Tweeter company, which deals with retail trade, has changed its ticker after a recent incident. The retailer has been confused with a microblog owner Twitter, which is only going to place its shares at stock exchange. Investors have bought the shares of Tweeter, which went bankrupt in 2007. This has already been informed by the “Market Leader” – “Investors Confused Twitter and Bought the Shares of a Bankrupt Company”.
Today the gone company is of no interest to traders. From now on the shares of Tweeter will be traded under THEGQ ticker. Who has made the mistake and set shares for sale is yet unknown.
Due to this misunderstanding the shares of Tweeter have gone up by 1400 percent at the start. The National Dealer Association has noticed the mistake and stopped trading.
Representatives of Twitter have not given any comments to the situation. The company may be getting ready to holding own IPO, which has been announced on October 4. The shares are to be placed at stock exchange after the Thanksgiving Day.
According to the experts of Forex Trend (Forex Trend is number one in Masterforex-V Academy rating of Forex brokers ), success of Twitter at stock exchange is rather controversial. In order to get good results, the company is to show more than just its main activity.
