/biz/ - Business & Finance

>>21202489
yeh, case in point, WEED which is still somehow worth 8 billion in market cap by the sheer number of bagholders who bandwagoned into speculation not understanding canopy is just a shitty agriculture penny stock.

future prospects are what matters, opposite is true, no one gives a shit about earnings even if they are presently good if no one expects them to maintain that in the foreseeable future. That's why you don't see Nintendo stock go +100% this quarter. That's why you still see Intel go -20% despite good earnings. That's why AMD kept mooning despite missing every single earnings estimate for several years until this quarter.

this is why picking based on fundamentals still works in a clown market.