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 Administrator Staff Member

    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 Squad Player

    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 Administrator Staff Member

    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 Squad Player

  7. cyaninternetdog

    cyaninternetdog Forum Hippie

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

    reids Squad Player

    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 Squad Player

    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 Squad Player

    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 Squad Player

    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 Squad Player

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

    Davy Crockett First Year Pro

    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 Squad Player

  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 Squad Player

    Yeah, I bought far too early, banks are still offloading their shares :(
     

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