Yeah it's amazing but true.
5here was an IPO that listed the other day, IXC that was repurposing an off patent diabetes drug for another indication and there were holders crowing about how it was FDA approved and how much it was gonna revolutionise diabetes treatment etc.
They had absolutely no idea what the stock was about even after reading the prospectus and buying the IPO.
And others believed their posts and it was pushed from 40c to $1.70. Back to 90c now. It's worth about 50c.
As always I was a horrible downramper for pointing out what they really did...
So yeah, people do read things without understanding any of it. And they're in charge of the family's money...
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