Pumpers can only talk about the story, when it comes to the numbers things start to look a bit weary.
Only numbers they care about: - Market caps - Total Addressable market - Total revenues of an entire company
And then they use the story to draw out easily calculable numbers from these values then think about a lambo and smile.
When you get down to the numbers of the onsemi deal and potential revenues, though a good announcement, you have to look at the company valuation and start thinking. The pumpers want the company to be excessively overvalued and use international examples to justify this.
You are buying a company, not a lotto ticket, or a hope that the market follows an incredibly overly optimistic view of things. And because it has happened elsewhere doesn't mean it happens here.
This is why when you consult the broker data I shared here, you can see net retail buying since that announcement and net insto selling since it. And how it corresponded with that pump and dump we saw.
WBT Price at posting:
$1.77 Sentiment: Sell Disclosure: Not Held
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