8/22/2023 0 Comments Signal advance share price![]() First, it’s a company that hasn’t released news in over 5 years. Here we have a possible case of mistaken identity in the epic breakout experienced by Signal Advance Inc. The Latest Penny Stock With A Mistaken Identity? stocks that jump in such an aggressive manner rarely stay at those levels without pulling back. Most novice traders who get caught up in the hype forget or neglect the fact that A. This is a big reason why we always discuss research to a fault. Once again, when reality hit, bag holders were created. A company called Zoom Technologies (f/k/a/ ZOOM) attracted traders who speculated that Zoom Video would begin trading under the stock ticker “ZOOM” ( See: A Penny Stock Jumps 14,900% After Mistaken Identity). ![]() Other notable “mix-ups” came when Zoom Video ( NASDAQ: ZM) was about to go public. This isn’t the first and obviously not the last time something like this has happened or will happen. ![]() Not The First Time Penny Stocks Had Mistaken Identity Crises The result was an aggressive drop in Tweeter shares with plenty of bag holders in its wake. But then reality swiftly stepped in with the social media company refuting the information, and ultimately, going public under a different symbol. Was there money made amidst the confusion? Of course, but as many traders feared missing out on buying Twitter as a penny stock, more buying came into the stock just from rumors sending shares rapidly higher. These traders did nothing more than look for letters of what “could be” Twitter’s symbol and found a nearly worthless stock of long-dead electronics retailer Tweeter. Leading up to that, investors thought they were being “smart” by picking a stock symbol they speculated would become Twitter’s new public home. November of 2013 was when the company did its IPO. Those who’ve been trading long enough will remember when Twitter ( NYSE: TWTR) was about to go public. This week, for example, we saw 5G penny stocks begin to gain ground.īut what about rumors? Plenty of times throughout recent history, rumors or even knee-jerk reactions to certain company names triggered epic rallies in stocks. ![]() They might even look for the latest market trends. These might include technical trends on a chart or even fundamentals of certain companies. Traders that are putting together a list of penny stocks right now, likely consider a few things initially. If there are a few things we know about penny stocks it’s that they are volatile and highly speculative. Did Elon Musk Trigger A Breakout For Penny Stock SIGL? ![]()
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