"The young investors who are part of this new wave prefer to conduct research on Reddit, Facebook, TikTok and Twitter, and speculate on stocks they expect to rise, without any reference to fundamentals.The result is befuddled valuations across the market where online forums and social trading determine valuations far more than estimates of future cash flows."
The old investors who don't understand the valve computing -> silicon switch computing -> quantum computing -> quantum with silicon computing paradigm, are obsessing on investment performance fundamentals instead of buying $2 Tesla shares in 2012 which only first made net profit in the last few years. SP now $160, down from $400. 200 times the investment in 10 years is pretty good.
Remove the underscore: https://www.af_r.com/markets/equity-markets/archer-materials-dimerix-stoke-meme-stock-fever-20210816-p58j1q
It remains to be seen, but it could also be written by a reputable business media conglomerate that to class this company as requiring business fundamentals when evaluating future return potential, as per this old sentiment from AFR in 2021, really shows a lack of foresight on the cusp of new and revolutionary changes to technology involving AI, navigation, big-data, robotics, medical, imaging, and biochips. It still boggles my mind how one would look at the Archer Materials investment option and think "wow, they don't even have any revenue" and then being silent on all these technical milestones and developments over the next 3 years. Time for AFR to publish an update.
AXE Price at posting:
59.5¢ Sentiment: Buy Disclosure: Held
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