I have been trying to read back through the thread, where would be the best app to get involved in this? And what are the best cost wise, admin fees, etc. I could not be anymore new to this so any help is much appreciated.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
MillsyTheMosher
Well-Known Member
- Joined
- 23 Jan 2018
- Messages
- 1,383
I personally use Hargreaves Lansdown as they are generally reliable and its easy to use but they do charge a commission for each transaction of about a tenner. Trading212 etc are free i think but i know they blocked trading on the above stock for most of yesterday !I have been trying to read back through the thread, where would be the best app to get involved in this? And what are the best cost wise, admin fees, etc. I could not be anymore new to this so any help is much appreciated.
Gareth Barry Conlon
Well-Known Member
- Joined
- 5 Sep 2014
- Messages
- 14,777
Essential what is going on here is small retail investors are piling into poor quality stocks that by all rights should be going down in order to artificially boost them up. It is inevitable that many people will get burned. In the stock market there are 2 parties to every trade and for everyone buying and selling at a profit there has to be someone on the other side trading at a loss.It's been fascinating to watch. I'm tempted to get involved myself, but by the time I've learned how to do it, everyone will be losing money again no doubt.
There is a wider story about hedge funds and short positions but don't let that distract you from the fundamental above.
Millwallawayveteran1988
Well-Known Member
- Joined
- 23 Sep 2010
- Messages
- 39,187
Closing the day 6462!!
Anyone with shares in cruse ships or planes could have taken a hammering.
Dare not look at my RBS shares.
But fir anyone with balls surely the FTSE will hit 8000 within 3 years once this has all passed so I make that a 20 percent growth factor over that period.
Great time to lump in??
Page one post one.....
Todays current level 6473
What a a mad year!
Essential what is going on here is small retail investors are piling into poor quality stocks that by all rights should be going down in order to artificially boost them up.
Sorry but that's not true.
Gamestop was an artificially deflated stock, driven down to a tiny fraction of what it "should" be based on its business activity, by hedge funds who wanted to short it until it went bankrupt.
And the only reason they are able to drive the price up is because of the oversaturated short positions. Yes, gamestop is a declining company and it wasn't a great stock, but the reason this is happening is because it was shorted 140% and had the fundamental business to not go under despite that.
You talk about the winners and losers, what about all the people who owned gamestop shares at $15 in 2019 who saw it driven down to $0.2 not because it suddenly became an unviable business, but because of the shorting bandwagon?
What about the 42,000 people who work at Gamestop who would have lost their jobs when the hedge funds shorted them into bankruptcy?
Last edited:
PannickAtTheDisco
Well-Known Member
artificially inflate stocks then people get burned. It's interesting reading this thread of people entitled to think they should just be allowed on the gravy train and "win".Providing trading platforms don’t take part in further corruption today then AMC/GME/NOK are going to take off
west didsblue
Well-Known Member
- Joined
- 2 Oct 2011
- Messages
- 32,411
No it's the other way. Hedge funds are artificially depressing the prices of average stocks and retail investors have caught on and are taking advantage which is hitting the hedge funds hard. Some trading platforms have illegally and immorally come to the hedge funds' rescue by preventing private investors from trading and in one case selling their stock against the owners wishes.Essential what is going on here is small retail investors are piling into poor quality stocks that by all rights should be going down in order to artificially boost them up. It is inevitable that many people will get burned. In the stock market there are 2 parties to every trade and for everyone buying and selling at a profit there has to be someone on the other side trading at a loss.
There is a wider story about hedge funds and short positions but don't let that distract you from the fundamental above.
The fact that the stocks have risen well above the value of the companies is due to the hedge funds short positions and the consequent opportunity for the small investor to make some money at their expense.
MillsyTheMosher
Well-Known Member
- Joined
- 23 Jan 2018
- Messages
- 1,383
Whats your point ?artificially inflate stocks then people get burned. It's interesting reading this thread of people entitled to think they should just be allowed on the gravy train and "win".
artificially inflate stocks then people get burned. It's interesting reading this thread of people entitled to think they should just be allowed on the gravy train and "win".
Whats your point ?
Why is it an artificial inflation?
The stock market is based on supply and demand, it's the fundamental principle of shares. And the hedge funds have shorted themselves into a position where their demand is higher than any possible supply, and retail investors are simply holding onto their supply until demand convinces them to sell.
It's no more artificial than Tesla having a market cap bigger than most of its competitors combined despite barely turning a profit. In fact it's no more artificial than any stock. Why is Berkshire Hathaway worth $320k/share? Because people want it, because it will make them money. Why is GME rocketing? Because people want it because it'll make them money when the shorts have to settle.
Heisenberg's Blue Sky
Well-Known Member
Whats everyone including newcomers lumping on today when the market opens? Shekels are burning hole in my Primark chinos :)