Oh my gourd, I am financially ruined (agricultural futures)
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
I need Tesla to go $3k eoy
Ran out of condoms and told my gf I'm a pull out king. Went in raw and found out I'm king of shit. She now preggo and I need Tesla to go $3,000 eoy.
Ran out of condoms and told my gf I'm a pull out king. Went in raw and found out I'm king of shit. She now preggo and I need Tesla to go $3,000 eoy.
game of doctor
when i was like 12 my neighbor invited me over and we played a game called βdoctorβ basically he took his pants off got fully erect and asked me to examine it. donβt even remember what happened after that. anyways BFT to the moon
when i was like 12 my neighbor invited me over and we played a game called βdoctorβ basically he took his pants off got fully erect and asked me to examine it. donβt even remember what happened after that. anyways BFT to the moon
Is that insider trading?
If you're a passenger on a newly recertified 737MAX and it starts to nosedive into the sea so you buy shitloads of BA puts over WiFi before impact, is that insider trading?
If you're a passenger on a newly recertified 737MAX and it starts to nosedive into the sea so you buy shitloads of BA puts over WiFi before impact, is that insider trading?