• Helix 🧬@feddit.org
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    3 hours ago

    I made 29% within a week shorting SpaceX already, should I hodl or sell my position at some point? Do we think it’ll ever recover?

    • apotheotic (she/her)@beehaw.org
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      2 hours ago

      We’re talking about a business led by the richest person in the world who has already made it entirely clear he can buy his way to anything he desires. 30% is a tidy sum, I’d lock it in and call it a day.

    • sobchak@programming.dev
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      2 hours ago

      If it’s like Tesla stock, it will behave completely irrationally. Though, I guess most of the stock market is irrational now.

  • HubertManne@piefed.social
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    9 hours ago

    its just absolutely crazy to buy shares in a company where special super shares where made to make sure anyone buying shares could never own or control the company.

    • GregorGizeh@lemmy.zip
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      4 hours ago

      Is it? That is, if i were to own a public company, the only way i would ever allow anyone else to own a part of it. It is my company, i don’t want fucking shareholders pressure me for more profits and shortsighted decisions. If the vultures want a share of the profits they get just that, not a voice at the table.

      • Kazumara@discuss.tchncs.de
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        3 hours ago

        i were to own a public company

        It is my company

        No, by definition it is not, if you sell part of it to the public and make it a public company.

      • Pyr@lemmy.ca
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        3 hours ago

        That is literally the entire point of shares. You buy a percentage of the company and give them money so they can use that money to expand and develop.

        Why would I give a company money if I don’t get a percentage of that company? It’s not a fuckin donation.

  • Che Banana@beehaw.org
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    13 hours ago

    Biggest pump and dump scheme yet… Now come the gov bailout to keep the company afloat while dismantling NASA further

  • schmorp@slrpnk.net
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    14 hours ago

    I don’t think we should accept those people’s money anymore - what are these billions, trillions, gazillions, schmoozillions even supposed to be. I’m happy to trade in sea shells or your kiddo’s drawings with you instead if you have an honest face!

    • Helix 🧬@feddit.org
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      3 hours ago

      Don’t be sad, I shorted it but didn’t put waaaay enough money into that endeavour to make me rich.