Look for DOW to drop over 100%!
That is small potatoes for them. You have no concept of money. That is like being wow'd at Buffet making $1,000,000 bet on XYZ. It is like $0.10 to you lol.
John said that it was 50/50 if common shares would be worthless later this year.
This is incredible to witness. Trading days don't get much more entertaining than today. JESUS!
In 10 years I'll be under 10 feet of dirt. I am retired.
I dropped 40K on this crapola and got out only losing $5000+. But even then, I can still smile at how ridiculous this market is right now. What a comedy!
It isn't that people lost a ton of money this week. Good job to those that got in 0.20-0.40 range. But to get in at that range is very risky. However, the problem is that when a stock like this starts to get coverage from Jim Cramer and CNBC, it attracts the casual investor. Basically the typical investor is always 2 steps behind. When they are buying, the experts are selling. When they are selling, the experts are buying. They will never understand it and they will always consider the stock market rigged. This is what is wrong with America.