Msg#: 4614581 posted 5:27 pm on Oct 5, 2013 (gmt 0)
I just heard that many accidentally purchased the stock "Tweeter" instead of Twitter which raised the price to over 2200% in one day!
I was reading about that mixup too from another source.
I got about 2 sentences into it, shaking my head, and quit reading it.
What does that tell us about the level of "intelligence" in today's "investor" world.
It's just a freakin' bunch of clueless speculators with too much money and not enough common sense.
Day Traders sitting in front of dual monitors playing online poker on one and gambling stocks on the other. I guess at least they are improving poker's reputation -- it's a game of strategy that requires at least some common sense and analytical ability.
They were buying stock of a bankrupt company for Pete's sake.