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The dude that put this entire 401K into Sasol at bottom

Posted on 6/8/20 at 9:19 am
Posted by The Egg
Houston, TX
Member since Dec 2004
79187 posts
Posted on 6/8/20 at 9:19 am
Bro, come swing those heavy nuts over here so we can give you a round of applause
Posted by mylsuhat
Mandeville, LA
Member since Mar 2008
48951 posts
Posted on 6/8/20 at 9:24 am to
I bought 8 shares at the bottom because thats all the free cash I had in my portfolio
Posted by BZ504
Texas
Member since Oct 2005
9544 posts
Posted on 6/8/20 at 9:26 am to
I’ve got 200 shares at the moment. Drops to $9.00, I’m gonna get out.
Posted by ALTiger
Alabama
Member since Nov 2009
3031 posts
Posted on 6/8/20 at 9:30 am to
quote:

The dude that put this entire 401K into Sasol at bottom


Who was this?
Posted by ODP
Conroe
Member since Oct 2015
1938 posts
Posted on 6/8/20 at 9:39 am to
I kept buying to average down my initial cost of $20 share, now sitting on 15000 shares at 6.11.
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 6/8/20 at 10:09 am to
Absolute savage. Did he ever give the dollar amount?
Posted by Auburn80
Backwater, TN
Member since Nov 2017
7567 posts
Posted on 6/8/20 at 11:46 am to
How old is he and how much money was it? If he's 30 it's amazing he pulled it off. If he's 60 he needs to have a mental checkup for doing that. Glad it worked out for him, but there are lots of stories of people doing that with bad results.
Posted by corym52
Member since Jul 2007
721 posts
Posted on 6/8/20 at 2:27 pm to
I did it with MPC. To say it’s paid off is an understatement. Bought in at 17. I’m still young so it was worth the “risk”
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