For all the endless posts about how overvalued $(GME)$ is, I would argue that currently 80-90% of ALL STOCKS ARE OVERVALUED. What makes GME compelling to me, as well as most longs, is the strong likelihood of forced covering of illegally shorted shares at some point in the not too distant future. There's a clear possibility of GME going 5X, 10X, or even more. On the other hand, I'd say that a popular stock like AAPL has a zero chance of going 5X any time in the foreseeable future. Patience is probably required, but longs can afford to wait much longer than any short can.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments