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Don’t Put Your Life Savings Into This One
But if you’re minded to swing for the fences with a small allocation of capital, consider buying $IONQ at this point, with the aim of selling to pocket a short-term gain rather than a hero’s ten-bagger or whatever.
IonQ is a quantum computing hardware business. Its revenues can be measured using appropriately tiny pieces of superstring. They sure don’t make any impression on an actual spreadsheet. The company is likely to prove out to be a major force in quantum if the business case for this new paradigm in computing is proven, but we aren’t there yet.
In the absence of fundamentals, the only thing the stock has to trade on is sentiment, which means it lends itself well to the use of emotometrics aka. Elliott Wave and Fibonacci tools. In staff personal accounts and in our Growth Investor Pro service we made great percentage returns on small money on this one in its run up to that peak you see on the chart. And based on the extension of the peak, we called Sell at more or less the right time. And sold. And we have not looked back. But the chart just got interesting on the long side.