RE:100 X earnings
Onlooker1275 wrote: Are you nuts buying this.Those valuations might be reasonable for a high-growth cloud stock, but BlackBerry's uneven growth doesn't justify those premium valuations. https://www.fool.com/investing/2021/01/29/why-is-everyone-talking-about-blackberry-stock/
I try to think of how much the value would be if Hedge funds weren't allowed to do what they do. Often you hear how short selling makes the market/economy better but for myself that is a myth perpetuated by the very people who keep the market from running as it should. I'm talking about what true investors think a stock is worth. Call it speculation if you like but something is only worth what people are willing to pay for it. Sure people buy shorted securities but they don't do so because they think that's all it is worth. It's simple bargain hunting by investors who believe their stock of choice is worth more than they paid for it. Yet people who don't own a share have more influence than millions of people willing to risk their money on becoming an part owner of a company.
By the end of 2019 Hedge fund assets totalled $3.2 trillion dollars, not counting the made billionaires and millionaires who by manipulation have driven the economic mess that countries are facing, particularly the USA. Right now Congress trying to pass a $600b stimulus package. Yet one Hedge fund can bail out another with $2.9b, as simple as tipping a waiter. I can only surmise the Hedge funds want it too just to short gold when it rises because of stimulus and cash in. They won't help anyone but themselves. A scourge on humanity and the very essence of greed in America. Just my thoughts.