January 7, 2021, Elon Musk tweets two words on his Twitter wall and this tweet inspires investors to invest in the wrong stock. Elon Musk tweeted “Use Signal” as a result of which his followers invested in Signal Advance Inc. and just three days the stock value of $0.50 rose to an all-time high of $38.70!
Price increased 7740% in three days which was a wrong call of Elon Musk.
It was a mixed-signal of Elon Musk. He was talking about using a messenger application called Signal. On January 11, 2021, @alexandersibert mentioned in a tweet to @elonmusk that He(E) should invest in @signalapp because it’s using an end-to-end encrypted message protocol that makes sure user-privacy is strongly secure.
Elon Musk said in a reply that he had already donated to Signal Messenger a year ago and will donate more so that everyone uses the app.
So it’s clear that Elon Musk has asked to use the Signal app, not to invest in the stock market on January 7, 2021.
On January 9, 2021, SignalApp‘s Twitter wall updated that Signal and Signal Advance Inc. although the growth of the two companies is similar, they’re not connected and further states that the signal is an independent 501c3 non-profit and their only investment is in user privacy.
Mixed Signals – What do stock analysts say about mixed signals?
SignalApp refers to ‘mixed signals’ when referring to user misconceptions.
To trade, you have to do a thorough market analysis which is done by a market analyst. Many types of signals play a role in market ups and downs. Although each signal is identified by different names, some signals work simultaneously in multiple ways or multiple times.
Elon Musk’s “Use Signal” tweet also acted as a mixed signal. Elon Musk was signaling the use of the Signal Messenger, but the signal was given in such a way that the two companies were almost identical in name, so the user became confused and made the wrong trade. The result is instant stock market manipulation.
What does Signal Advance Inc. do?
Signal Advance Inc. a ‘medical tech’ related company. They make gadgets/technologies used in the treatment of physical and mental illnesses.
Signal Advance Technologies, Inc. won the first prize of the 2011 Goradia Innovation Competition.
Signal Advance Technologies, Inc. also received the 2012 Innovator of the Year and 2015 Innovator of the Year awards.
Some great directors of Signal Advance Inc. are –
- Chris Hymel
- Ron Stubbers
- Malcolm Skolnick
- Richard Seltzer