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Comment by paulpauper

I have never seen anything like this. How does a $40 billion company go up 50% on earnings? I can understand a $400 million company doing that, but $40 billion? It's as if everyone got it wrong. Imagine buying calls today for pennies and selling for dollars tomorrow. Maybe I can try to backtest a system that does this, but you would have a lot of misses. But all you need are a few winners. This is how people on Reddit's wallstreetbets make so much money. They are doing just that. Between snapchat, amazon, and Facebook, multi-billion dollar stocks have more volatility than penny stocks.
parent paulpauper 4 years ago

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