This is how dumb average retail investors are: TWTRQ up 1300% and counting

[brixken7]

@yuli Reminds me of a story I heard about Cisco. During the dot-com era investors where bidding up Sysco, the food distributor, thinking it was Cisco, the technology company.

 

[theremnant]

@brixken7 Ironically, Sysco did better in the long run.

 

[brixken7]

@theremnant Yeah, wasn't Cisco supposed to be the first company valued at a trillion dollars. Relevant

 

[ivank]

@brixken7 When I read OP's post, I thought this looks familiar, I have read something like this before.

 

[nick714]

@ivank Don't forget FACE spiking during the FB IPO.

 

[brixken7]

@nick714 Interesting. I bet these kind of things happen quite frequently. I don't understand how someone could be so careless with their money.

 

[resjudicata]

@brixken7 I think it's more of a "hm.. wonder what idiot might accidentally buy this and shoot it up"... sounds like vegas style roulette to me.

 

[resjudicata]

Get a million people trying to take advantage of the idiots, and they become the idiots.

 

[nellyew]

@nick714 Do people actually buy into these knowing idiots and people rushing are going to buy into them as well? It would be tempting seeing an uptick and thinking you got in early, only to find out you bought into the wrong one.

 

[adajane]

@nellyew Exactly what I was thinking. Everyone is saying "dumb retail investors". How many of these buyers were savvy traders remembering that this has happened before and buying for this reason? Some of them just made a lot of cash.

 

[cherylsmatbers]

@yuli Oh man, you gotta be kidding!

No you are not! LOL

I bet the yahoo boards are full off "BUY NOW BEFORE THE IPO!"

 

[bluemoose]

@cherylsmatbers "IT AINT TWITTER? OH WELL CLOSE ENOUGH YOLO! BUY BUY BUY BUY!! BLASTOFF BABY! IMMA B RICH!!!!"

 

[carl78]

@bluemoose Hahaha I legit died Yolo Lmao

 

[risetothesky]

@bluemoose hahaha this sounds like a friend of mine

 

[morning_star123]

@risetothesky UP UP AND AWAY

 

[naomi45]

@morning_star123 I'm going to say this everytime I click the buy stock button.

 

[gaminggrace]

@yuli This stock reached a 7 year high!

Imagine being the person who bout 250K at 0.001 and sold them today at 0.115

This post really needs a special place on the sidebar or in the faq!

 

[samuelp]

@gaminggrace

Imagine being the person who bout 250K at 0.001 and sold them today at 0.115

yes. that guy got very lucky, everyone else lost their shirt. he's the 1 in 10k "investors". (not likely that anyone bought 250k when this was 0.001).

so we should just tell people "GET LUCKY!" for advice and we should also put this lucky crap shoot up as an example of "Doing it Right." Good idea. ~facepalm~

 

[resjudicata]

@samuelp I think he meant the original post to show how some people are incredibly stupid, and that you should always do your research before investing

 

[gaminggrace]

@samuelp Not my comment, but the post should be in the sidebar or faq as an example. Perhaps with other similar situations from the past (Facebook, Cisco etc)