"My point is that based on its current market capitalisation, Afterpay is not a penny dreadful stock. Any suggestion to the contrary is ludicrous."
My point is market cap has little to do with quality.
APT is actually much, much worse than a penny dreadful. It is a a giant bubble trading at 100x it's intrinsic worth. Vastly more people are going to be affected when (not if) this collapses. It is pretty clear from the forums that some people have their entire wealth 'invested' at a high buy in price.
When the Uber driver start giving share tips it's time to run away.
