ERF Wireless, Inc. (ERFB)

[jeberj]

The Nasdaq has gained more than 50% since its March low, it has just set new historical records, forecasters are revising their copies upwards, Covid seems to be behind us and the imperturbable march of the indices supported by the central banks has resumed. Nevertheless, there are warning signals again, complacency is giving way to euphoria, and some of the elements we will see below call for caution. All the more so as we are entering the summer period, which is conducive to air holes caused by a lack of operators and liquidity.

Volumes traded on the Nasdaq are literally exploding, the leading index, the SP500 is neglected, and technology stocks are in great demand because they have weathered the Covid crisis particularly well. However, professionals and novice individuals alike are now unanimously bullish, prices have soared, volumes have soared, and valuations are not to mention. The consensus is bullish, Apple is up 75% in 3 months, nobody is rebelling, the FOMO (Fear Of Missing Out) is in full swing. Everything is perfect in the best of worlds, except for ERF WIRELESS which is run by a bunch of dumb, good-for-nothing and incompetent people.