/biz/ - Business & Finance

>1.75
>1.74
>1.75
>1.74
>1.75
>1.74
>1.75

ENOUGH

>>1912719
>2. The market runs on emotions

T H I S

For example:
>SNAP IPO
>crunch the numbers, there's no way this stock can be worth 2$ let alone 17$
>almost zero revenue

BUT

>skyrockets over 50% at open

Why you ask? Because Kids and teens heard their favorite sexting app was going public and decided to buy it because that'd be a cool and hip position to have like FB and TSLA. No logic behind it's moon mission, just emotion.