Meme stocks are back again
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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Looking into other EV company at least most of them have some intellectual property value and most of them still can not survive
When everyone says it's safe to buy, sell it FAST. It's a complete disaster.
Oh no definitely not buy any meme stocks!!!!!
Looking into other EV company at least most of them have some intellectual property value and most of them still can not survive