Trump tweet sends penny stock up 200 percent, crashes website

Discussion in 'Current Events' started by Angrytaxpayer, May 8, 2019.

  1. Angrytaxpayer

    Angrytaxpayer Banned

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    https://www.msn.com/en-us/money/com...percent-crashes-website/ar-AAB5Kp6?li=BBnb7Kz

    Interesting. Even penny stocks are benefiting from POTUS Trump. Explains why my entire portfolio has been benefiting since Trump became POTUS.

    I guess the real world doesn't give a rats ass about the Mueller report.
     
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  2. Steve N

    Steve N Well-Known Member Past Donor

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  3. camp_steveo

    camp_steveo Well-Known Member

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    Now that I have a real job I am going to start playing the penny stocks too. Anyway, I am glad to see the plant is going to get utilized, especially for something like electric vehicles.
     
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  4. Quantum Nerd

    Quantum Nerd Well-Known Member

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    LOL! You mean the same company whose stock dropped from about $8 per share to $2 when Trump took office? If I owned their shares, I'd be unhappy with him.

    upload_2019-5-9_9-12-10.png
    In any case, I'd stay as far away from their stocks as possible. Own the market through index funds, you'll be far better off than speculating in penny stocks because of Trump tweets.
     

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  5. HonestJoe

    HonestJoe Well-Known Member Past Donor

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    This isn’t a good thing. It’ll be a short-term blip on the basis of a careless speculative comment. Some sharp day traders will be able to make a bit of money off it (and if I gave Trump any credit, I could suspect that was intentional insider trading) but it won’t benefit anyone else. There seems to be no sign of the deal being completed imminently and no guarantee it will be and either way the share price will quickly settle back down.
     
    Last edited: May 9, 2019
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