by beyondmeatdick
The major issue here is chasing. The internet is full of pumpers and dumpers. If you haven’t taken a position in a ticker before a run (by dint of careful information digging and due diligence) it is almost not worth investing in a stock that is running up like crazy.
You might get lucky and see your money swell, but the more it gets into overbought territory the bigger the chances profit takers take money off the table
Other things to consider are that a company like genius with no healthy revenue – their only way of funding themselves is via dilution – secondary offerings, warrants, shelf offerings, Gypsy swaps – full of tricks to arrive at the same outcome – depreciate shareholder value.
This has bitcoin written all over it. 20 people make a ton of money, 200 people caught a falling knife. Don’t buy a stock because someone pumped it – at least pull up the financials and pretend to read it or go to fintel site and look up things like filings, insiders, institutional ownership etc
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.