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tadbart
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Well, this doesn't bode well for the market.

 

https://www.cnbc.com/2021/01/11/signal-advance-jumps-another-438percent-after-elon-musk-fueled-buying-frenzy.html

 

" Elon Musk said ‘use Signal’ and confused investors sent the wrong stock up 438% on Monday

Four days after Tesla CEO Elon Musk prompted Twitter followers to “use Signal,” a reference to the Signal encrypted messaging app funded by a nonprofit organization, investors pushed even higher the price of Signal Advance, a small component manufacturer whose stock trades over the counter.

During Monday’s trading session, the stock rose 438% and reached a high of $70.85, up from a closing price of 60 cents on Jan. 6, a day before Musk’s tweet. The stock saw its highest trading volume since going public in 2014 on Monday; more than 2 million shares changed hands, while on Jan. 4, not a single share of the stock was traded. Signal Advance, which reported receiving no revenue in 2015 and 2016, is now worth more than $3 billion. "


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" Signal Advance’s sole full-time employee, Chris Hymel, did not immediately respond to a request for comment on Monday. "


I'll bet.

?






Tread carefully; it looks like a lot of people don't know what they are doing.

That can't be good.

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On 1/9/2021 at 6:12 AM, pipedreams said:

We'll see, just saw this..............

Dec Jobs Implode, Employers Pull Back In Face Of Biden Presidency

"Non-farm Payrolls missed massively this morning as employers are now facing the end of the ‘Trump economy, and the restart of Obama’s ‘new normal’. Jobs were down 140k when 70k were expected to be added, a massive difference of 210k. Lockdowns in Democratic-run states also impacted the jobs number.

Financial markets treaded water, and ended slightly higher, but look precariously overvalued in the face of coming tax increases and re-regulation."

https://creativedestructionmedia.com/news/markets/2021/01/08/dec-jobs-implode-employers-pull-back-in-face-of-biden-presidency/

My stock has shown that the Biden presidency would stagnant the market I'm in just like when Obama screwed it up.  Conservatives understand business, "liberals" (Democrats) think they can dictate to financial markets.  They are the enemy of business.

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