SEC halts ZOOM for being confused with ZM

Hahah.

One has a market cap of $43 billion and the other has a market cap (currently) of $30 million. They ran the stock up from $.24 to $60 before it caught SEC's attention. Only 3 million shares outstanding.
 
Amun Ra said:
Hahah.

One has a market cap of $43 billion and the other has a market cap (currently) of $30 million. They ran the stock up from $.24 to $60 before it caught SEC's attention. Only 3 million shares outstanding.
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we should not legislate stupid. Took me 10 seconds to figure out when I bought some ZM last week. Good on ZOOM, sux that they're halted.
 
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Here4money said:
we should not legislate stupid. Took me 10 seconds to figure out when I bought some ZM last week. Good on ZOOM, sux that they're halted.
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Agreed. Let the suckers lose everything. People who can't even make sure the ticker is correct are the exactly ones who deserve it. Now SEC is handholding the imbeciles. Makes you wonder how they even got to open brokerage accounts.
 
d08 said:
Agreed. Let the suckers lose everything. People who can't even make sure the ticker is correct are the exactly ones who deserve it. Now SEC is handholding the imbeciles. Makes you wonder how they even got to open brokerage accounts.
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Absolutely. This hand-holding helps nobody. If you are a stock investor, know the stock you are getting into. The SEC coming to save the day for boneheads should not be in their charter. I can understand a market-wide circuit break, but to halt one company simply because the world is dumb? Come on!
 
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