That's how everyone lost their investment on Zip and Sezzle by comparing to APT
APT was simply a momentum play and a defacto proxy for the Nasdaq as we have so few tech stocks here.
APT is a really almost worthless as SQ shareholders are now finding out.
Affirm is also grossly overvalued.
Since Covid lockdowns we have an army of new investors/gamblers who don't have the first clue about company valuations but if they press the buy button it's foolish to stand in the way but eventually they all get wiped out
SZL Price at posting:
82.0¢ Sentiment: Sell Disclosure: Not Held
