HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Attn non-billionaire SPID9 purchasers: Great news! After two strong days, you are nearing a break-even point on your unwise investment!
SPID9 has risen nearly $H10 since Sunday, one of the stronger gainers.
You paid H$3.50 commission to purchase SPID9. You will pay another (larger, ideally) commission to sell it. You also paid commission when ditching securities to raise cash to purchase SPID9. Let's be charitable and call the aggregate H$10.50 per share. To break even after transaction cost . . . you're almost there! (Well, disregarding the opportunity costs associated with investments offering a substantially better daily return.)
For any portfolio worth materially less than H$4.5 billion (roughly the current cost of owning the entire HSX investment universe), SPID9 was a predictably bad investment -- but one that can provide valuable lessons concerning commission costs, daily return on investment, and opportunity costs.
Good luck at the exchange!
Attn non-billionaire SPID9 purchasers: Great news! After two strong days, you are nearing a break-even point on your unwise investment! Feb 21, 16:21
Those SPID9 shares held short may be an even less attractive investment (except for the largest portfolios/completists) Feb 22, 09:42
Right now there are 99m shares held long, that's just over 650 people at max shares. Feb 28, 17:08
Portfolio in the Trash Mar 10, 12:37
Not uncommon and something that, if you are prepared for it, can make one a substantial profit. {nm} Mar 10, 13:01
Prepared? Mar 13, 21:46
And hope you don't get trampled {nm} Mar 14, 19:50
