Wednesday, August 10, 2022

Epic burst of the the mother of all bubbles

This is the epic burst of the probably the biggest bubble that was blown up within days: 
About a week ago, a highly questionable Hong Kong-based, Cayman Islands-incorporated company called AMTD Digital (HKD), a garbage tech stock had been halted 18 times.  The stock was trading 236 times above its $7.80 initial public offering price in just the 13 trading days since it went public. But the burst of the bubble is nothing less spectacula. Within days, it has lost 90% of the gain at the time of this writing.  

I don't think this kind of epic bubbles could be seen at the real bottom of a market!


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