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re: SNAP INC
Posted on 3/2/17 at 1:13 pm to BilJ
Posted on 3/2/17 at 1:13 pm to BilJ
quote:
purchase... if they're among the traders that have snapped up shares of Snap Interactive Inc. today.
Snap Interactive, ticker STVI, is up 18% at the moment. The problem is, Snap Interactive is not Snap Inc. It doesn't own Snapchat. And it isn't debuting on the New York Stock Exchange
If i remember correctly there is actually some traders who buy similarly named stocks when IPO's debut for this very reason
Posted on 3/2/17 at 3:25 pm to barry
They do. There was one that went up dramatically when Twitter went public.
quote:LINK
What other explanation could there be for a 2,200% surge in shares of TWTR Inc. Friday morning? The stock, an over-the-counter listed stub of bankrupt consumer electronics retailer called Tweeter Entertainment went from less than a penny to mind-bending highs before settling back in around 4 cents a share.
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