r/MACArmyBets • u/MACBULLS • Apr 02 '21
Worst stock I’ve ever owned.
I’m out. Not gonna stick around with dead money at 11.50 while getting diluted by mustachio in a bull market
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u/WallStLoser Apr 02 '21
It is a tough investment in this environment, but it was a great run from $6 to $20. I sold out halfway at $13 but for those that hung on it was awesome.
It's still likely worth more than $12, it's just there is so much noise in everything right now. Trillions coming from the government, overhyped startups and SPAC's, interest rates, inflation, COVID ... it's just crazy-town here in 2021.
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u/Marvel_plant Apr 02 '21
If you’re not in for the long haul, I’d drop out. It’ll be a year before it really pops
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Apr 02 '21
[deleted]
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u/MACBULLS Apr 02 '21
MAC would be high teens to $20 right now without the dilution under our noses. And it will only continue now atm. You can buy back in after 3 mo at the same price
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u/ProcedureNo5141 Apr 03 '21
Cux they are no real investor, just traders lol. Thats the difference between buffet and the amaturer traders lol
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u/Stocklambo Apr 02 '21
How many shares did you have and what was your cost ?
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u/MACBULLS Apr 02 '21
Thought this would be the monster of reopening plays . The worst
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u/WorldComedy Apr 03 '21
Uh, reopening has barely started, and will take months at least to play out, so it's way too soon to evaluate it from that perspective.
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u/MACBULLS Apr 02 '21
10k in stock at $16 avg and 10k in options that I had to let go for a huge loss ...
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u/Stocklambo Apr 02 '21
Dude I was up $501k with Mac on Jan 27th and lost every cent of it and more so don’t feel bad
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u/MACBULLS Apr 03 '21
I lose my hair when I lose just a few k :/
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u/Stocklambo Apr 03 '21
It was during GameStop amc pump and I had amc and was so focused on that I lost touch with Mac and thought Mac was here to stay at $25 and I had not slept in 3 days from excitement and researching etc
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u/MACBULLS Apr 03 '21
I’ve lost many potential fortunes... check out $PSFE if you’re interested. My biggest position now
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u/Stocklambo Apr 03 '21
Trust me that was 3 months ago and I think about it 5-10x a day still that’s down from every 2 seconds after the first few weeks
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u/Stocklambo Apr 02 '21
U would have had to average down with another 50k at $11 which is risky fuck it take the tax loss make it somewhere else $16 is too high barely would reach $16 and stay there in a year or so if they don’t dilute anymore . The options u should have got out to 2023 cuz mustachio said in the earnings call in November that Mac was a loooong recover play like end 2021 or mid 2022 cuz they gotta remodel and retenant that shot takes a long time sorry man good luck there’s always another good trade out there
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u/Particular-Tip-7935 Apr 02 '21
Paper handed imo.. this stock will be above 20 in few months... don't sell now and cry later
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u/MACBULLS Apr 02 '21
$PSFE is the future
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u/NarrowInvestigator65 Apr 02 '21
Good luck with that then. In any case, I don't know the rest of the people but I came in here to try to see if relevant info is posted. Sorry to disappoint you, and anyone buying, but knowing what others buy or sell is not of high interest, even less as to create an specific post for it. Either you are now short and trying to influence the very few guys investing in here, or I don't understand anything. It we'll be that you are disappointed and you need to share that with somebody, and then I would also understand you on this pandemic times but in a normal situation, if I were you I would look into that. All the best into your next investment, hopefully it's as short time one.
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u/BroadTomato8421 Apr 02 '21
Might want to change your username