“With the TWTRQ bankrupt pennystock fiasco dead and buried (courtesy of a ticker change many thought the algo trading issues surrounding 2013’s TWTR mega IPO were resolved. Maybe not. As the chart below shows, TW Telecom briefly soared tenfold as yet another algo went berserk, sending the price from $30 to $300, and the market cap from $4.4 billion to $44 billion. The trade was so grotesque even the exchanges noticed. So aside from the obvious trade screw up, one wonders: was this just another case of mistaken ticker identity euphoria. After all TW Telecom’s ticker: TWTC. That of Twitter: TWTR.
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Obama’s ‘secret’ cyber security law may allow ‘military deployment within the U.S.’
Vermont Marijuana Decriminalization Law Goes Into Effect
First-ever music video filmed in space is David Bowie’s ‘Space Oddity’
NSA Sings This Land Was Made For You And Me
The Ascent of Whatever-It-Takes Banking Is a Good Thing?
Connecticut: “No Guns, No Gold”
Quantitative Easing Worked For The Weimar Republic For A Little While Too
After You Read This Kid’s Story, You’ll Think Twice About What You Post On Facebook.
Bitcoin ATM Landing In Uruguay
Vegas Mansion San Francisco, For Sale For 9311 Bitcoins
More On Silva Murder By Police
California City Retreats From Red Light Camera Referendum
“Don’t Be a Puppet”: New FBI CVE Tool Targets Young People
Cop Threatens, Acts Immature After being Caught Breaking Oath
Obama rodeo clown: People have lost their ability to laugh