3 ms·
There's a $100 million dollar deli in new Jersey running this playbook. Been in the news recently. And due to news articles people have been buying? Everything
by TheAdamist 5y ago
There's a $100 million dollar deli in new Jersey running this playbook. Been in the news recently.
And due to news articles people have been buying? Everything seems to be a pump and dump but get out before everyone else does i guess.
- TheAdamAndChe 5y agoThis is called speculative investing(gambling) and happens in frothy markets. Such speculation occurs in bubbles, and they pop eventually. Its like a game of musical chairs: someone will be left out and hurt by it.
- 542458 5y agoThe deli had been running this playbook (low volumes giving an inflated cap). But since it got famous? Volumes are actually decent, and the price is still ridiculous. People are apparently deliberately buying into a market failure/scam/whatever-it-is.
- zzbzq 5y agoIt's the same with cryptocurrency, Tesla stock, Gamestop. The market-cap bubbles become a self-justifying cycle. Theoretically everything comes back down to earth, but only when it runs out of fuel. But the fuel is human insanity, which may be unlimited.
- jcpham2 5y agoThe market can remain irrational longer than you or I can stay solvent
- MomoXenosaga 5y agoNot sure about unlimited. Crashes do happen. Predicting those is the holy grail.
- camjohnson26 5y ago“Fraud creates alpha”
- skizm 5y agoAbout that deli, it's actually not $100 million any more... https://www.bloomberg.com/opinion/articles/2021-04-20/hometown-international-new-jersey-deli-is-actually-worth-2-billion https://www.bloomberg.com/opinion/articles/2021-04-20/hometo...