why do people buy at this price ?

Tracccy
2021-11-03

I'm just curious of people buying this stock, what is the justrification to buy at this price level? It provides no dividend, it has negative earning, its P/B ratio is at a hefty 50 (way overblown).

And, all those promises about future does not materialize, until, in many years ahead. Even if it does materialize, the P/B ratio alone is gonna take years to justify the stock price.

So why do people buy at this price ? Just hope it keeps going higher, but no tangible return?

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精彩评论

  • EvelynHoover
    2021-11-04
    EvelynHoover
    People expect short-term speculation rather than long-term holding, so when everyone buys, the stock price will rise. When they sell, they can make money.
  • PageDickens
    2021-11-04
    PageDickens
    Maybe people are not rational investors, just by feeling and interest, or even some gossip. The stock price will always give an explanation.
  • BrianWashington
    2021-11-03
    BrianWashington
    As a short-term trader, all I care about is whether this stock will make me money quickly
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