Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
If you want a diversion today as you wait for the weekend starting bell, watch Cynk shares.
Today the US SEC is letting traders loose on Cynk shares, quoted on the Over The Counter (OTC) market, after suspending trading a fortnight ago following a 23,000% rise in the shares of the one employee, zero asset, $1.5 million accumulated losses company which had a pre-suspension market cap of $4 billion.
Cynk shares have already dropped 86% to $2.
As the wags say, the strongest support for the stock is expected to be at zero.