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re: VTIQ - speculative play
Posted on 5/20/20 at 11:11 am to deaconjones35
Posted on 5/20/20 at 11:11 am to deaconjones35
quote:
I've been reading up on the merger, etc. I came across this guy who thinks the stock is overvalued right now. He thinks it should be around 10 bucks based on their forecasted 2024 sales. It was pretty interesting if anyone is interested. Discalimer, I'm in at a blended cost of $21.00
I can see that point. However the reason it has grown so much is because of the potential the market sees in a company like this. Like I said early it could be a boom or bust, but if its a boom it can be very lucrative to those who are buying in right now. I suggest putting money that you are willing to lose into this as long-term hold.
2
Posted on 5/20/20 at 11:23 am to CajunTiger78
I agree. I'm just throwing that out there for those that are interested. His point is at this point Tesla valuation is better than VTIQ. I'm in it for the long haul myself, but I don't think I will add any until the merger unless some other news comes out to change my mind. I'm still a noob at researching individual stocks, so I'm still maxing out my retirement fund via work and the rest of this is play money for now.
Posted on 5/20/20 at 11:42 am to CajunTiger78
quote:
I suggest putting money that you are willing to lose into this as long-term hold.
I dont have any of that kind of money
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