@7Trader ok what would you call a stock with a P/E ratio of 500 that is hyped in internet forums like Reddit etc. that led to everyone from Fomo pushing the price so massively after the IPO as with all these meme stocks nonsense? I call Circle a meme stock.
@TechNav But now you've invented the P/E ratio 500 😅 And every stock that is pushed by Reddit and the like doesn't necessarily have to be a meme stock.
Take the IPO of Arm Holdings, for example. The share therefore opened well above the issue price and was driven up like crazy, only to fall sharply again afterwards.
