Well, almost zero activity on this sub. Still a nice break from the shithole that is the reddit amcstock sub. It’s really something looking at this stock and realizing that the tens of thousands I spent over the past year could be bought with a few thousand dollars now. Disheartened and disgusted. No reason to sell because I’ve lost so much already. Fucking hell.
What Is a Bag Holder? A bag holder is an informal term used to describe an investor who holds a position in a security that decreases in value until it descends into worthlessness. In most cases, the bag holder stubbornly retains their holding for an extended period, during which time the value of the investment goes to zero.
Hey, at least I have a bag, right? Right!?
Seriously though, do you have a floor? Are you comfortable with your money burning? You came to a pretty quiet community to vent so, I’m not sure if you are? You work hard for your money just like anybody else, don’t let suites piss away your earned resources.
I haven’t kept up with AMC directly but it’s charts look reactive, but also potentially catastrophic. And they had a banger of a day today. Not financial advice, just basic arithmetics $Any > $0
Not at this point. I bought in years ago when the stock was about $6, and all the market research I saw said a more honest price for the stock was about $15. At this point, the little amount I’d get cashing out isn’t worth my curiosity about what will happen next. It was, as all my stock buying is, less strategic and more fun. I consider the stock market to be like driving out to Vegas. I’m going to lose money, but I might have some fun along with way.
Yeah, it’s hard to know when to let go. Feel like this is me with etherum. If it was a traditional market would drop it today. But given that it’s a novel market, I still have some hope for partial resurrection.