$Iris Energy (IREN.US)$ it seems that 12 is fairly valued. b...
it seems that 12 is fairly valued. besides the short report incident, the price has been stagnant whilst bitcoin and other miners stocks are on the rise.
what do you think of the short term movement of the stock ?
imo the stock reacts heavily when bitcoin prices goes down while it just remain stagnant or decrease when bitcoin prices are up. so the downside risk seems highly probable
goldman sach news did little to move the stock .. well theres no solid plans in pipeline yet.
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鸿福平安 : In stock market, when they classified a stock price as fairly value is based on their own opinion. Ask yourself, how many stocks in the market are worth buying. Some of the stocks don't even earn money at all yet their share price is > 20. That's why what peoples said, just listen, u need to do your homework before buying. Do u want to buy a company who is strong in financial, no outstanding debt or a company with no cash but hoping for future R&D can bring them revenue, no guarantee.