Stocks

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I first bought it Nov 5/21. It's been a stinker. I'm not eligible to be in the class.

Hope you came out better than I did

Requirement was to have purchased and then sold after it tanked on September 28 - Nov 2021

The formulation is basically your purchase price less the $87.94 (calculated value)

I paid $137 and sold for $18

The judgement was only $11M less legal and administration so I will be lucky to get $100

My damage calculation using their formula is only $2k, but I lost $5K

 

[GreyGhost]

Hope you came out better than I did

Requirement was to have purchased and then sold after it tanked on September 28 - Nov 2021

The formulation is basically your purchase price less the $87.94 (calculated value)

I paid $137 and sold for $18

I did better than you but still crap. My cost base is about $35 as I was buying on the way down and then selling and buying as it rode the rollercoaster to reduce my cost base. So I am down about 50%. I was considering LSPD or SHOP. SHOP would have been better.

While it is prudent to buy the index and avoid losing money, if you want to beat the index, you need to take some educated guesses and hope for a 100 bagger. Doing that with a small percentage can dramatically increase the upside potential with only a slight drag on the downside (if you invest 5% in speculative stocks and they go to zero, you lost 5% and its future growth, if they get 20X, you doubled the size of your entire portfolio). In practice, they don't all go to zero and only a couple get you >10x. It would be easy to have a winning or losing path.

 

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This and my Shopify bet were my worst bets in years

 

[Scuba Steve]

Not my best bet either

Sent from my Pixel 5 using Tapatalk

 

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Ouch

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