Here's the next runner. Talked about it a few days ago. Might be too late for you plebes, though.
Watching $CDEV $1.09 - Recent price target raised from $0.50 to $1.50 (UBS) and may announce compliance any day as sp >$1 which could spark this oil stock to run
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At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance.
So when the stock, which was already down 89% for the year, had its trading halted back in April amid an investigation into financial misconduct, the losses were felt far and wide.
But one retail investor with a PG-13 Reddit name took a particularly grievous hit.
Yes, StopFapForever, who claims to be a 28-year-old Italian, shared his brutal market mistake with the bunch on WallStreetBets. He apparently he went all-in on Luckin and lost his entire life savings in the process. “Now I’m broke af,” he wrote, posting this screenshot of the carnage:
Both payroll reports destroyed estimates this week. Non farms came in at 13% unemployment vs 19% expected. The great cyclical mooning will continue! Congrats to anyone holding leisure/travel, industrials, financials, etc [Reply]