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madmaxmedia

macrumors 68030
Original poster
Dec 17, 2003
2,938
46
Los Angeles, CA
This actually looks real to me-

http://bgr.com/2017/01/31/apple-earnings-day-trader/
After nearly squandering $2.5 million inheritance on bad investments and poor stock plays, our fearless Montreal-based investor F.S. Comeau decided to use his last $249,000 to bet big against Apple shares rising.

“Basically, he is using what’s left of his stash to bet big against Apple by buying put options that, according to Comeau, could net him upwards of a few million if his prediction holds true,” MarketWatch reports. “But if Apple, which currently sits near $122, trades at $128 or above after the report — poof! — [$249,000] gone.”

The real gold, though, is Comeau’s lengthy Reddit explanation as to why he believes Apple shares will tank following earnings later today. In a post hilariously titled, “Well, this is it: Going All-in. My last stand. My final Yolo. $2M-5M possible payoff”, Comeau details the entirety of his gambling (err, investing) history along with some overarching explanations as to why Apple is doomed.

Live stream (right now)-

His post-
https://web.archive.org/web/2017013...well_this_is_it_going_allin_my_last_stand_my/
 
Guy has until Feb 17 for Apple stock to fall below $128, otherwise he lost it all. His ability to analyze stocks and the short term profitability of companies is so bad that he has lost $2.5 million in 2 years, showing that a fool and their money are soon parted. Since day trading is essentially a zero sum game (less commissions) the smarter people now are 2.5 M$ richer thanks to him. It's likely that this story is fiction though, nobody is that stupid and chooses to broadcast it.
 
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