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Buy the dip.

Diamond Lights said:
this is a big deal guys, massive. it's a free market, it's what capitalism is based on.

What we've seen is akin to you winning big on a blackjack a casino table and then they tell you, you need 22 to win instead of 21.

Will be interesting to see where things go from here, but this isn't over by a long shot. What happened yesterday is regular people were barred from trading in shares so hedge funds could continue to trade in those same shares, lower the price, and make themselves money whilst fudging over regular investors.
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Some would say the market has never really been free. Financial reform should be the objective if this can become any meaningful revolution of sorts.
 
They have actually prevented freetrade and their customers from buying any American stock because of this they are limiting the FX transactions or something.

This actually has tinkled me off a little.
 
Diamond Lights said:
this is a big deal guys, massive. it's a free market, it's what capitalism is based on.

What we've seen is akin to you winning big on a blackjack a casino table and then they tell you, you need 22 to win instead of 21.

Will be interesting to see where things go from here, but this isn't over by a long shot. What happened yesterday is regular people were barred from trading in shares so hedge funds could continue to trade in those same shares, lower the price, and make themselves money whilst fudging over regular investors.
Click to expand...
I think there is a bigger can of worms here that could potentially be opened.
 
DTA said:
They have actually prevented freetrade and their customers from buying any American stock because of this they are limiting the FX transactions or something.

This actually has tinkled me off a little.
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Should tinkle you off a lot.

It goes against everything I stand for with regards democracy and freedom.
 
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No doubt Robbin Hood has been financed by, or associates with, large investors or Hedge Funds.

But all this does is publicise their app and generate more custom.

We’ve seen the ‘democratisation’ of various industries with the advent of new tech - publishing, film making etc maybe we will see the same in the finance sector. Billionaires colluding to multiply their billions behind closed doors could be replaced by a stronger force of many small investors. ...but I wouldn’t count on it.

With the sums at stake the pigs at the trough won’t give up their place easily.


Sitting on my porcelain throne using glory-glory.co.uk mobile app
 
LutonSpurs said:
The funds do it but don't say it so get away with it. The legality shouldn't be driven by whether they are open about their intentions, it is about judging the intentions based on evidence. The Hedge funds make profit by burying business by shorting, the nerdy gamblers have done the same on WSB it seems. I do not see how the law would be different because they stated their intention.

What is interesting is, that suddenly the ethics of a thing practiced for decades is a thing when the powerful folk are impacted.
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Great post
 
Reddit crowd getting squeezed out of the commodity market, silver down 5% today. The exchange increased initial margin yesterday by 200%, making it more expensive to enter in to new positions.
 
Diamond Lights said:
There's two views on GME:

Rome wasn't built in a day.
But it did collapse in a day.
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The publicity alone should be worth $Xb. I know nothing about the company, but if it has any kind of viable online store, and a half-decent strategy to ride this publicity wave (small company vs short-selling sharks) it should be able to do well. See Tesla. You can't buy the publicity it has recieved. It has its own narrative which it should be able to tap.
 
SpurMeUp said:
The publicity alone should be worth $Xb. I know nothing about the company, but if it has any kind of viable online store, and a half-decent strategy to ride this publicity wave (small company vs short-selling sharks) it should be able to do well. See Tesla. You can't buy the publicity it has recieved. It has its own narrative which it should be able to tap.
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Tesla announced a recall yesterday. Share price was up.
 
Diamond Lights said:
Tesla announced a recall yesterday. Share price was up.
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Tesla was a precursor to GME in a way. They beat the short-sellers with massive public backing. Which also publicised the product and created brand loyalty. Can GME also turn the publicity into sales?
 
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