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Monday, September 27, 2021 5:09:43 PM
the argument is without R/s penny at 50B means 500 million market cap which is unreasonable based on ...comparative analysis based on financials based on 2019 extrapolated on weak to low growth..
yes, that's true if this continues to be the 2018 2019 hemp life today it was in 2018.
the counter argument is simple "seen many stocks go crazy with share price making huge market caps" aka "seen some go silver before"
indeed, I'll give you some blue chips that have no REASON to be so hugely valued.
all of them
amazon, 1.4 trillion. does it do anywhere NEAR 1.4 trillion in even sales a year? no. even revenue plus valuable assets doesn't equal 1.4 trillion
same apple,
same microsoft, same wal mart, same MOVIE STOCK (hell movie stock is 1B in DEBT. so it should actually BE 0 a share on this reasoning) neither game stock.
but game stock got promoted to the russell 1000, and movie stock on the squeeze play is the highest market cap in the russell 2000!
folks this is what stocks are. you place your bets based on your belief either the PPS will go up, or down.
if UBQU isn't a squeeze, folks who are buying at trip 4 now think it'll be higher than trip 4 later when they sell. those who are short on UBQU are betting we'll stay forever at nobid or get suspended so they'll never have to cover.
if ubqu turns out to be a squeeze, penny could be the floor.
folks who are playing this idea tho say, UBQU gets sales of 15M projected 2021. ok take 15M divide by 50B and you get trip 3. heck they would sell NOW. but they are just factoring in what they call "true value"
and indeed say in the first run we get to 0025 again, those same folks will claim truly overvalued on fundies only and sell then.
and those folks won't be betting on what we've learned since squeeze 1.0 in all stocks, nor will they be betting on the idea that every. stock. is. over. valued.
my opinion is the argument that market cap is a decent metric for any stock is one of the weaker ones for any stock.
cya tomorrow
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