Klaus wrote:
Mirth wrote:

Reddit taking on the Hedge Funds will probably end up being my favourite story of the year.

I just saw this 😆 Amazing.

Love it. Fuck those Wall Street crooks. 

GME already up 100%+ in pre-market trading. Now that the motion has gained traction, retail investors worldwide will probably join the subreddit in solidarity by sticking it to the man. Obviously, there is no investment case here, but an opportunity to make some easy money.

deardevil wrote:

GME already up 100%+ in pre-market trading. Now that the motion has gained traction, retail investors worldwide will probably join the subreddit in solidarity by sticking it to the man. Obviously, there is no investment case here, but an opportunity to make some easy money.

Would you give it a strong buy or just buy?

I wouldn't recommend it as it's basically gambling and there are no fundamentals supporting its share price. Any involvement on my part would purely be out of FOMO.

If you have money you can afford to lose, then I would say just buy. However, be mindful of having an exit strategy as there's likely to be a dump around the corner.

I've been in on GME and AMC for the last few days, but not for much. just doing it to tell my kids the story 😆

I did the same just for the lolz (nothing that I'd lose sleep over losing).

deardevil wrote:

I wouldn't recommend it as it's basically gambling and there are no fundamentals supporting its share price. Any involvement on my part would purely be out of FOMO.

If you have money you can afford to lose, then I would say just buy. However, be mindful of having an exit strategy as there's likely to be a dump around the corner.

Mate I was joking I don't care about stock market tips.

I wanted to join in the fun with a tiny amount but Trading 212 aren't letting anyone buy.

FEBravo wrote:

For those who are better versed at this, is the ban on Robinhood etc. a legitimate one based on applicable rules, or just a way to protect the rich hedge fund investors?

It is the latter and might just as well still become the former. Apparently Facebook has closed a Robin Hood discussion group with 160k people in it for allegedly breaking some rule before going fully shtum 😆 rich panicking people are by far the most embarrassing show on earth. Not sure what else needs to happen for people to realise that capitalism isn't even a system of rules, it's just rich people fucking everyone and everything over.

It's incredible to see, when it comes to their money they have no shame.

jones wrote:
deardevil wrote:

I wouldn't recommend it as it's basically gambling and there are no fundamentals supporting its share price. Any involvement on my part would purely be out of FOMO.

If you have money you can afford to lose, then I would say just buy. However, be mindful of having an exit strategy as there's likely to be a dump around the corner.

Mate I was joking I don't care about stock market tips.

I figured you'd be up for sticking it to the man. :boris:

goon wrote:

It's incredible to see, when it comes to their money they have no shame.

Aren't we all like that?

But yeah, it's disgraceful what is happening and I hope more shorts are squeezed.

My brother works for one of the hedge funds that bailed out Melvin (he's a nice guy I promise). He said there's rumours going around internally that they asked the brokers to stop allowing people to buy shares, to the point where they had to deny it in an internal email.

goon wrote:

My brother works for one of the hedge funds that bailed out Melvin (he's a nice guy I promise). He said there's rumours going around internally that they asked the brokers to stop allowing people to buy shares, to the point where they had to deny it in an internal email.

You're buying GME stocks and your brother is a hedge funder. This must be what Moses and Ramses would look like in 2020.

deardevil wrote:
goon wrote:

It's incredible to see, when it comes to their money they have no shame.

Aren't we all like that?

No.

Quincy Abeyie wrote:
goon wrote:

My brother works for one of the hedge funds that bailed out Melvin (he's a nice guy I promise). He said there's rumours going around internally that they asked the brokers to stop allowing people to buy shares, to the point where they had to deny it in an internal email.

You're buying GME stocks and your brother is a hedge funder. This must be what Moses and Ramses would look like in 2020.

😆

deardevil wrote:
jones wrote:

Mate I was joking I don't care about stock market tips.

I figured you'd be up for sticking it to the man. :boris:

Yeah you haven't changed either Savz.