Apple Leads October Sentiment for Tech - Google and Amazon Gain Ground

[news 28]

Apple Leads October Sentiment for Tech - Google and Amazon Gain Ground - Published on 11/04/09

 

IMMEDIATE RELEASE

 

Crowd Technologies, Inc. today announced the October 2009 sentiment results for Apple, Google, Intel, Cisco, Amazon, and Microsoft. As expected, Apple continues to lead the pack with a stellar 3.11 sentiment rating while Microsoft bring ups the rear at 2.27. Google, Amazon, and Apple were the big winners in sentiment change for October. Piqqem leverages the wisdom of crowds by allowing its users to vote on the price direction of a stock.

 

Los Altos, CA - Crowd Technologies, Inc., provider of the stock prediction site Piqqem, today announced the October sentiment results for Apple, Google, Intel, Cisco, Amazon, HP and Microsoft As expected, Apple continues to lead the pack with a stellar 3.11 sentiment rating while Microsoft bring ups the rear at 2.27. Apple's dominant sentiment indicates that it is considered the highest quality stock of the group, while Microsoft is considered the lowest quality stock of the group.

 

Google, Amazon, and Apple were also big winners in sentiment change for October. Google and Amazon showed a 4% increase in sentiment, while Apple's sentiment increased by 3%.

 

"Sentiment is a measure of how people feel a stock will perform and is captured by a voting mechanism that indicates a strong buy, buy, hold, sell, and strong sell. The value of sentiment is based on the 'Wisdom of Crowds' where the many will in most cases make better decisions than the individual. Higher sentiment stocks are considered higher quality stocks, while lower sentiment stocks are considered lower quality stocks. "said Jett Winter, CEO. "On the other hand, change in sentiment provides a timing mechanism for understanding the underlying changes in a security potentially ahead of a price move."

 

(In the Piqqem model, 0 is the lowest sentiment while 4 is the highest sentiment).

 

Sentiment Results as of 10/31/09

 

* Apple - 3.11

* Google - 2.88

* Intel - 2.70

* Cisco - 2.69

* Amazon - 2.53

* HP - 2.53

* Microsoft - 2.27

 

Change in Sentiment Results as of 10/31/09

 

* Google - 3.94%

* Amazon - 3.71%

* Apple - 3.20%

* Cisco - 0.00%

* Intel - 0.00%

* HP - (0.50%)

* Microsoft - (2.89%)

 

The change in October sentiment for these seven securities shows a strong upward bias for Google, Amazon, and Apple, a neutral bias for Cisco and Intel, and a downward bias for HP and Microsoft. The sentiment moves for Google, Amazon, and Apple were tied to exceeding earnings expectations with Google and Apple's sentiment moving before their earnings release, while Amazon's sentiment moved after their earnings release. Changes in sentiment can be an early warning system for the underlying security.

 

Overall this group slightly under performed for the quarter. Sentiment for the S&P 500 was up 3%, while this technology group gained on average 1% in sentiment.

 

Piqqem: http://www.piqqem.com

Piqqem on Apple: http://www.piqqem.com/equities/AAPL

Piqqem on Google: http://www.piqqem.com/equities/GOOG

Complete Sentiment Results: http://piqqem.com/blog/apple-leads-october-sentiment-for-technology-but-google-amazon-gain-ground

 

 

Jett Winter is CEO of Crowd Technologies, Inc. a company that develops applications that leverage the wisdom of crowds. Their first major application is Piqqem which captures, processes, and presents sentiment data on the future price and price direction of publicly traded securities. Piqqem provides five types of sentiment on securities: i) Price Directional ii) Price Specific iii) Demographic iv) Relative (Stock vs. Stock) and v) Time-Based.

 

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Jett Winter

CEO

650-619-9000

 

jett ( -at -) piqqem.com

 

 

 

 

 

 

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