Holy fuck CCIV just drilled $5 and was halted
Maybe the merger was a lie?
makes sense, people were riding up hoping to catch merger spike, there’s no spike soon they gonna be out
Damn dude, it sounds like your friend has a gambling problem. Not only should he cut his losses, he should maybe seek help.
I feel like a lot of people don’t even realize that playing stocks is gambling. My retired father-in-law has most of his life savings in Tesla stonk, as of a couple months ago (so after it already shot to the moon). He had to work very hard for very long for that money, and his body is pretty wrecked by it, so I would hate to see him lose it all overnight. But he’s a true Elon cultist and good luck convincing him to downsize his position. He never otherwise gambled in his life, and he already has enough money to have a chill remainder of his life, yet here he is gambling like there’s no tomorrow. What exactly is the thought process, that nothing bad can happen as long as it’s not against a casino?
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Did you get a chance to yell at him not to buy? Or did you and he didn’t listen?
He has a severe gambling problem but I have long since given up trying to tell him to do anything about it. We aren’t super close friends at this point partially because about 6-7 years ago I did tell him if he kept up gambling every cent he had it wouldn’t end well.
I also think it sounds insincere coming from me. I gamble on everything. Poker, sports, politics, stonks, crypto. The difference is I don’t gamble the rent money. For him that distinction is probably impossible to get to. It’s like drinking with me. I can either drink 0 or 10 drinks not 2. Some people are just fine with a couple drinks a night but that isn’t me nor will it ever be. Gambling is like that for him probably. All or nothing.
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I told him not to buy and that the stock would trade at $5 at some point in 2021. He didn’t listen.
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lol so i think CCIV megadrilled due to that tweet, but then this was the followup:
https://mobile.twitter.com/DeItaone/status/1356998008186019842
So nothing to dol with Lucid
Man, Redditors would have laughed at 21-year old me. I received an inheritance from a distant relative (nothing life changing, but a nice chunk of change for a college kid) and I put most of it in mutual funds. Did some stock, some hit, some miss. I didn’t even think about getting risky with it.
My best mutual fund play was Vanguard Health Card Fund. I put $3,000 in and now it’s up to $43,500. Of course, I really should pull out some gains, as I’m way overloaded in a sector fund.
If I was a Redditor, I probably would’ve lost it all on GME.
By far my worst play ever was buying AOL near its peak - lost a couple thousand or something. In my MBA program, I did a project valuing the company and valued it as a buy (note: I was NOT a finance major). So later, I thought I was so clever and was going to cash in on my great research. Oops.
Really, my best investment decision was not fucking around with ARMs or stupid shit when my wife and I bought our house in 2005. We just went boring, 30-year fixed. Then we refinanced a number of years ago, shaved 8 years off our mortgage and saved $100,000.
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If you were a redditor you might have got in on GME early. I think a ton of them also cashed out near the top, they just aren’t posting win porn because selling would get you crucified because the general sentiment is to take it to the hedge funds but make no mistake a good chunk of them sold and made a ton of money.
So if you were a redditor, you would have been on of the smarter ones obv, and you’d have ~20 million
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I kinda hope that there is some deeper method to this madness. Like if you concatenate all the tickers of the meme stocks and if you align them in the correct sequence, then it ends up being a link to a Rick Roll video.
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hopefully SEC checks that dudes CCIV holdings
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Does anyone have an updated list of short interest? Would be interesting to compare to where we were a week or so ago.
On the other hand, I’ve always been really risk averse. I didn’t even drink in college, aside from the occassional social drink.
Actually, thinking about it, my ABSOLUTE worst investment decision was not buying Bitcoin early. I was writing an article about a poker room dabbling in Bitcoin - this was before people knew about this stuff. I thought it sounded interesting, so I told my wife I was thinking of putting $1,000 in Bitcoin (first mistake). I had lost money on an online gambling stock before, so my wife was all like, “Oh no, you’re not doing THAT again.”
I think Bitcoin was at like 10 cents or some shit. I try not to think about it.
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he just tweets bloomberg terminal headlines
Same dude, some dude on an internet poker forum I post on was begging everyone to buy it when it was that low too. I thought it sounded dumb honestly.
On the other hand people us like would have absolutely sold WAY before it went to the moon. It was years of ups and downs before it went to the moon. We would probably have been even more pissed if we had bought at .10/bitcoin and sold when it hit $10/bitcoin even though we would have made a big chunk of money.
Yeah, I remember it peaked at like $20,000 a few Christmases ago or thereabouts before tanking for a while. I’m sure I would’ve gotten out before then, but I’d still be fucking rich.
You think you would have held that long? Years and years of constant ups and downs? Like HUGE swings regularly lol. I would have gotten out way before it rocketed, you really, really had to believe in bitcoin to ride that out.
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