Technology company Cynk Technology (NASDAQOTH:CYNK) 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.
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.