Trading the stockmarket (NO Referrals)

[arknor]

If you don't buy and it jumps to 5k by Friday, you'll be annoyed at yourself for not jumping in as that would be 150k for you by end of week.

If you don't buy and it sinks you'll be glad.

that;'s just Fear Of Missing Out though and how a lot of people will lose money

porsche held nearly all the VW shares it was easy for them to squeeze, with a massive mob is a lot harder to convince people to push the price and keep holding

there's a good chance GME already went as high as it ever will

BTW when the sell of happens the spread won't be a few dollars it will be a massive gap so I hope people aren't thinking the most they can lose is a few quid if they sell fast enough.

 

[unwashed potato!]

Brave.

A lot of people are going to get badly burnt with this, once people stop buying (and thus there's nobody to sell to). You might get lucky with it, or you might not. Can you afford to lose all the money?

Isn't there pretty much always going to be someone to sell to as the stocks have to be bought back by the hedge funds.

 

[unwashed potato!]

that;'s just Fear Of Missing Out though and how a lot of people will lose money

porsche held nearly all the VW shares it was easy for them to squeeze, with a massive mob is a lot harder to convince people to push the price and keep holding

there's a good chance GME already went as high as it ever will

Yes I agree. The message to hold and not give in to fear needs to be on point. I don't think it has been. But it can be.

Robinhood in particular, whether their fault or not, stopping stock really seemed to changed the tone and direction of the stock. It hit 470 per stock ffs at one point. Incredible for a stock with quids a couple weeks ago

 

[Jokester]

Isn't there pretty much always going to be someone to sell to as the stocks have to be bought back by the hedge funds.

Do you think everyone is going to be holding them long enough to do that? The hedge funds have opened new short positions, so unless plenty of new money pours in, the "activist" investors will be scrabbling to get out out once the price starts sliding again.

 

[Noxia]

I think the people who claim they will hold on for the foreseeable are pretty few but just a loud voice on wsb.
I think if it hit even 500 a load of people will sell. My reasoning for this is a lot of people (including me) saw it as a quick way to make a few quid but there are people who would have staked money they can't lose or need for rent etc so they will get twitchy the longer it drags and in some cases will have to sell at a loss regardless.

 

[arknor]

this will be GME sometime soon but the sell off will be much faster down to 20usd or less

can imagine people on WSB discord shouting buy the dip as enron fails

 

[unwashed potato!]

I think the people who claim they will hold on for the foreseeable are pretty few but just a loud voice on wsb.
I think if it hit even 500 a load of people will sell. My reasoning for this is a lot of people (including me) saw it as a quick way to make a few quid but there are people who would have staked money they can't lose or need for rent etc so they will get twitchy the longer it drags and in some cases will have to sell at a loss regardless.

Yes that's a good point. The money put in will be to some serious important needed cash. Friday gone was told as the date and it's gone. Now the word is 'soon'. Doesn't exactly inspire, though it could be very correct and within days things change as people know it is soon and don't want to be missing the moment it rises.

There's also a ton of newbies investing of which I'd have thought these were all small purchases, in few the hundreds at best, so they'd be OK to hold on for a few weeks.

As I've said recently, I hold £4k in a stock I don't expect to get what I want back for 3/4 years. Holding a week more on gme isn't that hard.

 

[Electroshadow]

going to have a 4k punt on this and keep a close eye on it, with the idea of not being too greedy......
its like btc all over again lol, ive done worse on crypto..... at least a GME stock is tangible as such.

Trading 212 has been ok for me over the last 2 years, if anyone thinking of using it.

 

[dowie]

this will be GME sometime soon but the sell off will be much faster down to 20usd or less

can imagine people on WSB discord shouting buy the dip as enron fails

Arguably it should have done that already... but it's people on WSB who boosted it this high and IF sufficient numbers of them were to 'buy the dip' as they're fond of doing in crypto markets, then they could conceivably buffer a fall or boost it up a bit - the people shorting from a much lower price with open positions are still in a fair amount of pain here - could be amusing if more of them need to sell etc..

 

[Daze]

What are the chances of it going to $10k? Surely there's a number of things the hedgefunds can do before it gets that out of control?

 

[Chris1712]

It's basically a war of attrition / game of chicken at this point. Costs money for shorts to maintain their position, costs more to cover. They'll keep ramping up the FUD and media pressure, loss ladders etc. all week. This week the press will be full of 'Alt-right social media neckbeards are taking YOUR PENSION' etc. as the HF liquidate other gains to pay the interest on their positions.

All fun and games, it is a shame the level of corruption and manipulation out there but that's the system. If some more whales join the party (daddy elon pls) it might go crazy, some clever people already stopped the friday ladder in its tracks with those 320 buys.

 

[Electroshadow]

id be happy just to see it hit $400+ i don't expect it to hit that though.

i think its too much of a pipe dream to ever think this could hit 1k 2k or 5k....... mind you we have never seen viral social media and the stock market clash properly. The only yard stick for that i would think is bitcoin rallys and we know how those crash back down to nothing quickly.

 

[Chris1712]

It depends how quickly the buying pressure comes, if RH etc. are back up and running properly tomorrow I think it will explode again. But equally I suspect lots of brokers will magically not work / restrict to small share # to restrict upward pressure. Rinse and repeat short ladder attacks to sweep up all they can, HF have a lot of (illegal but no one cares) tools to get out of this even with diamond hands. In theory the MOASS can still happen and the price would be astronomical eventually but I think dodgy dealings will kill it before then, as usual.

EDIT: I have beer money in @ 31 usd average, so I'm riding this thing into Valhalla just on principle.

 

[Jono8]

What are the chances of it going to $10k? Surely there's a number of things the hedgefunds can do before it gets that out of control?

Equally, wont lots of hedgefunds be gaming this and wanting it to reach silly highs so they can make tons of money and then dump it all,leaving retail investors holding the bill?

 

[Hades]

As mentioned I can't buy into this. But I'm REALLY enjoying watching it unfold. Good luck everyone.

 

[MrKnifey]

I sold on Friday for a profit, I personally can't see it going any higher and fair play if it does. Right now I have four different stocks in different companies and I'm red on all of them

 

[Daze]

I worry we may be underestimating what is going on here. It's becoming more of a social movement and it's hard to predict the number of people who are now getting in on this. There could be millions pumped into it tomorrow from regular traders and average folk could start to get onboard soon.

Equally, wont lots of hedgefunds be gaming this and wanting it to reach silly highs so they can make tons of money and then dump it all,leaving retail investors holding the bill?

That's what I'm worried about but I don't fully understand their options on that. It almost seems inevitable that it will go to $1k+, at which stage you could take your initial investment out and keep the difference in.

 

[mattx2]

Equally, wont lots of hedgefunds be gaming this and wanting it to reach silly highs so they can make tons of money and then dump it all,leaving retail investors holding the bill?

I doubt it for two main reasons

1. Hedge funds usually follow a set strategy that they specialize in. Ie long/short, merger arb, credit, global macro etc. Taking a punt on a stock driven up by social media isn't currently one of them

2. SEC,FCA are going to be all over this stock looking for a bogey man to stick something on last thing any hedge fund wants is the eye of Sauron on them

There will be institions that hold this stock I think Blackrock held quite a lot in a fund. Now the thing here is these funds usually have holding limits ie 5% of 1 stock to stop concentrations getting out of hand. So they may have to sell down holdings this week to stay within guidelines and would be similar for other funds holding it. There is usually a 30 day window on this after that you have to report the breach to the regulator

 

[danlightbulb]

I was just looking into this but how do buy stocks and shares in the first place, what platforms can we use in the UK?

 

[Electroshadow]

I worry we may be underestimating what is going on here. It's becoming more of a social movement and it's hard to predict the number of people who are now getting in on this. There could be millions pumped into it tomorrow from regular traders and average folk could start to get onboard soon.



That's what I'm worried about but I don't fully understand their options on that. It almost seems inevitable that it will go to $1k+, at which stage you could take your initial investment out and keep the difference in.

After 2020 being a sucky year separation cost, covid, loss of contracts. WOULD love for anything like that to happen and zero out the bank balance and start afresh in 2021....one can hope ha