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Jetmek_03052

03/13/24 12:20 PM

#339872 RE: LOVE*PINK #339870

Very well.

Investment in that stock was ridiculous, as is investment in ANY company that might have zero employees and zero revenue.

No company with ZERO revenue could POSSIBLY have a legitimate valuation of $2B. It apparently has no business that makes money! For all intents and purposes, it's an impossibility! The ONLY reason it had ANY valuation is because penny investors invested in something that had NO VALUE, drove the stock price up and gave it a FALSE value!

It is not an investment at all. It is a straight up gamble. It's like betting on when a crow will fly off a power wire! Or when a fly will fly into the zapper! There's no reasoning to it.

99 times out of 100, an "investor" gambling on such a company making them any money will LOSE. They will lose 99% of the time.

But you know what? If you want to promote "investing" in something that has basically a ONE PERCENT chance of succeeding? Go right ahead! That is what penny players do - lose money, hoping for that one magic gamble to hit.

That is what DBMM is. It is a terrible "investment". More realistically, it IS a gamble, with no logic behind it except "Hey, there's like a 1% chance it MIGHT go up - so I'll guess I'll throw some money at it"!
Bearish
Bearish

Stepbro69

03/13/24 4:47 PM

#339918 RE: LOVE*PINK #339870

Excellent post