People are stupid reminder:
Elon Musk Tweeted people should switch to a messaging app called Signal. Signal is owned by a nonprofit organization and development is funded by donations.
A completely unrelated company named Signal Advanced whose stock is an OTC went up 1,100%. This company does not have a working website (a Wordpress template is up but not completed) and has not had a full time employee reported since March 2019. Some financial news sources reported people were buying stock in this unrelated company. The next day the stock went up another 900%. Now all the news sources are reporting on it. So what does everyone do? Crash the stock? Naaa, they kept buying pushing it up another 400%.
By this time the stock has gone from 60 cents to over $70. It then crashes to single digits but amazingly enough, it rallies!!! Ending at $19/share.
I can (somewhat) understand the people who bought on day one. But day 2, 3, 4 and now 5? Talk about having blinders on.
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