How about having a platform where all the stock recommendations given by analysts can be rated and tracked for use by investors. Wit Innovation has recently launched this innovative marketplace i.e. www.HiOnStocks.com. The marketplace will also be enabled to be used on variety of mobile platforms like iPhone, Blackberry, Android, Windows Mobiles and Symbian.
USP for Buyers:
1) A transparent system which analyzes and rates each recommendation given by a Stock analyst. No more going for Tips.
2) They can pick and select according to pricing according to MarketCap or according to the recommended duration of the stock picks
3) No more Open ended recommendations.
All the recos are timed and rated. So TV channels who have self proclaimed analysts giving open ended recommendations can be things of a past.
USP for Analysts/ Wannbe analysts:
1) Analysts can set the price of their recommendations
2) They get a platform which will automatically get them Buyers for their Stock Ideas.
3) Ability to prove themselves and get highlighted.
Additionally there is no feedback mechanism which can be used to artificially recommend a stock, so any “proxy” feedback is eliminated. Also platform make no differentiation between big brokerage houses and small-time stock analysts hence evaluating them on the same parameters and on a single platform. What's more: If all this is provided at the convenience from your mobile phone then it really be helpful for the users. So everyone can make money i.e. both Buyers and Sellers of Stock Ideas.