3318 No wonder they killed Wall Street Bets... they cost the criminals 14 B-I-L-L-I-O-N (media.patriots.win) posted 76 days ago by Doochebag 76 days ago by Doochebag +3319 / -1 173 comments share 173 comments share save hide report block hide child comments Comments (173) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 66 ▼ – ProdigalPlaneswalker 66 points 76 days ago +67 / -1 They shorted a penny stock. Low upside. Unlimited downside. If the stock had gone to zero the most they could make was around $200 million (or $0.2 billion). Let me write this out with the zeroes for better visibility. Potential gain: $200,000,000 Today's Loss: $14,300,000,000 permalink save report block reply ▲ 2 ▼ – TheJamesRocket 2 points 76 days ago +2 / -0 Wow. Those hedgefund guys just made the biggest mistake of their careers. permalink parent save report block reply
They shorted a penny stock.
Low upside. Unlimited downside.
If the stock had gone to zero the most they could make was around $200 million (or $0.2 billion).
Let me write this out with the zeroes for better visibility.
Potential gain: $200,000,000
Today's Loss: $14,300,000,000
Wow. Those hedgefund guys just made the biggest mistake of their careers.