Qward
Because! That's why!
I use google to check what GME, NOK are at in the stocks and now youtube wont stop pushing CNBC,
FFS
FFS
Could be worse,I use google to check what GME, NOK are at in the stocks and now youtube wont stop pushing CNBC,
FFS
This GameStop play is absurd. My son wants to buy in, and he iskicking himself for not buying in like his friends did at 50 and at 90, it think it is over 300 now in 24 hours ,and they are forecasting maybe 1k by Friday. This , for a 19yr old kid, is the best way to invest. But as dad, I am ot worried about this trade, it will be the next one when you are making investments that are not found in business principles
Nah man. The HF got caught shorting 140% of available shares (lol how is this possible?) and very publicly I might add. The pre-2000s tech crash is completely different in this case. This is retail investors making a concerted effort to re-distribute welath. I'm just wondering what colour 911 to buyVery reminiscent of the pre-2000 tech crash. Get all the little people into these plays then pull the rug out.
It's a black swan event. I mostly invest in stocks, not trade meme stocks like this but I gotta say it's paying off. So many people are going to get rich from this. To be honest it looks like a paradigm shift, and we may see significant change to the hedge fund landscape.This GameStop play is absurd. My son wants to buy in, and he iskicking himself for not buying in like his friends did at 50 and at 90, it think it is over 300 now in 24 hours ,and they are forecasting maybe 1k by Friday. This , for a 19yr old kid, is the best way to invest. But as dad, I am ot worried about this trade, it will be the next one when you are making investments that are not found in business principles
Nah man. The HF got caught shorting 140% of available shares (lol how is this possible?) and very publicly I might add. The pre-2000s tech crash is completely different in this case. This is retail investors making a concerted effort to re-distribute welath. I'm just wondering what colour 911 to buy
It is an easy game. You can learn how to play in a week. The real con in all of this is the institutions perpetuating that you need an 150 IQ to play. It's simple numbers and research.I just think I am hearing about too many people playing in the market thinking it’s an easy game
It is an easy game. You can learn how to play in a week. The real con in all of this is the institutions perpetuating that you need an 150 IQ to play. It's simple numbers and research.
It's a black swan event. I mostly invest in stocks, not trade meme stocks like this but I gotta say it's paying off. So many people are going to get rich from this. To be honest it looks like a paradigm shift, and we may see significant change to the hedge fund landscape.
I just think I am hearing about too many people playing in the market thinking it’s an easy game
I got in at low enough that I don't think I will be burned. I am up 600% on my position. I think the squeeze has yet to happen. Just a crazy day today. I also am an an experienced investor and my initial buy in was more "fun money" - well within my risk tolerance.Did you get in on this?
A lot of people will also lose a ton, look at AMC today...crazy times. It is a heck of a story. I think a lot of people are going to be arrested after what happened today. I can't believe they stopped people from buying, only allowed selling? How did that happen?
Excellent, we are going to have to follow your meteoric rise to , I think my son said 9,000.00, stock price valuation!I got in at low enough that I don't think I will be burned. I am up 600% on my position. I think the squeeze has yet to happen. Just a crazy day today. I also am an an experienced investor and my initial buy in was more "fun money" - well within my risk tolerance.
The buying thing was a big hurdle...it totally tanked volume. That I mean, can you really say it was anything other than massive collusion and corruption? Robinhood channels to Citadel, Point72, Steve Cohen...yuck.
A number of online brokerage firms are preventing people from buying GME, only allowing selling.
This shit is so f***ing rigged.
It’s extremely volatile, 5 figure drops and climbs inside of a minute lol. You really need balls of steel for this one, but I am riding off pure spite I suppose. Never seen anything like that. And yeah hopefully I can grab a couple duplex/triplex at 20% down or something.Excellent, we are going to have to follow your meteoric rise to , I think my son said 9,000.00, stock price valuation!
I haven’t posted in this thread in over a year but is anyone else absolutely scared sh*^less about what happened with GameStop?
Like this is just the beginning - and that if the SEC doesn’t do some drastic regulatory changes that we may see the end of the stock market, the loss of virtually every 401K and the end of the American dollar as the global currency standard?
I am honestly more scared about this than COVID-19. And I was one of the guys in January calling how dark COVID could get.
Get rid of shorting stocks?I haven’t posted in this thread in over a year but is anyone else absolutely scared sh*^less about what happened with GameStop?
Like this is just the beginning - and that if the SEC doesn’t do some drastic regulatory changes that we may see the end of the stock market, the loss of virtually every 401K and the end of the American dollar as the global currency standard?
I am honestly more scared about this than COVID-19. And I was one of the guys in January calling how dark COVID could get.
I haven’t posted in this thread in over a year but is anyone else absolutely scared sh*^less about what happened with GameStop?
Like this is just the beginning - and that if the SEC doesn’t do some drastic regulatory changes that we may see the end of the stock market, the loss of virtually every 401K and the end of the American dollar as the global currency standard?
I am honestly more scared about this than COVID-19. And I was one of the guys in January calling how dark COVID could get.
Hopefully it screws everything up.
Over half the population aren't into the market and have no retirement savings or 401ks to worry about. For the majority, a total destruction of the current corrupt "free" market system can only be a plus. The way it's done right now the entire thing might as well be monopoly money. None of it is moral in any sense, and only benefits those whoa re already wealthy.
Wont comment on the rest of the post, because I don't really understand it. But, wrt the bolded -- two points:
1. Some of the biggest institutional investors in Hedge Funds are pension plans. Eg, the Ontario Teachers Pension Plan has about $36B Cdn in publicly traded equity, and much of that is in hedge funds (Asset Mix - Ontario Teachers' Pension Plan).
So, every teacher who ever receives their pension from that plan will benefit from the public markets. I expect the same is true of the other PS pension plans, but dont really know where to find those. Are these "wealthy" people?
2. ANYONE who has any long term savings can easily benefit from the markets. Read any book on "passive investing" .... in a nutshell the idea is to regularly put your money into an index ETF. For example if you just buy into the S&P 500 index (eg the BMO ZSP), then you realize the long term gains of the market at very low fees. This requires zero knowledge or understanding (just go to your bank and ask them for it), very little ongoing effort, and can be done with very small investments. Over the long term, these S&P 500 ETFs regularly outperform most hedge funds and almost all mutual funds.
That's just it. Half the population has no long term savings, or is financially incapable of saving. That's the whole point. I don't think folks in the central and upper middle class range realize just how many folks are struggling beneath them these days. For many, a good month is not falling further into debt. Saving and/or investing is a pipe dream.