$Innovative Eyewear (LUCY.US)$ Bagholders in here. lots of t...
$Innovative Eyewear(LUCY.US$ Bagholders in here. lots of them. Stop listening to the cheerleaders. This stock is still too expensive at .40 cents and loss making.
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wwwarrior : That's a strategy problem, not the stocks problem . This has been one of my favorite stocks the last couple of months. Plenty of good gains to be made. Now, if folks buy in and then hold with no expectation of pullback, and all their gains keep getting erased, that's just inexperience mixed with misplaced optimism.
Bit this stock has been great for day and swing trades, and in my opinion, it will be a good long term
Darius Matthews OP wwwarrior : Yea, it may be a good long term investment. We don’t know that yet. And because we don’t, it’s best to manage risks well. Best way I know to do that is don’t overpay. This stock seems overvalued even at this price point since its price to sales ratio is almost 2x the industry average and it’s not even profitable yet. Profitability isn’t to be expected for new companies, but such a high price to sales ratio for a company that’s not proven itself yet is risky. Why buy a 50k car for 75k? Who’d do that but a fool? All I’m saying. But People see value differently I suppose.