1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Dear Guest, Please note that adult content is not permitted on this forum. We have had our Google ads disabled due to some posts that were found from some time ago. Please do not post adult content and if you see any already on the forum, please report the post so that we can deal with it. Thanks, scara
    Dismiss Notice
  3. Please read this post: https://www.glory-glory.co.uk/community/threads/fund-raising-for-jeremy-yermiyahu.10542/
    Dismiss Notice

Buy the dip.

Discussion in 'Randomination' started by Danishfurniturelover, 28 Feb 2020.

  1. Diamond Lights

    Diamond Lights Gus Poyet

    Joined:
    18 Jan 2012
    Messages:
    1,352
    Likes Received:
    1,834
    Location:
    North Stand
    this is a big deal guys, massive. it's a free market, it's what capitalism is based on.

    What we've seen is akin to you winning big on a blackjack a casino table and then they tell you, you need 22 to win instead of 21.

    Will be interesting to see where things go from here, but this isn't over by a long shot. What happened yesterday is regular people were barred from trading in shares so hedge funds could continue to trade in those same shares, lower the price, and make themselves money whilst fudging over regular investors.
     
  2. LutonSpurs

    LutonSpurs Eric Dear

    Joined:
    13 Jan 2012
    Messages:
    3,499
    Likes Received:
    2,713
    Some would say the market has never really been free. Financial reform should be the objective if this can become any meaningful revolution of sorts.
     
    Bedfordspurs likes this.
  3. DTA

    DTA Alan Hutton

    Joined:
    21 Jan 2014
    Messages:
    2,519
    Likes Received:
    1,108
    They have actually prevented freetrade and their customers from buying any American stock because of this they are limiting the FX transactions or something.

    This actually has tinkled me off a little.
     
    Danishfurniturelover likes this.
  4. ricky2tricky4city

    ricky2tricky4city Paul Robinson

    Joined:
    14 Jan 2012
    Messages:
    10,189
    Likes Received:
    7,959
    Location:
    south shore
    I think there is a bigger can of worms here that could potentially be opened.
     
  5. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

    Joined:
    15 Jan 2012
    Messages:
    17,238
    Likes Received:
    9,309
    Location:
    RIP. Coronavirus 2020
    Should tinkle you off a lot.

    It goes against everything I stand for with regards democracy and freedom.
     
    DTA likes this.
  6. SpurMeUp

    SpurMeUp Steffen Freund

    Joined:
    5 Feb 2012
    Messages:
    14,243
    Likes Received:
    6,206
    No doubt Robbin Hood has been financed by, or associates with, large investors or Hedge Funds.

    But all this does is publicise their app and generate more custom.

    We’ve seen the ‘democratisation’ of various industries with the advent of new tech - publishing, film making etc maybe we will see the same in the finance sector. Billionaires colluding to multiply their billions behind closed doors could be replaced by a stronger force of many small investors. ...but I wouldn’t count on it.

    With the sums at stake the pigs at the trough won’t give up their place easily.


    Sitting on my porcelain throne using glory-glory.co.uk mobile app
     
  7. Bedfordspurs

    Bedfordspurs Ralph Coates

    Joined:
    14 Jan 2012
    Messages:
    29,658
    Likes Received:
    18,810
    Great post
     
    LutonSpurs likes this.
  8. SteveAWOL

    SteveAWOL Tom Huddlestone

    Joined:
    23 Jan 2012
    Messages:
    13,948
    Likes Received:
    11,181
     
    DTA likes this.
  9. SteveAWOL

    SteveAWOL Tom Huddlestone

    Joined:
    23 Jan 2012
    Messages:
    13,948
    Likes Received:
    11,181
  10. Gazza Dazzla

    Gazza Dazzla Michael Carrick

    Joined:
    28 Jan 2012
    Messages:
    6,695
    Likes Received:
    4,794
    Reddit crowd getting squeezed out of the commodity market, silver down 5% today. The exchange increased initial margin yesterday by 200%, making it more expensive to enter in to new positions.
     
  11. awesome dawson

    awesome dawson Dean Austin

    Joined:
    23 Jan 2012
    Messages:
    4,782
    Likes Received:
    2,905
    upload_2021-2-3_17-39-20.png

    Gamestop's almost back to its regular price now.
     
  12. 3DSpur

    3DSpur William Gallas

    Joined:
    15 Jan 2012
    Messages:
    1,068
    Likes Received:
    310
    Today is going to be something for alot of people.
     
  13. Diamond Lights

    Diamond Lights Gus Poyet

    Joined:
    18 Jan 2012
    Messages:
    1,352
    Likes Received:
    1,834
    Location:
    North Stand
    There's two views on GME:

    Rome wasn't built in a day.
    But it did collapse in a day.
     
  14. Gazza Dazzla

    Gazza Dazzla Michael Carrick

    Joined:
    28 Jan 2012
    Messages:
    6,695
    Likes Received:
    4,794
    Magnificently cryptic!
     
  15. SpurMeUp

    SpurMeUp Steffen Freund

    Joined:
    5 Feb 2012
    Messages:
    14,243
    Likes Received:
    6,206
    The publicity alone should be worth $Xb. I know nothing about the company, but if it has any kind of viable online store, and a half-decent strategy to ride this publicity wave (small company vs short-selling sharks) it should be able to do well. See Tesla. You can't buy the publicity it has recieved. It has its own narrative which it should be able to tap.
     
  16. Diamond Lights

    Diamond Lights Gus Poyet

    Joined:
    18 Jan 2012
    Messages:
    1,352
    Likes Received:
    1,834
    Location:
    North Stand
    Tesla announced a recall yesterday. Share price was up.
     
  17. SpurMeUp

    SpurMeUp Steffen Freund

    Joined:
    5 Feb 2012
    Messages:
    14,243
    Likes Received:
    6,206
    Tesla was a precursor to GME in a way. They beat the short-sellers with massive public backing. Which also publicised the product and created brand loyalty. Can GME also turn the publicity into sales?
     
    Last edited: 3 Feb 2021
  18. scaramanga

    scaramanga Sonny Walters Staff Member

    Joined:
    13 Jan 2012
    Messages:
    30,472
    Likes Received:
    17,493
    A cynic might think that Reddit was full of professional traders using all the mugs to make them more money.
     
    johnola likes this.
  19. awesome dawson

    awesome dawson Dean Austin

    Joined:
    23 Jan 2012
    Messages:
    4,782
    Likes Received:
    2,905
    For once I think you might be right!
     
  20. johnola

    johnola Terry Fenwick

    Joined:
    18 Jan 2012
    Messages:
    2,420
    Likes Received:
    1,026
    Location:
    Surrey
    I think it was a genuinely futile mania of boredom and free money.
     

Share This Page