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Re: None

Tuesday, 09/01/2020 10:23:54 AM

Tuesday, September 01, 2020 10:23:54 AM

Post# of 348551
DBMM's trading reminds me of a true story of a guy I knew years ago during the tech boom...

He got a "hot tip" on a pink sheet company and called his broker to buy some. The broker tried to talk him out of it, but he was adamant.

He checked the price the next day, and saw that the stock went up. He called his broker again, and bragged and told him to double the position.

He checked the price again the next day, and saw that the stock went up. He called his broker again, and bragged and told him to buy even more!

He checked the price the next day, and saw that the stock had yet again moved up. Looking at a nice paper profit, he called his broker and told him to sell the position!

The broker responded "To whom? You are the only one buying this garbage!"

I think the worthless shares still sit in his portfolio today!

True story...