Let’s Talk About The Wisdom of the (Cake) Crowd
You’ve asked for an easy way to connect with other investors, and you’ve suggested that an At-A-Glance view of Cake activity would be valuable… and so today we’re proud to introduce two new Cake features.
Cake TALK
Want to talk about GOOG, AAPL or any other of the thousands of positions out there? Now you can! Chat it up with other members by telling others why you bought or sold, or just what your hunch is.
The Cake TAKE
For the first time ever, you can see what the collective “take” of Cake members is– Buying, Selling or Neutral.
This snapshot summary of Cake member activity is based on what members are actually buying and
selling, and it’s updated automatically as trades happen.
Here’s how it works:
• First, we count all of the Cake members who bought or sold a particular stock or security during each Take time period— the prior week, month, quarter or year.
• We then consider the specific rank of each Cake member who bought or sold, giving extra weight to the trades of more highly-ranked members.
• Recent trades are also given more weight in the Take calculation since they better reflect the current sentiment than do trades that occurred some time ago.
• Finally, all of this gets rolled up into the collective “take” for each time period.
Cake & Coffee Chat
We’re eager to hear what you think of these new features. Please join us for a Talk about the Take.
What: Cake & Coffee Chat w/ Steve and the Cake team
When: Wednesday, April 16 at 5:00 PM PT
Where: One of our favorite coffee shops: SBUX Talk page.
See you there.
Posted by: Erica Friedman
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