I think ultimately, this is one of those stocks, for those that get out at $.50 or a dollar ...and trust me it will be tempting for me to jump out at a dollar, are going to look back in two or three years and do the math and find out they would’ve been way better off just letting their money sit there.
The biggest wildcard in my mind is the macro environment, the market is broadly way over priced compared to historical norms with regards to price to earnings ratio‘s (seriously, what is the point in “investing” in a stock that is going to take 50 or 100 years to make enough profit to cover the price you paid for your share?) so it’s very hard to predict how high this thing can go because there are many companies out there with 20-50 price to revenue ratios that still haven’t made a dime of profit....If this thing gets the luxury of a 20 times revenue market cap, it is a 25 bagger at today’s price.
When the market finally pulls back 20 or 30%, does this stock become a safe haven or go with it? I think that is the bigger question.
Again, seriously, we continue hitting stock market records with high unemployment and lockdowns still occurring, once that next round of $600 checks are written I would get the hell out of everything else. I will be surprised if there is not an a massive sell-off the last week of December or the first week of January since Biden promised to raise capital gains taxes as well. A lot of money made this year to take a chance on a tax increase.
