interestrateripoff Posted January 12, 2011 Share Posted January 12, 2011 http://www.guardian.co.uk/business/2011/jan/11/50-cent-ramps-stock-on-twitter?INTCMP=SRCH Move over Warren Buffett, there's a new stockpicker in town – and he has just made $10m (£6.4m) almost overnight. After rapper 50 Cent unveiled a new brand of headphones bearing his name last week, the former drug dealer, whose album Get Rich or Die Tryin' went multi-platinum, used Twitter to tell his 3.8m followers to buy stock in the marketing company – a business he partly owns.H & H Imports has "one of the 15 products this year. If you get in technically I work for you. BIG MONEY," he tweeted. 50 Cent, aka Curtis Jackson, added that the "stock went from 5cent to 10 in one day. You can double your money right now. Just get what you can afford." His follower s evidently took his advice: 9.24m shares were traded in two days and the value increased tenfold. Being a financial adviser is not, of course, 50 Cent's first gig. Long before he started out as a Billboard chart-topping rapper, he was a teenage crack dealer in Queens, New York. And since his first album went sextuple platinum,'s success he has moved constantly to new industries. Penny stock pumping and dumping coming to Twitter? This could be a good investment, but rather than using emails to look for investors/suckers this might be the way forward. I wonder how long before SEC decide to investigate these sorts of actions? Quote Link to comment Share on other sites More sharing options...
Patfig Posted January 12, 2011 Share Posted January 12, 2011 http://www.guardian.co.uk/business/2011/jan/11/50-cent-ramps-stock-on-twitter?INTCMP=SRCH Penny stock pumping and dumping coming to Twitter? This could be a good investment, but rather than using emails to look for investors/suckers this might be the way forward. I wonder how long before SEC decide to investigate these sorts of actions? So has 50 cent become a dollar? Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 12, 2011 Share Posted January 12, 2011 there seems to be a small cap bubble beginnning right now, AFAIK, new stock bubble ahead Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted January 12, 2011 Share Posted January 12, 2011 http://www.guardian....ter?INTCMP=SRCH Penny stock pumping and dumping coming to Twitter? This could be a good investment, but rather than using emails to look for investors/suckers this might be the way forward. I wonder how long before SEC decide to investigate these sorts of actions? Isnt this what Jim Slater/Nazi was jailed for....pumping stocks he'd bought and selling as the proles rushed in? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted January 12, 2011 Share Posted January 12, 2011 Anyone who follows '50 cent' and 'twitter' deserves everything they get imo. Pump and dump, as Kirsty probably wouldnt say. Quote Link to comment Share on other sites More sharing options...
blackgoose Posted January 12, 2011 Share Posted January 12, 2011 A whole generation of rappers will follow 50 cent into this, and will probably rap songs about buying and selling shares for big profits. This might turn teenagers onto the stock market, though they will probably be more interested in the trash that the rappers are promoting instead of attempting to find good solid well valued companies. Quote Link to comment Share on other sites More sharing options...
Pauly_Boy Posted January 12, 2011 Share Posted January 12, 2011 He bought 10% of an energy drink company, Glaceau, producer of Vitaminwater and Smartwater. When Coca Cola bought Glaceau for $4.1bn in cash in 2007, 50 Cent brought home more than $400m. Wow, it sounds like this chap is more savy than I gave him credit for! Regarding the shares, if he said to everyone that he's bought some and that he thinks you should as well, surely that's ok as he has admitted a vested interest? Who says you can only get rich in property? He could could make a follow up film, 'Get tennents or get reprosessed tryin' Quote Link to comment Share on other sites More sharing options...
Austin Allegro Posted January 12, 2011 Share Posted January 12, 2011 "I pity the fool that buys my shares..." Oh, wait, he wasn't a rapper. He's been ramping gold for years though! Quote Link to comment Share on other sites More sharing options...
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