Stocks & Shares

Discussion in 'Bulletin Board' started by dreamboy3000, Jan 28, 2021.

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  1. dreamboy3000

    dreamboy3000 Well-Known Member

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    The first link is to a series of tweets explaining #gme which is a big thing at the moment. The second link is to a lot of threads from people who have got involved in what's happened. It's making a lot of greedy hedge fund guys worrying about losing all their cash because they have behaved shady. This whole thing will be made in to a movie in years to come like Wolf Of Wall Street was.



    https://www.reddit.com/r/wallstreetbets/

    https://inews.co.uk/news/business/g...-elon-musk-blackberry-rising-explained-846385
     
    dreamboy3000, Jan 28, 2021
    #1
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  2. Rosco

    Rosco Well-Known Member

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    It's shitty if you have money in these hedge funds, but you shouldn't have money in them in the first place, what they do to make money is shitty and causes artificial problems with the market.
     
    Rosco, Jan 28, 2021
    #2
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  3. nezbfc

    nezbfc Well-Known Member

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    Good

    Short selling should be illegal
     
    nezbfc, Jan 28, 2021
    #3
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  4. dreamboy3000

    dreamboy3000 Well-Known Member

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    dreamboy3000, Jan 28, 2021
    #4
  5. kir

    kirkhamtyke Well-Known Member

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    Anyone pay into a pension fund at work? Unless you really make an effort to find out, you have no idea whatsoever what they are investing in.
     
    kirkhamtyke, Jan 28, 2021
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  6. Brush

    Brush Well-Known Member

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    What's all this got to do with privet?
     
    Brush, Jan 28, 2021
    #6
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  7. Gravy Chips

    Gravy Chips Well-Known Member

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    Robinhood and Melvin Capital (one of the affected hedge funds) are owned by the same corporation. The game is rigged.

    I’m loving this bit of class warfare though.

    49C7D92C-ABF8-4AAD-B515-8BBCFF9E6604.jpeg
     
    Gravy Chips, Jan 28, 2021
    #7
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  8. man

    mansfield_red Well-Known Member

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    I bought some GME shares at the end of last week, it's been a wild ride so far.
     
    mansfield_red, Jan 28, 2021
    #8
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  9. JamDrop

    JamDrop Well-Known Member

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    I've just spend half an hour or so on Reddit so I now feel obliged to type the following....

    HOLD!!!!!

    DIAMOND HANDS!

    TO THE MOON!

    and of course... this is not financial guidance.
     
    JamDrop, Jan 28, 2021
    #9
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  10. BarnsleyReds

    BarnsleyReds Well-Known Member

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    EsyPMd6XcAYJRjK.jpg
     
    BarnsleyReds, Jan 28, 2021
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  11. Che

    Chef Tyke Well-Known Member

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    They don’t like it up em.
     
    Chef Tyke, Jan 28, 2021
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  12. Mid

    Mido Well-Known Member

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    Amazing what ordinary folk can achieve when they work together.
     
    Mido, Jan 28, 2021
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  13. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    The first class action complaint has been filed in New York.

    Accusing Robin Hood of purposefully, and willingly, removing the ability to buy GME stock and therefore stopping someone's earnings potential when they had no right to do so. I've been keeping an eye on Blackberry but was too late for AMC.
     
    Loko the Tyke, Jan 28, 2021
    #13
  14. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    There's now reports that Robin Hood are selling your GME stock automatically without permission. It's one giant mess on Wall Street right now.

    [​IMG]
     
    Loko the Tyke, Jan 28, 2021
    #14
  15. man

    mansfield_red Well-Known Member

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    This wall street fuckery is uniting everyone. 4chan and reddit generally hate each other but are together on this, I even saw Ted Cruz endorse a tweet by AOC. Everyone is united in the fact that the rules shouldn't be changed just because the "wrong people" take the initiative. Surely this is the purest form of free market capitalism that the hedge funds love? **** them all, burn it down.

     
    mansfield_red, Jan 28, 2021
    #15
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  16. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    AOC, Donald Trump JR, Ted Cruz. United front on how shocking the handling of this has been.

    I can't get hold of any stock worth buying. Still sleeping on Blackberry at $15
     
    Loko the Tyke, Jan 28, 2021
    #16
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  17. Hooky feller

    Hooky feller Well-Known Member

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    Depends I suppose KT. On whether you’re on a final salary or Stakeholder. Final salary is based on wages. So you probably wouldn’t bother to find out and should be more secure given the fact the company should guarantee funds. but not always.
    Stakeholder on the stock market.
    I’m in a Stakeholder ( Suffered due to outsourcing from a final salary scheme) which has only recently recovered since the start of lockdowns. You can reduce the risk and chose which parts of the stock market to invest in if you wish.
    Coming close to retirement. Fingers crossed, it’ll be ok.
    What are you in mate as a matter of interest.?
     
    Last edited: Jan 28, 2021
    Hooky feller, Jan 28, 2021
    #17
  18. orsenkaht

    orsenkaht Well-Known Member

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    This episode has the same look as the derivatives trading in sub-prime mortgages that led to the last financial crash. I was always taught that you'd want a good wodge and at least 15 different stocks before you invested directly.
     
    orsenkaht, Jan 28, 2021
    #18
  19. red

    red24/7 Well-Known Member

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    was told of a new product bulmers were releasing that would send their shares up, invested a few quid, made a wedge then knock on door, big fine for in Cider trading:)
     
    red24/7, Jan 28, 2021
    #19
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  20. Terry Nutkins

    Terry Nutkins Well-Known Member

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    The lad who started it has made $50k into $50m
     
    Terry Nutkins, Jan 28, 2021
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