Meme stocks are back again

2023-09-04

In this exuberant market, investors seems to be more fearless than before. Many of them are buying in the stock market despite having a high inflation rate.

Has the money printer come back again. Vinfast, an auto company from Vietnam has grown to the 2nd largest auto company in the world. This has not lasted very long and has deep dived back down to the $20-30 range. This has to be a meme stock, with no valuable technology nor valuation, the company has grown many %.

It feels like another AMC / GME where many bagholders are trapped. Are they fearful or are they greedy? Surely, if you have enter in the right timing you would have found gold, else you will be stuck with a bag of traps.

Having invested in the Nasdaq 100 will be much of a safer bet as it is through a index fund. Let do it safely and make money

$VinFast Auto(VFS)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ $GameStop(GME)$

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Comments

BillyWilliams
2023-09-05
BillyWilliams
Looking into other EV company at least most of them have some intellectual property value and most of them still can not survive
- Mythz:
  Many are hit in this economy downturn
WendyDelia
2023-09-05
WendyDelia
When everyone says it's safe to buy, sell it FAST. It's a complete disaster.
- Mythz:
  At this situation, yea
WernerBilly
2023-09-05
WernerBilly
Oh no definitely not buy any meme stocks!!!!!
BillyWilliams
2023-09-05
BillyWilliams
Looking into other EV company at least most of them have some intellectual property value and most of them still can not survive
Herwin Zuraimi
2023-10-05
Herwin Zuraimi
Great ariticle, would you like to share it?
VivianChua
2023-09-07
VivianChua
Nice 💚 💚 💚
- Mythz:
  Thank[Smile]

Leave a comment

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Many of them are buying in the stock market despite having a high inflation rate. \nHas the money printer come back again. Vinfast, an auto company from Vietnam has grown to the 2nd largest auto company in the world. This has not lasted very long and has deep dived back down to the $20-30 range. This has to be a meme stock, with no valuable technology nor valuation, the company has grown many %.\nIt feels like another AMC / GME where many bagholders are trapped. Are they fearful or are they greedy? Surely, if you have enter in the right timing you would have found gold, else you will be stuck with a bag of traps.\nHaving invested in the Nasdaq 100 will be much of a safer bet as it is through a index fund. 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💚","likeSize":1,"commentSize":1,"subComments":[{"id":106519863,"gmtCreate":1694065673073,"gmtModify":1694065678164,"authorId":3575549636304964,"author":{"id":3575549636304964,"authorId":3575549636304964,"name":"Mythz","avatar":"https://static.tigerbbs.com/fe072da34a32434caeeb48d8b9daaec1","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 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