• Ephera@lemmy.ml
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    2 days ago

    I mean, stock price rarely correlates with actual need and more with just hype. If you expect many people to buy a given stock, it makes sense for you to buy before them. If you expect many people to sell a given stock, it makes sense for you to sell before them. The actual need kind of just provides a baseline, i.e. even if the hype dies off completely, it’ll still make some profit and pay out some fraction from that to anyone who’s willing to park their money there.