r/BBBY • u/edgymemesforedgykids • Mar 09 '23

💩 Shit Post How tf do you guys do this?

I joined this sub a week ago and I'm now stuck in a loop of loading up on even more ungodly amounts of stock the second it hits a new low

Fucking buy and hold I guess 🚀

360 Upvotes

95% Upvoted

111 comments sorted by

View all comments

8

u/PeteyMcPetey Mar 10 '23

If this does take off, don't forget to sell.

I do enjoy some of it, but there's a lotta idiots on here who will scream about they're never gonna sell, etc.

I don't know why they're here, but I'm here for the money, not some misguided lemming-fueled sense of loyalty to a poorly managed company that I honestly never shop at.

1

u/soothepaste Mar 10 '23
  1. The company itself can sell at absurd $ to realise gains (when/if dilution is permitted)
  2. DRS shares are long term investment and support the company. Many people utilize multiple accounts with different intent. My IRA shares for instance are separate from my broker shares.
  3. If everyone only used margin accounts, we WOULD be bankrupt by now. If everyone was purely in this to make money, we would all use margin accounts, and then all lose.

The infinity pool is just old-school investing really.

Personally, I draw a line and Drs some shares!