Investing club

Discussion in 'Yellow Pages' started by hornmeister, Dec 20, 2017.

  1. Short selling itself isn't a scam. Knowledge about short positions is in the public domain, if people then chose to invest they do so knowing the risks, and knowing they are betting against professionals. Let the buyer beware.

    Selling shares that don't exist though should be illegal and result in jail time. You wouldn't be allowed to sell a car or a house that didn't exist.

    The only moral objection I have against shorting is it can artificially hold down the value of a business by discouraging investment and holding back recovery.
     
    Last edited: Feb 26, 2021
  2. hornmeister

    hornmeister Tired

    It's affected pretty much all markets and happens on all exchanges. When you knock confidence people sell, price drops. This eventually causes issues for the underlying companies.
    People who rely on a retirement income from their investments will get less and some people will panic and sell now when prices are low trying to "recover" as much as they can.

    People with excess cash, those this sort of action is meant to punish, will pile it at an artificially low price and make more money when this eventually goes away and things return to normal. In the end it's the little man that will lose.
     
  3. reids

    reids First Team

    I semi-agree, but all of what's happened with GameStock is the hedge fund + brokers own doing by allowing more than the total amount of available shares to be shorted.
     
    cyaninternetdog and hornmeister like this.
  4. hornmeister

    hornmeister Tired

    Agreed.
    Whilst on the surface it's quite amusing to manipulate the market to get the hedge funds into hot water when you look deeper into it it's bad news for everyone really. Unfortunately they are a necessary evil for retirement planning and savings when banks give rates lower than inflation because everyone is borrowed up to the hilt buying stuff they don't need. The only people that will profit are those in on and controlling the manipulation and in the end their profit will eventually come from joe bloggs not the hedge fund managers pockets.
     
  5. cyaninternetdog

    cyaninternetdog Forum Hippie

  6. reids

    reids First Team

  7. cyaninternetdog

    cyaninternetdog Forum Hippie

    Are you still in? Appears to be doing very well recently.
     
  8. reids

    reids First Team

    I am! I'm gonna hold until around the 19th, I'm currently up 115% since I bought in on the 1st!
     
    cyaninternetdog and luke_golden like this.
  9. cyaninternetdog

    cyaninternetdog Forum Hippie

    I couldnt afford to get in on GME ffs fml!!! I am in on AMC though which looks to be doing some weird stuff too so fingers crossed on that.
     
  10. luke_golden

    luke_golden Space Cadet

    Same. I picked up some YOLO’s when it was about $90 a couple weeks back. 230% gain thus far.

    Edit: price dropped $100 seconds after I posted. Haha.
     
    Last edited: Mar 10, 2021
  11. reids

    reids First Team

    A wild afternoon haha. Price dropped so quickly, I topped up at $218 as think this is the hedge funds last ploy to try and shake people off
     
  12. reids

    reids First Team

    Gonna sell this afternoon, GME is still really heavily shorted and it's entirely possible that there will be enough short squeeze on it but I can't see what that catalyst to spark it will be. Quad witching day came and went with not enough volume to really affect the share price a huge deal, earnings report yesterday wasn't great which was potentially another catalyst that has come and gone and ended up in disappointment. 14% up overall so will take the money and run!
     
  13. Optimistichornet

    Optimistichornet Penguin Assassin

    If GameStop decide to release more shares then the whole thing will plummet. Good decision to get out now I reckon @reids although shame you didn’t get out when 100% up. These stocks are so volatile I wouldn’t be surprised to see it drop to around the $60 mark and then shoot up again.

    Too risky for my money I think.
     
  14. reids

    reids First Team

    Yeah, I think my returns would've been higher but I bought a couple of dips after the price had increased a lot over the past couple of weeks and then fell which subsequently bought up my average buy price!
     
  15. luke_golden

    luke_golden Space Cadet

    Holding.

    YOLO.
     
  16. AndrewH63

    AndrewH63 Reservist

    I am pleased my decision to buy more Royal Mail shares last summer is paying off. High hopes that HSBC will come off too. I don’t have the time to spend looking at the markets as much as I should, but my self invested ISA is looking healthier than it has for a while. Roll out the vaccine, roll out consumer spending, let’s hope we will see longer sustained growth in equities over the next few years.
     
  17. reids

    reids First Team

    Up 20% since I sold. Classic :mad:
     
  18. Davy Crockett

    Davy Crockett Reservist

    So those who sold at £1:20 and those who have sold since @£5 +?
    Where do you think that money has come from ?
    It is a casino .
     
  19. reids

    reids First Team

  20. cyaninternetdog

    cyaninternetdog Forum Hippie

    They werent related to the meme stocks but the hedges that are are still deep in the sh1t. The bloke that ran that fund was banned from trading a few years back but did his time then came back and did the same thing again.
     
  21. reids

    reids First Team

    Yeah, I bought far too early, banks are still offloading their shares :(
     
  22. Davy Crockett

    Davy Crockett Reservist

    Unbelievable some of this **** .
    If it sounds too good to be true then it probably is .
    Keep your dough safe
    Don't listen to BS
    Too many crooks looking to take your cash with a
    get rich quick scheme
    Don't be the next hard luck story
     
  23. I've been closing my higher risk positions for the last 3-4 weeks, the market feels very fragile and with EU countries going into 3rd waves, screwing up vaccines , China v Taiwan etc etc I think a low risk strategy is the right one for me for now. I've taken most of the profit anyway from the rebound from last springs events.
     
  24. Davy Crockett

    Davy Crockett Reservist

    Listen mugs. I'm telling you now . Crypto is a con .
    Don't start whining when you have spunked your dough

    Last chance bellends .....
     
    CarlosKickaballs likes this.
  25. reids

    reids First Team

    I mean it isn't. The technology behind crypto is literally revolutionising some sectors include banking
     
  26. Davy Crockett

    Davy Crockett Reservist

    How does everyone win then ?
    It's a casino .
     
  27. reids

    reids First Team

    What do you mean by everyone wins? The technology behind it is being used in over 20% of banks currently, helping them do things they couldn't previously do before - that doesn't sound like a con to me.
     
  28. Call me a dinosaur but I don’t go near any of that crypto malarky. Its not real money it’s just a flash complicated voucher. You buy a voucher using real money, then you spend the voucher at participating gaffs. Put it this way, would you be happy if your employer paid you in vouchers?
     
  29. Davy Crockett

    Davy Crockett Reservist

    Your posts on this subject will not age well . History tells us this . But . Hey. Carry on by all means .
     
  30. reids

    reids First Team

    People have been saying the same thing about crypto for the last 10 years and it goes from strength to strength and gets more and more mainstream every single time.
     
  31. UEA_Hornet

    UEA_Hornet First Team Captain

    What are you comparing it with out of interest?
     
  32. luke_golden

    luke_golden Space Cadet

    Man who can’t figure out how to use a keyboard properly giving financial advice to a man who built an analysis business out of nothing.

    This forum.
     
    Arakel, UEA_Hornet and Diamond like this.
  33. reids

    reids First Team

    Maybe it's this history that's telling us this:


    [​IMG]

    Oh wait. :D
     
    Cude>2< and nornironhorn like this.
  34. Cude>2<

    Cude>2< First Team Captain

    Are you still in Clover? Sounds like a high short interest there
     
  35. Davy Crockett

    Davy Crockett Reservist

    The South Sea bubble and ... on and on ad finitum .
    To put it simply .
    When posters on a football forum are giving crypto currency tips .
    It's time to get out .
     

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