Quote from: Bradders on January 27, 2021, 04:33:16 pmAnd I reckon "I wanted to bankrupt another market participant" would probably fairly easily pass that test as being illegitimate. I think the main driver is to make some rocket money.
And I reckon "I wanted to bankrupt another market participant" would probably fairly easily pass that test as being illegitimate.
Quote from: 36chambers on January 27, 2021, 08:16:37 pmQuote from: Bradders on January 27, 2021, 04:33:16 pmAnd I reckon "I wanted to bankrupt another market participant" would probably fairly easily pass that test as being illegitimate. I think the main driver is to make some rocket money.Well quite. Thinking about it some more, I really can't see how the reddit folks are any better than the hedge fund managers they claim to despise.
What is going on now is just a severe momentum trade....momentum trading/swing trading been here since the 30’s
The wallstreetbets subreddit has been set to private. Not sure what that means other than non members cannot now access it. Perhaps members too? Perhaps it's locked or taken down? Not really familiar with how Reddit works.
The WSB driven stocks have been temporarily removed from Robinhood (largest free commission trading platform in US) including GME, AMC, BB, BBY, NOK...
Quote from: Coops_13 on January 28, 2021, 02:28:55 pmThe WSB driven stocks have been temporarily removed from Robinhood (largest free commission trading platform in US) including GME, AMC, BB, BBY, NOK...The big bucks must be cutting deals with Robinhood
Do you work in stonks Coops?
Maddest period in the markets ever?
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.
Onto things that will more likely affect us all...this big bubble that's being mooted: https://www.gmo.com/europe/research-library/waiting-for-the-last-dance/With cash tied up in ETFs (stocks and shares isa), is best to just accept it and ride it out, or reduce tied capital and re-invest later. Feels a bit too much like "trying to predict the market". Realistically, I'm up about 12.5% (which is pretty good considering half of it was only put in in November, the rest in July) at present, but that'll be more than wiped out by any crash...Could always take it out and pay down some mortgage, hang on to some for reinvesting at the dip? Happy to ride out as it's intended to be long term, just wondering the best plan more generally when a bubble is being called.