Dave Portnoy lost $700k on meme stonks

190  2021-02-03 by Corporal-Hicks

I'd link it but nothing can be linked anymore

98 comments

You can literally link to any website on the entire earth that isnt reddit.

Thinking reddit is the entire internet is fucking sad af man.

I kept getting auto jannied last week for linking Twitter.

you got autojannied for using the t-slur like a boomer.

a drama user would never!!!

You are a boomer of the worst kind.

The still-collecting social security kind?

Worse, the millennial kind.

trains

Lol, classic

Asides from 4chan, imggur, kiwifarms, I can't really think of any other site I would want to go on.

You can literally link to any website on the entire earth that isnt reddit.

Promise?

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I bought like $50 of AMC and held it for one day. Sold it for $60. I'm basically a genius.

You made $10 in a 24 hour period. Have you thought about your retirement?

$9.99. They charged me a penny for the transaction 😔

Federal $15 minimal wage for stock traders?

That’s not even close to minimum wage

ahh, so this is those "stonks" I've been hearing so much about

Stonks go up. Stonks go down. You can't explain that.

Fucking stonks how do they work

I understand why the average broke redditor uses RH, but why in the fuck would you put that kind of money through a meme broker?

He’s a total rerard, but i doubt he uses RH

Wouldn't doubt it tbh. The level of average retardation this fiasco exposed was astonishing

So says the WSB bag holder lmfao

lol dude I banked profits on most of it Wednesday, you could see the storm coming a mile away.

I still can't believe I exited AMC at $22!

It was just ... real sad to see that place turn into Q mode as soon as it was like 'maybe we got got'.

But hey I got 5 GME left, it'll look nice framed right lol

As though anyone believes a single thing that a WSBcel says

“I got out early guys!!! All of those other idiots are the dumbs ones! Don’t mind that i spend all my time in that sub I’m totally not a bag holder!”

The fact that you admit to buying AMC in the first place demonstrates your mental capacity

Dude I go there for tips, what's your problem? I'm a sportscel and tedcell, I doubled my money on some shit and I'm buying a Pocket Cinema with it. What's rule #1? Always take profits.

Looking at your post history you were literally bagholding half of the meme stock tickers into this weekend... this shit writes itself lmao

Rule #1 is to buy all WSB recommendations then hold them until you lose 90% of your money

Rule #2 is to carry on pretending like that didn’t just happen

Looking at your post history

bruh

I can spot a bullshitting bag holder a mile away

Looking at your post history

bruh

Are you just going to keep making grunting sounds like a rerard

Find a hobby

Yeah lol I'm taking a bath on the remaining GME I'm already writing that off as a loss, but hey going from 41 - 300 is good enough to cover.

The BB hurts because I do like the company, but fortunately the calls I'm selling on it will pay for the underlying in what like 20 weeks lol. But overall I'm up shit - idk 50% or so? - all time so I can't complain.

I just don't know why you're so angry or assume I'm lying.

You need to grow some balls if you think I’m angry. This is how i talk to colleagues and members of other trading desks every single day. Finance people will eat your lunch then kick you while you’re on the ground.

Laugh it off then come back harder

... guaranteed you lost money though bahahaha

Dude one of my best friends works at a hedge fund. I know the type. Does your boss put porn on during meetings as a power play too? It's a fun life from what I hear.

But yeah you just come off a little projecting, like you're a little dog who needs to bark at people. I'm just telling you to chill, but again from what I know about your type that's literally not possible. Whatever man live your life, this is enough seriousposting for like 5 fucking threads

Bagholder psychology, i love it! Tell me more about myself 🤗🥰

Oh yeah and since iirc you said you actually were in the industry, please tell me you are part of the people who shorted this thing at like 450.

Barstool Sports founder Dave Portnoy blamed stock-trading app Robinhood for the roughly $700,000 he lost trading in the Gamestop stock frenzy

He's blaming RH anyway - I suppose it's possible that it's other people using it and he's blaming RH for the end of the pump.

There’s zero reason to use RH these days. Pretty much every broker offers commission free trading now.

Boston sports fans deserve everything that's coming to them.

This and more

This, but unironically.

Snapshots:

  1. Dave Portnoy lost $700k on meme sto... - archive.org, archive.today*

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"Portnoy finds joy in hoi polloi boy toy."

Imagine going from bravehart memes to punting on it lmao

If he was smart he'd be selling covered calls, or maybe just not putting millions in meme stocks in the first place

For a bunch of highly intelligent "retail investors", I have to relent in admiration for some of the jokes on WSB:

"This sucks. Dustin Diamond won’t even be available to play him in the movie. Maybe we can get Dustin Paper"

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no linking at all tho?