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Redditors gave Wall Street traders an absolute pasting
- Thread starter The Albanian
- Start date
Batdad
Striker
Same. I've seen various explanations but still none the wiser. Feeling like Father Dougal trying to understand distance and perspective.I’d love to be part of this but I’ve no f***ing clue how it all works
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AB22 Easy Tiger
Heaven Branch
I’d love to be part of this but I’ve no f***ing clue how it all works
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Deleted member 22162
Guest
Don't get me wrong, it would obviously make sense to close positions on these stocks before now as they're massively high risk. But why should retail investors only be given one option (sell) when no laws are being affirmatively broken.
Gamestop up another 20% today
monkeytassle
Striker
Same reason I can't sell them. To stop disorderly market conditions.Don't get me wrong, it would obviously make sense to close positions on these stocks before now as they're massively high risk. But why should retail investors only be given one option (sell) when no laws are being affirmatively broken.
Gamestop up another 20% today
CatRyan
Striker
Don't get me wrong, it would obviously make sense to close positions on these stocks before now as they're massively high risk. But why should retail investors only be given one option (sell) when no laws are being affirmatively broken.
Gamestop up another 20% today
because this was a crowdfunding effort to mess up the hedgefunds and not about making money... the many many redditors holding a few shares are quite happy to hold onto them past Friday, they are tweeting to that effect, their anger only fuelled by the ridiculous measures being taken against them
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Deleted member 22162
Guest
Disorderly market conditions like short positions making up 140% of a company's float?
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monkeytassle
Striker
No that's not a disorderly market.
Who do you think invests in pe and hedge funds out of interest?
Kenna
Striker
Still don’t really get it
Do you need to cough up like £500 to even begin? I wish I had that kind of money spare.
jcrossan
Striker
Been a veery profitable morning...
monkeytassle
Striker
Sorry I missed your answer about who invests in hedge/pe funds.
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Deleted member 22162
Guest
Not trying to be deliberately obstinate here, but doesn't this whole memestocks / shortselling fiasco suggest that the practice of shorting in the first place can easily prove a one way ticket to a disorderly market?
i.e.
If billion $ funds weren't shorting GameStop to 140% of its float yesterday, how could retail investors off Reddit cause what you call a disorderly market today.
monkeytassle
Striker
A disorderly market is where there is excessive volatility. There's nothing wrong with shares going from 2 dollars to 400 dollars. As long as its orderly and buyers and sellers can participate.
Not trying to be deliberately obstinate here, but doesn't this whole memestocks / shortselling fiasco suggest that the practice of shorting in the first place can easily prove a one way ticket to a disorderly market?
i.e.
If billion $ funds weren't shorting GameStop to 140% of its float yesterday, how could retail investors off Reddit cause what you call a disorderly market today.
jcrossan
Striker
What is your problem? Of course lots of people invest in funds. So what?
If you short 140 per cent of a company's float then you are asking for trouble. Trouble arrived.
monkeytassle
Striker
I have no problem. Your pension will be on one or both of those
CatRyan
Striker
It's like that but that then the opposing teams are told their goal keepers have to lean up against the post until Man Utd get a 9 point lead in the table and the referees then refuse to book Man Utd at all.
The Albanian
Winger
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Deleted member 22162
Guest
We agree on these points in principle at least.
Personally it looks to me like an extremely volatile market... triggered by short selling.
No need to answer but I wonder if you would you have been quite as fervent in your support for retail investors if (hypothetically) the SP of another company had gone from 400 dollars to 2 dollars as a result of shorting? This Reddit shit is shock of the new and people at institutions (I'm assuming you work for one? sorry if not) are very wary and spooked by it.
Maybe memestocks are a new investment trend, a loophole looked at unfavourably ethically and extremely high risk/reward. Either way, both seem pretty fucked to me - and can't help but think they'll cause huge losses either side of the fence this time with stocks like AMC/GME etc.
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