Brainless traders rally bankrupt company 1400% in 24 hours | Forex Factory

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Brainless traders rally bankrupt company 1400% in 24 hours

  • #1
  • First Post: Oct 6, 2013 1:16am Oct 6, 2013 1:16am
Quoting Yahoo
A company called Tweeter Home Entertainment Group Inc. saw its stock rise some 1,800% on Friday, in what many market analysts say appeared to be confusion over the company’s stock initials, “TWTRQ,” which may have led some investors to think it was actually Twitter.
Stuff like this is not only absolutely hilarious, but solid, irrefutable proof that there will never be a shortage of utter morons in the market to make money from. How can people be this stupid??

Source: http://news.yahoo.com/blogs/sideshow...192234916.html
  • #2
  • Edited 11:52am Oct 6, 2013 10:57am | Edited 11:52am
Quoting Kanzler
{quote} Stuff like this is not only absolutely hilarious, but solid, irrefutable proof that there will never be a shortage of utter morons in the market to make money from. How can people be this stupid?? Source: http://news.yahoo.com/blogs/sideshow...192234916.html
THAT WAS FREAKING HILARIOUS!!! The world would never be short of morons with too much bloody money!. Come to think of it , I'm actually planning to open a new forex company by the url name WWW.FX-COMEANDGETSCREWEDUPSIDEDOWN.COM offering 10,000% bonus! just watch, Ill soon be a billionaire http://www.sherv.net/cm/emoticons/pa...y-emoticon.gif
  • #3
  • Oct 6, 2013 11:22am Oct 6, 2013 11:22am
Quoting Makavell
{quote} THAT WAS FREAKING HILARIOUS!!! The world would never be short of morons with too much bloody money!. Come to think of it , I'm actually planning to open a new forex company by the url name WWW.FX-COMEANDGETSCREWEDUPSIDEDOWN.COM offering 10,000 bonus! just watch, Ill soon be a billionaire {image}
I wish I could get contact info for the people who bought that defunct stock, you'd have an excellent pool of customers.
  • #4
  • Oct 7, 2013 3:46am Oct 7, 2013 3:46am
When Tweeter's accountant checked the stock price on friday this is what he looked like:
Attached Image
si hoc legere scis nimium eruditionis habes
  • #5
  • Oct 7, 2013 4:35am Oct 7, 2013 4:35am
been there done that, Good Bye
  • #6
  • Oct 7, 2013 4:54am Oct 7, 2013 4:54am
They're penny stock pumpers and dumpers, there is no way someone could confuse it with actual tweeter IPO. The thing is that pumpers often ahead of the suckers who actually buys the stock. I think they were well aware of this pink sheet.
  • #7
  • Oct 7, 2013 7:07am Oct 7, 2013 7:07am
Quoting Togu
They're penny stock pumpers and dumpers, there is no way someone could confuse it with actual tweeter IPO. The thing is that pumpers often ahead of the suckers who actually buys the stock. I think they were well aware of this pink sheet.
Penny stock manipulators aren't stupid enough to incur the risk of trading a bankrupt company in the hope that more people will join in (someone might notice and short the hell out of it anyway)...they're all marked with a Q on the end of them too if I recall correctly, which this one was.
  • #8
  • Oct 7, 2013 12:35pm Oct 7, 2013 12:35pm
you guys are just mad you didnt make mad money off that....


im sure Timothy Sykes was all over it and made $500000 on it. we will soon see a video about it.
  • #9
  • Oct 7, 2013 7:12pm Oct 7, 2013 7:12pm
yeahyeah!

http://www.sherv.net/cm/emoticons/pa...y-emoticon.gif
  • #10
  • Last Post: Jan 30, 2014 1:32am Jan 30, 2014 1:32am
yea, that is timothy sykes' thing indeed.

does penny stock trader make more more than forex? is there daily break down in penny stock? the thing is, it is expensive to buy stocks with commissions, etc. and money transfer would take long if you are not US residents.
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