I bought in on some more on Monday's dip...back to INRG actually after my perfect exit at 1400, expecting a bounce. But nope, looks like a more protracted blip this one, so I've eaten the loss and got out. Still up handily after the gains end of last year though. I intend to keep it that way!
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I bought in on some more on Monday's dip...back to INRG actually after my perfect exit at 1400, expecting a bounce. But nope, looks like a more protracted blip this one, so I've eaten the loss and got out. Still up handily after the gains end of last year though. I intend to keep it that way!
Yeah as always I hold on too long.
I'm not in the red. But missing out on these fad rises has hurt both directly and indirectly
I got in and back out on GME, just don't trust it, after all these app frezes etc, took a small loss to get out.
However I made a couple of hundred on both AMC and BB yesterday and got out. I still have 50 AMC shares in play for today, I've only just started trading recently and have no idea what I'm doing really, so just tend to take 100 to 200 quid profit if its available and then go again somewhere else. I'm making money and it's kind of just a fun hobby on an evening while I watch TV with the misses.
Any predictions on AMC today?
However I made a couple of hundred on both AMC and BB yesterday and got out. I still have 50 AMC shares in play for today, I've only just started trading recently and have no idea what I'm doing really, so just tend to take 100 to 200 quid profit if its available and then go again somewhere else. I'm making money and it's kind of just a fun hobby on an evening while I watch TV with the misses.
Any predictions on AMC today?
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I'm in with AMC and NOK so hopefully both good - small numbers but rather not lose considering the rest of my portfolio has dropped a little due to all this.
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https://www.youtube.com/watch?v=4EUbJcGoYQ4
Equally as clueless I watched this last night which made it a bit clearer
Equally as clueless I watched this last night which made it a bit clearer
Soldato
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Hedge funds bought stocks to sell short, Reddit got in on the action and hugely increased the value - hedge funds went all in but were forced to sell at a huge loss.
Reddit people = happy
Hedge funds = not happy
yea some a lot of my stuff dropped since GME.
one is down almost 13% (d7g)and googling I find no reason why apart from q4 earnings is next month but it's still a full month off and the company always had growth anyway.
they literally announced nothing and drop from 3.1 > 2.7 after reaching highs of 3.3 in previous days
I expect it to climb back to 3 since I find no actual news.
I see BP went down because they suck at going green compared to shell also.
I said in here last week they weren't going green fast enough for my liking, seems I was right :/
maybe the share price drop for BP maks them re-evaluate because they obviously know the reason is SHELL spent more on green energy and will transform faster
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This is how I understand it.
Basically lots of hedge fund types placed a "Short", a bet that Gamestop shares would drop in the near future. Effecivly they bought shares undervalued in the expectation the shares would drop even lower than this value and they would be able to profit off the difference.
Redditors knew this and started purposely buying the stock to inflate it away from this predicted drop. If the shares are way above this predicted drop those who predicted it have to pay out the difference.
Makes sense to me, no idea if that helped anyone.
Basically lots of hedge fund types placed a "Short", a bet that Gamestop shares would drop in the near future. Effecivly they bought shares undervalued in the expectation the shares would drop even lower than this value and they would be able to profit off the difference.
Redditors knew this and started purposely buying the stock to inflate it away from this predicted drop. If the shares are way above this predicted drop those who predicted it have to pay out the difference.
Makes sense to me, no idea if that helped anyone.
I'm just going to hold. All of the stocks in my ISA are pretty much long term prospects and as I don't need the money out of them, it's just annoying seeing red. I prefer green
I think I'm just going to stop looking for a while.
Associate
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I’ve got a fairly large Blackberry position. Expecting it to drop on open but hoping it bounces back, if it’s anything like Nokia I’m getting caned.
Soldato
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Just curious - are you guys who are trading GME, NOK, BB, AMC etc using a taxable trading account or are you using a stocks and shares ISA account?
I have NOK and AMC in my ISA (small numbers - £250 spread across both). However, that's assuming the 212 platform decides to work now and then
You don't buy shares when you short.
You borrow them, and sell them, with the expectation that you will be able to buy them back cheaper, return the stock to the lender, and pocket the difference.
Depending on the mechanism they shorted/borrowed with, they may be on a fixed term contract. So once that date comes around, they must buy and return the stock. That expiry date for much of the GME shorts is Friday, hence WSB are trying to keep the price pumped until then, forcing the hedge fund shorts to eat a massive loss.
Of course, at some point, all these WSB people sitting on their paper profits are going to try and cash in and liquidate their positions.....and GME is going to go through the floor.
We're still very much in an extended period where anyone buying stock is seeing easy, large profits. Might well trigger a sell off in the rest of the markets tbh.
Soldato
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Has anyone dipped into Silver? The WSB group seem to be locked on to this and a $1000 price as well.
Soldato
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On the back of what reddit has done I learnt there's more than "buy low and sell high"
Yes, I did think the stock market was only that. I've learnt that there's borrow stocks, you can earn $xxx for every $x over a share price there is. My head is blown and currently struggling to understand it all.
Yes, I did think the stock market was only that. I've learnt that there's borrow stocks, you can earn $xxx for every $x over a share price there is. My head is blown and currently struggling to understand it all.
Short selling is pretty straightforward, wait until you start reading about the myriad various derivatives products
When I was working in investment banks I used to understand it all....but it's been a while now, probably a whole new breed of products these days!