Never underestimate the power of hype, fomo and momo I have borne witness to many stocks that have done 10x to 20x in a relatively short interval.
Qnc’s marketcap is only $10 million. In this market, that’s a runway for a 10 bagger.
Some are calling this a pump and dump.
If this is the case, the entire market may as well be deemed a pump and dump.
This stock will probably be @ 30 cents before the next news release.
The current market is attributing Significant forward value to anything in a hot space.
I vividly recall during the last run how many of us were talking DOLLARS.
And the talk was principally around the technology.
Well, the tech remains cutting edge. It just needs something to bleed on.