Originally posted by Freamon
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During the mid- to late-Eighties bubble there was a company that advertised a subscription newsletter which would help you get rich by investing in penny stocks. Their poster child, the company they'd recommended and which would have made you rich already if only you'd subscribed earlier, was Polly Peck
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I think the Q on the end of the ticker symbol is actually a convention meaning bankruptcy.
The "penny stocks" arena is actually quite interesting. Largely unregulated, which makes it a playground for scammers.Leave a comment:
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Originally posted by NickFitz View PostLong-Dead Tweeter Soars; Some Seek Twitter? - MoneyBeat - WSJ
Tweeter Home Entertainment is all caught up in the Twitter frenzy.
Tweeter filed for bankruptcy in November 2008, days before fellow electronics chain Circuit City, and both closed their stores soon thereafter. But TWTRQ shares are soaring on Friday for no other reason than its company name looks and sounds just like Twitter. Tweeter’s ticker symbol is also just one letter off the one Twitter chose: TWTR.
Tweeter surged 1800% to 13 cents on volume of 4.2 million shares; there’s nearly 26 million outstanding shares, according to FactSet.
Morons
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Dumb Investors
Long-Dead Tweeter Soars; Some Seek Twitter? - MoneyBeat - WSJ
Tweeter Home Entertainment is all caught up in the Twitter frenzy.
Tweeter filed for bankruptcy in November 2008, days before fellow electronics chain Circuit City, and both closed their stores soon thereafter. But TWTRQ shares are soaring on Friday for no other reason than its company name looks and sounds just like Twitter. Tweeter’s ticker symbol is also just one letter off the one Twitter chose: TWTR.
Tweeter surged 1800% to 13 cents on volume of 4.2 million shares; there’s nearly 26 million outstanding shares, according to FactSet.
Morons
Leave a comment: