Trading the stockmarket (NO Referrals)

Remember the mystery about that 'viking' guy with his 650m$ investment buddies? Well he closed his twitter after saying the game was rigged and he's lost a vast amount of personal wealth. Thing is, don't know if he was legit in the first place.
 
booyaka said:
those quotes were from WSB - probably should have said.

Right or wrong isn't the issue for me - I'm deeply concerned about people who have thrown money at this, money they didn't have, and the long term affects this kind of mass manipulation (from both sides of retail/institutional) has not just on markets but deeper into pension funds/mutual funds/unit trusts etc.

Had 3 clients calling me in the last week asking whether it's something they should look at invest into....client in their 60's and 70's who've NEVER had exposure to individual stocks etc - It's crazy the news/headlines this has created.
Click to expand...

A fool and his money...
 
Out of interest, and I'm not being provocative here just trying to understand, What differentiates one stock from another in terms of calling it a gamble, isn't the only difference they all go up and down at different rates?
 
Milkybk said:
Most stocks are influenced by real world events, investment, news, BAMSEC filings, new offerings/IPO's etc. GME is simply a mob bandwagon, there's no actual reason the stock should ever have been worth $400+.
Click to expand...

I get what you are saying but it seems the only difference is that some DD is put in for longer investments, it's still very much a gamble by definition surely no matter how much the facts may influence a decision?
 
Milkybk said:
Of course any sort of investment is gambling. You can buy a house for £400K today and a cataclysmic event could cause it to be worth £1 tomorrow (obviously an exaggeration). Sensible day trading/investment is about calculated and minimised risk. Investing in a pump and dump instigated by a load of people posting emojis is not sensible risk management. Investing with no knowledge is not sensible risk management. Investing in an overinflated stock in a company that doesn't actually have much worth is not sensible risk management. Especially when your plan is just "to hold forever more to stick it to 'em".
Click to expand...

Got it thanks. It's something I can imagine takes an awful lot of research in order to minimise risk, not something I'm likely to do at present.
 
I can't believe all the hype still on WSB about how it's all still going to take off at some point over the next few days. It was exciting watching it all unravel but surely this is the end of it. There's already people posting their losses on there.
 
muttclugg said:
I can't believe all the hype still on WSB about how it's all still going to take off at some point over the next few days. It was exciting watching it all unravel but surely this is the end of it. There's already people posting their losses on there.
Click to expand...

What do you think has made it not happen any more now that the price is going down? Serious question a week ago price was going up and assume you thought the squeeze will happen.

Now people are selling and does that mean there no longer will be a squeeze?

It may be the case, but at this point there doesn't appear to be any more or less reason to believe it'll happen from last Wednesday to today.
 
Some of the losses on WSB are difficult to see, $400k down is just mind blowing. Some serious mental health wellbeing checks need to be made on some of the people, all this "diamond hands/retards" stuff is just silly.

"If it sounds to good to be true..."
 
Minusorange said:
It's looking more & more likely that it's over now, just a slow drawn out death which will last for who knows

Obviously things could change and it moons for some bizarre reason but odds are not in favour
Click to expand...

Shorts still need to close. What impact this will have on the price given the unusual level of attention, who knows.
 
BennyC said:
Shorts still need to close. What impact this will have on the price given the unusual level of attention, who knows.
Click to expand...

I guess the question is just how many shirts have closed and of the current figure. How many were opened when the stock was up at $400 and have actually made profit.

I wonder also whether any agreement could be made “we owe you x shares but what if we just pay you Y instead”
 
You must log in or register to reply here.
Back
Top Bottom