4 ms·
I don't think you are correct. You imply there are a lot of people willing to buy for the current price. I think the scenario is different. A professional trad
by tanto 6y ago
I don't think you are correct. You imply there are a lot of people willing to buy for the current price. I think the scenario is different.
A professional trader is happy if he makes 10% or 20% a year. This is considered for most a great achievement.
The average Joe whose friend told him that he can get rich buying Tesla stocks will only sell for 200%, 300% or even 1000%+ on his micro shares.
We got a market full of people which go in and buy for whatever is there and try to sell for a lot more. Sometimes they panic and sometimes they forget about it.
Additionally we currently have a lot of index funds forced to buy because of the inclusion. Which is genius move of Musk/Mizuno and others.
It's hard to predict where Tesla, Zoom and others will end up. I wouldn't dare to make any prediction. They might grow into their evaluations given time or a lot of average Joe's might decide its time to pay rent or even buy a house. Let's wait and see.