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EnigmaDude (53.99)

October 2014

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The Wocket Rocket

October 03, 2014 – Comments (0) | RELATED TICKERS: NXTD

The stock of a small company called Nxt-ID, Inc. (NXTD) is rocketing higher today. This is apparently based on news that the company is planning to do some national TV ads for their new "smart wallet" device called a Wocket. I'm not convinced that this is a stock worth investing in but it looks like about 8 million traders are betting on it today, driving the stock price up nearly 40% over yesterday's closing price. 

As far as a little background, investors might want to take note here. From the company’s 2013 annual report:  [more]

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