InvestorsHub Logo
Followers 25
Posts 7021
Boards Moderated 2
Alias Born 06/11/2020

Re: Don Quixote post# 9608

Sunday, 01/14/2024 8:17:14 AM

Sunday, January 14, 2024 8:17:14 AM

Post# of 14057
You old timers ever read a filing. 😆 Are you so old as to be able to determine the age of another alias? What I post here is from the filings and press releases complete with the links to the information which is rare for these promotional boards. This is a share selling scheme with zero revenue, zero full time employees, and a product with a zero path to monetization. Now this triple zero business has a method patent, big deal. The greater fool theory has run its course from what I see. The reality of this business has become more known and the fiction isn't selling anymore. You are a bit late to the game friend. 😆This was trading as low as $0.0001 just days before the October patent runup for a reason. 🤣

We old-timers know the game kid. Scram.

This is the Penny Market and we know how fast the moves are here and how they can pay off dearly. It's why we're here.

Greater fool theory
https://en.wikipedia.org/wiki/Greater_fool_theory

In finance, the greater fool theory suggests that one can sometimes make money through the purchase of overvalued assets items with a purchase price drastically exceeding the intrinsic value if those assets can later be resold at an even higher price.

In this context, one "fool" might pay for an overpriced asset, hoping that they can sell it to an even "greater fool" and make a profit. This only works as long as there are enough new "greater fools" willing to pay higher and higher prices for the asset. Eventually, investors can no longer deny that the price is out of touch with reality, at which point a sell-off can cause the price to drop significantly until it is closer to its fair value, which in some cases could be zero
Bearish
Bearish

Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent BEGI News