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OBE

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Alias Born 08/01/2013

OBE

Re: None

Tuesday, 05/10/2022 9:28:42 AM

Tuesday, May 10, 2022 9:28:42 AM

Post# of 61909
Last-night I dreamed that-I-sold my 9M HCMC shares...

...at a loss, and then it went to $2500 per share! I could see, in vivid color, my trading platform. Actually, it was a nightmare!

It was a nightmare because it was the second time this happened to me and, in my sleep, it was as if I was having a heart-attack. If you think the scenario is far-fetched, read on:

I have IRAs that I don't trade with.
I did engage in Option plays (the only form allowed in an IRA) "Selling Covered Calls"
Covered, because I owned 100 shares of each and would sell one contract at a time.

One evening, while watching MAD MONEY, a woman called-in and asked Cramer (the Clown) about her AMAZON shares. He hit the Ahh-Ooga button that screams "Sell-Sell-Sell" and went-on to explain that the newly released IPO called "ALIBABA" was going to "BLOW AMAZON OUT OF THE WATER!"

https://www.cnbc.com/2014/05/13/cramer-new-catalyst-could-intensify-amazon-selling.html

Concerned, I checked the ticker AMZN the next morning. It was @ $375. Now, I had bought it @ $250 and so I was relieved that I could get out with a tidy profit.

Then, within 6 months AMZN had doubled to $750.
Within a year it had hit the unconscionable level of $1000 per share.
And the rest is HISTORY and I suffer from PTSD as a result.

A .0045 stock will go to .045 a lot easier than a 4.50 stock will go to $45.00

Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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