https://en.wikipedia.org/wiki/Tulip_mania it started here......
Rare Beanie Babies there's a good joke. By the bucket and bin full at resale shops 50c but they still list on the value guide for $4-5 people paid more for the little cases and have closets full of the dam things.
Grannies buy these stocks, because they hear it's hot. Enron, Worldcom, Tyco and others. Then they collapse and little grannie gets screwed, but they don't need the money. SSTK investors don't have any idea that the PE is way out of line or the profits from sales are down 60% from a few years ago. Sales went up 200% profits barely make a gain.
At best SSTK is a $30 stock. That's tops and high for real value.