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

[yuli]

@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.

 

[jakeh]

@yuli All the 'news' Google is showing on that page is for Twitter

http://www.vidble.com/explore/GwUiEssa0C

inb4 lawsuit

 

[shanrocks1985]

@yuli This is absolutely hilarious!
Probably wouldn't count this as an indicator of the actual IPO though...

 

[stayc82]

@yuli Is it possible that the owners of this stock sold some with these idiots buying? Maybe the company will be out of bankrupcy now

Wow it was up over 12000% at one point.

 

[stilltrying]

@yuli Even Streetinsider.com is showing the correct Ticker Symbol;
http://www.streetinsider.com/Hot+Corp.+News/Twitter,+Inc.+(TWTR)+Files+for+$1B+IPO/8749476.html

 

[yuli]

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 be coming back

 

[resjudicata]

@yuli I haven't seen a Tweeter store in ages

 

[salguy161]

@resjudicata Had one in my city; closed about ten years ago, now it's a Vitamin Shoppe and some sort of chain Christian bookstore.

 

[dixielayne79]

@yuli Go learn up the Order Handling rules re: Pinks. You won't want to screw around in these names as an individual amateur investor.

Sauce: sell side NASDAQ/OTC mmkr.

 

[pneumachristian]

@yuli lol that's hilarious

 

[soulfunktion1965]

@yuli It looks like there was movement since the rumours of a twitter IPO started. God damn, if someone noticed this early on they would have done well.

 

[someone4truth]

@soulfunktion1965 It was posted on Google Finance this morning before the market even opened. I saw on the trending stocks part of the page. I laughed myself onto the floor and now I'm thinking, "Damn..."

I don't have any free cash anyways, even if I wanted to gamble...

 

[sandykay]

@soulfunktion1965 I noticed it before I started rumors on Twitter about an IPO.

 

[resjudicata]

@yuli Look at that volume! #hashtag

 

[resjudicata]

@yuli Dumb retail investor here: The only time a stock symbol ends with Q is if it's going into bankruptcy? The Q is there as a designation?

Or am I misunderstanding?

 

[yuli]

@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 HPQ (although cynics will argue this, too, is ultimately a bankrupt company)

 

[dixielayne79]

@yuli OTCBB is not the same as Pink Sheet equities.