Trading the stockmarket (NO Referrals)

booyaka said:
Whilst it's very good "entertainment" - it's also crazy.

Reddit has people all over it throwing in their monthly rent, their college grants etc. Good luck to them in one sense, but when it comes to selling time, it will be a horror show.

Whilst it's interesting to see the "experiment" - I do worry longer term that a relative small group of people can force such a huge shift in a stock price. Pension funds and alike rely on stability and steady growth and these wild spikes in share prices will not help the majority of people long term.

Good luck to those involved, but I'm firmly sitting on the sidelines watching this.
Click to expand...

Is it a small group of people though? The board is now 2.9m strong. Even if just 5% of them are invested that is a lot given that some are hundreds of thousands of $ in. Plus then you've got the likes of Virgin Galactic CEO investing.



mid_gen said:
WSB has never pretended to be anything other than a bunch of kids making memes. There's no analysis of anything, it's just pick a ticker, and YOLO.

It's pretty crazy that it's hit enough coverage to be moving the markets though....gotta wonder what the SEC is going to do about it.
Click to expand...

I've actually seen some long an detailed analysis, far more than you'll ever see here. You have to look for it though between the millions of kids investing their loans.
 
I've thrown a small punt into Virgin Galactic just to see if the same happens. Although that's already gone pretty high.

GME at 306 feels tempting to sell. The spread is around $25 though which isn't ideal!
 
You must log in or register to reply here.
Back
Top Bottom