Soldato
2 hours after the market closes and we're seeing over 1m in trades, watch it drop more overnight to get the panic to settle in more...
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Soldato
He's been in for years now. Hope he took a couple of million off the top earlier.
As I'm sure most sensible people would have taken their initial stake out and just played with house money.
Cashed it, was going nuts just checking every 2mins. Ended about 45 down, oh well!
Soldato
Yeah, I've dropped over on to reddit a few times in the last 2 weeks, do sensible people have diamond hands? lol
Soldato
Bezoa has stepped down from Amazon. Seems a big shock.
Soldato
Interesting. Doubt it will change much though. Joe Blogs doesn't even know who he is (especially compared to say Jobs/Apple, Musk/Tesla, Gates/Microsoft etc).
Soldato
The final red flag (amongst so many) was retail demand effectively being cut off by kiddy pool zero commisson brokerages days ago.
At this point continuing to hold is just brainworms. I sincerely hope none of you lot got seriously burned by this.
Here's a fun question from the CFA exam
C? You equalise the risk and collect the 25% interest, right?
Soldato
App or platform? Freetrade is a decent enough app without getting too serious. It's is only an app though, so find another screen to look at charts/graphs etc..
Soldato
Shares can't be a minus value
negative value is impossible worst that happens is a company goes bust and your share is worth 0
unless your on a CFD account instead of invest/isa
Soldato
Noticed my Halifax trading account is linked on my banking app now, not groundbreaking news but handy if my mining shares take off, having said that they are on the Toronto venture market, not sure how long a sale would take
Not a case of wanting to sell, its more phycological that any profit will trigger me to buy something else
Not a case of wanting to sell, its more phycological that any profit will trigger me to buy something else
Associate
Probably the smart choice, I can’t see it climbing again now.
Nope, it would take a miracle at this point. If, when it drops it overcorrects then there could be a good buying opportunity. After all the reason the squeeze happened (and why I originally bought in at $17) was as a value play. on the Fundementals they'll turn a profit probably Q1, if not Q4 2020 based on console sales and with closing failing stores and an increased online presence with maybe the inclusion of PC hardware it's easily a $40 stock, maybe upto $65+ EOY.
You could credit him with identifying an emotive story around the stock to suck people in and get them to suspend rationality and continue to pump the stock based on a feeling of injustice, like losing money to wall street was somehow sticking it to the man. There's real cult-level delusion in that subreddit.
I'd be interested to know where all the sock puppet awards were coming from....it would absolutely crack me up if it was professional traders just making/buying accounts and awards, and these greedy sods hiding behind their moral crusade got totally played by the people they were trying to stick it to
Soldato
I wonder if DFV is holding purely because of concern about backlash from angry redditers? His personal information got leaked and so that must make him a target for people who got in late on.
Maybe he's just decided he's got his $13m cashed out and thats enough for now. Especially if he got in at $4 and will likely still keep a decent chunk of profit even once all the short interest has gone as has been said above it's probably a $20 share anyway.
Maybe he's just decided he's got his $13m cashed out and thats enough for now. Especially if he got in at $4 and will likely still keep a decent chunk of profit even once all the short interest has gone as has been said above it's probably a $20 share anyway.
Soldato
I would have been out of there the minute it hit $400 (though probably earlier).
Yeah it's a tough game, I'm tempted to pull my initial investment in AML out and put it into one of my other holdings to give it a boost, or split it among them, rather than take it out and pocket it, I think that's where a lot of people miss out, taking profits rather than reinvesting them into the same thing to something else, guess it depends how you play the game.