https://www.bloomberg.com/news/artic...es-to-the-moonOriginally Posted by Montello
@Raffe is it true a company can request that its shares are not shorted (borrowed)?
Is it also true if you own the shares you can tell your broker not to lend them out?
Seems to have been a big part of the story, limiting short availability from restricting the borrowing of shares therefore the ability to short.
A company cannot prevent their shares to be shorted, but you as the owner of shares can tell your broker not to lend them to others for shorting.
But this is actually not in your best interest. Shorting is a crucial part of efficient markets and those holding shorts are usually the only buyers left in a market when the price starts sliding and everybody else wants to sell.
Understood. I think my thinking (and theirs) was that by blocking the shares you own from being borrowed you stop people from being able to sort and it helps the stock remain stable or even go up.
I wonder how many of the WSB crew truly believe in the "never sell never surrender" motto. I would have cashed in by now.
It's going to end very ugly when the music stops. Applying any conventional wisdom, it should have stopped months ago already - but it's still playing, and playing faster than ever before.
Take your bets.
Surely those in the know at WSB and Robinhood are orchestrating it all from behind the scenes and using the stimmi kids and FOMO brigade to pump the stock and then dumping it themselves to cash in on the whole thing?
If they’re all never supposed to sell.....who benefits?
Or are they really trying to be just like Robin of Loxley?
- - - Updated - - -
Thanks for the answer to my question Raffe. :-)
Last edited by mr noble; 26th January 2021 at 22:04.
Two hilarious screenshots re GameStop.
Gamestop trading at $240 right now.
Someone who lies about the little things will lie about the big things too.
Absolutely bonkers after hours trading. It’s doubled since the market closed. (Never understood why aftermarket trading exists. Why is it ok for some to be able to trade a stock when others cannot!?)
https://m.uk.investing.com/analysis/...stop-200453266
Who cannot trade in the after hours market?
Someone who lies about the little things will lie about the big things too.
Meanwhile the world runs out of graphics cards and Microsoft surge
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Me. (On my HL platform)
I cannot trade after hours on PayPal. If you want to, get a decent broker - but don't say you cannot trade.
Someone who lies about the little things will lie about the big things too.
If anyone is interested to learn why GME jumped 50% after hours:
The world's richest idiot poured gasoline into the fire, just for shits and giggles. What a time to be alive.
Someone who lies about the little things will lie about the big things too.
LOL what crazy times we live in. Stimmyllionnaires in the making!If anyone is interested to learn why GME jumped 50% after hours:
The world's richest idiot poured gasoline into the fire, just for shits and giggles. What a time to be alive.
Not a guru, but in my experience after 40 years of investing my retirement money, when the stock market enters a major bear market there are very few stocks that buck the trend. Almost all equities take a hit just because of fear. I'm not well-versed in non-equity investments, so I can't help you there. I generally just bail into cash.
WS/B says blue horseshoe is buying $AMC.
Place your bets.
Last edited by Raffe; 27th January 2021 at 06:53.
Someone who lies about the little things will lie about the big things too.
A tale of 2 high street retailers for me at the moment
WOSG - doing quite nicely...watch and jewellery sales up everyone spending excess hoilday money on luxuries...and at full margin on brands we love ....
JD Sports hmmm a good business model with seemingly strong online sales beating Covid high street blues with good financials ....but please ...Stop telling the press were going to buy Debenhams shops....Were going to buy Top Shops premises....spooking everyone, its either a great ploy my management to drop share price so they can personally buy more shares..then say nah were not buying them. or its just boardroom bravado...
Anyway ones gain in matching the others decline (currently).....
If you want excellent analysis of the epic US stock market bubble, then this is worth 30 mins of your time.
It not only talks about all the key data available but reviews key commentators, the scale of people being sucked into the market and the general ramping going on. It is scary but amazing at the same time.
This is now a minority of videos on YT. Most are now how to make 10x, 50x or 100x on stonks. You know things are bad when everyone and their dog are promoting these type of stonks.
https://youtu.be/KZGqkt8bCkY
Last edited by noTAGlove; 27th January 2021 at 09:15.
Gamestop trading at EUR 255 = $ 312 in German markets pre-US opening (versus $ 147.98 official US close and $ 209.51 after hours)
AMC Entertainment at EUR 12.20 = $ 14.80 (versus $ 4.96 official US close and $8.23 US after hours)
Simple explainer for the GME situation here: https://youtu.be/4EUbJcGoYQ4
Note, video contains swearing.
The next thing which is going to happen is that there will be mass liquidations of long/short portfolios: funds and institutional investors will need to buy back their shorts and at the same time sell their long holdings. WS/B is already going through fund filings and identifying the long holdings which can be shorted now. AMZN, AAPL, BABA etc come to mind. Or simply the S&P500.
Crazy doesn't begin to describe the action in some of the r/WSB stocks.
After having peaked at $ 365 half an hour ago, GME is $285 now.
AMC has traded between $9.26 and $14.00, $10.25 now.
$185.00
Someone who lies about the little things will lie about the big things too.
I expect AMC will double or triple at 14:30 today.
AMC has just within five minutes both traded at $8.25 and $10.45.
Someone who lies about the little things will lie about the big things too.
$265 and $11.60, then lower again.
I am done for today, too crazy. Sold some Gamestop short at $267, wanted to cover half at $188. Then I became greedy and cancelled the order again, ended up buying it back at $252.
Just keeping a small short in SP500 futures, watching from the sidelines now.
Last edited by Raffe; 27th January 2021 at 13:16.
Someone who lies about the little things will lie about the big things too.
I read about game 2 weeks back and added it to my watch list, now up 275% since I started to watch it :-( totally missed the boom yesterday.
Whats everyones guy feeling? Drop them build back or drop and keep dropping?
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Hasnt GameStop just become a toy of the markets, the underlying business is irrelevant at this point.
Id stay well clear.
It became a toy a long time ago.
Right now make some popcorn and jump on the latest tesla rocket to the moon
* disclaimer I am not saying buying shares
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Raffe what are your thoughts on the current Spac hype?
It's been great to make a quick profit from positions on them.
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Blockbuster Video, in liquidation since 2010.
Yesterday's share closing: $0.0057
Today's price: $0.0498 (up 773%)
Yeah, sure.
By the way, AMC just traded above $17, about 90 minutes after hitting $8.27
I'm the lunatic who had 25% of his SIPP in BTC and still I wouldn't touch gamestop with a bargepole because it is pure gambling as to when the froth ends because it is clearly massively overheated due to crowd activity and the decline will be fast and huge and you could lose 95% of your investment just like that
I have been making some nice money off SPACs lately, it was really easy to play, far too easy actually. I have two small positions left, liquidating one as I type this and the other one is below $11, so not too large downside risk (at least applying the conventional logic of the last year).
I think the market will eventually return to more rational behaviour, but when? Dunno. I am out for the moment, want to see what's happening after this.
I see on WSB the focus is moving away from trying to annihilate Melvin Capital and now they want to go after JP Morgan. Somewhat trickier I'd say lol
Saying that sod it I've stuck £1k Fill or Kill at best price on both AMC and GAM, just to see what happens as lots of 'hodl' chat on WSB meaning I can't see people pulling out just yet
Ryan
You just said you didn't want to join the party.
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Yes the spacs have been very easy.
I've got 3 left open right now. I'll cut down to 1 next week.
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As someone who has no previous experience in anything stock-y.... it's very difficult to understand what is going on here. GME obviously isn't normal, but is this just a case of the bigger companies cocking it up?
Is it easy enough to get started with a small cash sum (say £100, £500?) and keep moving it about?
If anyone has any pointers on where to start, please let me know.
5 minute video explanation, here: https://twitter.com/KFCBarstool/stat...04713605099521
Transaction costs (£6 and higher) will probably eat that up quickly.
I'm not expecting them to get filled. We'll probably get an e-mail saying the orders couldn't be placed in time....or.... we will have them filled at the absolute peak and immediately be at a loss. Who knows. It's a bit of entertainment during lockdown, which is mostly the cause of a lot of this craziness!
ETA at 14:25 - I just bailed and cancelled my two bets on AMC and GME. I think with the current down spike that's going on, more people will be selling than buying. But of course, with things being as crazy as they are, it'll probably go the other way.....
Last edited by mr noble; 27th January 2021 at 15:26.
The market always needs new blood to keep the pseudo Ponzi scheme afloat.
Good luck.
Few minutes ago new highs: GME $385, AMC $25.80
Go hard or go home fellas. Let's rock and roll and hodl for dear life ;)
True, but the overinflated short selling created this scenario.
When a stock is short sold >100% and people catch on, then it will correct.
Original shorts will be burnt. Late longs will be burnt at some point. Greed either side will be found out.
If only the WIS community could take hold of CFR and send it to the moon so we could walk away with new ultrathin overseas
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HL seems locked up again. 2 or 3 shares I just can't buy, currently. Get a message to say volume is too great and to try again later.
Quite annoying when you can see the stock price going up and up but your bloody trades won't go through.
No sorry that is nonsense. The frenzy which started last year on Robinhood created this, this is copying the Tesla model on any stock out there.
Right now all the bedroom traders are liquidating their crypto and SPAC positions to move into Gamestop and and AMC.
Anyone interested in a nice tip? Buy NAKD at $0.40. It will be $3 tomorrow. (not financial advice, just a crazy hunch).
Its not just HL. Trading 212 and others are down too, its chaos.HL seems locked up again. 2 or 3 shares I just can't buy, currently. Get a message to say volume is too great and to try again later.
Quite annoying when you can see the stock price going up and up but your bloody trades won't go through.
Cant find NAKD on HL :-(
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