The FTSE

[abu13]

Not just the FTSE, my funds down over the last couple of days and I have varied worldwide exposure

Same here. down by around 7% in the last week.

 

[west didsblue]

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.

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.

 

[west didsblue]

Not just the FTSE, my funds down over the last couple of days and I have varied worldwide exposure

Yep, mine too.
Individual UK shares seem to have done the worst but nowhere's looking particularly good.

 

[Scottyboi]

Yep, mine too.
Individual UK shares seem to have done the worst but nowhere's looking particularly good.

Have hedge funds been made to sell their long positions on other stocks to cover this gamestop shenanigans?

 

[JamesMCFC]

Does anyone use Trade 212 and specifically the Pie library? Seems a nice easy way to invest but you need to pick the right charts to invest.

 

[journolud]

Same here. down by around 7% in the last week.

Yep, mine too.
Individual UK shares seem to have done the worst but nowhere's looking particularly good.

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

 

[Jordie]

Have hedge funds been made to sell their long positions on other stocks to cover this gamestop shenanigans?

It appears so.

 

[Gareth Barry Conlon]

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.

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.

 

[Bluemanc100]

I'm hearing that #RobinHood has become the latest oxymoron in the US

 

[west didsblue]

Have hedge funds been made to sell their long positions on other stocks to cover this gamestop shenanigans?

No idea but I suspect there's been some of that.