The market goes from insanity to insanity. That is a given. Stay rational while others are losing their heads. This stock may be a case in point. It looks like its real value is in the price of the stock and not for any other reason. It doesn't seem to return anything to shareholders except the hope that another sucker will be drawn in by its high price - at a still higher price. Hope is best used to invest in lottery tickets.
NOTE: its earnings are this week.
This video (youtu.be/pU62UHpiU_8) got me thinking about such absurdity. Also, consider that the S&P is still in massive bubble territory concerning the Shiller PE ratio (see www.multpl.com).
Even as the value of fiat money eventually makes its inexorable way to zero not all assets will perform well all of the time. Hyperinflation requires hyper-volatility.
Another I like in this category is MNST.
NOTE: its earnings are this week.
This video (youtu.be/pU62UHpiU_8) got me thinking about such absurdity. Also, consider that the S&P is still in massive bubble territory concerning the Shiller PE ratio (see www.multpl.com).
Even as the value of fiat money eventually makes its inexorable way to zero not all assets will perform well all of the time. Hyperinflation requires hyper-volatility.
Another I like in this category is MNST.
Trade closed: target reached:
For now.