Stocks: War Story about GD Culture Club (GDC)
Posted: Sat Aug 24, 2024 1:08 am8/22/24 (TH): This is an absolutely wild story about the GD Culture Club (Ticker: GDC) stock I sold today. I sold a modest 500 shares and made a tiny profit of just $14.82. That doesn't begin to tell the story.
Just 2 days earlier (on 8/20/24) my unrealized loss was a whopping 81.3% ($3,030). I didn't sell then, but kept holding on. The stock had to go up a whopping 438% in just 2 days for me to get out with a profit!
At the low point (4/16/24) my unrealized loss on GDC was even bigger. On that date is was a 92.2% ($3,435.00) loss.
Note that I traded this same stock 3 other times in May, 2023 and earned profits of $1,375.39, $974.90 and $985.89, respectively. So the total profit on all 4 trades combined was $3,351.00.
Two other times the stock went nuts.
On 4/28/23 (F) it closed at $2.50 with only 21k shares traded. The VERY NEXT DAY (5/1/23- M) it hit $44.00 and traded over 12.3 million shares.
And back on 2/17/21 GDC hit a whopping $348.60 after being $21.00 on 10/6/20. Over the next 3+ years it fell from $348.60 to just 58 CENTS on 4/16/24.
There was no apparent news to cause this 8-employee company's stock to move so wildly.
Just 2 days earlier (on 8/20/24) my unrealized loss was a whopping 81.3% ($3,030). I didn't sell then, but kept holding on. The stock had to go up a whopping 438% in just 2 days for me to get out with a profit!
At the low point (4/16/24) my unrealized loss on GDC was even bigger. On that date is was a 92.2% ($3,435.00) loss.
Note that I traded this same stock 3 other times in May, 2023 and earned profits of $1,375.39, $974.90 and $985.89, respectively. So the total profit on all 4 trades combined was $3,351.00.
Two other times the stock went nuts.
On 4/28/23 (F) it closed at $2.50 with only 21k shares traded. The VERY NEXT DAY (5/1/23- M) it hit $44.00 and traded over 12.3 million shares.
And back on 2/17/21 GDC hit a whopping $348.60 after being $21.00 on 10/6/20. Over the next 3+ years it fell from $348.60 to just 58 CENTS on 4/16/24.
There was no apparent news to cause this 8-employee company's stock to move so wildly.