SIGL - Mistaken identity sends microcap Signal Advance Inc. soaring

Signal Advanced Inc. (SIGL) more than quintupled today after Tesla's (TSLA) Elon Musk tweeted on Thursday to ``use Signal,'' referencing the secure messaging service. Signal Advance is not related to the Signal that musk tweeted about.Signal Advanced also jumped 527% on Thursday and 91% on Friday and was trading at 60c on Thursday, closed today at $38.71.Famed tech investor Chamath Palihapitiya also might have contributed to the gain after he tweeted to longer text him on Whatsapp and instead download Signal after he said that Whatsapp will begin sharing its data with Facebook (FB) in February.Millions of users have jumped ship to Telegram and Signal in the past week, according to data analytics firm Sensor Tower, as WhatsApp told users they must share sensitive personal data with Facebook or have their accounts closed.

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Mistaken identity sends microcap Signal Advance Inc. soaring