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this retard took his $33k and turned it into -$106k by placing a short with no limits on a $2 stock which then shot up 800+% today he's started a gofundme page and already has $5k and is hiring a lawyer to try and get out of paying E*trade just lmao he's hosed quote:I was holding KBIO short overnight for what I thought was a nice $2.00 fade coming. At the close of the bell I saw the quote montage clear out and figured today there was no action after hours in the stock. So I went to my office for a long meeting. I got out of the meeting and saw a message from one of my buddys, he asked if I was ok since I was short KBIO....my heart dropped. "Shoot did I blow up my account, everything I worked for? I don't want to lose all $37,000 that would be terrible." ---It was much worse. don't trade on margin and do idiot poo poo like that, ladies and gentlemen. Moridin920 fucked around with this message at 05:04 on Nov 20, 2015 |
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Nov 20, 2015 04:26
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It takes me like 5 years to make 37k
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Nov 20, 2015 04:34
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https://www.youtube.com/watch?v=-DT7bX-B1Mg&t=19s
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Nov 20, 2015 04:35
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Lol  short selling is immoral
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Nov 20, 2015 04:36
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play with the bull you get bit in the balls
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Nov 20, 2015 04:38
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Thanks OP, this warms the cockles of my heart.Commie NedFlanders posted:Lol Nah, it's actually p cool and good. Naked shorts are immoral, though, as are jean shorts.
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Nov 20, 2015 04:39
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what a dumb fag (USER WAS PUT ON PROBATION FOR THIS POST)
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Nov 20, 2015 04:42
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i dont get it
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Nov 20, 2015 04:43
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piss on the banks and on the capitals
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Nov 20, 2015 04:45
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good gently caress him and lol gj getting lawyer you can piss that money away too dumb gently caress
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Nov 20, 2015 04:45
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Orkin Mang posted:i dont get it a dude is suddenly 140k in debt because he forgot to not be dumb
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Nov 20, 2015 04:45
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that stupid piece of poo poo should read about the causes of the great depression. im 17 and i just read that in my textbook. margin calls and stupid speculation poo poo like that is what ruined our economy. plus our congress was a stupid piece of poo poo and made some kind of overbearing central bank or whatever that could make interest rates. those motherfuckers were literally retarded and im amazed anyone is still alive after that stupid loving bullshit. gently caress you OP! burn in hell!!!!1
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Nov 20, 2015 04:46
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Orkin Mang posted:i dont get it
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Nov 20, 2015 04:47
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dad gay. so what posted:that stupid piece of poo poo should read about the causes of the great depression. im 17 and i just read that in my textbook. margin calls and stupid speculation poo poo like that is what ruined our economy. plus our congress was a stupid piece of poo poo and made some kind of overbearing central bank or whatever that could make interest rates. those motherfuckers were literally retarded and im amazed anyone is still alive after that stupid loving bullshit. gently caress you OP! burn in hell!!!!1 ay papi talk dirty to me
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Nov 20, 2015 04:47
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stocks, huh. pretty hosed up if you ask me.
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Nov 20, 2015 04:48
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what do you mean if i take a massive risk and it fails im accountable for it???!!!!! whhaaaaaaaaa thanks obama
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Nov 20, 2015 04:48
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dad gay. so what posted:what a dumb fag
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Nov 20, 2015 04:49
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Good. gently caress capitalism.
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Nov 20, 2015 04:49
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He is clearly not a True Believer in the Free Market, otherwise he wouldn't be asking for what sounds suspiciously like regulation and controls on trading.
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Nov 20, 2015 04:50
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CaptainSarcastic posted:He is clearly not a True Believer in the Free Market, otherwise he wouldn't be asking for what sounds suspiciously like regulation and controls on trading. 
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Nov 20, 2015 04:51
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also gently caress you rear end in a top hat
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Nov 20, 2015 04:51
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Actually, I had a really good day, OP. But thanks for sharing this thing. It's unfortunate for that guy, but pretty funny how it happened.
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Nov 20, 2015 04:52
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No I didn't think I had a bad day but thanks for asking.
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Nov 20, 2015 04:52
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Orkin Mang posted:i dont get it sell "short" means you are selling a stock that you do not currently possess. in the hopes that the stock price will drop by the time you actually have to fork over the stock you sold, which can be like 3 days or longer depending on how you do it. its basically seen as a lovely thing to do because your hoping poo poo fails . apparently this idiot did it on a large margin and now he's totally hosed. not a chance in hell he gets out of it unless he goes bankrupt
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Nov 20, 2015 04:52
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so he traded on a margin. interesting, though i have no clue what that means.
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Nov 20, 2015 04:52
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dad gay. so what posted:what a dumb fag YOU ARE CRUISIN' FOR A BRUISIN' MISTER!
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Nov 20, 2015 04:54
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capitalism is cancer to humanity and the stock market is one of the few things im actually glad to be ignorant of, i understand none of those words, and i will not learn them i do not believe in banks and i have not written out a map of where i bury my money
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Nov 20, 2015 04:55
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quote:I was financially able to "afford" to lose the $37k. im glad
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Nov 20, 2015 04:55
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poopzilla posted:sell "short" means you are selling a stock that you do not currently possess. in the hopes that the stock price will drop by the time you actually have to fork over the stock you sold, which can be like 3 days or longer depending on how you do it. its basically seen as a lovely thing to do because your hoping poo poo fails . how can a man sell that which he does not own?? it makes no loving sense. im starting to believe this didnt happen. u use these words but its like ur just making them up. u string them together like they make sense but its as if ur full of poo poo.
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Nov 20, 2015 04:55
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Welp, time jump out of a tall building and onto a 50 car pile up surround by swarms of cats.
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Nov 20, 2015 04:55
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apperently some dumb fag found out what something means because some stupid shithead explained it to him at the "office" and everyone laughed about it so this piece of poo poo decided to make a thread about it like he was the smart "Alpha" guy from the office but actually he is a pathetic waste of space who doesnt know poo poo about anything.
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Nov 20, 2015 04:55
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LadyAmbien posted:YOU ARE CRUISIN' FOR A BRUISIN' MISTER! 
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Nov 20, 2015 04:56
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im happy, i think
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Nov 20, 2015 04:57
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Orkin Mang posted:how can a man sell that which he does not own?? it makes no loving sense. im starting to believe this didnt happen. u use these words but its like ur just making them up. u string them together like they make sense but its as if ur full of poo poo. the world doesnt make sense friend
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Nov 20, 2015 04:58
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Orkin Mang posted:i dont get it He shorted the stock, meaning he bet that the stock price would go down (I can explain the mechanics of how this is done in more detail if you want). Unfortunately for him, the share price didn't go down and instead went from $2 to $10.40, a 400% gain. This is dumb as gently caress for several reasons. Shorting a share price of $2 means the maximum you could possibly get from your trade is $2 a share (because it can't drop past $0 obviously) - but it can go up an unlimited amount (theoretically). So by shorting this penny stock he's taking a massive risk in order to make a small amount of profit. It's stupid to short a penny stock. Margin accounts let you borrow up to 50% of the equity in your account from your broker to use for trading - IE if I have $20k in my account I can buy $30k worth of stock.
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Nov 20, 2015 04:59
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LadyAmbien posted:YOU ARE CRUISIN' FOR A BRUISIN' MISTER! Do you think we could change the name of The Book Barn to Boko Hurrah?
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Nov 20, 2015 04:59
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dad gay. so what posted:what a dumb fag oh what the gently caress
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Nov 20, 2015 04:59
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so is ladyambien our new mod cuz that seems pretty lame if you ask me.
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Nov 20, 2015 05:01
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poopzilla posted:oh what the gently caress Quick poll: Is anyone actually surprised at this point that they're going to get probated for using the word fag in a derogatory way?
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Nov 20, 2015 05:02
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lol. what an idiot. as if he or she was unaware of the risk - u win or lose.
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Nov 20, 2015 05:02
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