Allow me to introduce a company which you’ve probably never encountered before: Quantum-SI, whose ticker is QSI. As you can see, for many years, it was a complete piece of crap. It did nothing but go down.
Starting just weeks ago, however, for the first time in its history, it went CRAZY. The volume went from almost nothing to hundreds of millions of shares per day. The stock went up hundreds of percent almost instantly.
Why, might you ask? Did they cure cancer? Find a way to create gold out of water? Nope.
Here’s what they achieved: they have the word QUANTUM in their name. That’s it. I’m serious.
In case you’ve been hiding under a rock, the latest ridiculous fad is quantum computing. Over the years, we’ve had 3-D printing, DNA editing, cryptocurrencies, and all other manner of lunacy. Now it’s Quantum Computing.
Fine, fine, Tim, but maybe quantum computing is going to, ya know, change the world and all. Well, whatever. There’s a problem with that, though. Quantum SI doesn’t have DICK to do with quantum computers. One insightful comment I read about this organization was as follows:
Quantum-Si, a company that makes half-baked protein sequencers that only detect 7 out of 20 amino acids, that never has cracked over 800 thousand in quarterly sales in its history, that has nothing to do with quantum computing, is up 200% in the past 5 trading days.
Companies that actually DO have something to do with quantum computing are also up hundreds of percent on massive volume.
This is all going to end in tears, as usual, except for the tiny handful of brave bears who are still able to distinguish reality from clinical insanity. But, seriously, even in this stupid market, this is beyond stupid.
