Saturday, June 2, 2012
I didn't get to where I am without being petty and vindictive
One month ago, to within a matter of hours, somebody on r/eve asked if he and/or she should invest in zydrine. At the time the post was made, zydrine had fallen from the initial peak of 1900 down to 13-1400. The reasoning was that it would rise in the long term.
He received conflicting advice:
Hedging my bets as strongly as the english language allows, I told him not to buy.
In no uncertain terms, another person told him to buy.
So what ended up happening in the intervening month?
I'm definitely not always right, and I don't trust myself enough to put my money in something even when I am confident, but somewhere out there somebody is very glad he took my advice instead of the other guy's.
Of course, the price is still higher than it was before the announcement, and it may well remain so. Assuming Guilane cashed out today instead of continuing to chase a sunk cost, he has made a net profit of around 2 billion.