1- this company is not amazon, that’s a funny comparison tho 2-...

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BPacker

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23/01/19

19:18

Post #: 37203811
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Originally posted by Robert310786 ↑

Originally posted by BPacker
“Openong price prediction” LOL
I’m not surprised to see all the guesses of 10c for QBL after open, and if somehow it gets there then well done to you all.
10c gives QBL a market cap of 330million dollars, making it by far aus’ largest MM company. After reporting a loss of over 5mil last year and only making a measely few hundred thousand off the hemp business, I don’t see where the logic is in saying the company is worth well over a quarter of a billion dollars.
No one is saying that at all. Just because it opens at 10c doesn't mean it's worth that, it means that everyone is suddenly getting on the QBL train and buying because of the hype, but just as many will get off the train and see it finish the day or week at 7c or less.
Amazon hit $2000 a share but just as quickly dropped back to $1400 or something. What the company did something in a month to make them worth hundreds of millions less... No. People just took profit and sold shares.
All this talk of market cap is fair enough for long term, but short term it's the people who decide the price

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1- this company is not amazon, that’s a funny comparison tho
2- this company rode the hype train in December/January/feb, trapping a hell of a lot of retail holders in the process. I really don’t see QBL getting the hype that they used to, as pretty much the whole market is aware that traditionally it’s a pump and dump stock. I believe that will change but not overnight. But, this is just my opinion, it could hit 10 cents and I’ll be happy to be proved wrong. Good luck to you and all other holders.

QBL Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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