Just like the old days in 98-99 when a company would get a website and the stock would explode- Rich Cigars announced today they are going to start mining Crypto Currency and their stock is up 1,200%! https://www.bloomberg.com/quote/RCGR:US Bubble, what bubble? Edit- make that 1500% Edit 2- 2700% (20 minutes later)
...That's a dumb penny stock. it moves explosively crazily everyday regardless. Like a cracked up jackrabbit. -- fools dabble in penny stocks. Penny stocks reminds me of the movie Boiler Room. for the young, dumb and full of cum demographic.
No shit Captain Obvious. It wasn't meant to be a trading call. It was meant to show the mania of crypto. Duh.
Just... Why? Why does it matter to a cigar company? Why does it affect it's stocks's? Why everyone falls into it? Just...Why?
While playing poker in a North Florida casino this week a unsophisticated player said he was making money in Etherium, was going to take his double soon, and buy it again in a couple of weeks after it corrects. Trading is really that easy! At some point, with all the new versions and offerings of cryptos, participant demand will be satisfied. Except for one thing... price appreciation. Much of the demand for cryptos seems to be caused the price appeciation itself. I wonder how it’s going to end? <Grin>