Slightly curious case for twitters most talked about stocks 🐦
Last week on Sunday I posted about Twitters 10 most talked about stocks. Well dear fellow, it has been a full week of trading and I do believe we should take a look and see if they had any predictive capacity!
There were in fact only 7 companies as three of the tickers turned out to be crypto tickers. The tickers, by order of “popularity” were:
- $GGPI - Gores Guggenheim, Inc.
- $AMC - AMC Entertainment Holdings, Inc.
- $TSLA - Tesla, Inc.
- $GM - General Motors Company
- $XL - XL Fleet Corp.
- $PROG - Progenity, Inc.
- $LCID - Lucid Group, Inc.
At the time of posting, markets were closed and I provided screen shots of the respective companies' charts, so we can also ascertain the price of the shares at that time with relative ease. Let us have a look at the changes in price.
How very interesting! The data shows that just by holding all of these companies one would have made bank.
I should also point out that although XL was on the list, it was more likely a cryptocurrency (whom I will not suffer to mention) that was being pumped on Twitter by fake bot accounts. A popular method to spread the word about some shitcoins.
If we exclude $XL from the list there was only one company (GM - General Motors Company) that would have incurred a loss!
Two of the companies (GGPI & PROG) show that even the max drawdown was positive, this because they gapped up in pre-market.
Maybe one should pay attention to Twitter…
- Magnus Chimpski
Disclaimer: This is not financial advice. It is an opinion. Magnus is not a financial advisor.
Magnus is infact a fictitious smooth brained simian of the interwebs, to take advice from an internet monkey would be insane.
- End of transmission
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| Crypto | Address |
|---|---|
| Bitcoin(BTC) | 14jUKeGFgN6USdxfuT6uX8Qx3RM3gppmmt |
| Ethereum(ERC20) | 0x4c2d122c66412598486e373f885835ccbf0e1a35 |
| Doge(DOGE) | D5nCBwbKCUwm33F6hJ8tNr5rNeNb4B9XhQ |
| Shiba(ERC20) | 0x4c2d122c66412598486e373f885835ccbf0e1a35 |