RGTI Rigetti Computing... Quantum sector and Rigetti are prime examples of false positive earnings labeled as growth, but which only deliver further losses and hot air.
Want to buy the stock? If a small squeeze takes place during 2 days... play with it! Don't forget that the principle of those in charge is to try to mislead you, to favour irrationality and to screw up your options.
I did a pretty serious audit yesterday on IONQ, very well-reasoned with only accurate data, and gave IONQ a score of 4/10. It's impossible to seriously invest in this company with all the dilution mechanisms in place. RGTI... I started the audit and stopped, why waste time on this clearly worthless company?
It's actually quite funny to see the parrots repeating in unison that the quantum sector is the future, a bit like nuclear fusion, it's beautiful in theory, but outside the lab, nothing ever happens. Now that some hedge funds are still involved, they'll try to get rid of the dead fish with gorgeous, gilded packaging, promising absolutely insane results in three years. Buy my slippers, they're beautiful, they're the most beautiful on the market. The word "market" takes on a whole new meaning with this sector. RGTI was at $0.50 in 2024. You should have bought it then, today, the valuation is surreal, absurd compared to the revenue equivalent to a pizzeria.
Buy or sell, play the game or not? In the end, those who always win are the ones who take their commissions. The main thing is that there's movement, what's being traded doesn't matter.
Today, Bloomberg said: -- Investor bullishness has become so extreme that it's time to start reducing exposure to risky assets, according to Bank of America Corp. strategists.
"The bank's bull-and-bear reading climbed to its highest level since 2021, rising to 9.7 from 9.4, the team led by Michael Hartnett wrote in a note. They pointed to broadening equity markets, strong inflows into high-yield debt and tighter credit spreads as reasons behind investor optimism. The strategists favor defensive assets, saying they should help protect portfolios against negative surprises in the economy, monetary policy and artificial intelligence."
My view: Quantum could be a target of hedge reducing risks!