Are we heading to $50 next week now that Tencent own a 5% stake...

Are we heading to $50 next week now that Tencent own a 5% stake and retail are buying in droves? In the absence of peak Euphoria, it seems like the only logical thing to happen.

"The investment expert also says the Afterpay-effect had spurred get-rich-quick traders as the popular stock records aggressive and volatile rise and falls. “When a lot of the younger generation look at investing in the market, they go with names that they’re familiar with and Afterpay is a big one,” she said.

“It has performed well so they might get a few lucky hits and think this is an easy way to make money. “When in actual fact, when volatility spikes, you need to be very careful on the risk management side."

https://www.news.com.au/finance/markets/australian-markets/asic-releases-extraordinary-warning-for-mum-and-dad-investors/news-story/8a8b02d8530ae221fae6abf6d1925333