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Wanting to Begin Investments

Discussion in 'Stocks & Investments' started by gunmetalghost, Feb 15, 2015.

  1. Jul 26, 2017 at 8:20 PM
    #61
    JeffreyB

    JeffreyB Well-Known Member

    Joined:
    Oct 17, 2015
    Member:
    #166880
    Messages:
    1,782
    Gender:
    Male
    First Name:
    Jeff
    Vehicle:
    2015 Access Cab 2.7 5 Speed 4X4
    We do agree on something! Haha. Buying on margin is right up there with shorting. There was a story floating around on the internet, so who knows if it is true or not, but this guy with about 40k in his account decided to short a couple dollar stock. Some great news came out for it and it tripled in after hours. His brokerage closed out his position and he owed them over 100k. I think he even had a go fund me. I have no sympathy if it is true though.

    Found the story. It was up 8x. https://www.google.com/amp/www.marketwatch.com/amp/story/guid/18CF8EE8-8ED0-11E5-87B6-3CB893D25A7F
     
  2. Jul 27, 2017 at 7:48 AM
    #62
    Benzdriver81

    Benzdriver81 Making it fool-proof will just make a better fool

    Joined:
    Aug 1, 2016
    Member:
    #193495
    Messages:
    6,028
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    Male
    First Name:
    Kevin
    PNW
    Vehicle:
    05 DCLB Sport
    Woah......

    *stashing that lesson away for future review*
     

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