Loading ...Our risk-free forever-surging stocks are too tame? Chase “blockchain” and cryptocurrencies, even if it’s just a name.
The thinly traded shares of On-line Plc [LON:ONL] spiked 528% Friday morning in London, after it announced on Thursday that it plans to change its name to On-line Blockchain Plc, explaining that “blockchain technology and cryptocurrencies are a new and exciting area we have been working on for some time.”
As its shares were exploding higher on Friday, the company came out with a statement cautioning that its blockchain product is just at an early stage, upon which shares collapsed two-thirds of the spike, then re-spiked before tapering off and closing up 165% for the day.
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