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Today's WTF Stock Chart Du Jour
Meet Acorn International - an integrated multi-platform marketing company - which closed down 23% yesterday (after falliong 45% intraday) on 23x the average volume. Following a conference call this morning, in which the CEO cited some 'volatility' in the ADSs and discussed strong Singles Day sales, the stock is now up over 700%.
As Bloomberg notes, the earlier conference call stated the following...
- Vol. more than 100x 3-month daily avg.
- Says ADS ratio changed as of yday, was equivalent to 3-for-20 reverse split
- Saw Singles Day sales RMB3.19m, vs RMB510,000 last yr; cites partnership with Alibaba
- Says restructuring efforts have brought down operating costs, slowed cash burn
- Plans to reinstitute quarterly earnings reports, calls starting next yr
And that caused this...
Log-scaled...
Which in context...
Acording to Bloomberg data, a mere 1,500 shares are short (of the 4.2 million float), so we have nothing to add but - WTF!
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That was me. Sorry. Sorry. My bad.
Good lord. One round lot trade and BOOM! Man, I never expected that to happen. Markets are just a bit on the thin side, I'd say.
This reminds me of - Bitcoin.
I'll bet Satoshi, Fonestar, and their little Igor, the Coinhead - are all behind this one.
Short squeeze? Reminds me of bitoicn.
No short squeeze? Reminds me of bitcoin.
Big Move? Reminds me of bitcoin.
Someone has a one track mind....and a hardon...
I remember being 17 years old, it was in the seventies though.
I'm sure that Yahoo Finance, Reuters and CNBS will all start off their articles with "INVESTORS pushed up shares of ATV on upbeat guidance from the company... blahdeefuckingblah"
Because its ALWAYS investors who do this shit
SEC SEC SEC SEC SEC? WHAT THE FUCK ARE YOU GOOD FOR!
Why you staring at his prick?
whats so surprising? with no auditing, no prosecution, no selling, no oversight, no accountability it is a free for all in all equity markets /sarc off
^^^this. Yes, moral hazard can be a real motherfucker.
With near zero volume you would be surprised what a single algo/computer can do with other people's money... ...or the Fed's printer...
On a long enough timeline, the survival rate for any integrated multi-platform marketing company drops to zero.
Decent advertising campaign, if 'short' lived.
(Caught Tyler's attention and therefore our attention, with old fashioned anti-social media such as this forum, didnit?)
its like the rest of the market ZH. Its all wtf.
We ought to be changing the site's doomsday perspective to take into account - i don't know - TIME!
Seriously, its starting to feel like this site has made me look like an idiot. And yet its roses EVERYWHERE but here.
Perhaps the bias has clouded what was otherwise good judgement because before ZH, most of us made decent cash.
fuck now I see a break out to 20,000, and to long it would be to chase it - thus - sit here and wait for a crash that will never actually happen in my life time.
Its how Jim Willie makes his cash too. Just keep turning the story - but - none of it has any real benefit. Early this morning $CDN was crashing from poor GDP readings, according to ZH. Seriously? It never even tested yesterday's lows forchrist's sake. So why report it like that?
Bottom line - diversify all assets. some in property, some in cash, some in the stock market, some in PMs, some in other productive assets such as agriculture - and then - NEVER READ ANOTHER FUCKING THING
because its all conjecture that unintentionally discourages you from making sound business decisions.
In many respects, the market has never changed. The market goes up becuase it does, and the market goes down because it does. The wtf question does not make the directions any less legitimate. Zero. It is what it is.
Seriously mate....... you are wtf?
It's better than any oter site, but don't make investment decisions without understanding all the facts.
Price discovery at its finest
Cue the GoFundMe pages.
Herro?
Hey, man, it's me.
Yes, please.
I did like you asked and it worked like a charm. Only one problem, my boss is coming back a day early and we've got to get the money back in his account by Thursday. Can do?
I think you have wrong number. So sorry. <click>
<sound of dialing>
Herro?
What'd you do that for? Didn't you hear what I just sai... <click>
<sound of dialing>
Fong Dong Long International Brokerage, how may I direct your call?
Yes, please, I would like to sell my shares and transfer contents of my domestic account to another location.
You mean someplace overseas?
Yes, please.
Immediately?
Yes, please.