The universe of companies that make up off-exchange trading in America is vast, and they trade on lightly regulated quotation services where information is scant to non-existent. On any given day, there are a dozen or more Blue Sphere-like stories of tiny, profitless companies that mysteriously go from obscurity to viral sensation. Now we can’t obviously pay attention to every single screen, so we depend on the community to report something that might seem a little bit off or funky,” Khanna said in an interview. “Those would be one of the ones on the top of my list to say to people, ‘Please understand the risk that you’re taking going in there.’ I learned early in life, if there’s a lot of upside, there’s a lot of downside. U.S airlines and renewables companies are lobbying the Biden administration to back a big increase in subsidies for lower-carbon aviation fuel, arguing new incentives are needed to help fight climate change and will also make their recovery from the pandemic much greener, industry trade groups told Reuters. The chat-forum posts came in … Moneyman223 was a prominent voice throughout, imploring fellow members to jump in before the stock exploded. “It’s something we keep our eye out for. People just might not want to tell you about the downside.”. Most of it is all garbage. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. The Quint also operates WebQoof, a fact … When a series of defaults in 2018-19 sparked concerns about debt funds, schemes investing in the paper of banks and public sector companies fared much better. May your losses be low, and your gains be high.”. That the company had neither a stock exchange listing nor recent financial disclosures of any kind seemed not to matter to anyone. 5 . The page, r/pennystocks, now boasts over 430,000 members -- “astronauts,” using the site’s own nomenclature. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S. (The dollar surged. “Remember, don’t trust anyone, especially all the talk on Stocktwits. The high quality of borrowers means the risk of default is less for such mutual funds, according to Amit Bivalkar, MD and CEO of Sapient Wealth Advisors, … These days, there’s plenty of hopefuls out there. In the Instagram video, Noyes was seen singing and dancing before writing: ‘Ok, I know I’m annoying y’all, this is my last post’. Bloomberg | Quint is a multiplatform, Indian business and financial news company. 6. The first step? And while nobody so far is ascribing illicit intent to the goings-on in today’s trader-chat rooms, it’s hard not to note the similarity to the penny-stock crazes of yesteryear, when schemes like “pump-and-dump” and “greater fool” were the rage. Albert held the position of Group Chief Executive Officer for 14 years, and prior to that, Chief Financial Officer. Join our. “People start to look around and say, ‘What else can I do with my money?’” said JJ Kinahan, chief market strategist at TD Ameritrade. TRGainz and Alwaysliquid knew what was coming and were struggling to contain their excitement. Trading of OTC stocks is available for those with Schwab brokerage accounts. One option reads, “Identifying a pump,” and links back to a three-year-old post titled, “How to find, and ride pumps.”. Roughly 2 billion shares traded that day, staggering and yet not altogether abnormal volume in a burgeoning new age of penny stock speculation. “I have no speculation or knowledge or even guess on what starts that, but whatever does, it feeds on itself and year-to-date that’s been another hot trend.”. ण à¤à¤¾à¤§à¤µ मामला: ICJ मà¥à¤ PAK à¤à¥ à¤à¤à¤à¤¾, à¤à¥à¤¸ सà¥à¤¥à¤à¤¿à¤¤ à¤à¤°à¤¨à¥ à¤à¥ माà¤à¤ à¤à¤¾à¤°à¤¿à¤", "FAKE ALERT: Leading digital news portal falsely claims India in Stage 3 of Covid-19 - Times of India", "Covid-19: Govt says report on stage 3 misleading, denied by official", "ICMR has little basis to claim there is no community transmission of COVID-19", "Has India entered stage three of Covid19 outbreak? The chat-forum posts came in fast and furious as the stock soared: “Incredible day everyone,” “we r gonna filthy rich together” and “congrats to everyone who took the risk & believed in yourself!!!!!!”. The publication's journalists have won three Ramnath Goenka Excellence in Journalism Awards and two Red Ink Awards. Lawmakers are planning to extend new assistance to U.S. airlines for … Roughly 2 billion shares traded that day, staggering and yet not altogether abnormal volume in a burgeoning new age of penny stock speculation. American TikTok star, Dazhariaa Quint Noyes, otherwise known as Dee, died on Monday February 8 by suicide just after posting a final video to social media. The company hasn’t filed a report with the U.S. Securities and Exchange Commission in roughly two years. For anyone observing at a distance, it’s hard to understand how penny stocks of the moment are chosen. One rapidly growing Reddit forum dedicated to penny stock trading recently updated its rules to curb user shilling. Spokespeople for HNA, headquartered in Haikou on the … Emails and voicemails left by Bloomberg News weren’t answered. “Get in or regret not getting in,” the moneyman posted early Jan. 14, a day after another Stocktwits member had tagged Blue Sphere as a clear winner from the Democrats’ climate-change agenda. Such is the challenge of telling a true long-term penny stock investment from a straight pump -- when a group of people pile into the same stock at the same time to quickly influence prices. Attempts to contact officials at Blue Sphere for comment were unsuccessful. But in trying to locate the spark, these types of message-board conversations almost always presage takeoff. Prior to that, Albert also held a number of senior finance roles within Hays Plc, the FTSE 250 recruitment company. Photographer: Michael Nagle/Bloomberg), Missing BloombergQuint's WhatsApp service? Stocktwits, which bills itself as the largest community for investors and traders, has been increasing its focus on content moderation and support to crack down on get-rich-quick scams, according to Chief Executive Officer Rishi Khanna. Tata Sons Private Limited is the holding company of Tata Group and holds the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants. In some nine hours, financial markets would open in New York, and when they did, an obscure penny stock by the name of Blue Sphere Corp. would suddenly, and seemingly miraculously, soar, handing a windfall of some $30 million to those who had loaded up on the stock in the weeks before. “Don’t cross the line,” the post reads. It is a privately owned conglomerate of nearly 100 companies encompassing several primary business sectors: chemicals, consumer … However investing in a stock that is rising in price and volume is not.” But in closing, “Good luck everyone! “I hesitate to tell you this simply because I don’t want you to buy into all the hype on there,” the post reads. ", "The Quint Wins 3 Golds at South Asian Digital Media Awards 2016", "Winners of South Asian Digital Media Awards announced; Best in Print â Asia Media awards also presented", "The Wire Wins 'Best News Startup', 'Best Use of Video' at South Asian Digital Media Awards 2019", "Manoramaonline.com Awarded Best News Website of the Year in South Asia", "The Quint Wins 3 Ramnath Goenka Excellence in Journalism Awards", https://en.wikipedia.org/w/index.php?title=The_Quint&oldid=1005577243, Wikipedia indefinitely semi-protected pages, All Wikipedia articles written in Indian English, Articles lacking reliable references from January 2021, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 February 2021, at 11:28. “Now I do want to stress the importance here that pumping a stock is illegal. “We’re not going to stop it all -- that’s just physically impossible -- but we do our best.”. FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. For days, chatter on this Stocktwits page and others, like a message board for Reddit users dedicated to penny stocks, had been steadily building about Blue Sphere. Company’s website has financials backed to 2018. Late the next day, the final session of trading before the long weekend, Moneyman223 was prodding again: “not too late for you fools to still get in.” Then a character named byelowsellhi declared: “Have a great weekend fellow future millionaires.”, Blue Sphere soared as advertised on Jan. 19. In the aftermath of the stock’s surge last week, a Stocktwits member with the user name WolfeRegalia, wrote, “I can’t find any real information. By the end of the day, it was up 451%, having risen from six-tenths of a penny to over 3 cents. According to the post, start by downloading Stocktwits, but use your own discretion. Like everything on the internet, it’s next to impossible to track down exact origins. Then find a stock that’s recently gone parabolic, do some research to see which people were telling folks to buy before the surge (they’re the pumpers), follow those people and set up alerts for when they make new posts. Pro, you can access unlimited search results, save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria. How does critical mass form around them? At the top of the r/pennystocks page is a frequently asked questions drop down menu. KEY INFORMATION 2. That’s up 21% from the end of December, according to Breakout Point, a data and analytics firm that tracks such information. Don’t believe it.”. Ant Group strives to enable all consumers and small businesses to have equal access to financial and other services through technology. It was 12:43 a.m. on Jan. 19, and TRGainz, a frequent user of the social media platform Stocktwits, was getting antsy. As for Blue Sphere, it appears the fever hasn’t broken. “Can’t sleep,” he shot back seconds later. Call it another froth marker -- retail traders beset with mass psychosis amid zero-commission fees and zero benchmark interest rates -- to be filed alongside the GameStop Corp. saga, the three-fold rally in cryptocurrencies, the SPACs that are minted daily and the record highs being plumbed by major equity indexes. The push reflects the … Rules regarding trading over-the-counter securities vary broker to broker, but they can be purchased on any of TD Ameritrade’s trading platforms for a fee. The Quint is an English and Hindi language Indian general news and opinion website founded by Raghav Bahl and Ritu Kapur after their exit from Network18. So too was Alwaysliquid. A U.S. House committee on Wednesday will consider a Democratic plan to allocate another $14 billion to extend payroll assistance to U.S. airlines to keep thousands of workers on the job through September 30, according to a committee document seen by Reuters. The stock price did almost collapse 50% in the first three days after its Jan. 19 pop, but on Monday, it shot higher once again, ending the day at 2.2 cents, for a gain of 26%. Any leads someone can recommend? Blue Sphere soared as advertised on Jan. 19. “The newly minted day traders which have been such dominant forces in the market -- they keep finding other places to go and bring that speculative fervor into the mix, and it seems penny stocks is the latest,” said Liz Ann Sonders, Charles Schwab’s chief investment strategist. Albert is a qualified Chartered Accountant and is also currently a Trustee of Asia House. Lately the frenzied pace of boom and bust in these penny stocks has started to drown out all the other forms of speculative mania in the pandemic-era market. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to … Air Transport Services Group Inc (NASDAQ: ATSG) Q4 2020 ... Quint Turner, our CFO is standing by to recap our 2020 results. HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge fund during a costly global acquisition spree, says its creditors have asked a court to declare the company bankrupt. Thanks in advance.”. ", "India May be in Stage 3: COVID-19 Hospital Task Force Convener", "Why does India deny Covid community transmission? It was a clean-energy company and, with the Democrats taking control of both the White House and Congress, that was enough to make it a sellable story to the day-trading masses who had turned into an unstoppable force in the great pandemic stock rally. By the end of the day, it was up 451%, having risen from six-tenths of a penny to over 3 cents.
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