Originally Posted by
Trsnrtr
If you want to see/hear financial weirdness, Planet Money just did a podcast on Hertz which is preparing to go bankrupt. The stock fell to $0.40/share and theoretically should go to zero in the near future but for some reason, individual investors started buying it up and drove the price up to $4+ in a short time. People who bought at $0.40/ a share made a bundle in just a few weeks. It's currently trading at $1.42 and should be trading at near zero. Nobody can figure out why it happened or is still happening.
During my last gasps in the stock market, in early May, I saw that happen on several occasions. Not on anything I owned. The apparent feeling then was that, at a price this low, what could go wrong? And it's a good question.