Hertz, the original meme stock, is turning out to be worthless
1–10 of 326 posts
Re: Hertz, the original meme stock, is turning out to be worthless
#2I think TSLA and AMD were the original meme stocks.
Re: Hertz, the original meme stock, is turning out to be worthless
#3Obviously?
The company was bankrupt.
People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.
Re: Hertz, the original meme stock, is turning out to be worthless
#4I think TSLA and AMD were the original meme stocks.
With TSLA and AMD, people at least had a thesis. One may argue those were wild equity stories, but at least they existed.
Hertz is a dying company in a dying industry and while I admit I don't follow it closely, I have not seen anyone come up with a defensible story for why one should own that stock.
Re: Hertz, the original meme stock, is turning out to be worthless
#5I think TSLA and AMD were the original meme stocks.
Those at least had a growth story.
HRTZ and GME are pure plays on the other hand.
Re: Hertz, the original meme stock, is turning out to be worthless
#6Obviously? The company was bankrupt. People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.
GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don't belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it'd be silly to not take a piece of the pie yourself and keep your savings in cash...
Re: Hertz, the original meme stock, is turning out to be worthless
#7I think TSLA and AMD were the original meme stocks.
AMD isn't a meme stock - I knew it was going to be a safe bet when it was at 5, but didn't have money to do anything with it.
It is guaranteed to exist, as it is the only x86 competitor to Intel, and IIRC their x86 license is non-transferable.
It is nvidia's only main competitor.
It does its job pretty well.
Is it a blue chip in terms of stability? Clearly it is a bit more volatile. But it isn't dying anytime soon.
Re: Hertz, the original meme stock, is turning out to be worthless
#8Obviously? The company was bankrupt. People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.
[deleted]
Re: Hertz, the original meme stock, is turning out to be worthless
#9Obviously? The company was bankrupt. People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.
GME is not bankrupt yet (it is indeed overpriced and comparable to HRTZ), but TSLA and BTC? They don't belong to the same categories. TSLA and BTC will see a lot of gains to come. Eventually without a definite date what goes up comes down but it'd be silly to not take a piece of the pie yourself and keep your savings in cash...
BTC is not a stock so I really don't follow why people keep treating it like it has some underlying value
Re: Hertz, the original meme stock, is turning out to be worthless
#10I think TSLA and AMD were the original meme stocks.
The South Sea Company was the original meme stock.