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Re: moneym8ker post# 231037

Thursday, 07/22/2021 2:10:43 PM

Thursday, July 22, 2021 2:10:43 PM

Post# of 235063
All true. And, yet, there is a population who will always bet on the longest-shot horse in a race in the hopes they will win a big payday.

From what I can tell, there's a movement underway to pump this in a meme fashion, ala AMC, and if enough people buy into it, it might happen.

So they're betting on a black swan event, not on the merits of the company or its stock, per se. Honestly, it's only a dumb bet if it doesn't work.