Trading the stockmarket (NO Referrals)

arknor · 29 Jan 2021 at 15:10

CATB announced an aquisition https://www.businesswire.com/news/h...ounces-Acquisition-of-Quellis-Biosciences-Inc.

its up 100% so far could be risky though but less so than a pump and dump meme

found out about it on youtube btw watching the tickers people spam in the chat and googling them
https://www.youtube.com/watch?v=0mlheZHcvTQ&ab_channel=LiveTradingbyTraderTVLive

Trig · 29 Jan 2021 at 15:17

Rex-Kramer said:
Don't be a ******* the simple fact is they will take my money if i lose my bet, but i can't close it because of their platform failure. So it is their mistake to rectify.

Their system can't handle the traffic, true, but there will no doubt be something in the T&C's that negates their responsibility for that.

Krono5 · 29 Jan 2021 at 15:21

Decided to sell the rest of my GME, it's halted in the 300-400 range the past 2 days so I no longer have confidence it'll continue to rise although it wouldn't surprise me as the squeeze has not squoze yet. Finished on £28k from £5k original investment so still a big win. Gonna have to look into capital gains tax now as it wasn't in an ISA.

fez · 29 Jan 2021 at 15:22

Trig said:
Their system can't handle the traffic, true, but there will no doubt be something in the T&C's that negates their responsibility for that.

Like all things, its not possible to be fair. The only thing you can hope they do is not cheat and lie.

We all saw what happened when the PS5 was launched.

The sheer amount of traffic they will be encountering is huge and then they will be depending on other services to communicate with their own and any issues in any of those services could simply be reflected as an apparent error on IGs part.

If your normal traffic peaks at 10k requests per second and you are suddenly getting 100k then you are pretty ****** unless all you are doing is data delivery and can scale easily.

Ahleckz · 29 Jan 2021 at 15:23

Krono5 said:
Decided to sell the rest of my GME, it's halted in the 300-400 range the past 2 days so I no longer have confidence it'll continue to rise although it wouldn't surprise me as the squeeze has not squoze yet. Finished on £28k from £5k original investment so still a big win. Gonna have to look into capital gains tax now as it wasn't in an ISA.

Made any losses this year? You can offset it against that I believe?

kakarott · 29 Jan 2021 at 15:24

Krono5 said:
Decided to sell the rest of my GME, it's halted in the 300-400 range the past 2 days so I no longer have confidence it'll continue to rise although it wouldn't surprise me as the squeeze has not squoze yet. Finished on £28k from £5k original investment so still a big win. Gonna have to look into capital gains tax now as it wasn't in an ISA.

Nice. How much did you buy in and sell for?

413x · 29 Jan 2021 at 15:28

Krono5 said:
Decided to sell the rest of my GME, it's halted in the 300-400 range the past 2 days so I no longer have confidence it'll continue to rise although it wouldn't surprise me as the squeeze has not squoze yet. Finished on £28k from £5k original investment so still a big win. Gonna have to look into capital gains tax now as it wasn't in an ISA.

Extremely sensible. That's some serious gain.
I expect that's why the price is doing what it's doing now.

Rex-Kramer · 29 Jan 2021 at 15:29

Finally got in IG now can’t use it says to call. Brilliant service!

tlrBeta · 29 Jan 2021 at 15:29

arknor said:
found out about it on youtube btw watching the tickers people spam in the chat and googling them
https://www.youtube.com/watch?v=0mlheZHcvTQ&ab_channel=LiveTradingbyTraderTVLive

Which ones?

Sooooo many - I think I will be keeping to my shares I already hold.

mid_gen · 29 Jan 2021 at 15:32

Krono5 said:
Decided to sell the rest of my GME, it's halted in the 300-400 range the past 2 days so I no longer have confidence it'll continue to rise although it wouldn't surprise me as the squeeze has not squoze yet. Finished on £28k from £5k original investment so still a big win. Gonna have to look into capital gains tax now as it wasn't in an ISA.

Good job...this is the smart money!

Don't be left holding the bag, leave that to the memelords.

ianh · 29 Jan 2021 at 15:34

My favourite part of all this GME stuff is that, Michael Burry who predicted the 2008 crash way before most others (played by Christain Bale in "The Big Short") yet again predicted this fiasco and got in early for a killing - and how did he predict this again - he just did what few other people did at actually checked the raw data rather than having "blind faith" when everyone else was saying this is OK.

https://markets.businessinsider.com...s-day-traders-iomega-stocks-2021-1-1030019077

Krono5 · 29 Jan 2021 at 15:36

413x said:
Extremely sensible. That's some serious gain.
I expect that's why the price is doing what it's doing now.

I imagine the market cap is so high that retail can't force it up much more as most are already fully invested and holding.

Ahleckz said:
Made any losses this year? You can offset it against that I believe?

Unfortunately/fortunately no, maybe I could sell my Xpeng as I took profits when it hit ATH and bought back at $66. tis only a small amount so the offset may not be worth the hassle and exchange fees/spread to buy back in.

kakarott said:
Nice. How much did you buy in and sell for?

Originally bought in for $17.83 and sold at $34 after it's first surge up. Then bought back in at $102 and have been holding ever since.

The funny thing is, as a value play GME is actually a good company with the new console cycle and the move towards Ecommerce. It was unbelievably short at $4 (<$250m market cap) or whatever for a company with a couple Billion in cash reserves and the new console cycle. In terms of fundementals it's easily worth $40 a share without all this craziness.

413x · 29 Jan 2021 at 15:39

Krono5 said:
I imagine the market cap is so high that retail can't force it up much more as most are already fully invested and holding.

Unfortunately/fortunately no, maybe I could sell my Xpeng as I took profits when it hit ATH and bought back at $66. tis only a small amount so the offset may not be worth the hassle and exchange fees/spread to buy back in.

Originally bought in for $17.83 and sold at $34 after it's first surge up. Then bought back in at $102 and have been holding ever since.

At this point it's a lottery.

I always ask.. Who would go in at this level?
I wouldn't.

But it's basically impossible to gauge as there is no reason for it to go up. But who knows. But to double from here. It would have to become the stock market BTC. A store of wealth. I'm not sure if it can

At this point. Btc plummeted and gradually rose to become that store of wealth

Martynt74 · 29 Jan 2021 at 15:40

413x said:
I always ask.. Who would go in at this level?
I wouldn't.

To be fair you were saying the same thing at $100

fez · 29 Jan 2021 at 15:44

413x said:
But it's basically impossible to gauge as there is no reason for it to go up.

Isnt the reason for it to go up that there is still over 100% of shares shorted currently. They have to make good on those at some point. Yes they can hold and hold and hold but all the time they do that they are losing a lot of money and still haven't got out of their position.

413x · 29 Jan 2021 at 15:48

Martynt74 said:
To be fair you were saying the same thing at $100

I was I? I thought I kind of came in at 300.

Maybe not. But I guess that's the point. It's impossible to predict

Trusty · 29 Jan 2021 at 15:49

413x said:
I always ask.. Who would go in at this level?
I wouldn't.

yea, the people getting in now are lemmings.

no offence anyone

Firestar_3x · 29 Jan 2021 at 15:49

Interesting to see how GME plays out legally when all the dust settles.

fez · 29 Jan 2021 at 15:50

Firestar_3x said:
Interesting to see how GME plays out legally when all the dust settles.

They will have excuses a plenty for their behaviour and the right palms will be greased to make sure no one of import faces any consequences. Same as usual basically.

Gaygle · 29 Jan 2021 at 15:51

Cool so hopefully all this stupid GME stuff is over and my other stocks go back green.