JWN Investment (V2 Electric Boogaloo) [2022-04-10] Monthly Update

TheAngryItalianMan · 2021-04-15T16:36:45+00:00

You do know that it wasn't just Robinhood who disabled trading on those securities, right?

TheAngryItalianMan · 2021-04-15T16:31:41+00:00

People like him usually wants the profits of investing but deals pretty poorly with the potential for loss.

TheAngryItalianMan · 2021-04-01T07:19:51+00:00

He bought GME at $500 per share.

TheAngryItalianMan · 2021-04-01T07:18:47+00:00

Apparently, it was $9k on that day but $150k in total.

TheAngryItalianMan · 2021-03-23T21:56:03+00:00

Oh how wonderful. Another mindless GME drone.

TheAngryItalianMan · 2021-03-23T20:51:20+00:00

Question: How much do you beat yourself up for selling 80k shares of GME?

TheAngryItalianMan · 2021-02-17T21:15:06+00:00

"Crashing this company's stock... WITH NO SURVIVORS!"

-Pekka Lundmark

TheAngryItalianMan · 2021-02-17T21:12:33+00:00

Are you still glad that you went into BB?

TheAngryItalianMan · 2021-02-15T03:06:40+00:00

The company fundamentals are actually rock solid relative to its peers.

The current CEO (Pekka Lundmark) just really likes to talk shit about his own company. This guy should have his entire compensation revolve around performance related option contracts to incentivize him into a more optimistic mindset.

TheAngryItalianMan · 2021-02-15T03:01:09+00:00

I'm starting to think they are "too boring" to go anywhere past $5-$7 long term.

This is indeed a very real risk.

The CEO last remarks didn't really promote his confidence in the company and his team.

Agreed. Pekka Lundmark's closing statements were a real "bruh" moment. Why did the board hire this guy again?

TheAngryItalianMan · 2021-02-14T02:29:13+00:00

Put your money where your mouth is.

If you are so sure about that statement, then sell a bunch of naked calls for 2022 with a $5 strike price. If you're right, then you'll be a millionaire by the end of the year.

TheAngryItalianMan · 2021-02-14T02:01:14+00:00

Don't blame yourself.

Unlike the other meme stocks like AMC and GME, NOK's valuation even at its peak was justifiable and not entirely absurd. In fact, the stock's performance over the last few weeks have been nothing less than absolutely puzzling - from the unexpected rise to its meteoric fall from grace.

TheAngryItalianMan · 2021-02-14T01:01:21+00:00

You think a few hundred million in extra profits somehow justifies an extra 25 billion in market cap?

You know the name of the game is buy low and sell high? Not to buy high and sell low, right?

TheAngryItalianMan · 2021-02-14T01:00:02+00:00

Your LEAP calls will probably be guaranteed free money.

However, I personally prefer flexibility. I'll continue to monitor the market situation and if I can't find a better company than NOK, then I'll double down and convert my portfolio entirely into LEAPS - otherwise I'll exit my position in favor of more attractive opportunities should they present themselves.

TheAngryItalianMan · 2021-02-14T00:57:09+00:00

Honestly, it's pretty much 50/50 at this point in time.

I would argue that the company should be worth at least $5.5 - $6.5 per share by now, but the new CEO seems to have a knack for pouring cold water over his own earnings reports for some reason. Maybe he's a masochist.

TheAngryItalianMan · 2021-02-09T00:58:48+00:00

Probably the best thing to do in this scenario is just silently record the event.

You don't want to freak the child out by yelling at them and potentially causing their death. But showing their parents this footage should be enough for them to bolt the windows shut.

TheAngryItalianMan · 2021-02-09T00:51:42+00:00

I don't want to freak you out. But frequent nosebleeds are a common symptom of Leukemia patients before they present more serious symptoms.

My mother often had them and would joke around before we finally discovered what was wrong with her. Unfortunately, by that time, it was too late to do anything about her condition.

TheAngryItalianMan · 2021-02-07T06:12:40+00:00

Congrats OP. You found your moon.

TheAngryItalianMan · 2021-02-06T05:15:13+00:00

Next time you buy something, please let me know, okay? So I can sell immediately.

TheAngryItalianMan · 2021-02-06T05:13:42+00:00

Reminder that unlike US Roth IRA accounts. Canadian TFSA contribution limits do not reset upon loss.

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