GameStop : GME
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- Posts: 533
- Joined: Tue Feb 14, 2017 7:27 pm
You think hedge funds are shorting GME with NHS money? Nah, most of those are nice safe index funds and ETFs, who will benefit from the cheap shares they purchased during this week's sell off, which was caused by....GME.ShaunWhite wrote: ↑Thu Feb 25, 2021 4:44 pmYes hilarious init... "the hedge funds" are the institutions that are managing our pensions and the NHS trusts' funds. I wish jokers like this would stop fckin around like it's all a big game.
- ruthlessimon
- Posts: 2095
- Joined: Wed Mar 23, 2016 3:54 pm
Stocks down, bonds down, gold down, crypto down, GME up!
in truth, 100% increase one day, 50% plummet the next -all good if you're all auto'd up.ruthlessimon wrote: ↑Thu Feb 25, 2021 9:14 pmStocks down, bonds down, gold down, crypto down, GME up!
i casually laugh at 100% profit when I think about my £2 stakes on some strageies pulling in 12-15 points on a good day and maybe losing 6-8 on a bad day. if you play to the gallery (i.e. market tolerances) on BF, you can make decent gains across a number of disciplines...
Crazy markets
Meme stocks are roaring again. Just bizarre, it's clear a lot of people haven't a clue what they are doing.
A frenzy of buying of AMC Entertainment stock triggered several trading halts Wednesday, with meme-stock traders fueling a surge of more than 100%.
Trading was halted several times for brief periods as shares changed hands at a brisk pace. More than 500 million shares have been exchanged so far Wednesday. Its 30-day average volume is 143 million shares.
At one point, AMC’s price peaked as high as $72.62, far above its previous intraday high of $36.72, which occurred on Friday. Its closing record is $35.86, set on March 23, 2015, according to FactSet data.
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- Posts: 533
- Joined: Tue Feb 14, 2017 7:27 pm
- ruthlessimon
- Posts: 2095
- Joined: Wed Mar 23, 2016 3:54 pm
Ignore momentum at your peril!
https://en.wikipedia.org/wiki/Momentum_(finance)
https://en.wikipedia.org/wiki/Disposition_effect
https://en.wikipedia.org/wiki/Momentum_(finance)
https://en.wikipedia.org/wiki/Disposition_effect
I think it's interesting to see how each generation gets caught up in these sorts of things. Price action isn't an investment, it's pure speculation. But every ten years or so I see a different sector or theme develop where people seem to think they can defeat fundamentals. But fundamentals ALWAYS play out in the long term. Short term the market is a voting machine, long term a weighing machine.