The biggest issue here is the

2022-12-30

The biggest issue here is the ongoing struggle neophyte investors have with their inability to correlate a company with its stock price.

$Airbnb, Inc.(ABNB)$ "Airbnb is a great company!" Uh huh, while I disagree with that for a plethora of reasons, just because you love the concept doesn't make the company worth 52 billion dollars (today's market cap).

I love BMW's (own one), doesn't mean one's worth a billion dollars.

I love Nike golf clubs (sad they moved out of that business) - doesn't mean a set is worth a million dollars.

Get the point.....?

Bear markets have a nasty habit of bringing 'momo' stocks like this back in touch with the fundamentals. I wouldn't even THINK about touching this until it reaches it's (68/share) IPO price. If the market is still in a downtrend (likely), it'll smash through that quickly.

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

SnailWalker
2022-12-30
SnailWalker
[Bless] [Bless]
CYberviRus
2022-12-30
CYberviRus
Thank you
CharWF
2022-12-30
CharWF
ok
Sinned
2022-12-30
Sinned
Ok
TKe
2022-12-30
TKe
Ok
cactuspot
2022-12-30
cactuspot
👍

Leave a comment

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I wouldn't even THINK about touching this until it reaches it's (68/share) IPO price. If the market is still in a downtrend (likely), it'll smash through that quickly.</body></html>","htmlText":"<html><head></head><body>The biggest issue here is the ongoing struggle neophyte investors have with their inability to correlate a company with its stock price.<a href=\"https://ttm.financial/S/ABNB\">$Airbnb, Inc.(ABNB)$</a> &nbsp;\"Airbnb is a great company!\" Uh huh, while I disagree with that for a plethora of reasons, just because you love the concept doesn't make the company worth 52 billion dollars (today's market cap).I love BMW's (own one), doesn't mean one's worth a billion dollars.I love Nike golf clubs (sad they moved out of that business) - doesn't mean a set is worth a million dollars.Get the point.....?Bear markets have a nasty habit of bringing 'momo' stocks like this back in touch with the fundamentals. 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