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JustJack

01/07/25 10:03 AM

#62652 RE: Alexulf #62651

That didn't last long. Down 15%

At the time of writing, it gained triple digits over two trading days.
I told you so! :-)


P.S.

I love how you thumbs up YOUR OWN POSTS. 👍️
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Acme Investments

01/07/25 12:00 PM

#62653 RE: Alexulf #62651

Wasn't about the timing!! It was about whether or not it was worthy of running!! Please backtrack conversation to get context before commenting!!
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JustJack

01/07/25 2:47 PM

#62655 RE: Alexulf #62651

From another board but applies here IMO.

Talk about collaboration and a sense of community but it is never around gathering real information about a company. Rather it is an effort to con the next fool into buying their shares. 🤔

Greater Fool Theory: What It Means in Investing, With Examples
https://www.investopedia.com/terms/g/greaterfooltheory.asp

The greater fool theory argues that prices go up because people are able to sell overpriced securities to a "greater fool," whether or not they are overvalued. That is, of course, until there are no greater fools left..

Investing, according to the greater fool theory, means ignoring valuations, earnings reports, and all the other data. Ignoring the fundamentals is, of course, risky; and so people subscribing to the greater fool theory could be left holding the bag after a correction.