Posted 9/12/2021 11:20 (#9216043 - in reply to #9216002) Subject: You think that’s bad... Well... lol
Very interesting comment... you’re 100% spot on
I’m definitely gonna look that up now. Funny story - my friends and I used to be cryoto miners (Dogecoin) back in 2015. But we all stopped, and I cashed out my $36k in 2015.
If I had of kept it, the holdings would be worth $15-20 million today. How’s that for sickening lol
BUT... I do catch some:
(From a post of mine on IV)
I feel the same way
Lots of things I don’t get.... my friend made $500k on GameStop (he was in since $7 and was long calls..). Convinced me to buy some AMC shares (he is part of the WSB crowd) when I asked if there was any others would do similar.
I bought 500 shares in early FEB at $11. I never would have bought a stock like that, but it was my brother’s idea, and less than 10k (w/ cdn exh rate), so I figured at best he’d learn a lesson.
We ended up selling in April at $54.
If he hadn’t had me screaming at him to sell, he might still be in it.... then I proceeded to SHOW him how insane it was for a serial diluting money losing theatre company to be worth ~ 27 billion, but my brother doesn’t have any concept of valuation. If it wasn’t for me there to explain it to him... he might have rolled his $$ into the next bubble or meme stock...or crypto.
But not everyone is a CPA formerly a business valuator like me. There’s MILLIONS more ppl out there in the market like my brother lol
And this is how bubbles form.....
When a reckoning comes to this casino, it’s gonna be BAD