I’m late to this thread, but what do you think happened? Sure, some innocent people are getting hurt trying to get in on it. But it’s my understanding that most don’t even care about making money. They are doing this primarily to fuck with Wall Street. I for one, think it’s a GENIUS idea and hope it continues with other stocks
I’m in on LMFA. Lol at only 8 employes.
1 Like
Well it won’t go to zero(in the next couple of days) so probably not.
I put hte full $500 into it lol. So as I understand it, it has gone up 100 percent today already. So basically my most likely outcome is that I just lost $250, with the possibility that I’m about to become a millionaire?
Plus, the “retail” investors include a ton of people that have outsized influence in the halls of power themselves, like attorneys. This fight is going to be wild.
I know I’ve been posting some pretty shitty, uninformed takes. But I just looked at my podcast queue and… Let’s just say that I’m about to learn A LOT about the intricacies of the GameStop situation. Right after I learn about the best Beal trades.
2 Likes
Wtf? It has been a solid 4 minutes since I invested in LMF and nothing has happenned. I was promised action! This shit is slower than craps.
3 Likes
It is a SPAC so it will depend what company they aquire/merge with. It won’t go to 0 anytime soon they just got done raising money and are about to have the ticker symbol LMAO. Doesn’t get anymore bullish than that right now.
1 Like
It started with someone doing actual analysis realizing GME was way over shorted. People laughed at him for a year. Then more and more people realized he was right.
Yeah most now are jumping in just because of the hype. But the hype was backed by actual data.
The guest he had on was so dumb. People ITT know more than him.
What is a SPAC?
So what I hear you saying is, I should cash out my pension and buy LMAO?
Take out a second mortgage on your parents home imo.
4 Likes
Google it. Basically they raise money with the intention of merging with an existing company.
And yes in this environment a company with the ticker LMAO has a chance to boom. I also think it may be a decent investment as they have at least the 105m in cash on hand and a market cap of only 44m. I’m no finance expert but that doesn’t make sense to me.
Wait are we on LMAO or LMFA?
As I understand it we are on LMFA, which is soon going to become LMAO? Right?
1 Like
LMAO is what LMFA is going to be listed as on nasdaq shortly.
Do we know the timeframe? Because I give this current environment like another week tops before this shit collapses everywhere.
Hmm LMAO seems to already exist although I don’t see it on RH.
Does this mean our LMFA is not automatically converting to LMAO?
1 Like