Quote from: MischaHY on January 15, 2021, 12:46:29 pmCan anyone recommend a good guide/literature for getting into investing? Been thinking about it the last few years as we started to have a little more disposable income. Really keen to learn more.I enjoyed “The Long and the Short of It” by John Kay. You’ll have an opinion on the efficient market hypothesis by the end!“Fooled by Randomness” by Nicholas Naseem Taleb is good and important (even if NNT himself is insufferable). Would be interested to hear the opinion of a stats and probability expert on his work, but for us punters it seems very useful.
Can anyone recommend a good guide/literature for getting into investing? Been thinking about it the last few years as we started to have a little more disposable income. Really keen to learn more.
Quote from: sxrxg on January 28, 2021, 06:25:04 pmWill be interesting in the long term to see what the regulators do as from an outsider's viewpoint it would appear to be blatant market manipulation.Maybe, but I'd be surprised if we see any successful prosecutions. Regulatory changes might be a different story.
Will be interesting in the long term to see what the regulators do as from an outsider's viewpoint it would appear to be blatant market manipulation.
It appears now that robinhood is closing out people's GME accounts without permission citing market volatility... This is even worse than just not allowing traders to buy. In other stock news new concept energy shares are up over 600% today...
This is the link he posted to it, they’re like 30 quid without an affiliation. https://twitter.com/nntaleb/status/1299072734853582853?s=21But it was basically another opportunity for him to rip tetlock and Nate silver
Nice, pretty good detail on all the trades too
So, the short interest was over 100% of total shares. In fact, it was 140%. Which makes no sense—how can you sell more shares than there are shares?Keep in mind, not all shares are actively traded. In fact, over 75% of $GME is locked up in passive funds and GME board & C-suite.
So really, short interest was like 300-500% of *float* (float is how many shares are actively traded, basically).Which is insane. Basically, the shorts (which are hedge funds like Melvin) were expecting $GME to go bankrupt and they'd never have to cover (return their shares).
Quote from: Ru on January 14, 2021, 09:44:05 pmBe interested to know if anyone still has any good recovery stock ideas at this late stage.Not very racy but VLE (Volvere) is a cautious turnaround operation with a great track record of buying distressed companies cheaply turning them around and selling them for multiples of the purchase price. They have recently raised a lot of money through a placing so have a sizeable war chest to take advantage of the current market conditions. There is a lot of downside protection as their market cap is roughly equivalent to their ‘true’ NAV. There is a great thread on ADVFN if you want to look into it further. Because of some recent stupid rules it’s classed as a complex investment (it isn’t) so you can’t buy it in an ISA. I hold mine in a SIPP. It’s by far my largest holding.
Be interested to know if anyone still has any good recovery stock ideas at this late stage.
...https://www.mining.com/all-the-mines-tesla-needs-to-build-20-million-cars-a-year/Also good to know what goes on in the world to make your new EV, some of it isn't pretty. At least mining ESG is beginning to become more of a thing. The EV revolution will hopefully strengthen mining standards.
Also good to know what goes on in the world to make your new EV, some of it isn't pretty.
Shit gets deeper. Apparently Robinhood get about half their revenue from selling consumer data to Citadel, who bailed out Melvin Capital, the original primary target of the short squeeze!
Quote from: Bradders on January 28, 2021, 09:08:13 pmShit gets deeper. Apparently Robinhood get about half their revenue from selling consumer data to Citadel, who bailed out Melvin Capital, the original primary target of the short squeeze! I think it's unlikely the reason why Robinhood restricted trading was due to pressure from the hedge funds who pay for their data. https://www.theguardian.com/business/2021/jan/29/robinhood-to-restore-gamestop-trading-as-it-wins-1bn-backing
Was the cathode Nickel Sulfide by any chance?
This is all very interesting. I'm the anti-Pete, very cautious about money, so feel free to ignore me. However, my gut feeling says, when a small bouldering forum starts discussing stock-market tips it may be time to think carefully about whether you should be in the stock-market.