• The first stage of the forum upgrades has now been completed but they remain in a degraded state and are still being worked on.
    Please read this thread for more details.
    New user registrations are currently disabled.

Redditors gave Wall Street traders an absolute pasting

legend7 said:
As I say I'm happy to see how it progresses, doubled my money so far and I like what I'm reading.
If it looks like going tits up I'll sell possibly but I am thinking more long term ideally.
Everyone is allowed an opinion.
Click to expand...
What if that opinion causes some bloke to put his families savings in, and tell everyone else in his wider family to put their savings in.

There could be suicides and god knows what else as a result of this.
 

lurker said:
What if that opinion causes some bloke to put his families savings in, and tell everyone else in his wider family to put their savings in.

There could be suicides and god knows what else as a result of this.
Click to expand...

There was an example in the US of a lad killing himself because RobinHood mistakenly told him he owed $700k
 
legend7 said:
As I say I'm happy to see how it progresses, doubled my money so far and I like what I'm reading.
If it looks like going tits up I'll sell possibly but I am thinking more long term ideally.
Everyone is allowed an opinion.
Click to expand...
You be you, but do consider that there's a reason it's called a "short squeeze"
 
The Albanian said:
There was an example in the US of a lad killing himself because RobinHood mistakenly told him he owed $700k
Click to expand...
Even this thread title, could cause someone to get excited, sign up for an account, and stick a grand that they can’t afford to lose in.

In hard times people gamble more, shops sell more lottery tickets, it’s a cruel fact of life, I’ve seen gambling ruin people. This is the same as that.
 
lurker said:
What if that opinion causes some bloke to put his families savings in, and tell everyone else in his wider family to put their savings in.

There could be suicides and god knows what else as a result of this.
Click to expand...
I haven't told anyone to put any money in.
Can't believe the over reaction because I replied to someone saying I'm gonna see how it runs longer, no more no less.
Some Random Guy said:
You be you, but do consider that there's a reason it's called a "short squeeze"
Click to expand...
I'm not on about any squeeze though as I said earlier, I'm looking at the company and how longer term it may become a better business, it may be undervalued.
It may not mind, I'm not a trader or an expert, only been messing about with shares since early January and I certainly can't afford to lose loads.
I shall indeed be me, thank you very much.
 
Last edited:
legend7 said:
I haven't told anyone to put any money in.
Can't believe the over reaction because I replied to someone saying I'm gonna see how it runs longer, no more no less.
Click to expand...
Nah you haven’t, no one has, but everyone’s getting all excited and adding to it in their own special way, no one thinks they’re doing anything wrong, this is all very new to a lot of people.
 
lurker said:
Nah you haven’t, no one has, but everyone’s getting all excited and adding to it in their own special way, no one thinks they’re doing anything wrong, this is all very new to a lot of people.
Click to expand...
Are they though, most of my mates aren't interested at all really, nobody has even mentioned it and I must have 60 people in 3 whatsapp groups and I'm certainly not pushing it to them.
I mean I only watch chan 4 news but I haven't heard it mentioned on there all week or much of last week.
Some people will always want to get rich quick, some will gamble, scratch cards etc and I just hope nobody spends more than they can afford.
I'm not wealthy I just thought I'd put a few spare quid in shares rather than get 0.5% a year from the banks who already fucked us over once.
SAFC2403 said:
Only 25% down now on my initial bet :lol:

holding for now.
Click to expand...
I think it will be there at some point but only my opinion.
I was 50% down at one point but didn't want to sell even though I dumped others that were down.
 
Last edited:
legend7 said:
Are they though, most of my mates aren't interested at all really, nobody has even mentioned it and I must have 60 people in 3 whatsapp groups and I'm certainly not pushing it to them.
I mean I only watch chan 4 news but I haven't heard it mentioned on there all week or much of last week.
Some people will always want to get rich quick, some will gamble, scratch cards etc and I just hope nobody spends more than they can afford.
I'm not wealthy I just thought I'd put a few spare quid in shares rather than get 0.5% a year from the banks who already fucked us over once.

I think it will be there at some point but only my opinion.
I was 50% down at one point but didn't want to sell even though I dumped others that were down.
Click to expand...
When it hit $40 dollars I though I’ve wasted my money but it’s pleasing to see it jumping again. Hopefully I can break even soon.
 
SAFC2403 said:
When it hit $40 dollars I though I’ve wasted my money but it’s pleasing to see it jumping again. Hopefully I can break even soon.
Click to expand...
Yeah me too as I had an average of about 80 but I read a bit more and thought nah I'm just gonna leave it even if its takes 6 months.
Same with Aston martin, got a a little in there and hardly moved but they are a 5th of the value of 12 months ago or something and seem to be turning the business around.
I'm not saying buy any by the way as they could go the other way
Notorious N O B said:
Gme 270-280 in the pre market. What price everyone holding out for?
Click to expand...
Be tempting to sell when you look at the profit but unless there is a huge crash I'm just gonna keep mine I think.
 
Last edited:
legend7 said:
I haven't told anyone to put any money in.
Can't believe the over reaction because I replied to someone saying I'm gonna see how it runs longer, no more no less.

I'm not on about any squeeze though as I said earlier, I'm looking at the company and how longer term it may become a better business, it may be undervalued.
It may not mind, I'm not a trader or an expert, only been messing about with shares since early January and I certainly can't afford to lose loads.
I shall indeed be me, thank you very much.
Click to expand...
If you aren't on a wind up I would strongly advise you go and do a bit of research mate, the spike isn't anything to do with a new business model or improved performance. This isn't something that's going to be worth $500 a share in a decade, if it exists it probably won't be worth $50.

Unfortunately brick and mortar game shops aren't looking good long term, its going to be a niche industry, it won't sustain massive chains like gamestop. I say unfortunately because I love going into these shops, having a browse, and impulse buying some shit I would never have tried if I'd thought about it.
legend7 said:
Same with Aston martin, got a a little in there and hardly moved but they are a 5th of the value of 12 months ago or something and seem to be turning the business around.
Click to expand...
I sold my AM stock to bring my AMC average down and will be buying back when I sell.
 
Last edited:
Some Random Guy said:
If you aren't on a wind up I would strongly advise you go and do a bit of research mate, the spike isn't anything to do with a new business model or improved performance. This isn't something that's going to be worth $500 a share in a decade, if it exists it probably won't be worth $50.

Unfortunately brick and mortar game shops aren't looking good long term, its going to be a niche industry, it won't sustain massive chains like gamestop. I say unfortunately because I love going into these shops, having a browse, and impulse buying some shit I would never have tried if I'd thought about it.

I sold my AM stock to bring my AMC average down and will be buying back when I sell.
Click to expand...
I've never said the spike is just to do with the new business model.
I've said I haven't just jumped in for a squeeze.
As I say we all have our own opinions and who knows I may sell at some point.
I held my AMC too think my average is about 9 from memory.
 
:cool: :cool: :cool: :cool:

When seeking investment advice I spin a wheel to select which forum to use, then I collate all the stocks talked about on that forum and assign each of them a number, after that I use a random number generator to pick a trade...
 
You must log in or register to reply here.
Back
Top