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'TWTRQ' Up 685% in Clueless Trading

54 points| JumpCrisscross | 12 years ago |google.com | reply

27 comments

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[+] jval|12 years ago|reply
Brb, about to go list my shelf companies GeetHub, AireBnb and Boox.

Can you imagine how much the shareholders of this company would have been making as the stock was going up? I mean, there's only $1.3M of total shares on issue even now but for a company that was worthless just days ago, that's a great outcome for them.

[+] chimeracoder|12 years ago|reply
Man, I miss Tweeter. Where I grew up, they were the one store that you could go to and talk to a guy who really knew the technical ins and outs of electronic hardware, and wasn't trying to upsell you on something you didn't need.

I remember walking in with my dad one day when we were looking for a new TV (ours had just died). The guy working the floor directed us to a model that cost 30% less than what we were originally looking at, explaining (correctly) that it fit our needs much better.

[+] jared314|12 years ago|reply
FINRA halted trading of TWTR Inc. at 12:42 p.m. Friday because of the issue.

http://www.forbes.com/sites/steveschaefer/2013/10/04/the-big...

It might be an interesting failure scenario for algorithmic trading. Almost like misspelled domain names and ad networks.

[+] obiterdictum|12 years ago|reply
> It might be an interesting failure scenario for algorithmic trading.

It's not how auto trading works. Traded instrument ranges are preset before the algo is started. I've never heard of an algo that tries to pick stocks to trade dynamically based on a name, it would be astoundingly risky.

[+] yannisp|12 years ago|reply
I'm curious to know what happens after they halt trading. What's the outcome for those with outstanding shares? I would assume either the spread would get ridiculously wide or the sell orders never be fulfilled?
[+] benatkin|12 years ago|reply
That's a pity. I think people should be able to have their lulz, or learn a lesson the hard way, as the case may be.
[+] nonchalance|12 years ago|reply
The same thing happened with Physicians Formula Holdings (NASDAQ:FACE) before the facebook IPO
[+] nodesocket|12 years ago|reply
Wow, if only you'd known about it. Great opportunity to buy a few thousand of TWTRQ and make a killing today.
[+] cestep|12 years ago|reply
Hilarious! I think Twitter should issue their IPO at $.05, since that seems to be the consensus.
[+] redthrowaway|12 years ago|reply
This is the same, "if only I had a time machine" feeling I get whenever I look at BtC's rise after the first crash.
[+] mynameishere|12 years ago|reply
Somebody had to be spamming TWTRQ as twitter. Serious prison sentences should follow if that's the case.
[+] davvid|12 years ago|reply
Serious prison sentences

For financial crimes? Surely you're joking.

[+] fragsworth|12 years ago|reply
Nobody's going to prison if it was 4chan.
[+] wtracy|12 years ago|reply
I'm kind of amazed that it's even possible to buy and sell shares in a defunct company like this.
[+] phyalow|12 years ago|reply
Why not? If you started up a company and it was quite shit, however I still wanted to buy a piece of it and you agreed then why couldnt we transact? BTW this stock is traded on pink slips OTC.
[+] gorrillamcd|12 years ago|reply
It was up more than 1200%. Some people sure made a nice profit on that one.