Let's be really clear about what this is. Whether intentional or not, this is a pump'n'dump.
This stock, in no way, deserves to be valued so high. Gamestop in the punchline on many a joke, and none are as bad as their own bottom line. If you caught the wave - good for you! - but like all waves this will eventually crash back to earth.
This stock, in no way, deserves to be valued so high. Gamestop in the punchline on many a joke, and none are as bad as their own bottom line. If you caught the wave - good for you! - but like all waves this will eventually crash back to earth.
Note
Annual Revenue: $6.5B
Market Value: $24.2B
MV/AR: 3.73x
If you have spare cash and want some meme cred, go for it. But this will end badly for a lot of people.
Note
There are retail investors who are 60% underwater today because of the irresponsible actions of meme lords.
Note
The audacity of people to say this wasn't a pump'n'dump.
And yes, RH did some shady stuff that needs to be investigated - but that is not justification for what is happening now. This is, and always was, going to play out like this. The only question now is that of intent...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.