No one should be my exit liquidity, bud. Sometimes you throw some bucks in a company you might believe in, and ride the wave. If it goes bust or if it succeeds.. it is what it is...
People say bers are cynical, but I’d say they’re not cynical enough…… In fact they are too straightforward and naive. True cynicism would be to perfectly understand how everything is BS bubble, and think about how to ride the wave and take advantage of it to the fullest, which a lot have indeed been doing.
I don’t have a lot of capital and don’t want to full port. But I have a hedge put above my cost basis and a $7 call for 9/19 I plan to exercise at roughly $12-$14 that I bought for 30 cents. Then I’ll sit on my little slice of 400 shares and ride out the wave until I become a bag holder.
Yolo = buying penny stock 🤓
anyway this company is trash, ride the wave and get out. This is a high iq degens sub, youre not fooling anyone with those penny stock “to the moon” bs
https://preview.redd.it/f0jnnxia6nof1.jpeg?width=1170&format=pjpg&auto=webp&s=9e417bb27405369b9d84476eca0b9a648990a880
I mean to each their own. Everyone got their own personal preference but I’m riding this wave. I really think long term if the company can bring this around and with rate cuts this thing can fly.
I have 100 shares I got after the first wave to $4. Sold a $4.5 8/29 CC for $80 and we made it just under that before the long weekend lol so I got to keep the shares and the premium and it’s just been up from there. I might grab some calls tomorrow but I’m probably already too late.