@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.
1) There are lots of un educated or ill advised fools waiting to jump on any news.
2) These fools have lots of cash sitting on the sidelines enough to move a stock. I realize it is a pink stock but really? Such a move requires a lot of cash to pour in right?
I am just baffled there are folks out there with so much cash but no brains on how to execute them. Or maybe I am dumb and do not understand :/
If they wanted twitter so badly why no buy one of those 2 funds out there that have it already and switch to the stock once it is available?
@patsy_cline_fan I think it's getting easier to enter the market with online brokers and their low commissions. Maybe the influx of lemmings will be good for us.
@patsy_cline_fan Today's volume for this stock was 10 million at $0.10. At most, a million dollars has switched hands, probably more like 500k. So it didn't take much to move it. Kind of crazy how little it is huh?
@patsy_cline_fan It doesn't take a lot to move the price on an illiquid asset. It is all based on the bids and asks. For some penny stocks there may only be 5 or 6 of each.
@yuli People that thought it was actually Twitter deserve to lost their money. But if you're so cynical that you had anticipated people being dumb enough for this to happen I hope you made a killing.