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[Copypasta]Is that insider trading?
If you're a passenger on a newly recertified 737MAX and it starts to nosedive into the sea so you buy shitloads of BA puts over WiFi before impact, is that insider trading?
If you're a passenger on a newly recertified 737MAX and it starts to nosedive into the sea so you buy shitloads of BA puts over WiFi before impact, is that insider trading?
The year is 2946, Robot Mitch McConnel and Cyborg Nancy Pelosi report stimulus talks going well.
The Dow rewards them and hits 6.02 x 1023.
Oh my gourd, I am financially ruined (agricultural futures)
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
Wallstreetbet's Christmas break
Gonna be checking the market every chance I get while pretending to think my brother-in-law's Cards Against Humanity answers are funny.
Gonna be checking the market every chance I get while pretending to think my brother-in-law's Cards Against Humanity answers are funny.
Stonks only go up. But you don't.
You watch her as she brushes her hair. Sheβs humming a song you canβt quite hear and smiling to herself. Not for the first time, you wonder why this person chose you.
She turns. βWhat do you want for Christmas?β You want to scream Save your money!, but you only shrug. βNothing, really.β
βNothing?β She crawls into bed and touches your leg. βAre you sure?β Again, you wonder why this person chose you.
As she takes the weight of you in her hand, your mind wanders. To your puts. Theyβll expire worthless, like you. After several minutes of failing to conjure your manhood, she asks, βWhatβs wrong?β
Stonks only go up.
But you donβt.
You watch her as she brushes her hair. Sheβs humming a song you canβt quite hear and smiling to herself. Not for the first time, you wonder why this person chose you.
She turns. βWhat do you want for Christmas?β You want to scream Save your money!, but you only shrug. βNothing, really.β
βNothing?β She crawls into bed and touches your leg. βAre you sure?β Again, you wonder why this person chose you.
As she takes the weight of you in her hand, your mind wanders. To your puts. Theyβll expire worthless, like you. After several minutes of failing to conjure your manhood, she asks, βWhatβs wrong?β
Stonks only go up.
But you donβt.