Newsmax Stock EXPLODES, Mirage or Must Buy??

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Is Newsmax stock some sort of bloody April Fool’s joke? Yeah, this is insane. Absolutely makes no sense. Again, this is the casino aspect of the overall stock market. You know, right now, I think that’s, I don’t know, $120 something dollars a share. It was as high as 193 today.

was as high as $193 a share. I don’t know where it closed yesterday. It was in the 90s, something parabolic. Basically putting the valuation of Newsmax is greater than the New York Times. Now, let’s say that the New York Times has got this wonderful business model. They have their issues too, but it’s the New York Times.

Ask me how much Newsmax has ever made. Have they ever run a profit? No, no, they haven’t. They lost tens of millions of dollars last year. And again, full disclosure, I’ve appeared on many occasions on their network and they still have some radio shows that I do guest appearances on. This is, again, this type of price movement.

in stock. Again, it’s given me deja vu all over again, as Yogi Berra would say. This is taking me back. It’s taken me back to the mid 1990s when you had boiler room operator after boiler room operator after boiler room operator moving stocks in parabolic directions. I remember there was this one boiler room operation. It was called Kensington Wells. think they were based out of old Brookville.

on Long Island. I think it was one of the largest arbitration awards against a firm ever at one point in time. They drove one stock. I can’t even remember the name of the thing. It went through the bloody roof. I think you had Dan Dorfman from CNBC at a 12 o’clock show talking about the stock. Again, it was the Fugazi.

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it wasn’t real. Now I’m not saying that Newsmax isn’t real. Of course it’s real. It’s been around for a decade now and I remember when it was just a newspaper, then an online publication started their network and then they’ve got some other things going on. That’s all well and good. But if you think

you think that the company’s worth what it’s trading at today is same. Well, there’s something wrong with your medulla oblongata. You’re not going to do too well in the financial markets. Watchdog on wallstreet.com.