Snap. I downloaded the market app a while back but it **** got serious when it wanted my NI number so I never went further with it.
I've got the Trading 212 App and I can't even buy the GME stock - I'm sure it's not the App's fault and more clueless and aimless clicking, but that might not be a bad thing. I lost £20 on the very first minute with the App as I accidently closed a position I'd just bought!
You're lucky I don't have your number. If that was Hicksy I'd be asking you to double it and wiring you the money!
212 should work but it looks like robinhood have limited people to two shares. It has been great to follow today. It started high, dropped a fair bit and people held their nerve and kept buying to help it back to around where it started the day. I am hoping we are all in for a good week from Monday.
The message I get on Trading 212, which I don't understand, is something about the remaining quantity for long positions is zero. I like the App for trading stock but I'd prefer it to just take the money when it feels like the interface is more like spread betting? You never truly know where you are but again that's more my complete lack of understanding and just diving in head first.
Pre market opened half an hour ago and they are up over eight percent to $352. Hold the line this week is going to be very interesting.
Shorting is where an investor borrows shares and sells them immediately hoping the price of the share will go down so they can then buy them at a lower price and return the borrowed shares back to the lender and makes money with the difference in the share price. But whats happened is Wall St was shorting Gamestop shares thinking they were going to go down in price and reddit started buying shares so it pumped the price up and billions were lost on Wall St but millions were made for the little guy buying the shares. Obviously the Wall St suits dont like the little guy winning for a change. As regards pension pots, depends on what your pension pots have been investing in.
Loads of media reporting that the reddit lot are going after silver now, which isn't true. It's amazing how the media (including the BBC) will run a co-ordinated story to help their mates out of a hole. The focus is on GME, not silver.
If you put it in theoretical football terms it's as follows... Barnsley borrow x player from liverpool and sell him for a million to say Sunderland immediately... Hope that he turns out ****, and then buys him back from Sunderland for 200k. Give the player back to liverpool and pocket the 800k profit....
https://www.theguardian.com/busines...-their-sights-on-silver-after-gamestop-frenzy https://www.independent.co.uk/news/business/gamestop-share-price-silver-reddit-value-b1795604.html https://www.bbc.co.uk/news/business-55882758 I totally agree. A quick Google search of 'gamestop silver' brings up lots of media outlets churning out the same lie. It's about GME stock and nothing else. If people believe the press reports they might sell GME and buy silver which will be a big mistake. The hedge fund lot aren't learning because whenever there is a dip in price people aren't panic selling and many are just buying more at the bargain price.
To be honest I read the BBC article and believed it straight away. I then read reddit and got the true story. I really really hope this all comes off for the redditers and the hedge funders continue to be punished. The more the media does this sort of thing the angrier reddit gets, which will hopefully strengthen their resolve.
It is dropping having rocketed over the last day or so. Looks like there was a co-ordinated pump and dump
