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New issue, SAAS play, specializing in AI and machine learning. Hard to see how I can possibly lose here. This being the last trading day of the week, I suspect more nothing and probably a terrible tape. You really need to be tough to trade stocks — sturdy and insane.
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This stupid PINS thing is killing my NOK! Die Pinterest.
“Hard to see how I can possibly lose here”
Easy: the stock may be overpriced. *If* this is the case, it will likely stay in a bullish trend (because most investors think like you) until a “surprise” earnings/forecast miss which will lead to cascading sellign adn a stock crash as price discovery works its magic.
Stocks are mostly priced on how investors *feel* about the company. This creates opportunities, but it may take a while before the opportunities come to fruition.
The stock market can stay irrational longer than a (bearish) investors can stay solvent.
STFU
Unlike JMIA (way overpriced), I didn’t say that SAAS was a bad call, and I’m still not contending that it is.
However, your reason for purchasing it is simplistic. You KNOW this.
Just becuase something is a good product/asset/company/service, etc., doesn’t mean that you should ignore the cost.