2 ms·
Probably better than the P/E of ZOOM, an unrelated penny stock which has spiked after their launch. https://finance.yahoo.com/quote/ZOOM?p=ZOOM https://finance
by grey-area 8y ago
Probably better than the P/E of ZOOM, an unrelated penny stock which has spiked after their launch.
https://finance.yahoo.com/quote/ZOOM?p=ZOOM https://finance.yahoo.com/quote/ZOOM?p=ZOOM
More seriously for a very early stage company with a large market P/E is probably not a good measure.
- govg 8y agoI wonder if there's money to be made searching for penny stocks that investors might mistake for a larger one, and buying it.
- jklein11 8y agoIts possible that the people who bought it recently were employing that exact strategy. If the spike in price really had nothing to do with the underlying company you might be better off shorting it. That way you will profit when people who bought it (on purpose or by mistake) try to unwind their trade