Teladoc, Inc. (TDOC)

[NewMoney]

Looks like SOLI, which is a penny stock traded company also in the telemedicine business we’ve discussed here before, is being crushed after trading resumed post SEC halt for coronavirus related fraud. That’s sad as there is plenty of room in this space, the legit companies like TDOC are nearly overwhelmed with traffic. This is just another sad indication to be wary of penny stocks.

I can’t believe the CEO was touting home testing kits he doesn’t have yet on a major news network. I believe that’s the issue. They may be ok in the long term but now he can probably look forward to class actions by everyone that took a massive loss. He’s either a liar or an idiot. Either way it’s a red flag and a reason to invest elsewhere.

An old wise man said, they’re pennies for a reason.