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How it used to work maybe, meme stocks are not tied to any performance or prediction other than stock going up.
by Hikikomori 2y ago
How it used to work maybe, meme stocks are not tied to any performance or prediction other than stock going up.
- soulofmischief 2y agoYes, that's what I said. They think the stock will perform better in the future.
- Hikikomori 2y agoYou said companies performance, maybe you meant to say stock performance?
- soulofmischief 2y agoI mean both. Investors tell themselves a stock price will go up due to company performance. Performance can mean a lot of things to different people and isn't necessarily tied to fiscal performance. No one is buying stock and thinking, "this company will tank, and that will cause the stock to shoot up" outside of very specific situations and events.