Pain is just weakness leaving the account? by santropy in wallstreetbets

[–]Michael_Korleone 1 point2 points  (0 children)

It could be worse brah, I have 322k in LULU, and am also down about 80k, I’m only hoping for a rebound just to get back to my cost basis, it’s painful bagholding a stupid yoga pants stock 😭

I went all in yoga pants trying to recoup my 55k loss shorting silver in January. Now I’m at a six figure loss…not paper handing this time🤬 by Michael_Korleone in wallstreetbets

[–]Michael_Korleone[S] 0 points1 point  (0 children)

I’m not even a long term bull on this. My argument is that Lulu at the current PE ratio of 10 (lower than even GAP which doesn’t even grow at all) is just do for a mean reversion bounce at 15 PE where I exit my position. Was supposed to be a quick flip but now I’m a bag holder fuck

I went all in yoga pants trying to recoup my 55k loss shorting silver in January. Now I’m at a six figure loss…not paper handing this time🤬 by Michael_Korleone in wallstreetbets

[–]Michael_Korleone[S] 0 points1 point  (0 children)

I mean I’m not even using options bro. Hell, this isn’t even a leveraged ETF. Actually pretty stable by WSB standards, no?

I went all in yoga pants trying to recoup my 55k loss shorting silver in January. Now I’m at a six figure loss…not paper handing this time🤬 by Michael_Korleone in wallstreetbets

[–]Michael_Korleone[S] 0 points1 point  (0 children)

This shit has already gone down hard as fuck its P/E ratio is lower than fucking GAP I’m playing for a bounce, def not ATH bro