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Thread on Reddit - Dude inherits 2.5 Mil. Loses all of it except $300k.

Posted on 1/28/17 at 8:22 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
37733 posts
Posted on 1/28/17 at 8:22 pm
Takes the 300k and shorts apple (earnings released on Tuesday).

Is going to live stream himself during the earnings call.

LINK

LINK


I could not imagine pissing away 2.5 million.
This post was edited on 1/29/17 at 5:11 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
37733 posts
Posted on 1/28/17 at 8:26 pm to
quote:

I began my career with Apple, I’m ending it with Apple. No matter what happens, this is going to be my final Yolo. I’m sorry, I wish I could continue, but I’m tired of trading. It's morally and emotionally exhausted and over the last two years, it's really taken a huge toll of my health, both mental and physical. Some of you might have noticed the (subtle) changes in my personality and demeanors. It is time for me to stop making a fool out of myself and stop suffering. I am tired of perpetually losing money. That Google trade was the last straw. Even though I called the earnings perfectly, I still somehow lost money. The stock market is rigged and I am done with it.



I can't get over this story. Man what an idiot.
Posted by StealthCalais11
Lurker since 2007
Member since Aug 2011
12452 posts
Posted on 1/28/17 at 8:37 pm to
Holy shite. Talk about "Go big or go home". Stock experts, what's y'all's thoughts?
Posted by TheWalrus
Member since Dec 2012
40741 posts
Posted on 1/28/17 at 8:48 pm to
He's bitching about losing money in poker because of horrible hands and bad beats. Bad beats I get, but I've never seen anyone with an ounce of intelligence blame long term poker losses on "bad hands." What a moron.
This post was edited on 1/28/17 at 8:49 pm
Posted by birdieman
New Orleans
Member since Dec 2012
1647 posts
Posted on 1/28/17 at 8:52 pm to
Whoa! Huge balls on that guy.
Posted by Jon Ham
Member since Jun 2011
28606 posts
Posted on 1/28/17 at 8:57 pm to
Watching others gamble on stocks is fun. This guy is nothing short of an idiot, even if his Apple play pays off. Looking forward to following this on Monday.
Posted by boatless2
Member since Mar 2015
612 posts
Posted on 1/28/17 at 9:02 pm to
so wait, when is he going to live stream it?
Posted by RabidTiger
Member since Nov 2009
3127 posts
Posted on 1/28/17 at 9:10 pm to
What a dumbass. I would've parked the 2.5 in dividend stocks and moved to Hawaii.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66467 posts
Posted on 1/28/17 at 10:56 pm to
looking forward to his pre-suicide post next
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73014 posts
Posted on 1/28/17 at 11:24 pm to
quote:

What a dumbass. I would've parked the 2.5 in dividend stocks and moved to Hawaii.




yep. cash flowing real estate, dividend paying stocks and a cash flow business, dude is a moron cubed.
Posted by TimeOutdoors
AK
Member since Sep 2014
12123 posts
Posted on 1/29/17 at 8:25 am to
quote:

Whoa! Huge balls on that guy.


More like.. Tiny brains on that guy.
Posted by midwaytiger
Thibodaux
Member since Jan 2016
41 posts
Posted on 1/29/17 at 8:55 am to
His problem is he uses yolo what adult uses that
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 1/29/17 at 9:22 am to
Peter Thiel hints the age of Apple is over.
Posted by LSUAlum2001
Stavro Mueller Beta
Member since Aug 2003
47138 posts
Posted on 1/29/17 at 9:52 am to
Dude sounds like a greedy moron.
Posted by Jon Ham
Member since Jun 2011
28606 posts
Posted on 1/29/17 at 10:16 am to
AAPL:

P/E: 14.71
Forward P/E: 13.59
PEG: 0.78


The above tells me even if earnings don't meet expectations, there just isn't much room to drop. I have never looked into AAPL as I thought it was surely to be overbought, but it looks like a great investment.
Posted by TrebleHook
Member since Jun 2016
1356 posts
Posted on 1/29/17 at 10:41 am to
just ordered a Mac Pro with all the bells and whistles and 2 27" 5k screens just so i can see this guy khs
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4428 posts
Posted on 1/29/17 at 3:35 pm to
quote:

Holy shite. Talk about "Go big or go home". Stock experts, what's y'all's thoughts?


Guy's got a gambling problem.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
49033 posts
Posted on 1/29/17 at 3:38 pm to
quote:

Whoa! Huge balls on that guy.


Not how I would phrase it
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4428 posts
Posted on 1/29/17 at 3:45 pm to
quote:

Dude sounds like a greedy moron.


Not so much greedy as somebody who likes the action a little too much. (well, no, I lie -- he likes the action WAY too much).
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 1/29/17 at 3:47 pm to
Apple's earnings come out Tuesday evening , right? So the fun begins after that?
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