I am financially ruined (short selling Korean fried chicken companies)
I have lost everything, and I'm not sure how to continue. This week I lost $472,085 short selling Korean fried chicken companies. My idea was with the declining Korean population, and the recent trend towards healthier eating and vegan diets, there is an opportunity here. I did some research into consumer trends in Korea and determined that this would be a lucrative play. So I shorted Korean Chicken companies across the board.
Unfortunately, earlier this week Nvidia CEO Jensen Huang dined out at a Korean Chicken restaurant called Khanbu Chicken in Seoul, and pictures went viral of him enjoying fried chicken and beer. Stocks of chicken companies in Korea soared 20-30% and I was margin called. Everything is gone.
I don't know how to continue. How could I have not known that Korean fried chicken is the future of artificial intelligence?
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Just yolo the remaining into calls and make it all back 😊