'TWTRQ' Up 685% in Clueless Trading(google.com)
google.com
'TWTRQ' Up 685% in Clueless Trading
https://www.google.com/finance?q=twtrq&ei=OmZPUsC9KoSZ0QH2GQ
11 comments
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.
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.
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.
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.
> 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.
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.
> It's not how auto trading works.
That's OK. It doesn't have to exist for it to be interesting to me. Think of it more like an interesting extrapolation of a scifi story, if you want. HFT advantages become slim enough to warrant dynamic instrument selection based on twitter sentiment analysis. So, you get bad algorithms following imperfect people, who execute millions of trades to fast to watch. And, someone trying to take advantage of that would act like a domain squatter, taking stake in a penny stock, predicting the next misspelling and correction.
That's OK. It doesn't have to exist for it to be interesting to me. Think of it more like an interesting extrapolation of a scifi story, if you want. HFT advantages become slim enough to warrant dynamic instrument selection based on twitter sentiment analysis. So, you get bad algorithms following imperfect people, who execute millions of trades to fast to watch. And, someone trying to take advantage of that would act like a domain squatter, taking stake in a penny stock, predicting the next misspelling and correction.
What does the name have to do with anything?
A few dozen people screw up and the bots see a stock go from worthless to hot in a short period of time and jump on board.
A few dozen people screw up and the bots see a stock go from worthless to hot in a short period of time and jump on board.
RIC codes are the industry standard security identifier. Name doesn't play apart, must be some truely idiotic manual investors.
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?
Trading halts trading, not ownership; Assuming the trades themselves are not cancelled, he who holds the bag owns the bag.
Trades have been reversed before, though.
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.
The same thing happened with Physicians Formula Holdings (NASDAQ:FACE) before the facebook IPO
Wow, if only you'd known about it. Great opportunity to buy a few thousand of TWTRQ and make a killing today.
Good opportunity to short, no?
Can't short penny stocks usually.
Good luck borrowing those.
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.
Somebody had to be spamming TWTRQ as twitter. Serious prison sentences should follow if that's the case.
Serious prison sentences
For financial crimes? Surely you're joking.
For financial crimes? Surely you're joking.
Nobody's going to prison if it was 4chan.
Ssshh...
I'm kind of amazed that it's even possible to buy and sell shares in a defunct company like this.
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.
I was surprised that a non-existent company is still listed on the exchange.
Obviously people can always sell stuff outside the public markets.
Obviously people can always sell stuff outside the public markets.
It was up more than 1200%. Some people sure made a nice profit on that one.
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.