Bioelectronics Corp (BIEL)

[The_Pro]

ON THE THEORY OF MEME STOCK AND DISASSOCIATION TO COMPANY INTRINSICS.

First a quip definition of a MEME Stock:


How Does a Meme Stock Work?
Meme stocks rise in popularity because of conversations held online. Due to the internet virality, they tend to see rapid price spikes. Because the increased price is artificial and not the result of the company’s actual performance, these spikes are usually followed by an inevitable crash.

https://www.thebalance.com/what-is-a-meme-stock-5118074

Classic examples of MEME stocks

GME
AMC
GM yes that bankruptcy stock

GME shot up due to wind of shorting by big Wallstreet Firms. Reddit peeps spread it virally and it cataclysmically took off.

Now with GM. Back in 2009 GM was forced into bankruptcy. The stock was not legally connected to the company yet it traded higher and higher. Completely disassociated from the company.

Enter the digital currencies. Bitcoin really has no intrinsic value. There's no company behind it making profits. The value is extrinsically, people throw money at it and it's market cap goes up. The more its market cap goes up the more acceptable it becomes. There's the extrinsic value.

BIEL had a push, from Keith Nalepka and company on twitter, that got swooped up on Reddit. The price rose fast and furious. Then the music stopped. Suddenly. Salaries were paid in stock per Kelly Whelan. Just putting this out there for food for thought.

A company can have profits, a robust quarter, year that beats earnings expectations yet the stock price sinks.

PROFITS DON'T MEAN AS MUCH AS YOU MIGHT THINK

I am PRO BIEL.