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$Rigetti Computing (RGTI.US)$ 12 1/8 is support. what I sa...
what I said was going to happen is happening
you just don't know how long a market's going to remain irrational.
every one of these quantum stocks are bubble stocks
to go up 10x or more when your revenues are not going up when you have no profits where your market cap is up so dramatically that it is being projected 5 to 6 years into the future levels of valuation and yet you've done nothing as a company.
that is a bubble this is exactly what comes look like and you can go back and read about this and I said this when they were on their way up and then they doubled and tripled.
but it always ends bad and maybe Jensen got pissed yesterday because of what they did to his stock so he said fuck it I'll just make a comment that I know is truthful and let the chips fall where they may so he became the catalyst of this rug pull event.
by him saying quantum is several decades away that validates what I'm saying how are you going to use it how are you going to drive revenues from it it's great that Google has Willow but and compared to a supercomputer trying to solve the same equation it would take that super computer a trillion billion years or whatever the sun won't be around by then it will have supernova. the point is what is the application what is the source of deriving revenue from it because if it can solve all these equations so quickly how many do you actually need because in theory Willow could solve every single problem known to man and then what do you need another quantum computer for okay so you get two as a backup you don't need a thousand you don't need 500 you don't even need a hundred.
and Jensen made a statement yesterday and now we're seeing the rug pull
so getting back to the opening line 12 1/8 is your moving average your 20 day if it breaks at you're probably going to be finding support right around the $7 level could be 6 3/4 but right in that general area
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Trump 2.0 Era: What's the next opportunity in the markets?
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Michael McCarthy CCO
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104079172 : But it's sure been fun!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
10baggerbamm OP 104079172 : look I'm not taking away a lot of money was made smart money cashed out or left profits in if you're playing with the house is chips fuck it roll the dice maybe in 5 or 10 years they trade another thousand percent higher I don't know but I do know a lot of people are getting wiped out right now in this whole basket because they bought the hype fomo they bought off of what these idiot analysts were saying on TV cuz they've been pounding the table the past 2 weeks on quantum every one of these morons on TV these bobbleheads and you know when they're all being a parrot repeating and regurgitating what everybody else said it's too late to the game it's over
104079172 : BTW, given the nature of big hedge fund money pumps and dumps, it's more about where they see opportunities to take money from us retail traders. Chasing RGTI up to $21 is not mainly caused by us traders. That's big money algorithms at play. For that reason, I have a feeling that the quantum computing horse isn't dead yet. In some sense this speculative play almost needed the correction we've just observed. As painful as it has been for quite many people. Sure it was selfish of Jensen Huang. He could have been much more diplomatic as he would have known that he would cause a price crash in the QC industry by his choice of words. I suppose it's just his frustration that his money printing business is just shorted to death on the stock market despite making insane profits quarter after quarter.
I hope you're right about support at 12 1/8. I am thinking even $10 or $11
up up up and up : Retrieved back my cost! Now let my 200% profit ride the wave.
10baggerbamm OP 104079172 : anytime you break moving averages like the 20 day which is your momentum moving average it does not recover on a v line it doesn't recover straight up it takes a while for accumulation to take place if ever at all.
Avialevis : The ces quantum showcase will reveal the truth of whether there’s any materialization or just smoke
10baggerbamm OP Avialevis : I agree with you I mean I know they're all presenting at CES and I'm sure these companies have spared no expense to getting the best sales people front and center to do their tap dance and talk about the future and the evolution that's taking place in quantum and the features the advantages and the benefits of their company relative to everybody else sales 101.
I just don't think they're going to be able to talk themselves back to what Jensen mentioned yesterday I think those are going to be real questions that are going to be asked when will you generate a profit what is the value proposition of your company to any customer why would they use you and when how are you going to drive revenue from what you're investing now what is the long-term potential how many quantum computers are really needed to solve problems if they're so fast then we only need a couple right..
you can go back and insert the commas where needed I think you get the idea I think that's going to be the questions that people are going to be asking now as a result of what Jensen said yesterday
104079172 10baggerbamm OP : Fully concur