Current Affairs Stocks and shares and stuff

[LinekersLegs]

Ive got a bit of spare money sat in bank at minute and i feel im missing out on making a bit of a killing .But I've never traded stocks and wouldn't have a clue what im doing so don't think I'll risk it.

Trading can be both enjoyable and profitable if you do it right but that last bit of “doing it right” can often be pretty painful to learn, especially if the time/choice of stock for practicing is high momentum. Bit like tying to learn to canoe by going down class VI whitewater rapids!

It hasn’t the thrill of YOLO daytrading but starting out with paper trades is a good way of learning about investing and discovering what your personal style and risk/reward tolerance is https://www.investopedia.com/terms/p/papertrade.asp

Then progressing to a small stake in either an index fund or in a boring individual company that you have done some due diligence on is a lot safer if you want to dip your toe in the water!

 

[LinekersLegs]

BlackBerry execs sold shares as Reddit-driven rally started

Three BlackBerry executives, including the chief financial officer, sold $1.7 million of the telecoms technology firm's stock in the early days of this month's meteoric share price rise, filings with securities regulators show.

www.reuters.com

(Reuters) - Three BlackBerry executives, including the chief financial officer, sold $1.7 million of the telecoms technology firm’s stock in the early days of this month’s meteoric share price rise, filings with securities regulators show.
...
Chief Financial Officer Steve Rai sold almost 33,000 shares, his entire position in the company, according to a filing made with the U.S. Securities and Exchange Commission on January 21, in a trade valued at $428,731.

 

[LinekersLegs]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

In dollar terms, it means that Melvin lost over a whopping $7 billion in just one weekthanks to r/wallstreetbets. Here's the math:

It started the year with about $12.5 billion and now runs more than $8 billion. The current figure includes $2.75 billion in emergency funds Citadel LLC, its partners and Mr. Cohen’s Point72 Asset Management injected into the hedge fund last Monday.

What is even more stunning is that it took just days for Citadel and Point72 to be underwater on their $2.75 billion rescue financing: "So far, Citadel, its partners and Point72 have lost money on the deal, though the precise scope of the loss was unclear Sunday."

This also means that as the squeeze of GME and other companies continues, it is leading to billions in losses for the two funds and may explain why Robinhood - whose biggest customer is Citadel (as the WSJ separately reports 29% of Gamestop trading volume on Thursday was handled by Citadel, which means that Citadel is caught in an unprecedented conflict of interest) - was so quick to halt trading on Thursday and limit it to just one share on Friday.

 

[LinekersLegs]

 

[Efcjake]

The scary thing about all of these social media pushed financial products whether it be GME stocks or bitcoin is the opportunity for someone anonymous to generate hype for stuff and con a willing community of buyers with decent purchasing power is very possible.

Just think of what would happen if "Q" told every one of their followers to buy a particular stock or crypto coin because they had invested in it and could stand to profit off of an uninformed and dedicated online community that has no problem taking anonymous information at face value.

This GME short situation is a bit unique but other price drives I've seen generated online this week, like with AMC and dogecoin, are a little concerning when you know that someone is going to be left holding the over-valued product at the end of the day and there are lots of parties who can profit from that manipulation.

 

[LinekersLegs]

 

[LinekersLegs]

 

[mill]

The scary thing about all of these social media pushed financial products whether it be GME stocks or bitcoin is the opportunity for someone anonymous to generate hype for stuff and con a willing community of buyers with decent purchasing power is very possible.

Just think of what would happen if "Q" told every one of their followers to buy a particular stock or crypto coin because they had invested in it and could stand to profit off of an uninformed and dedicated online community that has no problem taking anonymous information at face value.

This GME short situation is a bit unique but other price drives I've seen generated online this week, like with AMC and dogecoin, are a little concerning when you know that someone is going to be left holding the over-valued product at the end of the day and there are lots of parties who can profit from that manipulation.

I’m going to put my tin foil hat on now but there are also lots of reasons why various ‘unfriendly’ states might want financial instability too. That thought has crossed my mind a bit more recently.

Middle of a pandemic, new administration in the US and a difficult handover, geopolitical uncertainty in Europe.

It’s not a bad time to unsettle things further and I certainly wouldn’t surprise me if the internet and specifically places like Reddit could be used as a tool to promote civil unrest.

<removes tin foil from head>

 

[tsubaki]

I’m going to put my tin foil hat on now but there are also lots of reasons why various ‘unfriendly’ states might want financial instability too. That thought has crossed my mind a bit more recently.

Middle of a pandemic, new administration in the US and a difficult handover, geopolitical uncertainty in Europe.

It’s not a bad time to unsettle things further and I certainly wouldn’t surprise me if the internet and specifically places like Reddit could be used as a tool to promote civil unrest.

<removes tin foil from head>

TBF one does wonder what else it needs to do before people think “gee, perhaps this social media isn’t a good thing?”.

 

[LinekersLegs]

 

[LinekersLegs]

 

[LinekersLegs]

 

[LinekersLegs]

Who wouldn't just jump at the chance to invest in a fund with such poor risk management?

 

[LinekersLegs]

 

[wm02]

Who wouldn't just jump at the chance to invest in a fund with such poor risk management?

Lol. He just bought the Mets.
As a long-suffering Mets fan, I think I know where this is going