[arista]

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

[James]

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

[Ammi]

...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...

[user104658]

Originally Posted by Ammi

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

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).

[arista]

Originally Posted by Toy Soldier

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).

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

[arista]

Originally Posted by Ammi

...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...

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

[Shaun]

Originally Posted by Ammi

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...

sums things up for me, too

[Cherie]

Originally Posted by James

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

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

[Cherie]

They have hedges round their houses

[user104658]

Originally Posted by Cherie

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

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.

[Cherie]

Originally Posted by Toy Soldier

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.

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’

[user104658]

Originally Posted by Cherie

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’

GameStop shouldn't be close to any real gamer's heart, they give people like Ł4 for a 2nd hand game and then sell it to someone else for Ł25 .

[arista]

Originally Posted by James

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

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

[arista]

[Tom4784]

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.

[arista]

[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

[Tom4784]

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.

[user104658]

Originally Posted by Dezzy

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.

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.

[arista]

[arista]

[arista]

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

[Crimson Dynamo]

now Reddit know they can do this

this will happen again

[Scarlett.]

Originally Posted by LeatherTrumpet

now Reddit know they can do this

this will happen again

I hope so

[AnnieK]

Originally Posted by Scarlett.

I hope so

I heard the Reddit people are going to.move to Blackberry on Wednesday.

Its been great to watch this unfold

[arista]