My fav WSB hall of fame moments are probably the guy who lost $4m (incl f&f money) trading VIX and the guy who made what something like $10m on Tesla puts
Printable View
Highly entertaining stuff. Showing my age, but the sorts of things being posted there reminds me of:
1. Des Guthrie's TV advertisements after the 1987 sharemarket crash;
2. the inch-thick offer document for Equitcorp's capital raising in late 1987;
3. the Australian broker who described Rothwells as "blue chip;"
and a whole lot of other lessons from the trenches.
I see property “gurus” admitting they are relatively new to shares but full of great advice and obviously looking to build another following of sheep to the slaughter.
But level 4 extensions .. no idea of how long level 3 will be ... and AIR still climbing. All aboard.
Seems Virgin Aust going into administration
it seems likely -
https://www.abc.net.au/news/2020-04-...vency/12165550
"Virgin Australia pilot calls for a last-minute lifeline as company approaches insolvency"
Was the first one the guy who basically exposed a big flaw in Robin Hood risk management? Or am I thinking of the wrong one:
https://www.reddit.com/r/OutOfTheLoo..._and_1r0nyman/
Behind the Paywall (pasted from Google search):
Virgin Australia: Airline faces voluntary administration www.theaustralian.com.au › business › dataroom
25 mins ago - Virgin's Australia has been placed into voluntary administration after a board meeting on Monday failed to secure a white knight backer.
The articles are reading like Morrison’s government wants another competing airline in Aus but other businesses take priority and they are waiting to see where all the chips end up.
might not be the last we see of Virgin (and I hope not) it’s always good to not have a monopoly in business.
If they could see some future advantage it represents an opportunity for Lee Kuan Yew Airlines to eliminate their fellow shareholders from the register for a knock down price.
Any of their fellow shareholders seeking to raise money to increase their stake in a bust airline would have their financier instructing a flunkey to release the hounds.
Boop boop de do
Marilyn
PS. Richard Branson of Virgin is trying to raise cash to shore up Virgin Atlantic. A completely different company to the under arm namesake.
https://www.dailymail.co.uk/news/art...d-bailout.html