Jun. 9 at 12:18 PM
$IONZ
Quantum computing remains an emerging industry with significant technical and commercialization risks.
I am not against quantum computing. Buying
$IONZ isn't necessarily a bet against quantum computing; it's a bet that the market may be overestimating how quickly leaders in the space can translate innovation into earnings.
For me it’s a timing thing, and I see a problem when multiple years of phantom earnings is factored on a stock price. For me this is a stock that is due for a correction and for me is easier to buy
$IONZ directly rather than selling
$IONQ shares that I don’t own.
Not all players in the quantum space are equal and one hand in my opinion you have the heavyweights like
$IBM and the wannabes like
$IONQ. I hope the word “wannabes” is not too strong and for those accustomed to a different vocabulary let me use “paper tiger stock”.
In my view,
$IONZ provides means for me to reflect a bearish outlook on
$IONQ.
