Seriously. A friend and I were discussing how this stock is stupidly overpriced. Their debt to equity ratio is over 5, meaning they are LOADED with debt, and the fed just acknowledged that interest rates will rise if they need to.
Ummm...why would I drive to a casino when I can just buy calls/puts on robinhood or trade crypto on coinbase?... I save money on gas, I don't have to deal with crowds or wait, I don't have to deal with dirty crappy machines or bad dealers. Sure Robinhood and coinbase have their own downfalls but it's a simple fact that we will literally have virtual casinos on decentraland that all of us can just log on with our VR and go play poker with our friends.
I think we should SHORT IT.
(Not financial advice)
Comment
⋅
Noteworthy that we're in the standard fib extension where a correction would occur.