I think most of humanity, myself included, is fairly dim, but what’s happening right now takes the cake. There is an electronics chain store called Tweeter that filed bankruptcy during the financial crisis of 2008. It still trades on the pink sheets under symbol TWTRQ and has a market cap smaller than a lot of the portfolios Slopers are trading personally.
However, now that the S-1 for Twitter, Inc. (forthcoming symbol TWTR) is public, it seems people are so eager to buy this lame-brained IPO that they are willing to purchase a symbol with a striking similarity: namely, TWTRQ, the pink-sheeted stock of the aforementioned bankrupt enterprise. God in heaven, people are stupid.
By Tim Knight