- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
How a 20-year-old USC student netted $110m from a Bed Bath & Beyond stock dump at exactly
Posted on 8/18/22 at 7:45 pm
Posted on 8/18/22 at 7:45 pm
LINK
Pretty good article. Must be nice have friends and fam to give you $25m to go play with lol!
quote:
An applied mathematics and economics major at the University of Southern California, Freeman bought more than 5 million shares in Bed Bath & Beyond in July.
quote:
Freeman acquired his shares in Bed Bath & Beyond when the price of the stock was below $5.50 a share with $25 million he raised from friends and family.
quote:
He placed it all on Bed Bath & Beyond and became the second largest non-institutional investor in the company, after Cohen, with a 6.21% passive stake.
quote:
But despite plummeting sales and rising debt, the price of shares in Bed Bath & Beyond still went up fourfold on Tuesday, and less than a month after Freeman bought in, he sold $130 million worth of stock from his TD Ameritrade and Interactive Brokers accounts.
Pretty good article. Must be nice have friends and fam to give you $25m to go play with lol!
This post was edited on 8/19/22 at 7:54 am
20
Posted on 8/18/22 at 7:48 pm to Shepherd88
I could probably get my friends and family to pitch in around a thousand or two.
Posted on 8/18/22 at 7:53 pm to Shepherd88
quote:
share with $25 million he raised from friends and family.
So he doesn't actually need money
Posted on 8/18/22 at 8:37 pm to Shepherd88
Just scrapped up 25 million from friends, family and then convinced them that he would make them 4 times that. Yeah Family isnt hurting on money when you can get that with a good chance they could have lost it all. Family must be related to Pelosi's with daddy having some knowledge working for a hedge fund or something like that.
Posted on 8/18/22 at 9:15 pm to Shepherd88
So the trick to making lots of money, is to start with lots of money?
Posted on 8/18/22 at 9:37 pm to Shepherd88
Odds they write an article when the next trade loses $30m is approximately 0%.
Posted on 8/18/22 at 9:40 pm to Shepherd88
A small loan of $25 million
Posted on 8/18/22 at 11:36 pm to Shepherd88
Papa I would like to purchase a controlling interest in one of the largest home goods stores in the country to kill time while I’m at college
Posted on 8/19/22 at 12:04 am to Shepherd88
quote:
Pretty good article. Must be nice have friends and fam to give you $25m to go play with lol!
Buffet started the same way, in the 1950s 10 or 12 friends, and family gave him $250,000 to invest, around $25 million in today's dollars. Those that stayed invested with him got wealthy.
Posted on 8/19/22 at 12:14 am to Shepherd88
quote:what in the frick
$25 million he raised from friends and family.
Posted on 8/19/22 at 1:25 am to Shepherd88
quote:
with $25 million he raised from friends and family.
This is why I didn't give this news story a second glance when I first saw it. This wasn't a gamestop situation where people bought and held for a year+ to when it exploded and basically went rags to riches.
if you made millions with bed bath and beyond at the dump then you already had millions.
This post was edited on 8/19/22 at 1:25 am
Posted on 8/19/22 at 3:48 am to FLObserver
quote:
Just scrapped up 25 million from friends, family and then convinced them that he would make them 4 times that.
I tell myself the same thing when I hit the casino.
He could have used his mathematics studies in probabilities to rake in more cash in Vegas instead of the Wall Street Casino.
Heck that even sounds like a good idea for casino theme in Vegas. The Wall Street Casino on the strip, instead of sports betting, you can bet on the future price of a stock. You can also minute trade stocks. buy stocks at 7 am with cash and sell before noon and walk out with the cash in hand instead of waiting for a broker to send you a check. In the back of the casino, you can also trade penny stocks.
Posted on 8/19/22 at 4:29 am to EA6B
quote:
Buffet started the same way, in the 1950s 10 or 12 friends, and family gave him $250,000 to invest, around $25 million in today's dollars. Those that stayed invested with him got wealthy.
His Dad was a career politician and Congress Critter. Yes, insider trading was a thing way back then as well.
Posted on 8/19/22 at 6:30 am to Shepherd88
$110MM sounds like a ton until you realize he only quadrupled his money, and most of it wasn’t his
Also if your family and friends have $25MM to give you to chunk into BBBY, then this kind of money is just fun money and not worth an article
The real crazy part of the article is friends and family loaning you $25MM to frick around
TLDR: rich kid gets richer
Also if your family and friends have $25MM to give you to chunk into BBBY, then this kind of money is just fun money and not worth an article
The real crazy part of the article is friends and family loaning you $25MM to frick around
TLDR: rich kid gets richer
This post was edited on 8/19/22 at 6:34 am
Posted on 8/19/22 at 6:59 am to Upperdecker
Yeah real rags to riches story here. Kid was probably already driving a 100k car to school.
Posted on 8/19/22 at 8:29 am to Shepherd88
Any 20yr old college kid who gets 25M and doesn’t squander away a large portion of said money on hookers and blow should not be trusted.
Posted on 8/19/22 at 10:12 am to AllDayEveryDay
quote:
So the trick to making lots of money, is to start with lots of money?
Or get elected to Congress...
Posted on 8/19/22 at 10:53 am to Shepherd88
First you get $25 million THEN you can get rich
I'm happy for the kid I applaud his weblo's
I'm happy for the kid I applaud his weblo's
Posted on 8/19/22 at 11:08 am to EA6B
quote:
Buffet started the same way, in the 1950s 10 or 12 friends, and family gave him $250,000 to invest, around $25 million in today's dollars. Those that stayed invested with him got wealthy.
Sam Walton didnt exactly start broke, he borrowed big money from his father in law
Posted on 8/19/22 at 12:26 pm to Shepherd88
quote:
he sold $130 million worth of stock from his TD Ameritrade and Interactive Brokers accounts.
I also use my TD Ameritrade account to sell 100 million dollars worth of stock.
I guess it wouldn’t totally surprise me that people have this much money in a basic TD Ameritrade account, but at the same time it just seems like the wrong tool for such large transactions.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News