The wrong type of people are making money and they will do everything they can to keep the poor poor and the rich rich. Just saw a clip of some billionaire hedge funder blowing a fuse on TV. How can you get that upset over money when you already have billions in the bank? It's pure, disgusting greed and those fuckers need taking down a peg.
Bluemanc100
Well-Known Member
They’re shitting themselves because there are thousands of small time private investors (for the GameStop shares) holding.. I certainly know a little more today about the whole shorts scenario than I did.. my two lads and I are totally small time in terms of the shares we have but it would be nice to double our stake
markstephenhickey
Well-Known Member
- Joined
- 10 Mar 2015
- Messages
- 172
Ja Rule realising he’s involved in a bigger scam than his Fyre Festival.
The USA has established a pretty clear trend of fining big business orders of magnitude less than they earn from criminal activity.
Citadel, Robin Hood etc. they are all just doing the maths. No one goes to prison, so it's just a case of do we lose $XBn through manipulating the brokers + a fine in 5 years time, or $YBn by coughing up for the squeeze.
Feels like they are doing this so blatantly, with bipartisan support (AOC, Don Jr. and Ted Cruz all on the same side??!!) that they are painting a massive target on their backs for a brand new administration that wants to show corruption won't go unpunished.
Probably massive wishful thinking though.
Scottyboi
Well-Known Member
DOGECOIN flying today.
markstephenhickey
Well-Known Member
- Joined
- 10 Mar 2015
- Messages
- 172
I’m in for 120 on Doge. I better wake up tomorrow and be able to retire ! Somehow though I feel I’ll be getting in the car and trudging off to work.
I've learned so much about stock market this week, I never really knew about this shorting method and essentially betting against a company but it makes sense.
Just watched something where somebody said they'll be no winners which is not entirely true, some small investors have definitely 'won'. I actually think it's a method where the bigger hedge-funds lose more, as there are smaller entities who are willing to keep their shares even if they're losing.
Just watched something where somebody said they'll be no winners which is not entirely true, some small investors have definitely 'won'. I actually think it's a method where the bigger hedge-funds lose more, as there are smaller entities who are willing to keep their shares even if they're losing.
doots
Well-Known Member
Try Revolut mate
Skip Donoghue
Well-Known Member
Haha that sums up what is going on perfectly, it's at the point where it's now about making a point, making a stand and to some the cost of making that point is irrelevant
Add in what the trading platforms have done especially Robin Hood and they have just basically galvanised it, this WSB movement isn't giving up any time soon