iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,418 Blog Posts

The Martin Shkreli Saga Has Reached New Absurdities

Apparently, Shkreli livestreams his entire life. I’m not particularly sure how many other biotech CEOs partake in such depravities, such as demonstrating World of Warcraft skills or hoverboarding about the office; but Martin thinks it’s a good idea.

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Last night the discussion on his livestream Youtube channel delved into stocks, as he took requests from viewers.

Someone mentioned WGBS and Martin had this to say.

“Could be an ok investment…Definitely not bad.. Definitely not bad… Yeah I wonder if this WaferGen is not so bad.”

On that news, this $12 mill market cap piece of offal is higher by 26% this morning, on nearly 4 million shares.

I guarantee this ends badly, 100%.

The sages over at StockTwits are all over this.
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Are you all this stupid, or simply feigning to be idiots?

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8 comments

  1. speerothekid

    As a man that doesn’t partake in putting money towards these kinds of garbage, this is 100% the most entertaining thing to me right now.

    It’s as close to watching a train wreck as it gets. Now with hoverboards.

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  2. Dr. Fly

    it’s quite enjoyable to me as well.

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  3. lplongo

    Definitely that stupid.

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  4. tradercaddy

    From the looks of his pic I would guess he is living in the basement of Mama.

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  5. formergeek

    CEO- thats short for criminal executive officer right? This is considered talent and working hard for todays workd

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  6. frog

    Gosh. How can anyone seriously be concerned about wealth inequality, when the Big Bucks are going to such worthy persons as Martin, who are contributing so constructively to our economy and society? What would we do without such people?

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  7. boyaj

    I touched on this in my post about Insider Trading, but truth be told, you’ve got to give this guy his due and props. I mean, the guy is broadcasting about the things he enjoys doing, and is building a brand. In this day and age, any publicity seems to be good publicity until it’s not.

    This guy is riding a hot streak, and considering what the entire biotech’s reaction was to his Turing price jack up, it would’ve been reasonable to assume that any stock he touched would turn to crap. However, for some reason, his purchase of KBIO moved the market. I’m not unconvinced that there is some big time manager who is making some moves in this as well.

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