RE: Latest X Post π 3 Hours Ago26 Nov 2024 05:27
Reposted with slightly better grammar.
This is an interesting article,
Firstly it shows how "made up rumours" on social media [TW] can hurt a share, much like Georgina Energy suffered.
Secondlythere was another company with the "GEX" ticker, that saw their price crash through false rumours.
It wouldn't be the first time investors have mistook ticker codes on different markets and/or sold off through panic, that there was a link to their stock.
There is absolutely no link at all, except the same ticker code, but an interesting article for GEX holders for many reasons.
I wouldn't belive people could mistake ticker codes but many people trade and invest with no real knowledge of even what a company does, so it is possible.
Whatever the reason[s] for the drop from 19.4p early August then "made up" rubbish from TW didn't help
https://vietnamnet.vn/en/fake-news-drives-off-real-news-harming-businesses-2343309.html