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

[gabe1441]

@gaminggrace for the lazy:

purchased 250k shares for $250 then sold for $28,750 and a profit of $28,500

 

[rakis]

@gabe1441 I did the math for 250k shares and $250,000 invested. Should have gone the 1/4 mil route... $28mil profit!

 

[nrg23]

@rakis Considering the market cap on the stock is 1.3 million, it wouldn't quite work that way.

 

[rakis]

@nrg23 So be it. Would have been fun though.

 

[kelsnjoku]

@gabe1441 I hate myself for not being stupid enough to buy that.

 

[velvety777]

@yuli lolol u adorable. a single person with a few grand could've moved that shit. $0.001 x 1.2 million shares = ~1k

 

[yuli]

@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.

 

[resjudicata]

@yuli Don't you mean $700,000? Still, it's some candy.

 

[yuli]

@resjudicata Whups. Yea, still way less than I expected actually hmmmmm

 

[resjudicata]

@yuli OP: LOOK GUYZ, DIS IZ HOW DUM EVERYONE IZ!!!1!

Reality: Whoops, I meant, uh, well...

 

[patsy_cline_fan]

@yuli Here is what I am surprised about:

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?

 

[soulfunktion1965]

@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.

 

[moshecohen]

@soulfunktion1965 Opportunity in the chaos.

 

[izzazzo]

@soulfunktion1965 Or it will make things even harder to predict.

 

[soulfunktion1965]

@izzazzo Yep, that too. Especially with hot topic companies like Netflix and Tesla.

 

[km2018]

@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?

 

[jesusislord007]

@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.

 

[carl78]

@yuli This is one problem with the rise of discount brokers. There's no one to tell the investor that no, this is not twitter.

 

[tapiwaj]

@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.

 

[resjudicata]

@yuli

just know that like all tickers ending in Q, the underlying company behind this stock ticker is going through bankruptcy proceedings

Wait, what about HPQ?