Ryde's Rapid Descent 📉

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Ryde's Rapid Descent 📉

hawshy
09-13

$Ryde Group(RYDE)$ a local Singapore ride-hailing company, just took a nosedive. Here's the breakdown:

Stock price crashed 90% from $22 peak on Wednesday
Showing signs of a potential 'pump and dump' scheme
Was trading at an alarming 250x revenue
Company is still loss-making despite high valuation

Key takeaways:

Extreme overvaluation: 250x revenue is unsustainable in any market.
No profits = major red flag 🚩
Rapid rise and fall pattern raises manipulation concerns.

Investor lessons:

Don't fall for hype. Due diligence is crucial! If it seems too good to be true, it probably is.

Fundamentals matter: Revenue and profit should align with valuation.

Remember: In volatile markets, thorough research is your best protection. Stay vigilant! 💪

# 💰 Stocks to watch today?(28 Oct)

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GimaGO
·09-13
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Question is who is manipulating this share ? Can’t imagine a smaller company share price can trade higher than its competitor Grab.
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- hawshy:
  The total market cap is much smaller than grab and easier to manipulate.
  09-13
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GimaGO
·09-13
Great article, would you like to share it?
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Here's the breakdown:\n<ul>\n <li>Stock price crashed 90% from $22 peak on Wednesday</li>\n <li>Showing signs of a potential 'pump and dump' scheme</li>\n <li>Was trading at an alarming 250x revenue</li>\n <li>Company is still loss-making despite high valuation</li>\n</ul>\nKey takeaways:\n<ul>\n <li>Extreme overvaluation: 250x revenue is unsustainable in any market.</li>\n <li>No profits = major red flag 🚩</li>\n <li>Rapid rise and fall pattern raises manipulation concerns.</li>\n</ul>\nInvestor lessons:\nDon't fall for hype. Due diligence is crucial! If it seems too good to be true, it probably is. \nFundamentals matter: Revenue and profit should align with valuation.\nRemember: In volatile markets, thorough research is your best protection. Stay vigilant! 💪\n\n<img src=\"https://community-static.tradeup.com/news/330437cb8be4537b8ccdb032e5400696\" tg-width=\"1400\" tg-height=\"350\">\n</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/RYDE\">$Ryde Group(RYDE)$</a> a local Singapore ride-hailing company, just took a nosedive. Here's the breakdown:\n<ul>\n <li>Stock price crashed 90% from $22 peak on Wednesday</li>\n <li>Showing signs of a potential 'pump and dump' scheme</li>\n <li>Was trading at an alarming 250x revenue</li>\n <li>Company is still loss-making despite high valuation</li>\n</ul>\nKey takeaways:\n<ul>\n <li>Extreme overvaluation: 250x revenue is unsustainable in any market.</li>\n <li>No profits = major red flag 🚩</li>\n <li>Rapid rise and fall pattern raises manipulation concerns.</li>\n</ul>\nInvestor lessons:\nDon't fall for hype. Due diligence is crucial! If it seems too good to be true, it probably is. \nFundamentals matter: Revenue and profit should align with valuation.\nRemember: In volatile markets, thorough research is your best protection. Stay vigilant! 💪\n\n<img src=\"https://community-static.tradeup.com/news/330437cb8be4537b8ccdb032e5400696\" tg-width=\"1400\" tg-height=\"350\">\n</body></html>","text":"$Ryde Group(RYDE)$ a local Singapore ride-hailing company, just took a nosedive. Here's the breakdown: Stock price crashed 90% from $22 peak on Wednesday Showing signs of a potential 'pump and dump' scheme Was trading at an alarming 250x revenue Company is still loss-making despite high valuation Key takeaways: Extreme overvaluation: 250x revenue is unsustainable in any market. No profits = major red flag 🚩 Rapid rise and fall pattern raises manipulation concerns. Investor lessons: Don't fall for hype. Due diligence is crucial! If it seems too good to be true, it probably is. 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