osmark86 Posted January 28, 2021 Share Posted January 28, 2021 I'm guessing GME is just one of many that will be/are being targeted. Link to comment Share on other sites More sharing options...
bannedfromHandV Posted January 28, 2021 Share Posted January 28, 2021 I don’t really understand all this but if the hedge fund folks are losing money then I’m happy. Link to comment Share on other sites More sharing options...
Follyfoot Posted January 28, 2021 VT Supporter Share Posted January 28, 2021 I like gold mines and mining stock. Got in very low on some stock called NQ minerals at 2.25p a couple of years ago, currently kicking at 7p so already done very well but they have just applied to get a main listing on the LSE upgrading from the Acquis exchange and if this comes off estimates are in the 15 to 21p range at launch. Put one of my smaller pensions into a SIPP to do this and banged the lot on. Set for a few exciting months I would hope Link to comment Share on other sites More sharing options...
ender4 Posted January 28, 2021 Share Posted January 28, 2021 5 minutes ago, osmark86 said: I'm guessing GME is just one of many that will be/are being targeted. Its the main one because hedge funds shorted it by 130% of all the stock in existence. Which means they are screwed and are taking a hit. Somewhere between $2 Billion (if they succeed in fixing the market) and $23 Billion (at the share price earlier today). Link to comment Share on other sites More sharing options...
Genie Posted January 28, 2021 Share Posted January 28, 2021 27 minutes ago, ender4 said: The dip is because no-one can buy Gamestop shares. Who are the holders selling to? Link to comment Share on other sites More sharing options...
ender4 Posted January 28, 2021 Share Posted January 28, 2021 Just now, Genie said: Who are the holders selling to? Wall Street can buy and sell to each other. They've just restricted the public from buying by putting pressure on the trading platform to block trades. Whoever wants to sell can easily sell, as the hedge funds are desperately buying it to cover their shorted position. 1 Link to comment Share on other sites More sharing options...
Davkaus Posted January 28, 2021 Share Posted January 28, 2021 10 minutes ago, ender4 said: Wall Street can buy and sell to each other. They've just restricted the public from buying by putting pressure on the trading platform to block trades. Whoever wants to sell can easily sell, as the hedge funds are desperately buying it to cover their shorted position. If this is legal, it shouldn't be. 3 Link to comment Share on other sites More sharing options...
Chindie Posted January 28, 2021 VT Supporter Share Posted January 28, 2021 Halts are also being put in place on buying that can take place. Link to comment Share on other sites More sharing options...
LondonLax Posted January 28, 2021 Share Posted January 28, 2021 AOC is on the case Link to comment Share on other sites More sharing options...
Xela Posted January 28, 2021 Share Posted January 28, 2021 4 hours ago, Davkaus said: I got really lucky gambling on weed stocks a couple of years ago and it paid for my car. No more of that though, all of my investing money goes in to a Vanguard index tracker. If that price collapses in the long term, I'll have bigger things to worry about, like the complete collapse of western capitalism I can choose what my pension is invested in at work (a DCS pension for a Bank). It defaults to a fairly passive global equities but its performed really well over the last 12 months. Took a tonking in March but now much higher than it was and the pot is nearly double what it was 10 months back. Are you in the Life Strategy funds? What risk? 80? 60? I need to sort my investing out... too much in cash and one particular equity at the moment. Link to comment Share on other sites More sharing options...
Chindie Posted January 28, 2021 VT Supporter Share Posted January 28, 2021 24 minutes ago, LondonLax said: AOC is on the case Following Ted Cruz also supporting this... 2 1 Link to comment Share on other sites More sharing options...
Davkaus Posted January 28, 2021 Share Posted January 28, 2021 3 minutes ago, Xela said: Are you in the Life Strategy funds? What risk? 80? 60? I need to sort my investing out... too much in cash and one particular equity at the moment. I used to use Life Strategy 100; mine is in there for a long time, so I see no need at all to hold bonds. I recently changed to their Global All Cap index. The Lifestrategy funds have a UK bias that I wasn't comfortable with. 1 Link to comment Share on other sites More sharing options...
Xela Posted January 28, 2021 Share Posted January 28, 2021 4 minutes ago, Davkaus said: I used to use Life Strategy 100; mine is in there for a long time, so I see no need at all to hold bonds. I recently changed to their Global All Cap index. The Lifestrategy funds have a UK bias that I wasn't comfortable with. That sounds sensible. HSBC Global Strategy is similar in that is has a smaller bias to UK equities. Link to comment Share on other sites More sharing options...
Popular Post Awol Posted January 28, 2021 Popular Post Share Posted January 28, 2021 Good explainer here, beware a naughty word at the end if you’ve young ‘uns nearby: 4 1 Link to comment Share on other sites More sharing options...
Tegis Posted January 28, 2021 VT Supporter Share Posted January 28, 2021 15 minutes ago, Chindie said: Following Ted Cruz also supporting this... AOC and Cruz agreeing on something, then you know you **** up royally Link to comment Share on other sites More sharing options...
Awol Posted January 28, 2021 Share Posted January 28, 2021 Just now, Tegis said: AOC and Cruz agreeing on something, then you know you **** up royally It looks really blatant. Big test for Biden, this. 2 Link to comment Share on other sites More sharing options...
Chindie Posted January 28, 2021 VT Supporter Share Posted January 28, 2021 It's remarkable that the invisible hand of the market is king, until it isn't. There needs to be severe work done on the stock market. Killing the ability of retail investors to buy a share because it wasn't going how you'd like it to go is surely illegal, or needs to be made so. All of the measures done today have been in aid of manipulating the market to ensure those whose face fits are not allowed to be hurt by those that don't. 2 Link to comment Share on other sites More sharing options...
TrentVilla Posted January 28, 2021 Moderator Share Posted January 28, 2021 1 minute ago, Chindie said: It's remarkable that the invisible hand of the market is king, until it isn't. There needs to be severe work done on the stock market. Killing the ability of retail investors to buy a share because it wasn't going how you'd like it to go is surely illegal, or needs to be made so. All of the measures done today have been in aid of manipulating the market to ensure those whose face fits are not allowed to be hurt by those that don't. Same as it ever was. Its the new banking bail out. Link to comment Share on other sites More sharing options...
Enda Posted January 28, 2021 Share Posted January 28, 2021 People simultaneously claiming the market is a bubble while also claiming shorting it is immoral. Okay, fella. (I’ve sympathy for Robinhood, too. They refused the business of anyone trying to buy a particular stock. That’s allowed, especially if you suspect there is something fishy about the trade.) 1 Link to comment Share on other sites More sharing options...
flamingsombrero Posted January 28, 2021 Share Posted January 28, 2021 It's all fun and deregulated games until the wrong type of people start to win. Link to comment Share on other sites More sharing options...
Recommended Posts