TL;DR
A Redditor boasts of massive HIMS gains amidst a speculative frenzy, ignoring historical parallels and fundamental red flags. Will they escape the inevitable burst?
Story
HIMS rockets to the moon—or does it?
One Redditor brags about diamond-handing HIMS stock (Hims & Hers Health, Inc.), flashing a near-$40,000 gain. Other users chime in with backslaps and beer emojis. But beneath the euphoria lurks a chilling question: is this another speculative bubble about to burst?
‣ Diamond-handing: Holding an asset, typically cryptocurrency or stocks, regardless of price fluctuations, often with the hope of substantial future gains.
The image shows a steep price spike, reminiscent of past pump-and-dumps. Users even joke about “dick pills,” hinting at the flimsy fundamentals. This echoes the dot-com bubble, where valuations soared on hype, not earnings. Remember Pets.com’s sock puppet? Cute mascot, bankrupt company.
‣ Pump and dump: A form of market manipulation that involves artificially inflating the price of an owned stock through misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Once the operators of the scheme “dump” their overvalued shares, the price falls and investors lose money.
One commenter wisely advises locking in gains. Another warns against trying to time the market—a classic beginner’s mistake. Like Icarus flying too close to the sun, greed can melt even the strongest portfolios. But amidst the celebrations, few seem to recall the 2008 crash, fueled by similar speculative frenzy.
What’s the HIMS story really? Is it revolutionary telehealth, or just another speculative gamble dressed in a lab coat? Time will tell. But history teaches us one brutal lesson: bubbles always burst. When they do, those left holding the bag rarely escape unscathed.
‣ 2008 crash: The global financial crisis triggered by the collapse of the U.S. housing market and the subsequent failure of several large financial institutions.
Advice
Don’t chase hype. Research fundamentals, understand valuation, and never invest more than you can afford to lose.
Source
https://www.reddit.com/r/wallstreetbets/comments/1iteunu/hims_gains_you_guys_called_me_regarded_for/