zxc123zxc123
zxc123zxc123 t1_j6oqynq wrote
Reply to comment by [deleted] in Hedge funds and institutional investors are holding a record net short position against US Treasuries (CFTC data) by Infamous_Sympathy_91
This. What kind of regard would lock in 3% for 30 years if they know they can lock in 4% or 5% if they wait 6-12 months instead?
zxc123zxc123 t1_iye8oup wrote
zxc123zxc123 OP t1_iuk7f77 wrote
Unprotected shorts on TWTR in 2013 because I thought the company was memeshit, stock price overvalued, and knowing IPOs are generally insider dumps on retail.
Sadly, I underestimated how truly stupid markets can get or how short margin maintenance requirements were fully calculated. I never sold but broker closed me out (at the very top of course!).
Trade would have eventually worked out eventually if I knew about short margin maintenance and added more funds. Sucks since $17K 2013 money is a lot more than $17 2022 money. Also not counting the margin interest I owed. On the bright side, I got multiple years of short term capital losses for tax reduction.
TL;DR 600 TWTR shares shorted at $40 and margin called at $70 for a $17K loss.
This is PART 1/2. PART 2/2 still not settled yet.
Submitted by zxc123zxc123 t3_yis86x in wallstreetbets
zxc123zxc123 t1_iucb01f wrote
Reply to comment by partymsl in Everyone here right now by ozzymustaine
And yes, by the way, i DO have a $1 billionarie tattoo. And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they're within 5M dollars of my own (preferably lower) beforehand. Nothin personnel kid 😎
zxc123zxc123 t1_je66yif wrote
Reply to comment by Flash_ina_pan in Everyone has a plan until they get punched in the mouth — with a financial crisis by TonyLiberty
You're basically one of those crazy folks from bird box then?
Can't make you crazy to the point where you kill yourself if you're already crazy and might kill yourself at any moment.
"Own nothing. Lose nothing. Be Happy." - World Economic Forum