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Redditors gave Wall Street traders an absolute pasting


Did they go public with the short positions? Stupid if so and fair play to those who blew them out :lol:
 
Neb_Safc said:
aye bragged about on YouTube:lol::lol:


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the bellend might regret it now
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Worked well for Ackman :lol:

Problem with short positions is that even if you're right, the timing is much harder and you can lose a shit load of money before your prediction ultimately starts to come off. Going public with them is just daft
 
Forgive my ignorance, I'm illiterate when it comes to money and finances. I know what I earn, I know what I owe, and that's it.

This is how I understand it. The short sellers borrowed stock thinking the price of X would drop to a much lower point of Y. In the meantime they would then sell at price X and re-buy that stock when it hit Y price to satisfy the debt of stock they'd taken out? And the reason this is all a problem is that Y price is now much much higher than they anticipated and the original X price they borrowed at.

Is that right?
 
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Carrick18 said:
Forgive my ignorance, I'm illiterate when it comes to money and finances. I know what I earn, I know what I owe, and that's it.

This is how I understand it. The short sellers borrowed stock thinking the price of X would drop to a much lower point of Y. In the meantime they would then sell at price X and re-buy that stock when it hit Y price to satisfy the debt of stock they'd taken out? And the reason this is all a problem is that Y price is now much much higher than they anticipated and the original X price they borrowed at.

Is that right?
Click to expand...

Basically. They essentially sell the asset at the current market price and rely on it decreasing. It's very risky because while a stock can only drop by 100%, there is theoretically no limit on growth and they're betting on the inverse of that.
 
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I actually bought gme last August at 8.80 a share. I'm a value investor, the short squeeze was always an added bonus in my eyes.

Never did I think it would.hit these levels. I sold at 35.50.

Fair play to all but a lot of inexperienced people will lose a lot of money I'd they don't take profits soon
 
Perhaps we could do an SMB version of this? Inflate the price of a company for the sole purpose of sticking it to the man of course

I’d like to suggest one of the following companies:

Applied Graphene Materials
Aston Martin
Castor Maritime
Kefi Gold and Copper
Virgin Galactic
 
Neb_Safc said:
lding it at the minute currently 328.
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KSAFC said:
I actually bought gme last August at 8.80 a share. I'm a value investor, the short squeeze was always an added bonus in my eyes.

Never did I think it would.hit these levels. I sold at 35.50.

Fair play to all but a lot of inexperienced people will lose a lot of money I'd they don't take profits soon
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AMC and NOK worth it right now?
 
Word tonight on the chatroom is they are going to pump a silver stock First Majestic Silver which has a lot of short action. Its up 18 per cent in after hours trading..

Damn..have held a big chunk of the stock for six month...could be a day and a half tomorrow. Could be a fun ride (I hope) in the morning. Bought it for investment long term but if a bunch of millennials wanna pump it then go to it boys..
 
Superb, cheers for posting this on the forum as it went above my head. It's class to see the arsehats who destroyed the world econemy get a kicking off a bunch of mortals on a internet forum, power to the people even if it doesn't last, pure class.

Will be keeping an eye on reddit each day now to see what they are up to, haway the little big peeps.
 
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