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PaperclipPerfector  29d ago (text post)   2767 thread views

Friday Fun Thread for May 17, 2024

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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Having a lot of fun with meme stocks since yesterday. First time I'm dipping into this crazy water. FFIE in particular is rocketing. It was 95% shorted and attracted a lot of hype.

Only wish I had bought more, and at an earlier point. I didn't have access to pre-market trading so had to wait until open.

And now FFIE is down 40% on the day.

All part of the plan! This is good for FFIE!

Putting new consumer loans on it now.

Currently trading at 2.73 which is up 65% today but down about 98% in the last 12 months. 52 week range 0.04–117.36. Insane.

I wonder what would happen if they let bankrupt companies keep their tickers? Like BBBY was still allowed to trade with literally no assets except the ticker. And their prospectus said something like "We owe creditors 5 billion dollars. If you buy our stock we will issue shares and use them to pay our creditors. This stock has no value". And then people bid it up to crazy heights.

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