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.
A man orders bat at his favorite restaurant
A man orders bat at his favorite restaurant.
3 years later,
NFLX fucking tanks 20% after earnings.
A man orders bat at his favorite restaurant.
3 years later,
NFLX fucking tanks 20% after earnings.
No name calling
I just had a conversation w a π that didnt resort to name calling... We just spoke our peace and wished ourselves good luck and now i dint know what to do with myself.
I think im going to go back and call him a bitch.
I just had a conversation w a π that didnt resort to name calling... We just spoke our peace and wished ourselves good luck and now i dint know what to do with myself.
I think im going to go back and call him a bitch.
GameStop vs Amazon
iβm not sure how up to date you are on the whole GameStop situation but Amazon is heading for bankruptcy and GameStop is now their biggest competitor.
market cap isnβt there yet, but the company plan is on track.
also Jeff Bezos is the target of every major corporation now.
Amazon CANT survive the next few years with their increasing bad reputation from littering and burning unused inventory to labor rights with their workers being violated.
Amazon sounds great, until you look underneath the hood and see all the parts are grinding and screaming.
GameStop is targeting Amazon to be the epicenter of e-commerce/gaming.
this GameStop earnings has been MASSIVELY anticipated and i believe Amazon will continue to develop a negative correlation to GameStop.
so what do they have to do with each other? competitors and GameStops about to make the move with a bite to the jugular.
iβm not sure how up to date you are on the whole GameStop situation but Amazon is heading for bankruptcy and GameStop is now their biggest competitor.
market cap isnβt there yet, but the company plan is on track.
also Jeff Bezos is the target of every major corporation now.
Amazon CANT survive the next few years with their increasing bad reputation from littering and burning unused inventory to labor rights with their workers being violated.
Amazon sounds great, until you look underneath the hood and see all the parts are grinding and screaming.
GameStop is targeting Amazon to be the epicenter of e-commerce/gaming.
this GameStop earnings has been MASSIVELY anticipated and i believe Amazon will continue to develop a negative correlation to GameStop.
so what do they have to do with each other? competitors and GameStops about to make the move with a bite to the jugular.
Cathie Wood owns 100% of palantir and 110% of Tesla
December 2021. Cathie Wood owns 100% of palantir and 110% of Tesla (Elon Musk invented a more efficient form of security). ARK ETFs are trading at minimum $1,000 a share and investors are signing 10-year pledges just for the privilege. I log on to my Tesla taxi app and order a car. A vintage Roadster pulls up with EDM playing at a tasteful volume.
"Where to, King?" asks the anime girl on the console. "You know where", I reply. Palantir knows.
We both laugh and the car takes off to Wendys.
December 2021. Cathie Wood owns 100% of palantir and 110% of Tesla (Elon Musk invented a more efficient form of security). ARK ETFs are trading at minimum $1,000 a share and investors are signing 10-year pledges just for the privilege. I log on to my Tesla taxi app and order a car. A vintage Roadster pulls up with EDM playing at a tasteful volume.
"Where to, King?" asks the anime girl on the console. "You know where", I reply. Palantir knows.
We both laugh and the car takes off to Wendys.
I used to be a real ad