Kentishfarmer
Member
What does everyone think of the redditers Vs short sellers situation in the US? With the run of GameStop etc? When will the bubble burst
Share Portfolio 2020
- Thread starter uztrac
- Start date
I take it ARCM have fallen on the back of AA falling today? To the untrained eye, some of research doesn't look so favourable.
cattleman123
Member
- Location
- devon
I never worry about the day to day share price ..its the end result here thats important and nothing has changed..the whole mining sector was a little down yesterday i hold for the longer time..I take it ARCM have fallen on the back of AA falling today? To the untrained eye, some of research doesn't look so favourable.
It's a simple scam. They make 2 videos in the morning recommending either buying or selling a highly volatile stock and then post the one which came true in the evening, usually with a picture of some $100 bills and +$128k in one day next to it in big green writing.
Truth is, amateur day traders get wrecked. Most day traders get wrecked. The best and most successful think that 3 months is a short timescale.
Tubbylew
Member
- Location
- Herefordshire
Would this be why this wallstreetbets thing is such a big deal, i.e. they've been getting wrecked so much, they've stopped caring about losing? I've always foud it ineresting, but not interesting enough to invest.
There may be an element of that. I don't know. There are a group of people who believe short selling is evil. Actually what they are doing themselves is manipulating prices by buying into things they may otherwise not have. Seems like a bit of a pyramid scheme to me. At what point do they sell and when one whale sells and the price starts to tumble, the last guys on this 'project' to pump share prices are going to get burned badly.
Tubbylew
Member
- Location
- Herefordshire
Yeah I can't see a good outcome, but there again I don't understand what short selling is despite being told, so what do I know.
- Location
- Scottish Highlands
It’s selling something you haven’t got, when you expect the price to drop, with the expectation you’ll buy it again for a lower price before you have to settle the initial sale.
Tubbylew
Member
- Location
- Herefordshire
Yeah, I think the stock market will just have to remain a mystery to me! Thank for trying though!
Tubbylew
Member
- Location
- Herefordshire
I've got enough problems selling things I already have!
I keep selling my suckers which I have, for a price I expect to be higher than last year, but always turns out to be lower....
How could I pull off one of these fancy tricks to fool Larry? Should I buy them off myself or some such? Maybe then sell them back to myself at an even higher price?
- Location
- Scottish Highlands
You could just give up farming and trade futures? Fairly certain some meat products are tradable. Maybe pork bellies in Chicago, and certainly you could forward sell grain for next year, and then buy it closer to the time.
Tubbylew
Member
- Location
- Herefordshire
If borrow them off you for a while, I might be able to sell them...I might also be able to give them back after...maybe...
oil barron
Member
- Location
- Aberdeenshire
The redditers are the good guys and Wall Street are pulling every dirty trick in the book to try and crush them - lean on social media through advertising revenue loss, label them as white supremasists. Etc. It stinks.
- Location
- Northumberland
Friend has made alot of money on this.Put in £800,and come out with £20,000 in a very short time.
- Location
- Scottish Highlands
I find that hard to believe - the difference between top and bottom price for Gamestop has been a factor of ten, at most, for this week and maybe slightly more if they bought last month and sold at the peak.
I have a friend’s friend who bought 1 share at $400 had a stop loss set for $300 the app he used went into meltdown so didn’t trigger his stop loss and it eventually sold for $150.
Don’t know how true that is as I thought all the apps stopped people buying the GameStop stocks yesterday.
I hope no one on here is actually thinking about getting involved? There is so much going on here it's untrue. A lot of people are gonna get seriously burned.