Because I work for a big Wall Street firm, I'm limited on what I can write here. But here's a story you may enjoy.
Posted: Feb 04, 2025
- Wall Street firm experienced the dot com bubble in the late 1990s
- eToys was an online toy retailer that IPO'd in January 1999 for $20/share
- Stock price closed at $76 on first day
- Client wanted to buy 1,000 shares at $80,000 but was advised to buy 50 shares at $4,000
- Client still lost all money when eToys went bankrupt, lesson learned about investing and speculation
What do people on Reddit think?
🚨 Reddit sentiment: mixed - Comments are not directly discussing stocks but more about general market sentiments and the personal experiences of the poster. Nostalgia and mixed outlooks suggest a balance between positive and cautious perspectives. Summarized comments: - Nostalgia for the old market days when trades cost more - Some curiosity about what happened after the story told - Reverse comparison to a 'Wolf of Wall Street' type story - Speculation on whether current market conditions are euphoric, like AI or the general market - Acknowledgment of pressure to chase higher returns but resistance to it - Thankfulness expressed for being a good broker and maintaining client-first interests over personal gains - Humor about buying puts on stocks bought personally
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!