Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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You are licking the boots of vulture capitalist billionaires who have made money by speculation and promoting the destruction of companies and 10’000’s of jobs. They made this over leverage on shorts, it has been free money for them, only they over played it.
Stocks haven’t been based on their fundamental values since the 80’s. GME is massively over shorter, hedge funds didn’t think anyone would notice, we did, now they have to pay the price because they are forced to purchase it.
Soldato
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The main indices have taken a dive today. The cynic in me thinks it's related to shorters liquidating their other positions, but who knows
Soldato
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The main indices have taken a dive today. The cynic in me thinks it's related to shorters liquidating their other positions, but who knows
Generally the markets are down. Bloomberg was showing market performance by month over the years. February is usually a red month for the markets overall. Markets are up 2-3% for Jan.
This Reddit war on Wall Street is stupid. 10% of them are going to come very well out of it, 20% will come out not bad, 30% will break even and 40% will lose.
The shorters they're waging war against will have some short term pain, sure. But if there is one thing that's true in this world, especially on Wall Street, it's that the rich and powerful will be looked after and will recover leaving the everyday man to pick up the pieces. The people who've put their pensions/savings in a S&S ISA that have to take the pain, the people who were too stupid to realise they shouldn't go all in with GME and now won't be able to afford to pay for essentials because they got caught up in the hype, the small businesses who can't get investment because banks are trying to cover their losses from this.
It all has a knock on effect and ALWAYS comes back to the general public to pay for one way or another.
The shorters they're waging war against will have some short term pain, sure. But if there is one thing that's true in this world, especially on Wall Street, it's that the rich and powerful will be looked after and will recover leaving the everyday man to pick up the pieces. The people who've put their pensions/savings in a S&S ISA that have to take the pain, the people who were too stupid to realise they shouldn't go all in with GME and now won't be able to afford to pay for essentials because they got caught up in the hype, the small businesses who can't get investment because banks are trying to cover their losses from this.
It all has a knock on effect and ALWAYS comes back to the general public to pay for one way or another.
Soldato
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What I don't understand is why once the market is closed, this stocks rockets up. Consistently each night it goes way up, and then just before open its back down again. What was it last night. 450? The night before 470, open 315.
Fine but then why does it spend the day just hovering around 340.
Someones buying in the night to push it that high, yet not in the day.
Fine but then why does it spend the day just hovering around 340.
Someones buying in the night to push it that high, yet not in the day.
Like I said, i'm sure it will come out in the wash what people have been doing.
Institutional investors know what effect their actions will have on the markets and are very obvious figureheads. A few (hundred) thousand small fry whacking money on a stock and pushing the price up is not such an easy pin. I don't know the ins and outs of the law but I have 0 sympathy for anyone involved in this on any side when they lose money.
The more interesting stuff is how the people in the middle of all this have acted and how the hedge funds have tried to escape their predicament. Thats far more likely to have repercussions.
The only way this will change is if the everyman gets involved and starts to have a better understanding or even just an interest in the financial world and says "no, thats not right".
The financial world is a cesspit of scumbags at the upper echelons and like you say, when it all goes wrong there is only even one person on the hook, the poor and middle classes.
I bet no one ever shorts a company to a large percent ever again, it will be seen as one of the most reckless things hedge funds ever did.
anyone messing with meme stocks etc should do a practice account first to learn how to read when you missed the pump, if you don't catch the initial pump your losing money 70% and if your unlucky and bought he peak before the first dip, you better start averaging down fast.
with most these stocks it becomes obvious when everyone is trying to average down and get out
NOk, BB and I reckon AMC is just people trying to avg down now.
if you don't have enough funds to average down before most others your basically wrecked
yea and the majority of retail investors have no access to pre/after market to make it easier
anyone messing with meme stocks etc should do a practice account first to learn how to read when you missed the pump, if you don't catch the initial pump your losing money 70% and if your unlucky and bought he peak before the first dip, you better start averaging down fast.
with most these stocks it becomes obvious when everyone is trying to average down and get out
NOk, BB and I reckon AMC is just people trying to avg down now.
if you don't have enough funds to average down before most others your basically wrecked
Soldato
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Decided to sell most of what I have now. I should have sold earlier today but that's part of the game right. About 2.5k profit, was up 10k at one point.
Still believe in it's ability to jump up more, I just didn't want to leave it over the weekend if it drops right down and I'm still holding.
If it does drop though I will jump back in.
Still believe in it's ability to jump up more, I just didn't want to leave it over the weekend if it drops right down and I'm still holding.
If it does drop though I will jump back in.
Soldato
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Robinhood restricting trading to GME again
Soldato
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Yep. Which isn't exactly a bad thing if it means many are just staying put and not selling. It can hover around 330 for the next week and that'll result in a good sell price when the shorts are bought back.
This dip has been discussed all today on reddit as expected so seems it's all going to some plan, but what worries me the most is how tired people are with this and how it will seem like the ship has sailed, so no new money jumping in, just a negative feeling towards it all rather than a dream of big gains, especially now that it seems the big guys are really doing well to slow things down.
Perhaps I'm wrong. This is all such a roller-coaster one minute it's all great, another feels like why oh why didn't I sell already. Another is of course it was just a dip, back on track. All over the blooming place.
The limit was 5 shares earlier. They've reduced it moreRobinhood restricting trading to GME again
Yeah. I’m down to around£400 profit from around £800 and find I’m just watching the volatility rather than relaxing on a Friday night!