| Anyone with any trading knowledge? 12:02 - Jan 28 with 3442 views | Simonds92 |
Is it worth buying AMC stock and trying to get out pretty quickly? |  | | |  |
| Anyone with any trading knowledge? on 12:12 - Jan 28 with 2364 views | ArnoldMoorhen |
I am not a Financial Advisor and this is not Financial Advice. It is my own analysis and opinion as a non-professional.
AMC and GameStop have been pumped by a large crowd of small investors who want to inflate the price to say "up yours" to hedge funds. It's Millennials v Boomers. So if you want to be part of that, go ahead. But you are asking "Can I use that crowd behaviour to take a rise in the price?"
If you have a time machine, and can go back to last week, yes. If you have a time machine and can go forward to next week, maybe. If you don't have a time machine then you are just trying to guess when the crowd on Reddit get bored or when individual self-interest trumps the desire to act as a collective and "stick it to the man".
It's blindfold pin-the-tail on a donkey stuff.
Warning: I (under my previous username) consistently warned that Bitcoin is an unsustainable bubble that could crash at any moment, not least when Governments get serious about the use of Bitcoin in criminal circles, or simply when they decide the time is right to claim their tax slice. I was absolutely right about that. However, if I had ignored my own advice and put in £5,000 I could now buy a house.
Some people win, some people lose. Those who claim "You can't lose" are lying. Even if they win it doesn't mean that they were talking sense at the time. [Post edited 28 Jan 2021 12:13]
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| Anyone with any trading knowledge? on 12:15 - Jan 28 with 2335 views | footers |
If you've never traded before and know little about it, don't try it.
Once the headlines are out it's almost too late for the man on the street.
But if you do try it, please limit your exposure and only risk what you are comfortable with losing. |  |
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| Anyone with any trading knowledge? on 12:16 - Jan 28 with 2332 views | George25 |
Up to you but is risky as the stock being pumped up by demand off reddit. essentially theirs a risk if the hedge funds win or not enough buy it to inflate the price. if you are going to do it only put in what you can afford to lose. [Post edited 28 Jan 2021 12:18]
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| Anyone with any trading knowledge? on 12:58 - Jan 28 with 2270 views | CrayonKing |
I'm not a financial advisor and this isn't financial advice. I'm also not accusing anybody of doing anything wrong or illegal. Consider this fan fiction.
I would be very wary of AMC. It's being lumped in as a reddit stock and being called "the next GME" but it really hasn't had that much hype on reddit. On reddit nearly everything is about GME at the moment and AMC is barely getting a mention. Mods are also saying they're banning loads of bot accounts who are constantly trying to push AMC. Something very strange is going on with that stock. |  | | |
| Anyone with any trading knowledge? on 13:05 - Jan 28 with 2239 views | Plums |
If you need to ask, it’s probably not for you.
I’m not having a dig, just simple risk management from someone who used to trade in metals for a living. It’s a complicated business and easy to get burnt. |  |
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| Anyone with any trading knowledge? on 13:17 - Jan 28 with 2208 views | lowhouseblue |
why not toss a coin to decide? |  |
| 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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| Anyone with any trading knowledge? on 13:19 - Jan 28 with 2199 views | Kropotkin123 |
No,
- It is down pre-market
- It is a dividend paying stock. Dividends are generally introduced when there is higher stability and more surplus money, due to a company being established and having high market capitalisation.
- Also, it sounds like you are looking to do day-trading on general stocks. Day-trading is better on CFDs. But I would strongly recommend against that, as it is easy to mess up when newer to trading and many don't understand leveraging and how you can lose 100% of your money, despite losing, say, 25% of your money in a leveraged cfd day-trade
- You need to change your perception from a quick buck to investment. You sound like you are betting, not investing.
Sorry if this sound harsh, but it is meant to be tough love.
As an alternative. If you want to invest in growth stocks and you want to take some risks, then following - https://ark-funds.com/arkk - Which is already a respected and bullish high growth ETF - would be a good option for you.
If you want to actually learn, then pick up some safe long-term higher-paying dividend paying stocks. Something like KO has fallen a fair bit recently, due to the latest round of lockdowns, and will no doubt go back up in the long term, based on price targets and market share.
Start to learn about how to value stocks - PE, EPS, PEG, Price targets, 52-week high/low, I custom do a PEG52. |  |
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| Anyone with any trading knowledge? on 13:19 - Jan 28 with 2197 views | monytowbray |
| Anyone with any trading knowledge? on 12:12 - Jan 28 by ArnoldMoorhen |
I am not a Financial Advisor and this is not Financial Advice. It is my own analysis and opinion as a non-professional.
AMC and GameStop have been pumped by a large crowd of small investors who want to inflate the price to say "up yours" to hedge funds. It's Millennials v Boomers. So if you want to be part of that, go ahead. But you are asking "Can I use that crowd behaviour to take a rise in the price?"
If you have a time machine, and can go back to last week, yes. If you have a time machine and can go forward to next week, maybe. If you don't have a time machine then you are just trying to guess when the crowd on Reddit get bored or when individual self-interest trumps the desire to act as a collective and "stick it to the man".
It's blindfold pin-the-tail on a donkey stuff.
Warning: I (under my previous username) consistently warned that Bitcoin is an unsustainable bubble that could crash at any moment, not least when Governments get serious about the use of Bitcoin in criminal circles, or simply when they decide the time is right to claim their tax slice. I was absolutely right about that. However, if I had ignored my own advice and put in £5,000 I could now buy a house.
Some people win, some people lose. Those who claim "You can't lose" are lying. Even if they win it doesn't mean that they were talking sense at the time. [Post edited 28 Jan 2021 12:13]
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Is bitcoin worth a small punt these days?
I feel it’s inevitable we end up with a global digital currency in the next century. Whether BC or the multiple ones govs are rolling out. |  |
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| Anyone with any trading knowledge? on 13:26 - Jan 28 with 2179 views | Kropotkin123 |
| Anyone with any trading knowledge? on 13:19 - Jan 28 by monytowbray |
Is bitcoin worth a small punt these days?
I feel it’s inevitable we end up with a global digital currency in the next century. Whether BC or the multiple ones govs are rolling out. |
The idea was to decentralise payments (via blockchains), but the amount of transactions per second are so ridiculously bad, that it is nowhere near able. The irony being that the only way it is likely to achieve what it set out to do is by integration through these centralised payment systems (visa, Mastercard, etc).
I think long term it is a hedge against fiat currency. Something to draw you pension from when other assets are tanking. But gold is more stable, so why bother with the risk of bitcoin.
At the moment bitcoin is still just speculation with rather dodgy foundations. For what it is worth, I do think blockchain will have more of a lasting impact on our future. | |
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| Anyone with any trading knowledge? on 13:27 - Jan 28 with 2171 views | clive_baker |
It's not trading as I know it, its purely gambling but each to their own. Typically I would look at the fundamentals of a business and get comfortable that the share price represents value, but clearly with this wave of activity that isn't the case across GME, BB, NOK, AMC etc.
It's a really interesting development what's going on, and hard to have any sympathy with the pin striped institutional investors. Pump & dumps aren't new, but the internet has made the sharing of such knowledge, and speed of that a completely different level. Couple that with the ability for retail investors to trade so much more easily, through websites and apps from smartphones, fee free trades, spread betting etc, especially among a demographic that's more inclined to f**k the system, and it's an interesting recipe. Make no mistake though, there's sound basis and logic behind GME as a target based on the uniquely high levels of short positions, but at this price you would be hard pushed to justify it on any of the typical metrics.
Personally, I fear most for those who buy at the top, it's hugely volatile and a lot of people will make a decent chunk of change, but a lot will also lose out, and I fear for those going in blind. That's not to say we're at the top, but one thing I can be pretty sure of is this stock will come down, and come down quickly. For those holding positions at that point the losses can be enormous and financially crippling, so as with any form of gambling I would say only bet what you can afford to lose. I'm not getting involved in such casino trading, but that's because it doesn't suit me. In the same way I wouldn't put money on a roulette wheel.
*The caveats apply, this is not financial advice etc. Just my tuppence worth. [Post edited 28 Jan 2021 13:29]
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| Anyone with any trading knowledge? on 13:28 - Jan 28 with 2166 views | ArnoldMoorhen |
| Anyone with any trading knowledge? on 13:19 - Jan 28 by monytowbray |
Is bitcoin worth a small punt these days?
I feel it’s inevitable we end up with a global digital currency in the next century. Whether BC or the multiple ones govs are rolling out. |
Yes.
Or maybe "No".
Everyone is guessing!
My real bitcoin story is that I nearly bought some "cloud storage" years ago and one of the payment options was bitcoin. I looked into it and didn't do it. Had I bought £10 worth, and paid the $9.95 storage fee then I would now have a bitcoin wallet worth an astronomical sum, as it was trading at bitcoin to cents at the time.
But I paid Paypal. | | | |
| Anyone with any trading knowledge? on 13:33 - Jan 28 with 2153 views | clive_baker |
| Anyone with any trading knowledge? on 13:19 - Jan 28 by monytowbray |
Is bitcoin worth a small punt these days?
I feel it’s inevitable we end up with a global digital currency in the next century. Whether BC or the multiple ones govs are rolling out. |
I think the question is 'is there value in Bitcoin'. Like anything, it might be expected to see future growth, but to what extent is that already baked in to the price. I have some LiteCoin, which is similar but aimed more at peer to peer. Paid about £40 per coin, they're now worth £100. It's not something I know too much about, but did some digging and it's very much a punt in my portfolio, which otherwise is largely made up of steady Eddy's. | |
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| Anyone with any trading knowledge? on 13:33 - Jan 28 with 2151 views | monytowbray |
| Anyone with any trading knowledge? on 13:26 - Jan 28 by Kropotkin123 |
The idea was to decentralise payments (via blockchains), but the amount of transactions per second are so ridiculously bad, that it is nowhere near able. The irony being that the only way it is likely to achieve what it set out to do is by integration through these centralised payment systems (visa, Mastercard, etc).
I think long term it is a hedge against fiat currency. Something to draw you pension from when other assets are tanking. But gold is more stable, so why bother with the risk of bitcoin.
At the moment bitcoin is still just speculation with rather dodgy foundations. For what it is worth, I do think blockchain will have more of a lasting impact on our future. |
I did some work with in crypto last year and from what I gathered it’s still the wild west, which has pros and cons. It does have a real “pay day loans” rush feel to it we saw in the 00s, at least in an SEO, social media and email marketing. The content is getting better and less pushy im legit corners of the industry, but you’ll struggle to find a dedicated crypto site outside of trade/sell/buy businesses not blasting copy with affiliate links.
For me I guess the main reason it hasn’t grabbed me is gambling has never been a vice for me, actually I find it quite dull. And yes investing isn’t technically gambling but also it is totally gambling too. | |
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| Anyone with any trading knowledge? on 15:55 - Jan 28 with 2043 views | BlueStreak |
| Anyone with any trading knowledge? on 13:27 - Jan 28 by clive_baker |
It's not trading as I know it, its purely gambling but each to their own. Typically I would look at the fundamentals of a business and get comfortable that the share price represents value, but clearly with this wave of activity that isn't the case across GME, BB, NOK, AMC etc.
It's a really interesting development what's going on, and hard to have any sympathy with the pin striped institutional investors. Pump & dumps aren't new, but the internet has made the sharing of such knowledge, and speed of that a completely different level. Couple that with the ability for retail investors to trade so much more easily, through websites and apps from smartphones, fee free trades, spread betting etc, especially among a demographic that's more inclined to f**k the system, and it's an interesting recipe. Make no mistake though, there's sound basis and logic behind GME as a target based on the uniquely high levels of short positions, but at this price you would be hard pushed to justify it on any of the typical metrics.
Personally, I fear most for those who buy at the top, it's hugely volatile and a lot of people will make a decent chunk of change, but a lot will also lose out, and I fear for those going in blind. That's not to say we're at the top, but one thing I can be pretty sure of is this stock will come down, and come down quickly. For those holding positions at that point the losses can be enormous and financially crippling, so as with any form of gambling I would say only bet what you can afford to lose. I'm not getting involved in such casino trading, but that's because it doesn't suit me. In the same way I wouldn't put money on a roulette wheel.
*The caveats apply, this is not financial advice etc. Just my tuppence worth. [Post edited 28 Jan 2021 13:29]
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I was lucky and got in on ACM Tuesday afternoon and out Wednesday with a 250% profit. How the trading platforms have behaved today is an absolute disgrace. The are screwing over the normal private investor and don't care how blatant they are about it.
You cannot buy shares for Gamestop of ACM but guess what, you can sell them no problem. So if no one can buy these shares, who are you selling them to?!
Add onto that that T212 was down again for the first hour today meant that PI again lost millions of pounds as they couldn't trade out positions. Is it absolutely scandalous and the big boys will get away with this once again. |  | | |
| Anyone with any trading knowledge? on 15:58 - Jan 28 with 2028 views | footers |
| Anyone with any trading knowledge? on 15:55 - Jan 28 by BlueStreak |
I was lucky and got in on ACM Tuesday afternoon and out Wednesday with a 250% profit. How the trading platforms have behaved today is an absolute disgrace. The are screwing over the normal private investor and don't care how blatant they are about it.
You cannot buy shares for Gamestop of ACM but guess what, you can sell them no problem. So if no one can buy these shares, who are you selling them to?!
Add onto that that T212 was down again for the first hour today meant that PI again lost millions of pounds as they couldn't trade out positions. Is it absolutely scandalous and the big boys will get away with this once again. |
Yeah, I had to call the dealing desk yesterday to close out as IG are no longer offering it in-platform. Same happened with all the limit downs at the start of the pandemic.
Lots of platforms seem to be having downtime issues at the minute. A friend trades with eToro and that's been on and off for weeks, apparently.
Hope everyone's who's been in GME has made some money and a reminder not to chase. Be thankful for what you have :) | |
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| Anyone with any trading knowledge? on 16:00 - Jan 28 with 2021 views | BLUEBEAT |
Enjoying the GameStop situation
Fight the system from within the system
#righton! |  |
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| Anyone with any trading knowledge? on 16:13 - Jan 28 with 1994 views | clive_baker |
| Anyone with any trading knowledge? on 13:27 - Jan 28 by clive_baker |
It's not trading as I know it, its purely gambling but each to their own. Typically I would look at the fundamentals of a business and get comfortable that the share price represents value, but clearly with this wave of activity that isn't the case across GME, BB, NOK, AMC etc.
It's a really interesting development what's going on, and hard to have any sympathy with the pin striped institutional investors. Pump & dumps aren't new, but the internet has made the sharing of such knowledge, and speed of that a completely different level. Couple that with the ability for retail investors to trade so much more easily, through websites and apps from smartphones, fee free trades, spread betting etc, especially among a demographic that's more inclined to f**k the system, and it's an interesting recipe. Make no mistake though, there's sound basis and logic behind GME as a target based on the uniquely high levels of short positions, but at this price you would be hard pushed to justify it on any of the typical metrics.
Personally, I fear most for those who buy at the top, it's hugely volatile and a lot of people will make a decent chunk of change, but a lot will also lose out, and I fear for those going in blind. That's not to say we're at the top, but one thing I can be pretty sure of is this stock will come down, and come down quickly. For those holding positions at that point the losses can be enormous and financially crippling, so as with any form of gambling I would say only bet what you can afford to lose. I'm not getting involved in such casino trading, but that's because it doesn't suit me. In the same way I wouldn't put money on a roulette wheel.
*The caveats apply, this is not financial advice etc. Just my tuppence worth. [Post edited 28 Jan 2021 13:29]
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And just like that, the house of cards tumbles.
As I said, feel desperately sorry for amateurs sticking their savings into this at $350 bucks. | |
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| Anyone with any trading knowledge? on 16:16 - Jan 28 with 1989 views | clive_baker |
| Anyone with any trading knowledge? on 15:55 - Jan 28 by BlueStreak |
I was lucky and got in on ACM Tuesday afternoon and out Wednesday with a 250% profit. How the trading platforms have behaved today is an absolute disgrace. The are screwing over the normal private investor and don't care how blatant they are about it.
You cannot buy shares for Gamestop of ACM but guess what, you can sell them no problem. So if no one can buy these shares, who are you selling them to?!
Add onto that that T212 was down again for the first hour today meant that PI again lost millions of pounds as they couldn't trade out positions. Is it absolutely scandalous and the big boys will get away with this once again. |
It's utterly bent. As wrong as it is, it was inevitable to some degree when it gained the sort of traction it did earlier this week.
Feel so sorry for the innocent folk who jumped into this yesterday with little idea. They wont be the first or last to get burnt, but its real peoples lives. As you say, despicable how the platforms have engineered this correction. | |
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| Anyone with any trading knowledge? on 18:53 - Jan 28 with 1905 views | Kropotkin123 |
| Anyone with any trading knowledge? on 15:55 - Jan 28 by BlueStreak |
I was lucky and got in on ACM Tuesday afternoon and out Wednesday with a 250% profit. How the trading platforms have behaved today is an absolute disgrace. The are screwing over the normal private investor and don't care how blatant they are about it.
You cannot buy shares for Gamestop of ACM but guess what, you can sell them no problem. So if no one can buy these shares, who are you selling them to?!
Add onto that that T212 was down again for the first hour today meant that PI again lost millions of pounds as they couldn't trade out positions. Is it absolutely scandalous and the big boys will get away with this once again. |
They had to take action. Whether you agree or not with the principles of those investing, it was market manipulation and if they (the platforms) don't take action then they will be liable in the future from the authorities. This would negatively affect the shares of normal people using their service within the permitted rules.
If you go up against the establishment, these are the very real risks. So it is difficult to have sympathy. Too many people risking their own savings off the back of reddit charlatans, who have little more understanding than you or I. | |
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| Anyone with any trading knowledge? on 18:58 - Jan 28 with 1886 views | J2BLUE |
| Anyone with any trading knowledge? on 12:12 - Jan 28 by ArnoldMoorhen |
I am not a Financial Advisor and this is not Financial Advice. It is my own analysis and opinion as a non-professional.
AMC and GameStop have been pumped by a large crowd of small investors who want to inflate the price to say "up yours" to hedge funds. It's Millennials v Boomers. So if you want to be part of that, go ahead. But you are asking "Can I use that crowd behaviour to take a rise in the price?"
If you have a time machine, and can go back to last week, yes. If you have a time machine and can go forward to next week, maybe. If you don't have a time machine then you are just trying to guess when the crowd on Reddit get bored or when individual self-interest trumps the desire to act as a collective and "stick it to the man".
It's blindfold pin-the-tail on a donkey stuff.
Warning: I (under my previous username) consistently warned that Bitcoin is an unsustainable bubble that could crash at any moment, not least when Governments get serious about the use of Bitcoin in criminal circles, or simply when they decide the time is right to claim their tax slice. I was absolutely right about that. However, if I had ignored my own advice and put in £5,000 I could now buy a house.
Some people win, some people lose. Those who claim "You can't lose" are lying. Even if they win it doesn't mean that they were talking sense at the time. [Post edited 28 Jan 2021 12:13]
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Looks like they are moving in to silver now. I've been banging on about silver for about a decade. Come on Reddit! |  |
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| Anyone with any trading knowledge? on 19:04 - Jan 28 with 1863 views | BanksterDebtSlave |
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| Anyone with any trading knowledge? on 20:29 - Jan 28 with 1771 views | BanksterDebtSlave |
| Anyone with any trading knowledge? on 18:58 - Jan 28 by J2BLUE |
Looks like they are moving in to silver now. I've been banging on about silver for about a decade. Come on Reddit! |
Is this the one that Kaiser thought was going to take down Goldman Sachs when silver was something like $50-60 ? | |
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| Anyone with any trading knowledge? on 20:33 - Jan 28 with 1761 views | J2BLUE |
| Anyone with any trading knowledge? on 20:29 - Jan 28 by BanksterDebtSlave |
Is this the one that Kaiser thought was going to take down Goldman Sachs when silver was something like $50-60 ? |
No idea. Can't stand Keiser.
He's all in on Bitcoin now isn't he? | |
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