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
23,445 Blog Posts

Got a Chart Breakout: $KONE

It’s a $9 million market cap company, with 1.4 mill shares outstanding, higher by 400% today, on no news. Oh, it’s also based out of China.

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What can go wrong, buying up at these levels? I can guarantee you this stock is getting to rain bloody fucking hell onto those buying now. I see this is a very actively discussed stock on StockTwits now. You’re all wanton gamblers, degenerate retrogrades of the very first magnitude.

With the recent run in the markets, the Chinese scam artists have been especially active these days. If I were you, I’d avoid this and anything domiciled out of China like the bubonic fucking plague.

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2 comments

  1. ottnott

    LOL. Volume now almost 10X shares outstanding and almost 1000X average volume.

    Chairman owns almost 50% of shares.
    Co. incorporated in British Virgin Islands
    A single customer accounts for 66% of revenue
    All revenue from sales in China
    The company makes loans (small, so far) at zero interest to other enterprises controlled by the chairman.

    What could go wrong?

    Now up 470%

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