[Finance] Gamestop: anyone been following this tale?

[Pevenseagull]

'Robin Hood' my arse

 

[Bozza]

AMC dropping like a stone, others follow. wait a minute...

Gamestop closed at $193 yesterday having hit $492 intra-day.

However, in after-house and pre-market trading, it's pretty much doubled again, and is sitting around $380 before the bell.

 

[Razzoo]

When you have AOC and Ted Cruz both on the same side criticising the manipulation going on here you know it's bad. Will anything meaningful come from this though.

 

[Tyrone Biggums]

'Robin Hood' my arse

Google protecting the cabal by deleting over 100,000 negative 1 star ratings people left on Robinhood.

 

[SeagullDubai]

Is t it the punters that lose out rather than the hedge fund companies. Presumably if a short stock goes high then the hedge fund manager will sell other stocks to cover the losses in buying back the stock.

I remember having an argument with a fund manager over a situation in that if he is investing my money and the value decreases why should he be entitled to his commission?

Unless I’m am wrong it seems that fund and investment companies really cannot lose.


Sent from my iPhone using Tapatalk

 

[pastafarian]

Am I missing something. Ultimately gamestop is now an absurd, blatant bubble why not short it now?

Hold the line

 

[Lyndhurst 14]

I've been checking my US pension fund (401k) to see what damage had been inflicted on it as a result of this. It did dip slightly initially but has since recovered. In the last few weeks it had performed well because of the Biden effect. But it just shows how fickle and volatile the market has always been even before the advent of Redditors and day traders. It's been great to see the little guy turning the tables for a while and also some of the hedge funds have tried to move in for the kill on some of their competitors - well, there's no honour amongst thieves. But the hedge funds in general will not take too kindly to others pissing on their patch and will build this episode into their future strategy as much as they can to prevent a recurrence. There's a good movie called the Hummingbird Project with Jesse Eisenberg which looks at how in an increasingly digital world with high volume trading financial success and profit are measured in micro seconds

 

[Westdene Seagull]

I'm certainly no expert in this but I'm struggling to see the problem the Hedge Funds and authorities are complaining about. The Hedge Funds are betting on the stocks going down while the public investors are betting on the stock going up.

If anything 'shorting' should be banned - no 'borrowing' of stock should be allowed. Just buy and sell the stock you want to bet on.

 

[bha100]

Hedge funds lost around $30 billion playing this one a few years ago


https://www.youtube.com/watch?v=wM51X7xd60E

 

[elwheelio]

Is t it the punters that lose out rather than the hedge fund companies. Presumably if a short stock goes high then the hedge fund manager will sell other stocks to cover the losses in buying back the stock.

I remember having an argument with a fund manager over a situation in that if he is investing my money and the value decreases why should he be entitled to his commission?

Unless I’m am wrong it seems that fund and investment companies really cannot lose.


Sent from my iPhone using Tapatalk

I think the danger here, perceived or otherwise, is that the hedge funds (one specifically) is so exposed that it could go pop.

 

[Acker79]

https://www.upworthy.com/10-year-old-cashes-in-gamestop-stocks

 

[jackalbion]

It shows you how much people hate stockbrokers, as people are siding with the biggest losers on the internet, Reddit users.

 

[Dave the OAP]

I think the danger here, perceived or otherwise, is that the hedge funds (one specifically) is so exposed that it could go pop.

Hopefully this mans?

 

[nicko31]

Getting bad those late in the game, down 33% yesterday, down 50% today

Heard some young lad on the Radio this morning saying he wasn't selling out of principal to give them Hedge Funds a bloody nose

 

[beorhthelm]

certainly isnt going to plan. all sort of shady stuff going on. etoro had placed a SL on my position last night, had to remove or would have been out in today's fall.

 

[Shropshire Seagull]

Wasn't listening to a word that was said.

Well you should - maybe the last 3 words were just for you?

 

[beorhthelm]

since last post, has halved (Stopped out) and now doubled from low.

im sticking to crypto, much safer (buy the ETH break out)

 

[Justice]

I think the danger here, perceived or otherwise, is that the hedge funds (one specifically) is so exposed that it could go pop.

A client of mine who is a complete dick and his Mrs is worse used to own a hedge fund that blew up allegedly. Somehow he came out of it well living an a £30m in Mayfair as we speak..

 

[ditchy]

It shows you how much people hate stockbrokers, as people are siding with the biggest losers on the internet, Reddit users.

Stockbrokers will only execute your instructions or offer advice if wanted . I think you are confusing with hedge funds who aggressively bet against companies and the small shareholder when deemed necessary. Basically looking out for number one !

Stockbrokers would cease to exist in their client form if no clients gave them orders to execute on the market .

 

[Albion Dan]

since last post, has halved (Stopped out) and now doubled from low.

im sticking to crypto, much safer (buy the ETH break out)

Think we’re going to see a drop in btc value now till April. Remains to be seen if ETH can hold value.