Hello Chuds two novembers ago I took out 85k in personal loans to finance a 20,000 share purchase of Atomera. Let’s chat
I have missed no payments on the loans, my monthly repayment is like $2900, it’s a lot for me, a humble construction worker.
I have been selling calls on the shares and reinvesting the premium, thas good.
I am down like 26% on the investment. Cheers
https://i.redd.it/gub6xadoqnmg1.jpeg
Posted by dingusmuhgee
20 Comments
This is why I come here.
Fuck
Is this a delusional play or do you have a thesis to back it?
This is a cycle of retardation I havent seen before, kudos.
Down 26% thats what I’m talking about.
Have you considered using margin on top of the loan?
Obligatory /s
I sometimes think I make dumb decisions, then come here and am quickly reminded I could be doing way worse
best regards!
Good luck they are going to run out of cash in less than a year.
What was your thesis on this
I’m more upset that you’re using chase for options. You can’t even roll there
This YOLO requires your life and 2/3rds of someone else’s.
“I am down like 26% on the investment. Cheers”
https://preview.redd.it/9olihq41tnmg1.png?width=498&format=png&auto=webp&s=7bde1620257993c19a3a92655fb28c1edcdb6912
For sane people, If you can’t afford it you shouldn’t buy it. But this is America, everything is built on loans
I think you will be back in green later this year.
Shoulda put it into HGRAF
So the plan was to make money selling covered calls on a thinly traded small cap ticker?
The best part is when you briefly 3x’d your money after two months but thought that wasn’t enough so you continued making mortgage payments to finance the position.
Second best part will be when your underwater call strikes hit.
Who picks this random fucking stock for dropping a 100k loan on?
https://preview.redd.it/7zxuotarxnmg1.jpeg?width=750&format=pjpg&auto=webp&s=62d40f107505e999be2d0a07bc75d4326494e51d