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This is how dumb average retail investors are: TWTRQ up 1300% and counting
@dpessing I highly doubt these shares are liquid enough to find shortable shares to borrow, but that's a horribly risky move even if you could. Would you have faith in the stupidity of collective humanity to not keep bidding up another 1000%? You could get margin called well before the... -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
@resjudicata I forgot to mention that this is only for stocks on the OTCBB, what people refer to as the pink sheets. That rule does not apply for the major stock exchanges like the NASDAQ, NYSE, and exchanges of other countries, which is why someone earlier mentioned Hewlett-Packard's ticker... -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
annnnnnnd there it goes.. people late to the party who bought it at the peak are now down 60+% in a matter of minutes and learned an expensive lesson The unfortunate part is, some new potential retail investors who get burned on this will lose faith in the stock market writ large and will not... -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
@resjudicata Whups, forgot to mention this is regarding stocks on the OTCBB (pink sheets) Disregard this rule for major exchanges like the NYSE, NASDAQ, and exchanges of other countries. -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
@resjudicata Whups. Yea, still way less than I expected actually hmmmmm -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
@velvety777 Yea it looks like there wasn't as much money as I thought in the morning, but at this point (1:30 PM) we're at over 14 million shares traded at probably around $0.05 average.. That's still $7m being thrown around like candy. I'd like some of that candy. -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
@promiseb Awesome explanation.. thanks! -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
@promiseb Wow I wonder if it actually delisted just now... I don't see any ticker updates since 12:42 Would it be in the interest of the company who acquired the bankrupt assets to delist immediately to take advantage of something like this? Do they keep the "value" of these shares? -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
@promiseb That is hilarious.. did anyone have the foresight to see this coming and play it? Assuming of course employees are allowed to trade normally. -
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This is how dumb average retail investors are: TWTRQ up 1300% and counting
https://www.google.com/finance?q=OTCMKTS%3ATWTRQ The ticker TWTRQ is that of TWTR Inc, formerly Tweeter, a home electronics retailer who is now in bankruptcy proceedings. Due to Twitter's filing of its S-1 last night and revealing their ticker symbol of TWTR, people are buying this bankrupt...