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Benjamin Davies commented on idea #3961.
#3961·Benjamin DaviesOP, about 13 hours agoThe market often makes silly mistakes:
In 2021, Elon Musk tweeted "Use Signal" (referring to the private messaging app). Investors rushed into Signal Advance, an obscure medical device company, causing its stock to surge from around $0.60 to over $70 in days. The messaging app isn't even a public company.
Markets are made up of fallible people and are often wrong, sometimes wildly wrong about what an asset is worth. A good investment often involves reading the situation better than other market participants and going against the tide.