Superstonk

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Reddit was down... So I made a Superstonk alternative in Lemmy.

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mein_kampfy_chair@lemmy.ml

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This is definitely the biggest waste of my time and money in my life. (lemm.ee)

submitted 1 year ago by JokeDeity@lemm.ee to c/superstonk@lemmy.ml

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After all I've seen and all these years, I'm feeling pretty foolish. I put a lot of my livelihood into this and it has gone nowhere but down. I feel like the biggest joke of a person for believing in any of this for this long.

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[–] Arghblarg@lemmy.ca 5 points 1 year ago (1 children)

Patience is a virtue, but it's up to you if you want to hold and wait or not. The company still has no debt and has been showing a trend towards profitability every quarter so far since Jan 2021 events, so IMHO there's no logical reason why the stock won't rise over time (as you probably know, there are many, many different theories why it hasn't already, but again no one knows for sure).

When so many investors say 'fundamentals are what matters', it's funny to hear from some of those same investors the level of shade they throw. It's like they've got something personal against this particular company. Hmmm.

[–] JokeDeity@lemm.ee -2 points 1 year ago (1 children)

You understand that this argument can never die? How long is reasonable for what claims were made? 10 years? 50? Before my grandkids die? Before the planet dies? If the level of crime that supposedly happened, happened, why do we need to wait already over 3 years for anything to come of it? I've been here since the start and I've read just about every argument to be made and all the DD, but it doesn't change the fact that all that has happened is I've lost a lot of money.

[–] Arghblarg@lemmy.ca 5 points 1 year ago

How long indeed? I have had oil/gas stocks that were underwater for multiple years; then they went above my price point. If I'd given up and sold earlier, I'd have lost money. If I'd held longer, I'd be up when I sold. Your point?

It's all a gamble. So why get twisted up about what others are betting on?

Fact is, the company has no debt, and is trending toward profitability. Do you think humanity in general will give up on games, on collectibles, on play? If so, then you should get out now. I happen to think this particular company is positioned well for the long term.

[–] kernelle@lemmy.ml 1 points 1 year ago

"When even the shoeshine boys are talking stocks, the market is too popular for it's own good, and it's time to sell" has been a quote since the 1900s. Following popular opinions will make you late in all investments.

When I heard my 60y/o non-tech neighbour talk about crypto, I sold 70% of mine. Follow the scuttlebutt in both directions is what Philip Fisher would say.

[–] Smc87@lemmy.sdf.org 1 points 6 months ago (1 children)

How’s the last few days been?

[–] JokeDeity@lemm.ee 1 points 6 months ago (1 children)

Didn't even hit my average cost per share...

[–] Smc87@lemmy.sdf.org 1 points 5 months ago

😢

[–] oozynozh@lemm.ee -3 points 1 year ago

It's easy to fall into communities like these because the advice they offer seems plausible on it's face. At least you can acknowledge that it's not working out for you so that you can move on.

We've all had to learn some lessons the hard way in life. Don't let the sunken cost fallacy deceive you into dragging things out further. Cut your losses and run.

Write it off as a capital loss and a lesson learned... Good luck.