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Stupid News

Yankee Traveler

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I'm sick to my stomach today because of how stupid I feel.

I've been playing around the stock market with one of my IRAs.

Two weeks ago, I had $70,000 sitting in my cash investment account. I was looking around the penny stocks and found one.
IMH Impact Mortgage Holdings. Price per share = $.005. I bought 100,000 shares = $500

Last week it moved up to $.0455 a share and then started to drop. I sold my 100,000 shares at $.0415 = $4,150. I felt like a smart guy making $3600 on a penny stock.

But wait one minute.

Why didn't I buy 14,000,000 share with the entire $70,000? If I'd sold 14,000,000 shares at $.0415 I would have made $501,000. That was pretty stupid not taking that chance.

Until Today:

IMH today has lost .0155 a share and has fallen to
$.1645 a share.

If I had invested the $70,000 and purchased 14,000,000 shares two weeks ago, I could sell them today for:


$2,303,000.

Want to talk about feeling stupid????
Well...I'm willing to bet some guy bought them at $.0455 and refused to sell them until it came back up and ended up trying to stop the bleeding at $.01645.

That could make a man feel dumb.
 

BigKen

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If a guy bought them at four cents a share he's up twelve and half cents a share today.
 

nefansince75

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I'm sick to my stomach today because of how stupid I feel.

I've been playing around the stock market with one of my IRAs.

Two weeks ago, I had $70,000 sitting in my cash investment account. I was looking around the penny stocks and found one.
IMH Impact Mortgage Holdings. Price per share = $.005. I bought 100,000 shares = $500

Last week it moved up to $.0455 a share and then started to drop. I sold my 100,000 shares at $.0415 = $4,150. I felt like a smart guy making $3600 on a penny stock.

But wait one minute.

Why didn't I buy 14,000,000 share with the entire $70,000? If I'd sold 14,000,000 shares at $.0415 I would have made $501,000. That was pretty stupid not taking that chance.

Until Today:

IMH today has lost .0155 a share and has fallen to
$.1645 a share.

If I had invested the $70,000 and purchased 14,000,000 shares two weeks ago, I could sell them today for:


$2,303,000.

Want to talk about feeling stupid????
The question is why did you buy in the first place? Count your blessings on your $3600 profit for if the investment was a guess you never had a reason to invest more or invest longer.
 

BigKen

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The question is why did you buy in the first place? Count your blessings on your $3600 profit for if the investment was a guess you never had a reason to invest more or invest longer.
You're right, I should be thankful.

Like most folks, I'm also a bit greedy.
 

nefansince75

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Like most folks, I'm also a bit greedy.
True, most of are, or we think we're smarter than we are, and that makes us suckers in investing, gambling or anything that involves transactions with very seasoned opposition. Knowing that is the first step to not being a sucker (often).
 

nefansince75

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This might be a new low for stupid news

 

Southieinnc

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nefansince75

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at least it was funny.....
It's a bit funny but there's no way the team or league allows "69 is illegible" to be blared out every play. I'm not sure how Gronk made it passed 8th grade. I'm not implying he's dumb, if that still is his humor I can't see him wanting to leave the 8th grade.
 

Southieinnc

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It's a bit funny but there's no way the team or league allows "69 is illegible" to be blared out every play. I'm not sure how Gronk made it passed 8th grade. I'm not implying he's dumb, if that still is his humor I can't see him wanting to leave the 8th grade.
Who wants to grow up?????
 

cheerupcharlie

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I'm done with Mac Suh Jones. I hope someone goes low at his knees like he did against that Bengals player.

I'm not sure I've ever disliked a player as much as I do Mac Jones. Cry baby bullshit.
 

Southieinnc

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I'm done with Mac Suh Jones. I hope someone goes low at his knees like he did against that Bengals player.

I'm not sure I've ever disliked a player as much as I do Mac Jones. Cry baby bullshit.
Grow a set! It's the NFL!
Go play Barbie Cars in the basement and play real nice!
 

cheerupcharlie

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Fuck him. I hope he gets his knees taken out. He's the leagues
biggest pussy.

And I have a "set". What do you think was hitting your chin as you engulfed my member Xmas eve?? I will never listen to Little Drummer Boy the same ever again.
 
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