Quote:
Originally Posted by PaperBagger'14
So there was a post on wallstreetbets a while back about a guy who got an 800k inheritance from his grandma and dropped 700k of it into intel a day before their earnings report. That was the same earnings report where they cancelled the dividend and announced mass layoffs. He lost like 100K within seconds of the market opening the next day and proceeded to go down about 30% within the trading day. This lead to one of my favourite memes ever, dead intel grandma:
Even after their massive bump last week he still just barely broke even.
https://www.reddit.com/r/wallstreetb...l_stock_today/ |
That's pretty funny (though sort of sad too). I'm happy I got out of intel at pretty much it's recent high. I'm done with the speculative stocks. I'm waiting for a pullback to get more into the tech giants as those will (IMO) continue to gain momentum leading the AI wave.