| This is a brilliant way to beat “the man” at his own game. on 23:56 - Jan 27 with 782 views | CrayonKing |
| This is a brilliant way to beat “the man” at his own game. on 23:42 - Jan 27 by J2BLUE |
Ha yea I was thinking £50, nothing too serious. |
If it’s money you don’t mind losing then I’d say it’s an +ev bet even at this point. Wouldn’t go throwing my life savings at it though!
Not financial advice etc |  | |  |
| This is a brilliant way to beat “the man” at his own game. on 23:57 - Jan 27 with 780 views | clive_baker |
| This is a brilliant way to beat “the man” at his own game. on 23:30 - Jan 27 by J2BLUE |
Is there any point me getting in on this?
I understand 100% it's nothing short of gambling and i'd be using money I could afford to lose if it goes to zero or they shut down trading etc. |
Each to their own of course, but this isn’t really investing at this stage, it’s casino trading and a glorified Ponzi scheme. Far be it for me to advise but this thing will come down as quickly as it went up when people start taking profits off the table and the novelty wears off. There’s no underlying justification for the current price, so the downside potential is enormous.
Edit: looks from the after hours trades that it’s already gone pop and people are running for the hills. Feel for the folk who bought in today. [Post edited 28 Jan 2021 0:02]
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| This is a brilliant way to beat “the man” at his own game. on 00:03 - Jan 28 with 763 views | J2BLUE |
| This is a brilliant way to beat “the man” at his own game. on 23:57 - Jan 27 by clive_baker |
Each to their own of course, but this isn’t really investing at this stage, it’s casino trading and a glorified Ponzi scheme. Far be it for me to advise but this thing will come down as quickly as it went up when people start taking profits off the table and the novelty wears off. There’s no underlying justification for the current price, so the downside potential is enormous.
Edit: looks from the after hours trades that it’s already gone pop and people are running for the hills. Feel for the folk who bought in today. [Post edited 28 Jan 2021 0:02]
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Ahh cheers for that. I'll sit this one out! |  |
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| This is a brilliant way to beat “the man” at his own game. on 00:15 - Jan 28 with 755 views | CrayonKing |
| This is a brilliant way to beat “the man” at his own game. on 23:57 - Jan 27 by clive_baker |
Each to their own of course, but this isn’t really investing at this stage, it’s casino trading and a glorified Ponzi scheme. Far be it for me to advise but this thing will come down as quickly as it went up when people start taking profits off the table and the novelty wears off. There’s no underlying justification for the current price, so the downside potential is enormous.
Edit: looks from the after hours trades that it’s already gone pop and people are running for the hills. Feel for the folk who bought in today. [Post edited 28 Jan 2021 0:02]
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It swung +/-$100 last night too. It’s certainly not one for the faint of heart that’s for sure! | | | |
| This is a brilliant way to beat “the man” at his own game. on 03:15 - Jan 28 with 711 views | monytowbray |
| This is a brilliant way to beat “the man” at his own game. on 23:44 - Jan 27 by CrayonKing |
Pretty much. The VW graph has been the inspiration for a lot of people to get in on it and to hold through the dips.
The dynamics of this one are a bit different because it’s been telegraphed from way out and I believe VW came as a big surprise, but the principle is the same - more shares needed to be bought than were actually available.
Whether it’s worth getting in on now, I’m not so sure. I’m still in but the price has got too steep for me to add more. Hard to argue with the theory though! Nagging feeling they’ll be able to manipulate their way out of it somehow!
Edit: not financial advice, etc etc [Post edited 27 Jan 2021 23:47]
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You seem to know a fair bit on this (I’m a noob with stock stuff in terms of anything beyond a wiki overview).
Question, is this something that could become a regular full blown thing to fk over shorters? Or is it a one off? Are we witnessing the start of the revolution basically? Or is it mostly people in it for the money? And what are the likelihoods that Wall Street change the rules successfully as I expect they would try? |  |
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| This is a brilliant way to beat “the man” at his own game. on 07:31 - Jan 28 with 688 views | CrayonKing |
| This is a brilliant way to beat “the man” at his own game. on 03:15 - Jan 28 by monytowbray |
You seem to know a fair bit on this (I’m a noob with stock stuff in terms of anything beyond a wiki overview).
Question, is this something that could become a regular full blown thing to fk over shorters? Or is it a one off? Are we witnessing the start of the revolution basically? Or is it mostly people in it for the money? And what are the likelihoods that Wall Street change the rules successfully as I expect they would try? |
I think this one is a very rare case when all the stars have aligned perfectly. 139% of shares shorted in a company which isn’t going bankrupt (in the short term) and has a new superstar investor, with a promising strategy for the future, was always going to end badly!
Other heavily shorted stocks will definitely be targeted for squeezes, by hedge funds as well as redditors, but I’m not aware of any others that are quite so heavily over-shorted. For comparison AMC is currently being hyped a lot but is “only” 70% shorted right now (rough figure from memory) so in theory there’s enough shares for everybody who needs to to get out. There will be short-term gains in a lot of heavily shorted stocks though, partly from people trying to find the “next gme” and partly from shorts reducing their liabilities and getting out of these risky positions - to get out of a short position they have to buy shares, which boosts the price.
Obligatory: I am not a financial advisor and this is not financial advice. | | | |
| This is a brilliant way to beat “the man” at his own game. on 07:42 - Jan 28 with 680 views | 26_Paz |
| This is a brilliant way to beat “the man” at his own game. on 23:33 - Jan 27 by monytowbray |
I’m wondering too. Some people have lobbed all their savings in and made millions.
Although I’m thinking whack a tenner on LOL. |
Most trades are a minimum of $50 but anyway, whack a small amount on yes, all good, quite funny. The problem is some people will now see this and whack a load on late to the party, when the inevitable happens they will have lost a large chunk of their savings ... |  |
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| This is a brilliant way to beat “the man” at his own game. on 08:54 - Jan 28 with 645 views | BanksterDebtSlave |
That'll show them..
"Other winners include Donald Foss, the 76-year-old founder and former CEO of Credit Acceptance Corp, a subprime auto lender. Foss bought 5% of GameStop early last year for around $12m. His stake is now worth more than $500m."
"But some in Wall Street are also making huge gains. BlackRock, the world’s largest asset manager, owned 9.2m shares in GameStop at the end of December, according to a regulatory filing. If it still holds all those shares, they were worth more than $3bn on Wednesday." |  |
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| This is a brilliant way to beat “the man” at his own game. on 09:13 - Jan 28 with 627 views | CrayonKing |
| This is a brilliant way to beat “the man” at his own game. on 08:54 - Jan 28 by BanksterDebtSlave |
That'll show them..
"Other winners include Donald Foss, the 76-year-old founder and former CEO of Credit Acceptance Corp, a subprime auto lender. Foss bought 5% of GameStop early last year for around $12m. His stake is now worth more than $500m."
"But some in Wall Street are also making huge gains. BlackRock, the world’s largest asset manager, owned 9.2m shares in GameStop at the end of December, according to a regulatory filing. If it still holds all those shares, they were worth more than $3bn on Wednesday." |
Yea. Redditors gave it a big boost and lit the spark, but there's Big Money on both sides of this. There's plenty of hedge funds and large investors who are smart enough to see that a) it was undervalued (back then) and b) that it was over-shorted. | | | |
| This is a brilliant way to beat “the man” at his own game. on 09:24 - Jan 28 with 617 views | BanksterDebtSlave |
I think that this is sticking it to the man in much the same way as buying your council house on the cheap was. The man always wins! | |
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| This is a brilliant way to beat “the man” at his own game. on 12:51 - Jan 28 with 558 views | monytowbray |
| This is a brilliant way to beat “the man” at his own game. on 09:24 - Jan 28 by BanksterDebtSlave |
I think that this is sticking it to the man in much the same way as buying your council house on the cheap was. The man always wins! |
Yeah but Corbyn. | |
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| This is a brilliant way to beat “the man” at his own game. on 12:55 - Jan 28 with 550 views | clive_baker |
| This is a brilliant way to beat “the man” at his own game. on 00:15 - Jan 28 by CrayonKing |
It swung +/-$100 last night too. It’s certainly not one for the faint of heart that’s for sure! |
Up again in pre trading. Cant help but feel for those who will buy at the top, but who knows where the top is... | |
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| This is a brilliant way to beat “the man” at his own game. on 12:56 - Jan 28 with 548 views | SuperKieranMcKenna |
"More of this kind of thing."
Assume you don't have a pension or any investments?! |  | | |
| This is a brilliant way to beat “the man” at his own game. on 13:16 - Jan 28 with 534 views | monytowbray |
| This is a brilliant way to beat “the man” at his own game. on 12:56 - Jan 28 by SuperKieranMcKenna |
"More of this kind of thing."
Assume you don't have a pension or any investments?! |
If this is a genuine take and not a poor troll I don’t even know where to start in addressing how flawed it is.
Are you genuinely a Wall Street apologist?! | |
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| This is a brilliant way to beat “the man” at his own game. on 13:22 - Jan 28 with 527 views | SuperKieranMcKenna |
| This is a brilliant way to beat “the man” at his own game. on 13:16 - Jan 28 by monytowbray |
If this is a genuine take and not a poor troll I don’t even know where to start in addressing how flawed it is.
Are you genuinely a Wall Street apologist?! |
It doesn't only effect Wall St.
There is the risk of contagion. Manipulation of the markets is not a good thing whether it be a spotty trader in his bedroom, or a Mayfair Hedge Fund.
But I know you have the whole "edge-lord, watch the world burn" thing going on, so each to their own. | | | |
| This is a brilliant way to beat “the man” at his own game. on 13:23 - Jan 28 with 524 views | J2BLUE |
| This is a brilliant way to beat “the man” at his own game. on 13:16 - Jan 28 by monytowbray |
If this is a genuine take and not a poor troll I don’t even know where to start in addressing how flawed it is.
Are you genuinely a Wall Street apologist?! |
Reminds me of a former poster on here who argued that retail staff shouldn't be paid a fair wage because pension funds owned shares. | |
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| This is a brilliant way to beat “the man” at his own game. on 13:25 - Jan 28 with 513 views | SpruceMoose |
| This is a brilliant way to beat “the man” at his own game. on 13:22 - Jan 28 by SuperKieranMcKenna |
It doesn't only effect Wall St.
There is the risk of contagion. Manipulation of the markets is not a good thing whether it be a spotty trader in his bedroom, or a Mayfair Hedge Fund.
But I know you have the whole "edge-lord, watch the world burn" thing going on, so each to their own. |
I liked you better in your previous role of a downvote bot. All the mystery has gone since you've started opening your trap! |  |
| Pronouns: He/Him/His.
"Imagine being a heterosexual white male in Britain at this moment. How bad is that. Everything you say is racist, everything you say is homophobic. The Woke community have really f****d this country." | | Poll: | Selectamod |
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| This is a brilliant way to beat “the man” at his own game. on 13:34 - Jan 28 with 498 views | monytowbray |
| This is a brilliant way to beat “the man” at his own game. on 13:22 - Jan 28 by SuperKieranMcKenna |
It doesn't only effect Wall St.
There is the risk of contagion. Manipulation of the markets is not a good thing whether it be a spotty trader in his bedroom, or a Mayfair Hedge Fund.
But I know you have the whole "edge-lord, watch the world burn" thing going on, so each to their own. |
Your brain needs resetting, you’ve lost touch with reality.
Please do point us to every time you’ve contributed or raised awareness of Hedge Fund corruption in the last forever?
You’re the type of narc who’d grass the homeless up for shoplifting, aren’t you? [Post edited 28 Jan 2021 13:36]
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| This is a brilliant way to beat “the man” at his own game. on 13:36 - Jan 28 with 489 views | lowhouseblue |
| This is a brilliant way to beat “the man” at his own game. on 13:22 - Jan 28 by SuperKieranMcKenna |
It doesn't only effect Wall St.
There is the risk of contagion. Manipulation of the markets is not a good thing whether it be a spotty trader in his bedroom, or a Mayfair Hedge Fund.
But I know you have the whole "edge-lord, watch the world burn" thing going on, so each to their own. |
though hedge funds which operate in this way deserve to get stuffed when they get things wrong. that's how markets work - funds with high risk strategies should fail when they mess up. any contagion is limited because exposure to something like this isn't concentrated. survival of the fittest. it also reminds people what that sort of fund is and the risks that come with it. |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| This is a brilliant way to beat “the man” at his own game. on 13:36 - Jan 28 with 484 views | monytowbray |
| This is a brilliant way to beat “the man” at his own game. on 13:23 - Jan 28 by J2BLUE |
Reminds me of a former poster on here who argued that retail staff shouldn't be paid a fair wage because pension funds owned shares. |
Who was that? I can’t even remember the chat. | |
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| This is a brilliant way to beat “the man” at his own game. on 13:37 - Jan 28 with 481 views | monytowbray |
| This is a brilliant way to beat “the man” at his own game. on 13:36 - Jan 28 by lowhouseblue |
though hedge funds which operate in this way deserve to get stuffed when they get things wrong. that's how markets work - funds with high risk strategies should fail when they mess up. any contagion is limited because exposure to something like this isn't concentrated. survival of the fittest. it also reminds people what that sort of fund is and the risks that come with it. |
Gah, James has really f’ed it if me and you agree! [Post edited 28 Jan 2021 13:37]
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| This is a brilliant way to beat “the man” at his own game. on 13:42 - Jan 28 with 470 views | J2BLUE |
| This is a brilliant way to beat “the man” at his own game. on 13:36 - Jan 28 by monytowbray |
Who was that? I can’t even remember the chat. |
I'll respect the unwritten rule of not talking negatively about former posters. All i'll say it that it was a Labour supporter (as long as the only difference from the Tory was the colour of tie). | |
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| This is a brilliant way to beat “the man” at his own game. on 13:43 - Jan 28 with 462 views | SpruceMoose |
| This is a brilliant way to beat “the man” at his own game. on 13:42 - Jan 28 by J2BLUE |
I'll respect the unwritten rule of not talking negatively about former posters. All i'll say it that it was a Labour supporter (as long as the only difference from the Tory was the colour of tie). |
Can't even think of who that might be. | |
| Pronouns: He/Him/His.
"Imagine being a heterosexual white male in Britain at this moment. How bad is that. Everything you say is racist, everything you say is homophobic. The Woke community have really f****d this country." | | Poll: | Selectamod |
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| This is a brilliant way to beat “the man” at his own game. on 13:47 - Jan 28 with 445 views | lowhouseblue |
| This is a brilliant way to beat “the man” at his own game. on 13:37 - Jan 28 by monytowbray |
Gah, James has really f’ed it if me and you agree! [Post edited 28 Jan 2021 13:37]
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we probably agree about lots, it's just that we annoy each other too much to find out. | |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| This is a brilliant way to beat “the man” at his own game. on 13:52 - Jan 28 with 433 views | SuperKieranMcKenna |
| This is a brilliant way to beat “the man” at his own game. on 13:34 - Jan 28 by monytowbray |
Your brain needs resetting, you’ve lost touch with reality.
Please do point us to every time you’ve contributed or raised awareness of Hedge Fund corruption in the last forever?
You’re the type of narc who’d grass the homeless up for shoplifting, aren’t you? [Post edited 28 Jan 2021 13:36]
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"You’re the type of narc who’d grass the homeless up for shoplifting, aren’t you?"
Que? | | | |
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