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(MSN)   The Apes are learning a hard lesson that putting all of your money into a dead company isn't very wise when the guy front-running the Ponzi scheme sells his entire stake as you keep trying to buy the dip   (msn.com) divider line
    More: Followup, MSN  
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1280 clicks; posted to Business » on 18 Aug 2022 at 1:23 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-08-18 12:43:40 PM  
Bed Bath & Beyond fell up to 21.8% below its previous close

No worries; they just redeemed one of their coupons.
 
2022-08-18 1:25:58 PM  
You know if you are going to dump your stock it is probably not a good idea to broadcast it to the world, might make the price fall.
 
2022-08-18 1:30:37 PM  

groppet: You know if you are going to dump your stock it is probably not a good idea to broadcast it to the world, might make the price fall.

Narrator: He already did, and it's now shorting himself for a quick payday.

 
2022-08-18 1:51:02 PM  

koder: Bed Bath & Beyond fell up to 21.8% below its previous close

No worries; they just redeemed one of their coupons.


Wall street pioneered the ponzi scheme
 
2022-08-18 2:08:15 PM  
There's an article floating around about a guy that says he made $110 million off of this nonsense.
 
2022-08-18 2:34:28 PM  
im sure he placed a phone call to his buddies to short the stock before he sold it.
 
2022-08-18 2:45:40 PM  

HotWingConspiracy: There's an article floating around about a guy that says he made $110 million off of this nonsense.


He's worth $2 billion so I don't get how all this bullsh*t is worth it to him.
 
2022-08-18 2:48:42 PM  

Linux_Yes: Wall street pioneered the ponzi scheme


Actually no. It was a guy named Charles Ponzi, who was selling discounted postal reply coupons, from Boston.

It had nothing to do with Wall Street or stock trades.
https://en.wikipedia.org/wiki/Charles_Ponzi
 
2022-08-18 3:14:04 PM  

groppet: You know if you are going to dump your stock it is probably not a good idea to broadcast it to the world, might make the price fall.


You statutorily have to if you're a large stakeholder.
 
2022-08-18 3:18:15 PM  

CCNP: Linux_Yes: Wall street pioneered the ponzi scheme

Actually no. It was a guy named Charles Ponzi, who was selling discounted postal reply coupons, from Boston.

It had nothing to do with Wall Street or stock trades.
https://en.wikipedia.org/wiki/Charles_Ponzi


Oops
My bad
I got mixed up on the 'Who gets bailed out by the government most often' question.

Thanks
 
2022-08-18 3:20:58 PM  

ltdanman44: im sure he placed a phone call to his buddies to short the stock before he sold it.


Insider trading is the rule now.

By the time information goes public its too late for the average investor.

Happy trading boys!!
 
2022-08-18 3:28:57 PM  
You know you can just buy regular stocks, wait around 40 years, and retire comfortably.
 
2022-08-18 4:06:39 PM  

Rapmaster2000: You know you can just buy regular stocks, wait around 40 years, and retire comfortably.


You sound old and boring, old man. Gimmie money.
 
2022-08-18 8:03:55 PM  

Rapmaster2000: You know you can just buy regular stocks, wait around 40 years, and retire comfortably.


Fark user imageView Full Size
 
2022-08-19 1:36:44 AM  

NewportBarGuy: HotWingConspiracy: There's an article floating around about a guy that says he made $110 million off of this nonsense.

He's worth $2 billion so I don't get how all this bullsh*t is worth it to him.


But he stuck it to the hedgies!
 
2022-08-19 7:12:52 AM  
I like that none of the reddit fueled investors noticed that all the meme stocks are cheap. Nobody is meme-investing in Exxon-Mobil or Microsoft. Eventually, the lads will figure out penny stocks.

Meme-fueled Berkshire Hathaway Class A shares, babe. It's the future.
 
2022-08-19 11:51:25 AM  
I popped in, made my $50, then popped out.
 
2022-08-19 11:23:50 PM  
At $11 tonight. Good lord.
 
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