11-05-2021, 01:57 PM
The new vax companies will have a nice cash stash assured next year as the rest of the world gets vaxxed. They hscd good tech and maybe they are the next major pharma player in five years. You just can't pay for potential 2026 revenues like it's a sure thing today. The valuations were stupid and the novice didn't know any better.
The SPACs annoy me more. Most of them had no other purpose than to enrich early investors. They need to excel for years to make today's price work. They can still run if the market stays bubbly. Mostly they get bought up because they crashed 50% so they must be a good deal now. Maybe so until the market gets critical when they dilute again in a bearish market. A few will excel and most will trade for three bucks in a few years
The SPACs annoy me more. Most of them had no other purpose than to enrich early investors. They need to excel for years to make today's price work. They can still run if the market stays bubbly. Mostly they get bought up because they crashed 50% so they must be a good deal now. Maybe so until the market gets critical when they dilute again in a bearish market. A few will excel and most will trade for three bucks in a few years