The Return of Penny Stock Stupidity (and Why You’ll Lose Again)
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Why do I care? Honestly, investors are just stuck on stupid. Come on, people. Honestly, anyway, another SPAC, Chalmouth SPAC coming out. Listen to this one. The American Exceptualism Acquisition Corporation. Yeah, we told you about SPACs. We warned you about SPACs. You got crushed.
in SPACs. Again, like the general, I forget his name, there was some general or I don’t know who he was. This is back during Katrina going off on reporters. What are you stupid? Stupid? Oh, he’s stuck on stupid. Yeah, investors are stuck on stupid. Anyway, he actually I’ve never seen this before. He actually put this in his prospectus. I’m going to read it to you.
This investment is a quantum of capital they can afford to completely lose. And if they do lose their entire capital, they will embody the saying from President Trump that there can be no crying in the casino. Never, ever, ever, ever, ever in my entire life have I ever seen that in a prospectus. At least he’s being honest. Again.
He’ll get plenty of people to dump money into his nonsense. Again, Chalmett’s gonna make a fortune. The buddies, why would he stop doing this? Again, I could never do this, okay? But certain people can, nothing he’s doing is illegal. It’s gross, it’s disgusting, but it’s not illegal. And if people are gonna continue to pour money into his nonsense, well sure.
You’re going to just keep taking it. But let’s let’s go through some of Chalmets. Chalmets, Palpatia’s SPAC, he’s the SPAC king. His special purpose acquisition companies. Yeah. This is this a performance here. Virgin Galactic. Yeah, they’re down 98.5 percent. Open Door Technologies, they’re down 68.
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Pro kidney down 76.4%. Hey, why not? Hey, just keep sticking with this nonsense. Again, what does this back? Well, basically, you give him money and he does whatever he wants with it.
You give him money and he’s gonna do whatever he wants with it. If it works out great, does it? You lose. You know, on the same front as investors being stuck on stupid, guess what’s popular again is trading in penny stocks. Yeah, yeah, it’s back. The old boiler room stuff is back and investors are losing billions of dollars.
Again, I don’t know what to tell you. I really don’t. got been, you like said, you gotta put yourself in my position. It is a bit frustrating. You know, I keep pushing that rock to the top of the hill, keeps rolling right the frick back down on top of me. Because again, investors are stuck on stupid. I don’t know why I feel bad for you. Honestly, I don’t. I don’t, you don’t, listen.
You don’t listen. You think you’re going to hit it big quick. You’re not. You’re going to lose. Watchdog on wallstreet.com.