USA Chic talks about the Stock Market bad boys
 

Avolon
maybe next time Write it all out
so you can speak less emotionally.

Article about what is happening -

"‘Dumb Money’ Is on GameStop, and It’s Beating Wall Street at Its Own Game

GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street."

From https://www.nytimes.com/2021/01/27/b...reet-bets.html

...why is the lady so emotional/who is she...?...


....I don’t really fully understand Trading but never seems very ethical to me because businesses/companies are people’s lives and livelihoods ...as people’s lives are falling apart, others are cheering and walking on air with their ‘pay off’...I can’t get in board with any of it...

My son put some money in this, might go belly up but he is enjoying the battle

They have hedges round their houses :laugh:

Its a joke, she starts by saying she can explain it for "normal people" but then can't explain it well and it makes no sense (because stock market trading is convoluted nonsense).

It WILL go belly up, the gamble is in cashing out when the stock peaks to make maximum profit before it crashes.

The overall aim of the... Erm... "movement" is to destroy the hedge fund that was trying to make the stock worthless in the first place, and isn't actually about making money (they are willing to lose the investment for the cause).

The overall aim I guess is to make these unethical traders wary of playing such brazen games with stock shorting.

Ammi the Lady has Shares show owns
she has done acting and is a scriptwriter
and towards the end she gets emotional.

https://pbs.twimg.com/media/EsruvRpU...jpg&name=small

Thank you James
for the Real Time story
that lady is talking about.

Yes meaning the many that do not go into share buying,
like our Ammi.

It's funny how quick the US government are to get involved in all of this, it's only the rich that can do such things, everyone else must know their place, it seems.

[GameStop's three largest shareholders earn
over $2bn amid stock surge

Shares rise as video game retailer
is at the center of a frenzied duel
between Wall Street and small investors]

[Over the past two weeks, according to CNBC,
Cohen’s net worth increased an average
of $90m a day, or nearly $4m per hour,
as GameStop stock has surged
more than 1,550% this year alone.]


https://www.theguardian.com/business...id-stock-surge

Depends when he cashes out, if he did it now he would be up, it’s more the principle for him and he knows he could lose it, I think because it is GameStop which is close to his heart as as a gamer as well that got him ‘invested’

I can only cheer them on, they're revealing an ugly truth about the stock market, and they're bleeding hedge funds while doing it. Eat the rich.

GameStop shouldn't be close to any real gamer's heart, they give people like £4 for a 2nd hand game and then sell it to someone else for £25 :suspect:.

Yeah I'm all for it in terms of it wrecking the confidence of the people who have been happy to manipulated markets for huge profit. Basically, they deliberately devalue stock that is falling, repeatedly... Because the lower they can get it, the more profit they can skim. On this occasion, they tried to get the stock to bust completely (be worth zero) so that they could make pure profit... But people noticed and ****ed it up for them.

I heard it described as the hedge fund managers "getting caught with their hand in the cookie jar" and I think that's quite apt. They've been badly burned for it...and that's a very good thing, because if they'd pulled it off once, they'd have kept doing it.

sums things up for me, too

Left Wing Political like Horrid Cortez
is talking about this.

AMC Cinema Shares have Shot UP
due to be shot down.

robinhood app is free to use
They Restricted Stock selling on Games stop.
all they could do is sell it.
A new Company that was not ready for this.


Ref: SkyNewsHD Live

now Reddit know they can do this

this will happen again

SkyNewsHD Live Business update
Citron Research has had to Halt.

Meanwhile
YouTuber 'Roaring Kitty'
has been one of the key
cheerleaders of the GameStock rally
https://i.dailymail.co.uk/1s/2021/01...1777808356.jpg


https://i.dailymail.co.uk/1s/2021/01...1794741991.jpg


[Reddit group that drove GameStop shares 1,700% higher
and cost Wall Street short-sellers billions briefly goes PRIVATE
and messaging platform Discord BANS their server for 'hate speech'
in the wake of SEC and White House 'monitoring'

GameStop shares rose another 130% on Wednesday
amid a Reddit buying frenzy
The struggling company runs a chain of video game
stores across the country
Group WallStreetBets is leading charge to
inflate stock and punish hedge funds
GameStop stock is up 1,700% since January 1 in run
that hurt short sellers
Hedge funds Citron and Melvin Capital likely
lost billions as the shares rose
But GameStop's three largest shareholders have
gained $3B in recent moves
They include board member Ryan Cohen,
whose shares are up more than $2B
GameStop CEO Geroge Sherman is up $500M
and investor Donald Foss $800M
TD Ameritrade instituted unprecedented
restrictions on GameStop stock
Wall Street investors express alarm
and say they have never seen anything like it
When the bubble collapses all of the
shareholder gains could be wiped out
Biden's press secretary says that his
team is 'monitoring the situation']


https://www.dailymail.co.uk/news/art...two-weeks.html

https://www.bbc.co.uk/news/business-55843829

[GameStop: Meet the amateur traders fighting Wall Street
Until the start of the pandemic, it had never
occurred to Alex Patton that he could
become an amateur trader.
But now, in the wake of the GameStop shares frenzy,
he is something of an unlikely
veteran of the financial markets.

"Before Covid struck, I didn't know the
first thing about investing," says the
28-year-old railway cyber-security engineer,
of Kingston upon Thames, south-west London.

But after the stock market took a
bad tumble in March last year and dealt
his pension savings a blow, he decided that
he should, as he puts it,
"take a more active role in managing my money".

As a dual national with British and
American citizenship, he had no
difficulty in setting up an account
with US trading platform Robinhood,
which has found itself at the
centre of the GameStop furore.]


[Eighteen-year-old Myron Sakkas,
of Coventry, who is studying at Warwick University,
lost £30 on GameStop shares,
which he owned for "a couple of hours" and
sold when he saw what was happening.
He has had an account on the Trading 212 platform
since August last year and is hoping to go into
investment banking after he gets his degree.

But for now, he is disillusioned by what he sees as
"market manipulation" directed against people like him.
For him, there was a definite target in the GameStop
share wars: as he puts it,
"the people that were responsible
for [the financial crisis of] 2008
and were never held responsible".

"We understand that there are risks, but this wasn't
an actual crash. It was caused by people protecting
corporate interests and normal people lost again.]