You know, kids, it IS a bull market.
Is this VELT thing a competition to see who can lose the most money, and act the most gaucho about it?
You studs, you!
And silly me, long the big names and market leaders only picking up 20%-25% annually with cash dividend throw offs.
Next time - I'll listen to some real he-men. Studs who know how to lose 75% of their invested capital. Thanks for the lesson.
Hilariously true post!
but wait, now everyone who had 30k shares at $3 suddenly has their average at less than $1.50.
Some even have an average of less than a buck, im almost certain of it!
I do find it hilarious that averaging down does get you a share price that is lower than the stock price now. There is obviously some shenanigans by the longs here to make themselves feel better about their paper losses.
Sure you are....now go sleep it off.