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28-01-2021, 02:00 AM | #1 | |||
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Last edited by arista; 28-01-2021 at 10:09 AM. |
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28-01-2021, 03:05 AM | #2 | |||
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Senior Member
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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 |
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28-01-2021, 06:32 AM | #3 | |||
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Quand il pleut, il pleut
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...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... |
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28-01-2021, 08:37 AM | #4 | |||
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This Witch doesn't burn
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Quote:
__________________
'put a bit of lippy on and run a brush through your hair, we are alcoholics, not savages' |
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28-01-2021, 08:43 AM | #5 | |||
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This Witch doesn't burn
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They have hedges round their houses
__________________
'put a bit of lippy on and run a brush through your hair, we are alcoholics, not savages' |
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28-01-2021, 08:53 AM | #6 | ||
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28-01-2021, 09:05 AM | #7 | ||
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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. |
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28-01-2021, 09:51 AM | #8 | |||
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Ammi the Lady has Shares show owns she has done acting and is a scriptwriter and towards the end she gets emotional. Last edited by arista; 28-01-2021 at 09:57 AM. |
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28-01-2021, 09:52 AM | #9 | |||
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Thank you James for the Real Time story that lady is talking about. |
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28-01-2021, 09:54 AM | #10 | |||
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Yes meaning the many that do not go into share buying, like our Ammi. Last edited by arista; 28-01-2021 at 10:06 AM. |
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28-01-2021, 10:09 AM | #11 | |||
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28-01-2021, 11:13 AM | #12 | ||
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Banned
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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.
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28-01-2021, 11:52 AM | #13 | |||
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[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 |
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28-01-2021, 11:58 AM | #14 | |||
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This Witch doesn't burn
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Quote:
__________________
'put a bit of lippy on and run a brush through your hair, we are alcoholics, not savages' |
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28-01-2021, 12:15 PM | #15 | ||
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Banned
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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.
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28-01-2021, 02:07 PM | #16 | ||
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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 .
Last edited by Toy Soldier; 28-01-2021 at 02:11 PM. |
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28-01-2021, 02:10 PM | #17 | ||
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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. |
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28-01-2021, 06:26 PM | #18 | |||
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28-01-2021, 06:28 PM | #19 | |||
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¯\_(ツ)_/¯
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sums things up for me, too
__________________
Spoiler: |
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29-01-2021, 12:11 AM | #20 | |||
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29-01-2021, 01:33 PM | #21 | |||
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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 Last edited by arista; 29-01-2021 at 02:35 PM. |
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29-01-2021, 02:29 PM | #22 | |||
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You know my methods
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now Reddit know they can do this
this will happen again |
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29-01-2021, 03:14 PM | #23 | |||
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29-01-2021, 03:42 PM | #24 | |||
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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 [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 |
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29-01-2021, 03:56 PM | #25 | |||
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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.] Last edited by arista; 29-01-2021 at 03:58 PM. |
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