Marius looks around the room. He and his friends dared to dream and fight back. They fought bravely and with justice in their hearts. But they were brutally cut down. All his friends are dead and gone. He wonders if all their efforts and talk of revolution were for naught. And really there is no answer.
I think back on how many revolutions, no matter how just, were crushed by sheer power. The Arab Spring and Hong Kong protests come to mind. And I think that’s what happened here in the markets.
I finally tapped out and sold my GME, AMC, and NOK.
120 shares of Gamestop at $59.40 (loss of 80% or $30,400)
4000 shares of AMC at $7.265 (Gain of 59% or $11,000)
4000 shares of Nokia at $4,361 (Loss of 15% or $3,120)
Total damage is about USD $22,500.
Sorry I couldn’t be diamond hands. Holding on to GME and AMC was sucking up too much of my time and emotions. But now that I have sold, the market will finally be able to turn around.
I have always shared my transactions honestly, good or bad. And I’m not going to lie, it is painful and humbling to endure such losses. I would want to go over my thoughts on this, but its almost 4am.
Going to try now to get some sleep.