opinion (good or bad) and weights opinion by opinion holder (influential or not). I don’t see a way that investors can automate use of the output from Jodange but it could be a valuable tool in every investor’s toolset. One of the actionable functions of Jodange is the capability to monitor the change in sentiment. This can be used as a way to tap into incremental changes in a given company that may affect the stock price as sentiment turns over.
