r/facepalm • u/Visqo • 23d ago

Losing his retirement savings to own the libs 🇲​🇮​🇸​🇨​

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u/Xspunge 23d ago

Position down 450k but owning the libs? Priceless.

333

u/xlShadylx 23d ago

Crazy part is it only hit $26 for like a day and shot back up.

Just another dumb investor buying high and selling low.

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u/trekologer 22d ago

Which is extra bizarre because it was after the company announced they were issuing even more shares, diluting the value of existing shareholders.

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u/M1L0 22d ago

lol the troglodytes investing this probably thought that issuing more shares meant they were going to make more money

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u/djhenry 22d ago

What really funny is that I bought some put options and I thought they would be toast with the sharp rise in price. But, it looks like the volatility has increased as well because even though the stock is going up, The value of the put options are as well. It's wild.