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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 10-05-2013, 10:22 PM   #1
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Want to buy Twitter stock, no problem... oh wait, what!

A Stock Called 'TWTRQ' Was Up As Much As 1,500% Because People Thought It Was Twitter



Twitter filed to go public yesterday, choosing the stock ticker TWTR. Twitter shares are expected to start trading before Thanksgiving this year.

But it looks like some investors are a bit confused. A company called Tweeter Home Entertainment, which has the stock ticker TWTRQ, was up as much as 1,500% today, but fluctuated wildly. It ended the day up more than 684%.

The stock was halted for a while after several outlets reported the news.


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Old 10-05-2013, 11:34 PM   #2
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Interesting.

The total volume was only 14 mill which is around $700,000 at $0.05 a share.

It's not much.

Maybe it was a pump and dump scheme.

The promoter took the risk and raised some "awareness" and some people bought some shares, but the total volume, and trading value was not much.

It happens a lot in penny stocks.

Interesting nonetheless.

Some insiders or promoter or whoever probably made a quick buck from other people's ignorance.
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Old 10-12-2013, 03:06 PM   #3
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Interesting indeed...that's serious confusion on the TSX
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Old 10-12-2013, 03:08 PM   #4
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