The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
Back in the real world, this last week has been a bit of a shocker on the FTSE, and I've taken quite a hit right across the board. Hoping for some good news next week to turn it round.
 
west didsblue said:
For these very unusual circumstances where the hedge fund short positions have been monetised by a large group of small investors to their advantage, the biggest risk is the established insiders screwing them over which is what appeared to be happening yesterday. Trading platforms manipulating the market is a fucking outrage but they know that the fines for doing this will be dwarfed by the losses that the hedge funds would incur if they didn't, and the incestuous relationship between the hedge funds and some trading platforms is why this is happening. Ironically the biggest offender is a platform called Robinhood which appears to be doing the opposite of its Sherwood Forest namesake by robbing the poor to give to the rich.
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Yes I don't disagree with what has gone on to date. Some shady things going on.

However:-

Just pointing out that the underlying reason why this made a lot of sense may no longer apply. Just because a hedge fund has been stitched up and stands to make massive losses does not mean that those lumping in today stand to make money. This has turned from one thing in to another - its just a pile on now. It's going up so buy buy buy.
 
west didsblue said:
Back in the real world, this last week has been a bit of a shocker on the FTSE, and I've taken quite a hit right across the board. Hoping for some good news next week to turn it round.
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Not just the FTSE, my funds down over the last couple of days and I have varied worldwide exposure
 
Gaudion M said:
Yes I don't disagree with what has gone on to date. Some shady things going on.

However:-

Just pointing out that the underlying reason why this made a lot of sense may no longer apply. Just because a hedge fund has been stitched up and stands to make massive losses does not mean that those lumping in today stand to make money. This has turned from one thing in to another - its just a pile on now. It's going up so buy buy buy.
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If the hedge funds still have significant short positions, which it would appear they do, then unless there is illegal manipulation or the investors lose their nerve, there is still money to be made.
 
abu13 said:
Same here. down by around 7% in the last week.
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west didsblue said:
Yep, mine too.
Individual UK shares seem to have done the worst but nowhere's looking particularly good.
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I think it’s a natural settling after the impetus of the vaccine rollout and Biden’s win. They had done better than I expected over the last few weeks and probably retuned to where they should be
 
west didsblue said:
If the hedge funds still have significant short positions, which it would appear they do, then unless there is illegal manipulation or the investors lose their nerve, there is still money to be made.
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Only to the extent that the short positions have to be closed out. If the shorts are for say 1,000 shares and small investors buy up 2,000. Then some are not going to be cashing in on the flip side of the short contracts. There is also the issue around timing. When exactly are the contracts up.

As ever there is a time to buy and a time to sell.
 
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