Ooh I actually know this one! That’s the logo for Tushy, a company that makes bidet attachments. I bought one in 2020 and this book comes in the box with it. Honestly one of the best purchases I ever made lol
It dropped 15% premarket and then went up a bit on open as regular folks tried to jump on the opportunity, a bunch of rich people made money and people like you and me are left holding the bag.
Why would you think “rich people made money”? They already hold the shares and would be trying to sell. It would be impossible to sell any large amount of shares after hours directly after a huge negative issue. If you could sell (say $1 million worth), it would be at a much lower price.
That’s probably why the price dropped. The market doesn’t actually react to news, it reacts to investors buying and selling. If the price went down that means people with lots of shares are trying to get out.
They bought the dip because they trade premarket then they sold to a bunch of retail investors trying to jump on the ship when the market opened, a story as old as after and pre market has existed.
They replied with their rebuttal to this comment to me and not to you, apparently because I admitted you know more than me, which is a frankly bizarre chain of logic that makes no sense to me. Apparently they know everything about what’s going on inside our minds and they can therefore make all sorts of judgements about who is worth replying to, but I’m more interested in the actual facts.
“Rich people made money” is a given under capitalism, it’s just a question of how.
In this case it’s called disaster capitalism. Any disaster or crisis, no matter how small, creates an imbalance and flow of resources, and capitalism is set up to funnel that flow to the already wealthy.
As to the details of the specific case, the other answer you got seems to know more than me about it.
You are using big words to try to sound smart, without understanding the specific details of the situation. There’s more than one group of “rich people” trading in the early market. Some are buying and others are selling. They are just moving money back and forth within the same “class” (as you understand it).
The other guy is wrong because in a situation like this there are very few buyers in the early market. He focuses only on the “rich” buyers and ignores the larger group of “rich” sellers trying to get rid of their shares. It’s much more likely that most “rich” sellers waited until the market opened because they didn’t want to sell while it was thinly traded.
So if you care about “classes”, the “rich” generally lost money because the company they already own went down in value. Maybe a few people bought at the bottom and sold when it went higher, but that was neither a large percent of “rich” investors nor a guaranteed return.
I’m explaining it to you because the other comment has a low level understanding of the specifics, while you admit you don’t understand. It’s more dangerous to think you understand something than to know your limits. I can trade in early / late markets but don’t because they have no one else there. The market has few other participants and that makes it too choppy.
I use my words to communicate my thoughts the best I can. If you think you can read my mind and tell me otherwise then I believe you don’t understand how reality works on a very basic level and thus your assessment of reality is worth very little to me.
If you want to teach me something you can prove it by linking me something verifiable. I’m not trusting the word of someone who thinks they’re psychic.
I don’t hold out hope for your reply, sorry to say. You went on the offensive so fast and I’m not being terribly friendly about it, so I doubt you’ll change course.
The rich who were selling at the time wouldn’t have sold at a loss (they would be those who bought while the price was even lower at another point in time, which could have been this year since in January or was trading at about 250 and it dropped to about 290 due to this week’s events), other rich people bought the dip and sold the same day to day traders trying to make a quick buck.
Imagine having to extend you car with plates at the top, because there is not enough room for you psychotic scribbles. Then leaving a shit ton of white space at the bottom.
I did the same for Gotye - Somebody that I used to know. I thought it was such a frustratingly terrible song, I couldn’t help but mock it when it came on. I genuinely thought I was living in a world full of people lying when I’d be at a party and others would say they loved it. For like 2 years I was just like “you’re kidding right?”
I don't know the name of it, but the one that goes "it's all about that bass, no treble".
These were both extremely popular at the same time at a point when I was frequently going to the gym. If I spent 90 minutes at the gym, I would hear both of these songs three times. I absolutely cannot stand them. I disliked the second one from the beginning and didn't care for the first, and then I heard each of them dozens and dozens of times over just a couple of months.
You reminded me about that one Green Day song that played on the radio every ten minutes throughout my entire childhood. Boulevard of Broken Dreams. To this day I cannot listen to any Green Day song.
This truck is on to something. I asked my dog if she put a nano chip on my body and she said no, but it sounds like something the huskies next door would do.
I’m afraid your dog has lied to you. We had a pretty husky back when I was a kid, before she became a farmer, and I can confirm that Huskies are incredibly stupid. Your dog wants to use the Huskies as Patsy’s for their own nefariousness.
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