This 20X earnings etc .... yeah I see this all the time mentioned with stocks but it is so variable and inconsistent. What's Afterpay PE ratio? MAybe PE is really only accurate for divi paying companies?
I have another stock and it's PE is 2X and peers are 6X, thought I bought a bargain and it has remained a bargain still whilst it's similar peers are still 6X .... go figure. So as time passes I rely less on these ratios and more on charts. I still like to know the companies fundamentals as in what they do and what are their advantages.
On up and comers though how important is PE? I really don't know, I think the market values potential more than PE, the market likes a seedling that will some day (almost 99.99% sure) become a huge tree. I see crypto's that basically have no PE at all, no announcements, no fundamentals rise and fall based on what?
Here's the BTC chart, note the price then look at the technicals, you can pretty well make out the time to buy and the time to sell, it's just turned upwards .... now BTC alone has a market cap of $195 billion USD ... that is just 1 crypto and that money is not in the regulated financial areas of banks and say stock markets.
I have marked a doji that is common on trend reversals, also note the STOCH cross over is pretty bang on with MACD not far behind it. There's no FA here, it's all TA .... sentiment.
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