The FTSE

[SWP's back]

Its the reality.

But by all means do your own research and determine the correct price for the stock and invest at a risk level you are comfortable with.

Not sure if you know about what I do, soon to be did, for a living.

 

[MillsyTheMosher]

Its the reality.

But by all means do your own research and determine the correct price for the stock and invest at a risk level you are comfortable with.

You speak like someone who is poor. No offence.

 

[Skip Donoghue]

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.

I think you need to look a little deeper into what and why the GameStop carry on is going on, it's far bigger than a few retail investors trying to drive up the SP of a failing business

 

[p.taker]

this is the major problem.

A few people making short term money on shit companies because of internet rumours is not good for the markets and peoples investments and pensions long term.

my long term funds and the markets are all now taking a hit as confidence in the markets starts to suffer.

Hi, what's a pension?

Sincerely,
Not A Boomer

 

[domalino]

How do reddit and their ilk know which companies the hedge funds have shorted?

It's publicly listed information how shorted a stock is.

Someone just looked through stocks or scraped that info until they found GME was over 140% shorted.

 

[I'm With Stupid]

This is the other one that Reddit is apparently getting involved with at the moment.

800% in a day yesterday.

I imagine the people on Reddit telling everyone to keep their stocks for some principled reason have cashed out at the peak already.

 

[GornikDaze]

Not sure if you know about what I do, soon to be did, for a living.

That’s at least twice in this thread you’ve referred to retiring (early at 39?!) - any more and I’m reporting you to the mods ;)

 

[Gareth Barry Conlon]

You speak like someone who is poor. No offence.

No offence taken. Did you lump all your giro on or did you save some for fags and booze?

 

[SWP's back]

Well this is lovely isn’t it.

 

[Heisenberg's Blue Sky]

Lumped on using Freetrade for my order. Then message saying Buys suspended from outside of US. Was in to see how it played out as an utter novice but wasn't expecting that. No idea what the craic is. Maybe enlightened minds could elaborate.