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Don't give in to FOMO

$Quantum Computing (QUBT.US)$ I seriously cannot emphasize enough how bad of an investment this stock is. Not just in general, but even within the quantum bubble that is currently going on. $Rigetti Computing (RGTI.US)$ and $IonQ Inc (IONQ.US)$ are infinitely better companies, and even they are overvalued beyond comprehension. People are buying these stocks at the price they will be AFTER quantum computing becomes successful. That's IF these companies are the ones who win the race.
It has some of the worst fundamentals I've ever seen on any stock. Anyone who thinks this stock will 2x is delusional. They expect this stock to match the market cap of RGTI when they have 1/30 of the revenue.
The CEO has a higher salary than their entire yearly revenue. Their R&D budget is minuscule. This is not a company focused on growth.
This stock has EVERYTHING going against it. Even trading strategies I don't personally believe in. Every. Single. Metric.
Bad fundamentals, lock-up expired AND 9 million shares trying to get approval to sell(with minimum 3x return at the current price), shady news articles/self hyping, constant mentions from pump and dump YouTube channels, bearish MACD crossover on daily timescale, bearish pennant pattern, huge detachment from 50, 100, 200 EMA, RSI showing it's overbought, not enough short volume to cause a short squeeze(and not enough shortable shares to get it higher).
There are real people who are going to lose a lot of money, and the people pumping it are the ones who are going to take it.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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