This isn't financial advice, but a little insight from a guy who made 57% on this today. You're technically right to be bemused. A fundamentals analysis would tell you this stock has several red flags; but I'll tell you what I tell everyone - in this market it's all sentiment. Uber, Afterpay, to a lesser extent Tesla, these companies trade at crazy earnings multiples all based on sentiment, FOMO, and a weird MMT mindset. We're in another version of the dot-com bubble, but bubbles can be a great time to make cash if you ride the right waves.
Meanwhile, this might fall 70% tomorrow, it wouldn't surprise me either way, I just thought it was worth taking a punt on and I was willing to risk a loss!
IMHO *after* a "proper" market correction we can all go back to being value investors lol.
This isn't financial advice, but a little insight from a guy who...
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.49M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 45978 | 2 |
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| Last trade - 16.12pm 31/07/2024 (20 minute delay) ? |
| TRU (ASX) Chart |
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