That's why I got out. I was troubled by the over the top hype by some here on this forum and immediately smelt a rodent! Now that BBX has got into the most discussed topics, it tends to confirm my suspicions. Because when they do it's usually down from there! Just take a look!
As I've said before I hope I'm wrong for the sake of those still in it for a punt. But I've been around long enough having enjoyed the results of a number of scams, including the
Poseidon bubble when the stock climbed from $0.80, as information about the discovery was released, the price then rose until it was trading at $12.30. After this, very little further information came to light, but the price continued to climb due to
speculation; at one point, a UK broker suggested a value of up to $382 a share.
Poseidon shares peaked at an intraday high of $280 in February 1970, and fell rapidly thereafter.
Nothing as exciting as those days can happen again today, well I doubt it due to regulations in place. If you weren't around then you have missed some of the best trading days ever.