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Post by mekon on Jan 29, 2021 17:44:01 GMT
I was reading that potentially anticapitalist types are thinking about pulling this stunt in other areas to mess with the hedge funds etc.
I guess until social media etc. it was hard to get enough people together to pull these stunts.
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Post by mekon on Jan 29, 2021 17:50:42 GMT
Also read that Robinhood is partly owned by the hedgers that initially got burnt.... Hmmm
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Post by philthewindsurfer on Jan 29, 2021 18:59:31 GMT
I bet the hedge fund managers get first dibs on any shares going at say $50 if he has ordered millions. In the same way as any large volume buyer of secondhand cars gets first dibs on any low mileage good condition cars a hire/fleet might sell off. Its a bit tough for the little man on the street but isn't it all like that? Its good that the short sellers are getting a thrashing as I dont think its a good practise. Yes agree. I was not aware the little man on the street would ever be able to swing a stock price like this. How many buyers are there and in what volume do you have to trade to start to move a stock like that? I have no idea. But it appears to be happening... Companies typically dislike the short sellers as it naturally helps drive down their stocks. Thats what made the whole Porsche VW thing such a win - they saw it coming and completely screwed them over. Looking back over a decent time, anywhere between 1.5 million to 3 million trades a day was normal. The last 20 days anywhere between 33,471,790 and 197,157,900 average 105,108,301. It doesn't tell you how many unique buyers there are or the volume of share per deal. These days you can have computer systems sitting there which use algorithms to buy/sell shares if they show a trend of moving upwards or downwards. I think once a share starts moving it self perpetuates. And if you have a forum where people highlight the fact thats a bonus. Thats volume of shares traded I guess, not number of deals. |
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Post by philthewindsurfer on Jan 29, 2021 19:08:33 GMT
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Post by philthewindsurfer on Jan 29, 2021 19:22:08 GMT
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Post by spuu on Jan 29, 2021 19:26:33 GMT
You'd think that - but some of these men on the street have just made a shit load of cash - and they can use it to push the market more and buy that kind of size. I'd guess that its snowballing in this way in some form. What Mekon says above is correct - this could be a Pandoras box moment for future stuff |
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Post by philthewindsurfer on Jan 29, 2021 19:37:53 GMT
Also read that Robinhood is partly owned by the hedgers that initially got burnt.... Hmmm It does look like Robinhood stopped the trading of the stock rather than the stock market temporary suspending trading. Its going to be interesting to see what happens next. Will the Establishment throw the book at them or just a matey clip around the ear. |
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Post by philthewindsurfer on Jan 29, 2021 19:49:54 GMT
You'd think that - but some of these men on the street have just made a shit load of cash - and they can use it to push the market more and buy that kind of size. I'd guess that its snowballing in this way in some form. What Mekon says above is correct - this could be a Pandoras box moment for future stuff Guess so. If it was me I'd pocket my initial spend + 1/2 the profits and carry on. Effectively they are betting with free money. |
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Post by mekon on Jan 29, 2021 23:40:10 GMT
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Post by philthewindsurfer on Jan 30, 2021 9:22:52 GMT
Well there you go. Anti-capitalists wanting to destroy banks. We can then go back to growing our own crops to barter with other people to buy tools.
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Post by mekon on Jan 30, 2021 9:54:37 GMT
Who runs Bartertown?
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Post by philthewindsurfer on Jan 30, 2021 10:01:37 GMT
Whoever has the biggest guns.
I dont think the World needs another financial crash at the moment.
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Post by mekon on Jan 30, 2021 17:26:28 GMT
wrong answer Phil  |
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Post by philthewindsurfer on Feb 5, 2021 17:22:20 GMT
www.bbc.co.uk/news/uk-england-suffolk-55948440A woman has been inundated with thousands of requests for financial advice and trading tips after people misinterpreted her surname.
Zoah Hedges-Stocks, from Suffolk, stated on Twitter hers was "not a finance account" and did "not have any trading advice" in response to a flurry of queries about GameStop shares.
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