The FTSE

MillsyTheMosher said:
I had a change of heart and closed my position out on GME for an 8 k loss this afternoon.

It sucks as I feel cheated by the trading apps but also feel fortunate that my loss will have no meaningful impact on my wider finances like it will many thousands of others that got involved in GME on the basis of free trading which unfortunately wasn’t the case.

Sadly Robinhood etc. will likely face no consequences from the SEC etc but I am sure they will see a huge decline in users once people close out their positions.
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You made the right call mate. I feel for you as you're correct about RH
 
Skip Donoghue said:
I did a bit more digging Dennis and ARK are big in SKILLZ and hold shares close to a million and Cathie Wood who runs ARK doesn't get many wrong as do Morgan Stanley,

I think it has a good chance at being triple digits, but everyone must do their own reaserch as always please do not take my word for it
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Another good call as Skillz announce tie in with NFL re esports and stock is up 20%. Thanks SD.
 
MCFCinUSA said:
ehehe - your ad hominem attack reveals all

what I'm up to has absolutely nothing to do with GME, which stands alone for what it is - there could be hearings and perhaps prosecutions following this debacle; my opinion (based on what I know, and information that's coming out little by little) is clear, and it's nothing personal.

perhaps I should not have mentioned my own leaning (to be looking for shorts on GME and not longs last week) because that clearly upset you, and perhaps some others reading into things, but again, it's nothing personal... it is what it is; I was merely commenting from the perspective of what I knew, and then (maybe a mistake in hindsight) revealing how I was looking at things myself from a trading perspective.

lastly, I would hardly compare a company like VW to one like GME; they don't really belong in the same sentence, even though they might both have been subject to the 'short squeeze' phenomena to varying degrees, as have many other companies and short seller's positions in the past.. there are certainly quite a few more interesting stories of this kind if this type of thing excites you than VW.
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As hominem would have been calling you a ****. I said you sound bitter.

Your problem vis a vis the comparison of GME to VW is nonsensical and shows you’re still thinking think the GME short squeeze was about the fundamentals as opposed to the situation and percentage of float shorted. The stock is immaterial, and VW was as over valued as GME in real terms (more so in fact). Neither had anything to do with the underlying worth of the company and everything to do with the market cottoning on to the fact that a stock had been over shorted. But please tell me more about stories I may read about, the whole subject is new to me...
 
MillsyTheMosher said:
I had a change of heart and closed my position out on GME for an 8 k loss this afternoon.

It sucks as I feel cheated by the trading apps but also feel fortunate that my loss will have no meaningful impact on my wider finances like it will many thousands of others that got involved in GME on the basis of free trading which unfortunately wasn’t the case.

Sadly Robinhood etc. will likely face no consequences from the SEC etc but I am sure they will see a huge decline in users once people close out their positions.
Click to expand...

MillysThePaperHands
 
Global Battery Metals REZZF - new on Trading 212 this week - Up 200% in 3 days. Pity I only play with small money!

Also looking good on CCIV - bought @ 17, currently at 30, with rumours of the Lucid Motors takeover rumbling on.
 
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