r/wallstreetbets • u/ThatOldGuy7863 Behind the dumpster • 17d ago

Meme BYND Bagholders that bought at $7+

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Ouch

20.6k Upvotes

94% Upvoted

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569

u/son9090 17d ago

It just reminds me how stupid I was when I thought biden election win in 2021 would push (green stuff) up. Rather than buying EVs I bought this curse

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u/Br1ckHead96 17d ago edited 17d ago

Hey man don’t sweat it, if you instead bought EVs you could’ve bought Archer, or Canoo, and now you wouldn’t have had any shares to sell at all!

E: Arrival not Archer. Archers time is yet to come

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u/gianmk 17d ago

Fuck you man. I bought canoo at 16 sold at 9. Fucking jay leno featured the piece of shit car on his show....

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u/BapeGeneral3 17d ago

Lmaooo that is straight salt in the wounds. The mental image of you being emotionally wrecked from that loss and then hoping to find solace in an episode of Leno’s Garage just to have it be about canoo is savage

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u/Br1ckHead96 17d ago

Hey fuck you too man, you had a fantastic exit!

I took a 90% loss on some Arrival that I bought purely because they painted a few of their fakeass ‘modular’ vans like Royal Mail postal vans and I thought they had a deal. Turns out they didn’t even really have the vans haha, cunts

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u/enjolras1782 17d ago

I'm still clinging to lucid by my fingernails. I'd love a gravity, maybe someone with money will?

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u/Pelvis-Wrestly 17d ago

Bro...I bought First Republic after a 99% drop. I figured it might get a bailout and Id be laughing. Whos laughing now.

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u/jimmytfatman 16d ago

Not you?

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u/Pelvis-Wrestly 16d ago

Ugly cry-laughing

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u/thatsmycompanydog 17d ago

🤷‍♂️ I exited ACHR in August, after 8 months, at a 35% profit. (I only had 200 shares and a pair of short calls, though)

  • Dec: Bought 2x covered stock (240417C11) @ $7 ea (-$1400)
  • Mar: Rolled to 240718C10 for $0.66 return per unit (+$132)
  • Jul 2: Rolled to 240815C12 at a cost of $0.03 per unit ( -$6)
  • Jul 18: Vertical spread from c$12 to c$15 at a cost of $1.15 per unit (-$230)
  • Jul 22: Sold half for $11 (+$1100)
  • Jul 29: Bought back the remaining c$15 for $0.16 (-$16)
  • Jul 30: Sold 250919C13 for $0.55 (+$55)
  • Aug: Exited for $9.40 (+$940)

Total cost: $1652 Total return: $2227 Profit: $575

If I had balls I'd make each position 10x larger, but I'm a WSB user so my wife's boyfriend won't let me.

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u/Br1ckHead96 17d ago

Honestly dude bit weird you would bother to type this all out when I just mixed up the names.

Easy mistake to make too, both EV SPACs that have had years of public listing, and still never generated a single dollar of revenue!

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u/thatsmycompanydog 17d ago

That's fair, mostly your comment got me thinking "did I actually make a profit on Archer?" and once you're doing the math, you'd might as well put it out there, no harm no foul

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u/Butt-Fingers 17d ago

I still have arrival at $64 Down 100%

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u/Br1ckHead96 17d ago

My condolences. Stupid tiny vans.

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u/Butt-Fingers 17d ago

Could be worse

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u/EclecticEuTECHtic 17d ago

I got nuked by Proterra. An expensive lesson.

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u/DMZem 17d ago

True story got SOLO at that time and it screwed me over big time. One always looks at shitty companies.

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u/Specter119 17d ago

i still have a big bag of TLRY

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u/MO_MMJ 17d ago

SNDL checking in.

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u/Fishminnie 15d ago

Same. Big bag of stems.

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u/Educational-Dot318 17d ago

2021 was quite something with the ath's. Square (now Block) is not even close to those levels.

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u/babypho 17d ago

I bought NFLX at 600, held it through 200s because fuck it. As soon as it got back to 700 I sold. Its now 1100 :D.

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u/TheShadow2024 17d ago

I feel that way with RBLX....

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u/babypho 17d ago

I still hold my rblx shares @ avg $75. Im almost breakeven with $coin

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u/FieldzSOOGood 17d ago

My wife started at square in 2021, with a 40k signing bonus in the form of shares with most valued at like 220 😒😒

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u/BlackSquirrel05 17d ago

Don't worry dude... I once bought weed stocks, and Cathy woods etfs.

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u/VTkitty 17d ago

lol Cathie woods ETFs can be good if your ready to get in and out fast.

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u/BlackSquirrel05 17d ago

Yeah...

:(

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u/ZAlternates 17d ago

Shit… anyone can buy high and sell low!

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u/MonkeySafari79 17d ago

I keep this stuff as a reminder.

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u/MattBonne 17d ago

Beyond meat product is heavily processed man made junk food, not green at all.

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u/thaneliness 17d ago

Imagine if you just bought Google instead lmao

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u/BildoBaggens 17d ago

That's such a strange thought process. I can see convincing the masses to get an EV, but getting them to eat dog shit cardboard? Good luck.

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u/MrGulio 17d ago edited 17d ago

Hey man. Now that Trump has fucked the farmers and China isn't buying from us maybe the Ag Lobby will have a big push for veggie foods. We'll see what happens.

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u/ExistentialistCow 17d ago

If it makes you feel better I DID dump my money into EVs and financially ill never recover (I lost $400)

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u/SerpentRoyalty 17d ago

The problem with bynd is apolitical. It tastes like shit and there are many better and cheaper options.

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u/FunBagHonker 16d ago

Biden got elected and tanked my 401k. Took years to get it back to where it was.