Buying the RGTI Dip? Stop. Think.
Posted: Jan 08, 2025
- RGTI stock price dropped 50% due to a comment about quantum computing from a tech CEO
- Market cap decreased significantly overnight
- Previous price was likely inflated due to factors other than financials or fundamentals
- Warning against buying back in without a solid strategy
- Advising to be realistic before making a decision on RGTI stocks
What do people on Reddit think?
🚨 Reddit sentiment: negative - The majority of comments express skepticism and highlight losses or potential risks, reflecting a bearish view on $RGTI's prospects. Summarized comments: - Management considers $2 a share as fair value for RGTI following an offering in November - Many investors feel the stock is driven by hype and memes similar to other companies pumped by WSB - Some believe another market player like Google will take over before RGTI becomes revenue-generating - There's skepticism due to speculative investments above $5 being risky - A few investors have set specific price targets for re-entry, such as below $5 or specifically $2.88 - General sentiment is that early enthusiasm for RGTI was unfounded, leading to burnouts Stock tickers discussed: $RGTI, RGTI, Rigetti, $IONQ
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