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Some wall street bet guy invested 700k into it morning of the drop. Good 100k down by lunch lol https://old.reddit.com/r/wallstreetbets/comments/1ehjuzj/i_boug

by Havoc 2y ago

Some wall street bet guy invested 700k into it morning of the drop. Good 100k down by lunch lol https://old.reddit.com/r/wallstreetbets/comments/1ehjuzj/i_bought_700k_worth_of_intel_stock_today/ https://old.reddit.com/r/wallstreetbets/comments/1ehjuzj/i_b...

consumer451 2y ago
I woke up this morning thinking about this kid's original post on this topic. I generally don't think about other people's investments, but this just sounded so bad. I was vicariously suffering through him ahead of time. I believe that he is a math major or something, everyone on WSB told him that this was a bad idea... there are so many reasons why he should have known better than to do this. Then, in 24 hours he loses 20%. Guh-adjacent.
- spacemadness 2y ago
  I mean, they inherited money at a young age and now he has $600k or so to start life with. Who really cares? They’ll be absolutely fine.
  - consumer451 2y ago
    That's what was so disturbing to me about waking up thinking about this. Why did I care? But apparently, my brain cared. I guess it was an anomaly that needed solving?
    - consumer451 2y ago
      > Ok, I definitely picked the wrong day to buy (intel 700k yolo update) 700k down to 492K. They are taking it like a champ though. I hope that this issue is now resolved for my subconscious. https://old.reddit.com/r/wallstreetbets/comments/1eiktnw/ok_i_definitely_picked_the_wrong_day_to_buy_intel/ https://old.reddit.com/r/wallstreetbets/comments/1eiktnw/ok_...
  - thejazzman 2y ago
    When it doubt, just do what George Costanza would do.. https://amphetamem.es/meme?id=seinfeld_04_20_53&timestamp=0%3A1%3A51.981&text=I+want+to+parlay+it.%0AI+want+to+make+a+big+score.&dimensions=1920x1080&at=%2Fseinfeld%2F04%2F20%2F0-1-51-981&series=Seinfeld&season=04&episodeNumber=20&episodeTitle=The+Junior+Mint https://amphetamem.es/meme?id=seinfeld_04_20_53&timestamp=0%...
- bongoman42 2y ago
  As long as he's not leveraged, he will likely be fine. Intel will recover in time. May not be the best option, but it's not like he purchased calls expiring next week.
  - consumer451 2y ago
    Yeah, I agree. It's ridiculous that my brain chose to focus on this rich kid's problems instead of my own. That's what I found so funny. Here is the latest update. https://news.ycombinator.com/item?id=41143488 https://news.ycombinator.com/item?id=41143488
rustcleaner 2y ago
His mistake was not going 100% in on <10 delta f**gy-Ds and yolo that sucker! Would have been way more epic...
MengerSponge 2y ago
Guh
IshKebab 2y ago
Not a very good match major presumably if he invested his entire inheritance in a single stock. Wow. He hasn't learnt his lesson either and is keeping the money all in Intel!

by Havoc 2y ago

consumer451 2y ago

I woke up this morning thinking about this kid's original post on this topic. I generally don't think about other people's investments, but this just sounded so bad. I was vicariously suffering through him ahead of time. I believe that he is a math major or something, everyone on WSB told him that this was a bad idea... there are so many reasons why he should have known better than to do this. Then, in 24 hours he loses 20%. Guh-adjacent.

spacemadness 2y ago
I mean, they inherited money at a young age and now he has $600k or so to start life with. Who really cares? They’ll be absolutely fine.
- consumer451 2y ago
  That's what was so disturbing to me about waking up thinking about this. Why did I care? But apparently, my brain cared. I guess it was an anomaly that needed solving?
  - consumer451 2y ago
    > Ok, I definitely picked the wrong day to buy (intel 700k yolo update) 700k down to 492K. They are taking it like a champ though. I hope that this issue is now resolved for my subconscious. https://old.reddit.com/r/wallstreetbets/comments/1eiktnw/ok_i_definitely_picked_the_wrong_day_to_buy_intel/ https://old.reddit.com/r/wallstreetbets/comments/1eiktnw/ok_...
- thejazzman 2y ago
  When it doubt, just do what George Costanza would do.. https://amphetamem.es/meme?id=seinfeld_04_20_53&timestamp=0%3A1%3A51.981&text=I+want+to+parlay+it.%0AI+want+to+make+a+big+score.&dimensions=1920x1080&at=%2Fseinfeld%2F04%2F20%2F0-1-51-981&series=Seinfeld&season=04&episodeNumber=20&episodeTitle=The+Junior+Mint https://amphetamem.es/meme?id=seinfeld_04_20_53&timestamp=0%...
bongoman42 2y ago
As long as he's not leveraged, he will likely be fine. Intel will recover in time. May not be the best option, but it's not like he purchased calls expiring next week.
- consumer451 2y ago
  Yeah, I agree. It's ridiculous that my brain chose to focus on this rich kid's problems instead of my own. That's what I found so funny. Here is the latest update. https://news.ycombinator.com/item?id=41143488 https://news.ycombinator.com/item?id=41143488

rustcleaner 2y ago

His mistake was not going 100% in on <10 delta f**gy-Ds and yolo that sucker! Would have been way more epic...

MengerSponge 2y ago

Guh

IshKebab 2y ago

Not a very good match major presumably if he invested his entire inheritance in a single stock. Wow. He hasn't learnt his lesson either and is keeping the money all in Intel!