@ValueInIdeas I’d rather get a quick gap down to $56 to retest previous low and close higher with volume. Now it seems a never ending spiral of despairs
Or maybe it’s the first time it bottomed on a Friday
I feel like this has been a hot topic and let me explain my thoughts here.
A lot of people feel that someone who gambles will not be helped by a bail out. If you feel this way don’t donate.
The truth is yes this is a very hard lesson and trust me he is not bailed out by $7500. (No one is) I think this is a nice gesture from the community to help him get back on his feet.
From the community that he has enormously helped and lot of people might have grown stronger in their convictions and thereby made a lot of money.
So my opinion is that from the community this is the right thing to do. For me this is the right thing to do. But you guys do you.
@JacobKeeton20 was very brave for being transparent and sharing this very difficult thing and hopefully he and we all learn from this.
I don’t think mean comments are what he needs now and I’m very sure what ever bad things you are commenting he is thinking that already to himself and worse.
I hope that @JacobKeeton20 can use this to cover a few months of living expenses so he can get a high paying job so he can invest again. And this time do it right.
He is a very intelligent guy and I’m sure he will get back on his feet soon. And in a few years this will be a story he tells his friends and he laughs at.
Anyways if this upsets you don’t donate. Do what feels right for you.
@Staudinger333 It’s funny how the bears sudddnly become “value investors” and start giving price target based on fundamentals. After a 60% drawdown they are now “predicting” another 30% drawdown to 40s