I remember seeing this post on WSB about a guy who had bought I think it was 11 $420 call options that expired in Jan 21 for $8 when TSLA was trading at around $200 or so pre split. The price went to $420 and he sold them for like $70 or $80 each and said he was going to buy a Tesla with his...
Yeah, I remember they cut the dividend right after I bought it. At the time I thought that might be a reason the price was dropping. Then they drydocked like half their ships and I was like F this company.
Story time. In 2006 I bought this oil shipping company called TOPT (Top tankers) They've since changed their symbol to TOPS. I bought about 2500 shares at $7 and change (I believe I was in for around $17,500ish). Dumped after the price dropped about 75 cents or so a couple months later but I...
Unless you were somehow able to exit out of that trade already, I don't think you're going to get to cash out +20k way too much action happening that market orders aren't even getting closed.
This is exactly what I understood too, but that show last night threw me for a loop that maybe there was something I didn't understand. Maybe they just got it wrong on purpose because it made it sound more dramatic if they had something to lose.
But the SPAC can't lose, right? Like if the SPAC finds a company they want to acquire, but then the deal falls apart, all the people that invested money in the SPAC still get all or most of their money back, don't they?
I was watching the latest episode of Billions last night and there was this part where Mafee and Dollar Bill put a big chunk(or maybe all of their money) into an SPAC. The plan was the SPAC was going to be used to buy up real estate, but some politics and stuff got involved and it was looking...
Nah. Our parents said that 40 years ago when we topped $1 trillion in debt. We feel no pain. The debt usually doubles every 10 years give or take. That's why we always have some kind of war or crisis every 10 years so we have an excuse to spend more.
1998 we were at $5 trillion debt...
With this 20%+ real inflation(not the fake 7% they say) it's probably a good idea we have such a large trade deficit. They get our worthless hyperinflated money and we get real goods. At least for now.
I don't find this fun anymore. I'm not sure I ever did, but I know I used to have this incessant need to be right and posting here kind of made me feel like I was proving my point.
Maybe I just got old enough I don't give a fuck anymore. ;)