Quindecillionaire Returns: Should You Invest in CYNK Technology?
Technology company Cynk Technology has exploded, both in terms of stock appreciation and interest. And who can blame investors for seeking information on a company that can boast of a return of 13,800% in a little under a month? If we annualized that figure -- adding a few days to its tremendous run to give it a full month -- you come to a whopping figure of 47,744,865,089,059,690,859,612,279,905,179,462,444,580,409,205,601%, or you'd be sitting on a gain of roughly 48 quindecillion percent. For perspective, the bolded number sequence is trillions -- a figure representing the US GDP (roughly $17 trillion) and our debt (nearly $17.5 trillion).
In today's Stock of the Day, Jamal Carnette and Mark Reeth discuss this company. The SEC halted trading today due to "potentially manipulative transactions," and for good reason -- the company appears to have one employee, no assets, huge accumulated losses, and no revenue. And while we at The Motley Fool love to have a good time, losing hard-earned money on poor and/or potentially illegal investments is no laughing matter.
Be careful fellow investors.
A better investment: Spend a few minutes learning how Apple's new product can really pay off!
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!
The article Quindecillionaire Returns: Should You Invest in CYNK Technology? originally appeared on Fool.com.Jamal Carnette has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.