Hot stock tips

Rain City said:
I'm selling everything as it comes even close to par, and throwing it on my variable mortgage hell hole. VSBY being my biggest loss to date with no recovery in sight. Scam central.
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At least you got out of CBDT. I rode that garbage to the bottom. Life changing gain to a life changing loss. FML.
 
Brian Reiber said:
At least you got out of CBDT. I rode that garbage to the bottom. Life changing gain to a life changing loss. FML.
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You're right, I did make a few great gains when it was good. And exited at the right time on a couple others. I guess that's how this stuff works, you end up with the last bag in your hand just looking at that one big loss.
 
Rain City said:
You're right, I did make a few great gains when it was good. And exited at the right time on a couple others. I guess that's how this stuff works, you end up with the last bag in your hand just looking at that one big loss.
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True story. For a year I thought about my stupidity daily, now I think about it once or twice a week. The sting goes away eventually.
 
Brian Reiber said:
True story. For a year I thought about my stupidity daily, now I think about it once or twice a week. The sting goes away eventually.
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I'm just grafeul that my wife was on board with all of it at the time. I can't imagine the amount of people that made similar mistakes without their parters knowledge. I'm also a degenerate gambler, I've realized. So I have no business dealing with that kind of money, unsupervised. I see the value in money managers now!
 
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Brian Reiber said:
At least you got out of CBDT. I rode that garbage to the bottom. Life changing gain to a life changing loss. FML.
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To be honest the losses I've taken do not hurt as much as the misses I’ve taken.

The wife and I took a couple bad losses over the years to the tune of a little over $40,000. I can accept those, the one I can’t get over is the miss. A couple years back when energy stocks tanked there were some incredible buys out there. One comes to mind, Crew Energy. I did work for them a few years back and know their assets well, help build some of them. Solid company with good management that just got caught in the sell off. Their stock went from a solid $3.00 to $0.15. At the time things were iffy for sure but all in the industry knew darn well it was just a short thing. But I passed. We had $80,000 at the time that we were sitting on ready to apply someplace. But the wife was pretty gun shy after our losses previously and that’s understandable. Couple years later and they regularly have been trading at over $6.50. Not a day goes by I don’t think about that miss. Could have set a guy up for life.

But it is what it is, probably never get a chance like that again.
 
Meme frenzy back in action. It's fun to watch I guess. My dumbass is still down 97% on AMC after going in and out a few dozen times lol
 
Rain City said:
Meme frenzy back in action. It's fun to watch I guess. My dumbass is still down 97% on AMC after going in and out a few dozen times lol
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Like I said before GME buy and hold it 4:1 split and we are going to moon again. Y'all can doubt me but I'm up 64% today alone! Also pepe soared today
 
Corey_lax said:
The GME stuff today just makes me think about how big of a joke the stock market is. One guy posts on Reddit and the whole thing goes crazy. But I’m just a dummy that likes to work hard for my money
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hey fifty bucks here and there instead of case beer goes along way. its all a gamble but you only lose if you sell low
 
N2013 said:
To put it bluntly, these stocks are for suckers. Look at these stocks long term, look what happens when FOMO kicks in. Terrifying.
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Well I bought low sold high made good profit, then bought low again and will hold again. I've profited 3x now on this so I guess I'm sucka.
Stocks are huge risk but play with the ebb and flow and you can do okay. Plus gme is shorted so much this will happen again. AMC is for suckers
 
It's super easy to buy stonks, hodl forever and hard af to sell em haha. I have given up on the Canadian markets completely other than the banks and my dollarama covid play , they've had their way with me and am fine to pay DS guy the vig to manage the "legit" holdings going forward.
 
ab1752 said:
It's super easy to buy stonks, hodl forever and hard af to sell em haha. I have given up on the Canadian markets completely other than the banks and my dollarama covid play , they've had their way with me and am fine to pay DS guy the vig to manage the "legit" holdings going forward.
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100%
 
Corey_lax said:
The GME stuff today just makes me think about how big of a joke the stock market is. One guy posts on Reddit and the whole thing goes crazy. But I’m just a dummy that likes to work hard for my money
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Probably has nothing to do with the guy posting, and more to do with a bunch of basket swaps, options, and other derivatives that need to be rolled over. Pretty sure Bill Hwang got blown up from his meme basket swaps, and the counterparty, Credit Suisse was left holding those bags. We all know what happened there. Maybe the cat guy knows something here and is setting up the people who are blaming his cryptic memes for millions of shares in off-hours volume on retail. Anyway, I made money both times and currently don’t have a position. Might gamble (this is gambling, don’t lie to yourself) again if the price dips. I expect there will be more volatility for the next couple of weeks.
 
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