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Started By
Message
re: MEGL IPO starts Friday
Posted on 8/10/22 at 10:20 am to Chucktown_Badger
Posted on 8/10/22 at 10:20 am to Chucktown_Badger
It’s just money brah
You gonna be throwing six figures at a loaf of bread next year
You gonna be throwing six figures at a loaf of bread next year
0
Posted on 8/10/22 at 11:41 am to CajunTiger78
Yeah, I gotta say, losing money absolutely sucks. Having others question your credibility/integrity while doing it is salt in the wound. That happened with me on Stocktwits with HMBL and WKHS (very similar to your loss, but not quite as bad since I did not quite reach six figures). I screenshot my losses and have not been back to Stocktwits since.
I hope it turns for you. You definitely took a shot! I admire someone willing to risk a lot.
I hope it turns for you. You definitely took a shot! I admire someone willing to risk a lot.
Posted on 8/10/22 at 11:49 am to go ta hell ole miss
Agree hats off for going for it. My going for it was 5 shares and not looking good but dont have that much cash on hand either. I have a family and other obligations so need to keep my emergency fund in place.
Posted on 8/10/22 at 12:34 pm to FLObserver
What's weird is that today is the biggest volume yet with 15 million shares traded but the price hasn't really moved so far.
There's no shares available to borrow and the cost is pretty high at 54% but it's short sale restricted today, which means day traders can only short the stock when it goes up.
I'm not touching it but it's interesting to watch.
There's no shares available to borrow and the cost is pretty high at 54% but it's short sale restricted today, which means day traders can only short the stock when it goes up.
I'm not touching it but it's interesting to watch.
Posted on 8/10/22 at 12:50 pm to CajunTiger78
You were up almost six figures on this Monday morning... should've taken off your cost basis then and only played with house money. These Hong Kong IPO's are scams and going to zero long term. I would just take your loss now and put that $ in ORGN and not check back again and maybe in 5 years you'll make up the loss.
This post was edited on 8/10/22 at 12:51 pm
Posted on 8/10/22 at 2:57 pm to go ta hell ole miss
quote:
I admire someone willing to risk a lot.
Hard to admire making an investment decision that literally every professional in the business would advise against all day every day. Unless you mean admiration in the sense of "holy shite, I can't believe you just did that".
Posted on 8/10/22 at 3:06 pm to Chucktown_Badger
Bro professionals in the business don’t want you making money they just wanna collect fees
Posted on 8/10/22 at 4:17 pm to GeneralLee
quote:
You were up almost six figures on this Monday morning... should've taken off your cost basis then and only played with house money. These Hong Kong IPO's are scams and going to zero long term. I would just take your loss now and put that $ in ORGN and not check back again and maybe in 5 years you'll make up the loss
Normally that is what I have done when in that situation but I took a risk and it simply did not work for me. It was a gamble and I have to accept my mistakes and move forward.
Thanks to all for the kind words.
Posted on 8/10/22 at 10:54 pm to Chucktown_Badger
quote:
Hard to admire making an investment decision that literally every professional in the business would advise against all day every day.
Every professional advises against taking risk with mad money when savings, retirement, consistent money coming in in perpetuity and no debt? America was built on massive risk takers. This wasn’t even close to a massive risk compared to his overall financial status. Yes, I admire him taking a shot, even if it misses. He only has to hit once and has plenty of time to rebuild his mad money stash.
You enjoy keeping all your money in a savings account or a shoe box in the backyard to avoid risk, though. I admire people like you that are so committed to status quo that they never take a shot and accept that they’re just working to pay the rent each month because even mortgages are too risky. It takes all kinds.
This post was edited on 8/10/22 at 11:09 pm
Posted on 8/11/22 at 7:48 am to CajunTiger78
You gonna buy frza baw
Posted on 8/11/22 at 7:54 am to go ta hell ole miss
I feel somewhat concerned for the folks here that just put a little money into their ponzIRA every month and laugh at those of us who aspire to climb higher. Imagine thinking of investing on a 30 year timeline when there won’t be a country in 10 years
Hey man we may not win every trade but at least we aren’t putting money into a vanguard total “give 10 million to Hillary every year” market fund.
Hey man we may not win every trade but at least we aren’t putting money into a vanguard total “give 10 million to Hillary every year” market fund.
This post was edited on 8/11/22 at 7:55 am
Posted on 8/11/22 at 8:12 am to go ta hell ole miss
quote:
when savings, retirement, consistent money coming in in perpetuity and no debt?
I don’t think you know what that means.
And no, the professionals don’t advise against taking risk, but they would all advise against what was done in this case.
Posted on 8/15/22 at 9:54 am to Chucktown_Badger
are we riding again? earned me $30 with my 2 shares 
Posted on 8/15/22 at 7:01 pm to DawgCountry
My gut is telling me we may have a multi-day runner, but my gut has been wrong many times (I.e, AUPH, APPS…).
Got 150 shares with a $13.60 cost basis. Gonna wait till tomorrow to see when I’m gonna pull the trigger to sell. Probably will sell 125 shares if it gets back to $100 and let the rest ride. GL to all.
Got 150 shares with a $13.60 cost basis. Gonna wait till tomorrow to see when I’m gonna pull the trigger to sell. Probably will sell 125 shares if it gets back to $100 and let the rest ride. GL to all.
Posted on 8/16/22 at 8:18 am to Crescent Connection
BUMP.
Swashbuckler finally went green today.
Swashbuckler finally went green today.
Posted on 8/16/22 at 9:11 am to Gideon Swashbuckler
Anybody else in on the next one?
GCT IPOs on Friday. It's got a $10.25-$12.25 range and I pre-ordered 950 bucks worth. There is some buzz around it but it doesn't have the same underwriter responsible for the recent pops. STBX does though and it IPOs on the 26th. I don't expect either to have the same craziness as HKD or MEGL but they should see some action.
GCT IPOs on Friday. It's got a $10.25-$12.25 range and I pre-ordered 950 bucks worth. There is some buzz around it but it doesn't have the same underwriter responsible for the recent pops. STBX does though and it IPOs on the 26th. I don't expect either to have the same craziness as HKD or MEGL but they should see some action.
Posted on 8/16/22 at 11:27 am to Diseasefreeforall
I think the casino has better odds than this stock 
Posted on 8/17/22 at 6:46 pm to Diseasefreeforall
GCT now going live tomorrow now. Can’t wait for my 1 share. I put in for about $800
Posted on 8/17/22 at 9:15 pm to DawgCountry
Made some (not all) money back playing options on BBBY this week. I may throw a little at GCT, but as soon as it shows signs on turning to the downside I'm out LOL!
Still sitting on ALL of my shares of MEGL. Maybe one day I'll cut a chunk out of my losses. I don't expect it to get back up to 200+ but maybe I can recoup 50% sometime in the future.
Still sitting on ALL of my shares of MEGL. Maybe one day I'll cut a chunk out of my losses. I don't expect it to get back up to 200+ but maybe I can recoup 50% sometime in the future.
Posted on 8/18/22 at 5:16 am to CajunTiger78
quote:
Made some (not all) money back playing options on BBBY this week. I may throw a little at GCT, but as soon as it shows signs on turning to the downside I'm out LOL!
I went ahead and toke my loss on Megl its money i can use elsewhere but with as much as you had in can see holding on until maybe a quick run. Yeah this gambling stuff is not for me. I try and make a quick buck and fall on my face everytime. I have two portfolio's one with Growth/Mid/Small cap stocks and one with Stable Dividend stocks. I'm up 10% YTD on the plain boring Div stocks and down 10% on growth stocks. Think i need to stick with plain and boring
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