Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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Soldato
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Gaming stocks doing well. Activision beat earnings growing revenue by 21%.
Up 10% on opening. Should bode well for others, and hopefully (to a lesser extent) for accessory makers like Logitech and CRSR
Up 10% on opening. Should bode well for others, and hopefully (to a lesser extent) for accessory makers like Logitech and CRSR
Soldato
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would you not say this time it was different in that it went from what $4 to $470 in almost no time? that's quite a bit of profit there to be had compared to other gambles.
GSK down again today, been averaging down over today and yesterday. Still at a loss at the moment though, hoping they bounce back end of the year.
They will be splitting into two seperate companies next year so will be more agile and more focused.
They will be splitting into two seperate companies next year so will be more agile and more focused.
Thanks, chaps, I stand corrected.
GME is doing well since open.
When newbies got in it was too late. No newbie got in below 100
62mil volume in 40minutes on AMC, I think most the hedgefunds just covered, we didn't hold the line high enough cos paper hands
hedge funds likely realised amc before pump was around 5, before pump they had bankruptcy risk
so around 7 is probably the floor and as low as it would ever go
Soldato
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62 mil traded and it just goes up 7%? seems pathetic of an increase to me
Soldato
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What's the reason for the current dip and forecast? They've gone barely anywhere over the last 5 years as well (+34% to date).
well if people are selling instead of holding it happens.
its now 74mil volume, public float is 56m according to market watch
we were supposed to hold as the price mooned and force them to pay high prices.
ahh well I bailed at about 10% profit after only buying yesterday cos I thought like 7 was as low as the stock can go before it's seen as value
the volume on AMC looks like it's already over, maybe others need to cover still in the coming days, but I'm not risking it
GME at 97% vs avg volume as well in less than an hour, it's likely still shorted though when thats only 30mil shares and the stock was over 100% shorted at one time
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But that's always going to happen. People generally follow the same patterns
40 percent up at present.
Following a text book pattern isn't it.
All the time people will be exiting at lows, getting in on bounces and leaving at a lower low.
Away from gme
Had some interesting positive news from someone who works in care homes on some first hand vaccine progress. Very very positive.
If the vaccine keeps making these in roads and mutations etc don't get in the way, recovery will soon be getting priced in further.
Feeling a tad more confident over my cine buy
Had some interesting positive news from someone who works in care homes on some first hand vaccine progress. Very very positive.
If the vaccine keeps making these in roads and mutations etc don't get in the way, recovery will soon be getting priced in further.
Feeling a tad more confident over my cine buy
I looked into Cineworld in early Jan but decided that the price had increased too much and I had concerns over bankruptcy. But now we're on the way out of it, and they're still around, if you bought low, you can't not make a good bit of a profit when they open doors again
Got hopeful for a second then. Logged onto my Fidelity and it showed a huge profit on RR and a current price of 107.90. Not sure why as it's not gone about 95p all day.
Also seems HYVE has made a good jump today. Only down a few % now after being down 20% the other day.
Also seems HYVE has made a good jump today. Only down a few % now after being down 20% the other day.
I think they have sorted themselves out. My more stable shares that were pulled down as the institutional investors were covering their positions have now gone back up to where they were. I hope this is a lesson for those that piled in GME whether you invested or just observed. I was a little unnerved when a lot of people who had not invested in shares before were suddenly piling in. There is a lot to learn about the market and it is definitely not something to be rushed. The market goes through cycles and we have had a very long bull run. I think the last thing I would be doing right now is piling in to anything.
Soldato
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What would be the lesson? Get out else others will before you?
A 4 dollar stock went to 470 and was only that high and not higher due to restrictions, had it reach 500 or 600 even I have no doubt it'd kept going as the news would be huge to finish Friday at 600+.
It was a gamble, but it was paying off and did pay off for many.
The issue was that once it was over, it really was almost instantly over. No time to decide to get out unless you're watching every 20 minutes.
Its a hard one to learn what you can from it.
If another stock was told to be like gme I'd certainly put money into it and sooner possibly to ride it earlier and get out sooner.
I have heard that line that goes something like "I got rich selling too early while trying to find the peak" and like that one.
What would be others advice? This was a unique situation. Hard to say what you could take from this other than it went up lots, and then eventually back down again.
With that said, there's still like 1 percent chance it'll go up again.