Sky People Fruit Juice closed +64% to $3, down from an intra-day high $5 (+200%) on news of now being a crypto play. Don’t laugh; I’m deadly serious.
Traders on Twitter were quick to link the company to blockchain technology and the bitcoin craze, since Future FinTech announced in June it had changed its name from “SkyPeople Fruit Juice” to focus on financial technology.
However, there is no mention of “blockchain,” “bitcoin” or anything crypto-related in the release or the company’s November presentation to investors. The documents show the company intends to focus on commodities trading and e-commerce platforms, given its background in agricultural goods.
David Rudnick, Future FinTech’s investor relations representative, had no comment.
Trading volume topped 7 million shares, versus the 30-day average of about 248,000 shares, according to FactSet.
The U.S. Securities and Exchange Commission on Tuesday suspended trading in shares of The Crypto Co. until early January due to concerns that included potential stock manipulation. When contacted by CNBC, the company had yet to provide a statement by Tuesday afternoon.
Everyone is a crypto play now. iBankCoin will now begin accepting payments for Exodus in Bitcoins. On this morsel of news, I expect the value of my website to soar.
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If anyone pays you in Bitcoins, you should not expect to see said Bitcoins for a very long time. I hear they travel through the internets by horse and buggy.
It seems certain circumstances elevate your trading energy. A humdrum market is neh. Got to be something special; the funnel in 2008, the recovery 2009. This cyrpto just recently qualified (a week is the Fly gestation period) before the man joins in. Unbeatable when cranked.
iBankBitcoins.com, grab the domain quickly my friend.
Indeud.
Exactly, everyone is a crypto play today just like everyone was a dotcom play yesterday. But this is different this time. I am sure.
Some people kept the money they made in the .com craze
I call BS. Name 10, compared to millions who lost their house, wife, kids, 401K, and “gender-fluid” membership at the Venetian.