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Stock Market under President Biden
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(02-02-2021, 08:43 PM)Jags Wrote:(02-02-2021, 08:40 PM)mal234 Wrote: Looks like the Reddit user that helped spur the major trading of the Gamestop stock has lost a bunch of money: Losing $13 million on Tuesday was likely preceded by gains that were well in excess of $13 million knowing he got in at the beginning. I mean, if one gets in at $10 you don't lose money until the stock falls below $10. His initiative was driven as a short squeeze, not to make money so it's noble for him to hold his position on the subject matter. I recall the March 2020 market crash in which Jeff Bezos lost $7 billion in 1 day. You know you're rich when you can lose $7 billion !!! (02-03-2021, 09:22 AM)StroudCrowd1 Wrote:(02-03-2021, 09:19 AM)HURRICANE!!! Wrote: I own ~ 30 stocks and make ~ 10-15 transactions per week. I learned pretty quickly that one can't perfect its timing of getting in at the bottom and selling at the top so I quit looking back at every transaction. Anytime, one can walk away with a 100% to 500% return on investment within a few weeks is a win in a manner that may never be repeated. I got in on AMC at $4.96 and out at $14.10. Conversely, instead of buying GME, I invested in ZNGA as I thought GME already topped at $80 and ZNGA was still hovering around $9 OUCH !!!! Sorry, I'm still focusing on my EV, Weed, and Solar stocks after the Biden victory. I'll get back to you later on the mask issue. Stay Safe !!! |
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