Corante

In the Pipeline: Don't miss Derek Lowe's excellent commentary on drug discovery and the pharma industry in general at In the Pipeline

Corante New York

« Comdex goes into a coma | Main | Barry Diller's search for meaning »

March 31, 2005

Persistent searching finds the needle in the haystack

Email This Entry

Posted by Dominic Basulto

The Wall Street Journal Online has a fascinating look at persistent search technologies that enable individuals or institutions in need of real-time information (e.g. day traders and hedge funds) to watch the Web on a minute-by-minute basis for market-moving news or a "spike in online chatter."

One of the companies mentioned is New York-based PubSub, which picked up news about the Indonesia earthquakes minutes before the information appeared on the U.S. Geological Service's own Web site. Another is Monitor110, which provides persistent search services to Wall Street investors looking for a competitive advantage.

Before you rush out to buy stocks or make life-changing decisions based on a willowy wisp o' information, keep in mind one important caveat: "Only reckless investors would trade a stock based on information contained in a few blogs or message boards, a domain rife with short-sellers eager to spread rumors."

Comments (0) + TrackBacks (0) | Category: Internet


TrackBack URL:
http://www.corante.com/cgi-bin/mt/external.cgi/30969


EMAIL THIS ENTRY TO A FRIEND

Email this entry to:

Your email address:

Message (optional):




RELATED ENTRIES
East Village bar up for sale on eBay
Eliot Spitzer takes on the national cinema chains
California winemakers to sell wine to New Yorkers via the Internet
A blogger could become "Media Person of the Year"
A la carte cable TV pricing
NYSIA Incubator launch party tonight
Why the mathematics of congestion pricing don't work
Enjoy the holiday shopping bargains at Century 21 while you can