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Saturday, 05/08/2021 7:32:48 PM

Saturday, May 08, 2021 7:32:48 PM

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Anyone buying now, for the first time, certainly has an expectations for a higher price in the future. I could paste a one year chart for the Chinese car maker NIO. The low at this time last year was just over three dollars. By early January this year the market priced the shares at sixty seven dollars. Quite a difference in less than eight months.

I could paste a chart for a medical marijuana stock that was priced at 0.003 cents in October 2016. In about five months, or 120 trading sessions, it topped out at three dollars twenty three cents, an appreciation of over one hundred twenty thousand percent.

Of course it should be noted the pricing for that same medical marijuana stock went back down to 0.003 cents a couple years later.

Still, fortunate individuals who bought no more than a thousand American dollars worth of shares in October 2016 and hung on became millionaires -- provided they cashed in.

Roughly a month ago the Doge was around an American nickel. Maybe it goes up in pricing in the next couple months to more than 30 American dollars.

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