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I think it's safe to say the market isn't rational when Zoom Technologies is up nearly 900% when it's completely unrelated to Zoom Video and not actually operat
by dumbfoundded 7y ago
I think it's safe to say the market isn't rational when Zoom Technologies is up nearly 900% when it's completely unrelated to Zoom Video and not actually operating.
There's a different HN post about it: https://www.nasdaq.com/articles/the-sec-really-wants-investors-to-stop-buying-the-wrong-zoom-stock-2020-03-27 https://www.nasdaq.com/articles/the-sec-really-wants-investo...
- noitsnot 7y agoI don't think you can really compare people accidentally buying the wrong ticker to investors unable to place valuations based on virus uncertainties. They were buying the wrong stock before the virus hit more than a year ago.
- dumbfoundded 7y agoThe wrong stock increased faster than the real stock. Volume matters too but when the underlying causes are irrational, how can any pricing be logical over any period longer than a few days?