The biggest issue I have with this idea is that the hedge funds and what not have the ability to do some really shady crap that nobody goes at. There was clear ladder attacks going on with the GME stock.
Current Affairs Stocks and shares and stuff
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The biggest issue I have with this idea is that the hedge funds and what not have the ability to do some really shady crap that nobody goes at. There was clear ladder attacks going on with the GME stock.
What are ladder attacks? As I mentioned previously I’ve been out of the weeds of active trading for a few years and am not familiar with the term.
evilwebby
Player Valuation: £50m
Haven't really been following this GME stuff, but I'm pretty sure its going to script.
Massive bubble, massive pop, a few smart big winners, an overwhelming majority of retail traders losing their shirts.
What did you think was going to happen?
The stock is essentially worth zero. Everyone buying above that price is essentially forgetting or ignoring that inconvenient fact. Eventually it will go to zero.
This silliness started last year with Hertz if you remember (which you probably don't)... it's a very clear sign nowthat we are near to a 2000/2007 style major top.
Massive bubble, massive pop, a few smart big winners, an overwhelming majority of retail traders losing their shirts.
What did you think was going to happen?
The stock is essentially worth zero. Everyone buying above that price is essentially forgetting or ignoring that inconvenient fact. Eventually it will go to zero.
This silliness started last year with Hertz if you remember (which you probably don't)... it's a very clear sign nowthat we are near to a 2000/2007 style major top.
Yarrgh
Player Valuation: £80m
I came out even... It was fun to ride the craziness but I should have pulled out earlier to take a profit. A big % loss on ripple (but it was a deal for less than a price of pair of shoes), but I expect that to come back again. I averaged out nakd and am now green in that overall.
I spent not a lot, and had fun. In the meanwhile, my steady long term stuff all went up a few percent!!! I'm still up for the week due to the sensible market tracking style options... lesson learnt!
I spent not a lot, and had fun. In the meanwhile, my steady long term stuff all went up a few percent!!! I'm still up for the week due to the sensible market tracking style options... lesson learnt!
Mrk
Player Valuation: £40m
Spot on about GME. Well done to those who made some quick money, but there's no getting away from the fact that they made that money off the backs of thousands of other small investors who lost a lot. Nothing wrong with that of course, just goes to show why these things always end in tears.
I'm not quite sure it suggests that we're near a market top/in a bubble though. Valuations are historically high, but earnings for many companies have held up very well over the past 12 months, and with interest rates at pretty much zero, equities are the only game in town. We're due a healthy 10-15% correction at some point, but there's far too much liquidity in the markets for a crash.
Sassy Colombian
Member: Team PoP
It doesn't surprise that the wall street institutional investors were behind this scheme. Time for a serious investigation to happen.
"The prevailing narrative was that a band of Reddit-inspired small traders rose up against Wall Street by buying GameStop en masse, forcing a short squeeze by professional hedge fund managers, who were forced to run and cover their negative bets or risk catastrophic losses. But several signs are pointing to institutional investors as big drivers of the wild price action on the way up."
www.cnbc.com
"The prevailing narrative was that a band of Reddit-inspired small traders rose up against Wall Street by buying GameStop en masse, forcing a short squeeze by professional hedge fund managers, who were forced to run and cover their negative bets or risk catastrophic losses. But several signs are pointing to institutional investors as big drivers of the wild price action on the way up."
GameStop mania may not have been the retail trader rebellion it was perceived to be, data shows
Data shows institutional investors as drivers of some of the wild price action in GameStop last week.
Mrk
Player Valuation: £40m
So only individual investors should be allowed to try and force a short squeeze? I don't see why institutions shouldn't be allowed to do that too.It doesn't surprise that the wall street institutional investors were behind this scheme. Time for a serious investigation to happen.
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"The prevailing narrative was that a band of Reddit-inspired small traders rose up against Wall Street by buying GameStop en masse, forcing a short squeeze by professional hedge fund managers, who were forced to run and cover their negative bets or risk catastrophic losses. But several signs are pointing to institutional investors as big drivers of the wild price action on the way up."
GameStop mania may not have been the retail trader rebellion it was perceived to be, data shows
Data shows institutional investors as drivers of some of the wild price action in GameStop last week.
Sassy Colombian
Member: Team PoP
Mrk
Player Valuation: £40m
Surely this goes without saying? To quote part of the tweet @LinekersLegs posted the other day: "The stock market is 'rigged' against individual investors in the same way professional baseball is 'rigged' against beer-league softball players."
Professional institutions have more brainpower and money, so of course they have an advantage, but on the flip side, individual investors also have advantages as it's a lot easier to multiply small sums of money.
I'm sure there's many things that can and should be fixed in the markets to make them more equitable, but the fact is, for most people all you need to do is buy an index fund, regularly contribute to it and try and forget about it for as long as possible and you'll come out of it very, very well - often better than many institutions.
If you had fun, learnt some things and still came out a bit ahead I’d call that a major win - my early forays into stock trading were a lot more painful lol
Mrk
Player Valuation: £40m
Can't believe I missed out on shorting avocado.
you could short Liverpool points early in the season at 90
they are 73 now
Us are a buy at 60 now, that looks good.
they are 73 now
Us are a buy at 60 now, that looks good.
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