JMDP Posted January 27, 2021 Share Posted January 27, 2021 (edited) 2 hours ago, jamamafegan said: Anyone currently investing into a green energy fund that’s doing alright just now? Yeah, I stuck quite a bit in that (ishares) about a year ago. Just saw it is 5% down today though. Edited January 27, 2021 by JMDP 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted January 27, 2021 Share Posted January 27, 2021 The whole Reddit/GameStop thing is absolutely fucking hilarious. Zero sympathy for the hedge funds, I can only assume it was arrogance that made them think they could short it to the level they did without someone realizing there was a scalp to be taken. Fairly sure something similar happened about a decade back with Porsche. 5 Quote Link to comment Share on other sites More sharing options...
beefybake Posted January 27, 2021 Share Posted January 27, 2021 28 minutes ago, Ross. said: The whole Reddit/GameStop thing is absolutely fucking hilarious. Zero sympathy for the hedge funds, I can only assume it was arrogance that made them think they could short it to the level they did without someone realizing there was a scalp to be taken. Yes, I've just been reading about it. Absolutely loving it. 0 Quote Link to comment Share on other sites More sharing options...
Lofarl Posted January 27, 2021 Share Posted January 27, 2021 Investing seems like witchcraft to me. But I’ve had a good chuckle at this GameStop thing. 0 Quote Link to comment Share on other sites More sharing options...
Shtuggie Posted January 27, 2021 Share Posted January 27, 2021 2 hours ago, Ross. said: The whole Reddit/GameStop thing is absolutely fucking hilarious. Zero sympathy for the hedge funds, I can only assume it was arrogance that made them think they could short it to the level they did without someone realizing there was a scalp to be taken. Fairly sure something similar happened about a decade back with Porsche. Same thing happening with AMC at the moment - its a tug of war but it looks like its going to fly. Far too risky for any decent investment but taken a small position in AMC as it looks like it might replicate Gamestop. Interesting discussion just on CNBC where some dude was tearing into the hedgefunds. 1 Quote Link to comment Share on other sites More sharing options...
RossBFaeDundee Posted January 27, 2021 Share Posted January 27, 2021 2 hours ago, Ross. said: The whole Reddit/GameStop thing is absolutely fucking hilarious. Zero sympathy for the hedge funds, I can only assume it was arrogance that made them think they could short it to the level they did without someone realizing there was a scalp to be taken. Fairly sure something similar happened about a decade back with Porsche. A true 'David getting it right up Goliath' tale. Some laugh. 1 Quote Link to comment Share on other sites More sharing options...
sparky88 Posted January 27, 2021 Share Posted January 27, 2021 (edited) 4 hours ago, Ross. said: The whole Reddit/GameStop thing is absolutely fucking hilarious. Zero sympathy for the hedge funds, I can only assume it was arrogance that made them think they could short it to the level they did without someone realizing there was a scalp to be taken. Fairly sure something similar happened about a decade back with Porsche. Bought 4 GameStop shares for £200 on Monday- cashed out at opening today at £800. Don't think I've made much easier money. Most delicious part is that the rise in the share price is now being caused by the hedge funds reversing their short position and buying shares. Edited January 27, 2021 by sparky88 4 Quote Link to comment Share on other sites More sharing options...
Ross. Posted January 27, 2021 Share Posted January 27, 2021 1 hour ago, sparky88 said: Bought 4 GameStop shares for £200 on Monday- cashed out at opening today at £800. Don't think I've made much easier money. Most delicious part is that the rise in the share price is now being caused by the hedge funds reversing their short position and buying shares. If not for my job making it difficult, I would have piled in a few days ago also. Not worth the hassle for me though, too much potential for compliance issues. Well done on making a few quid from it. 0 Quote Link to comment Share on other sites More sharing options...
Genuine Hibs Fan Posted January 27, 2021 Share Posted January 27, 2021 11 minutes ago, Ross. said: If not for my job making it difficult, I would have piled in a few days ago also. Not worth the hassle for me though, too much potential for compliance issues. Well done on making a few quid from it. Aye it's a pain in the arse. I've been playing with the idea of doing a lot of reading, setting up a trading account with a tiny amount and having a try as I should have a decent amount to put away in a year or twos time. The independence paperwork for work makes it not worth the hassle just now 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted January 28, 2021 Share Posted January 28, 2021 8 hours ago, Genuine Hibs Fan said: Aye it's a pain in the arse. I've been playing with the idea of doing a lot of reading, setting up a trading account with a tiny amount and having a try as I should have a decent amount to put away in a year or twos time. The independence paperwork for work makes it not worth the hassle just now Not so much a paperwork issue for me, more that there is a fair chance we’d be the broker for one of the funds who are shorting the absolute f**k out of it, so if I go long in these circumstances, they would probably argue there was a conflict of interest or that I was using insider knowledge to make my decision. None of which is true, but I have seen people bumped off for less. 0 Quote Link to comment Share on other sites More sharing options...
jamamafegan Posted January 28, 2021 Share Posted January 28, 2021 Same thing happening with AMC at the moment - its a tug of war but it looks like its going to fly. Far too risky for any decent investment but taken a small position in AMC as it looks like it might replicate Gamestop. Interesting discussion just on CNBC where some dude was tearing into the hedgefunds. Tempted to have a gamble on this. Worried however that we would have ourselves another Northern Rock type of moment on P&B [emoji38] 0 Quote Link to comment Share on other sites More sharing options...
Aladdin Posted January 28, 2021 Share Posted January 28, 2021 Do people use apps for stock investments or is the best method still more traditional means? 0 Quote Link to comment Share on other sites More sharing options...
sparky88 Posted January 28, 2021 Share Posted January 28, 2021 (edited) 1 hour ago, jamamafegan said: Tempted to have a gamble on this. Worried however that we would have ourselves another Northern Rock type of moment on P&B I bought AMC yesterday too but I fear the game may be up. I noticed AMC down in after hours trading today (our time) - GameStop too actually. Might be completely wrong. Edited January 28, 2021 by sparky88 0 Quote Link to comment Share on other sites More sharing options...
NotThePars Posted January 28, 2021 Share Posted January 28, 2021 1 Quote Link to comment Share on other sites More sharing options...
Chinatoon Bairn Posted January 28, 2021 Share Posted January 28, 2021 1 hour ago, Aladdin said: Do people use apps for stock investments or is the best method still more traditional means? I'm using an app, I think most people invested in Gamestop will be as well. I'm using eToro as it allows me to jump in on Monday morning without the need for verification and bought stocks right away but Trading 212 is another good app supposedly. 0 Quote Link to comment Share on other sites More sharing options...
Chinatoon Bairn Posted January 28, 2021 Share Posted January 28, 2021 18 minutes ago, sparky88 said: I bought AMC yesterday too but I fear the game may be up. I noticed AMC down in after hours trading today (our time) - GameStop too actually. Might be completely wrong. Can't comment on AMC as I've not been paying attention to it but the part of the reason the share prices dipped is probably down to the WSB discord server and subreddit being shut down for a few hours. That and the big hedge funds cashing out their shorts etc.. at a time where most retail traders cannot do anything as they don't have access to the market at those times. Plan probably was to create panic and a potential sell off at open time, which could still happen. Believe $260 was the lowest that GME reached. It's flew right back up this morning to the point where shares are currently dearer than they were at close yesterday. $370 per share at the time of this comment. 0 Quote Link to comment Share on other sites More sharing options...
Jeff Venom Posted January 28, 2021 Share Posted January 28, 2021 This has been terrific reading.Instantly thought of the turds that supposedly were gambling on a hard brexit and if they could be undermined in a similar way.Free markets? Not *that* kind of free [emoji24] 0 Quote Link to comment Share on other sites More sharing options...
101 Posted January 28, 2021 Share Posted January 28, 2021 Melvin Capital Management look screwed. Happy days, live by the sword die by the sword. 2 Quote Link to comment Share on other sites More sharing options...
Chinatoon Bairn Posted January 28, 2021 Share Posted January 28, 2021 Could honestly hit $500 today, halted at $488 in the pre-market. 0 Quote Link to comment Share on other sites More sharing options...
HibsFan Posted January 28, 2021 Share Posted January 28, 2021 21 hours ago, Ross. said: The whole Reddit/GameStop thing is absolutely fucking hilarious. Zero sympathy for the hedge funds, I can only assume it was arrogance that made them think they could short it to the level they did without someone realizing there was a scalp to be taken. Fairly sure something similar happened about a decade back with Porsche. That's Trading 212 stopping people from investing in GME and AMC. 0 Quote Link to comment Share on other sites More sharing options...
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