stocks in meltdown mode

[punch it in]

It is definitely both.


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[BaltimoreSkins]

Yeah this happens after almost every election. Investors crave stability they don't care who is in charge of the game as long as they know the rules.

[MTK]

Biden bump pushes the market over 30k for the first time ever


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[Chico23231]

Thanks President Trump for saving the economy and delivering a Covid vaccine in less than 10 months against a plague the world has never seen.

Appreciate trump eliminating the Russia threat against our elections as well. The most successful election in history right?

Joe can just sit in his basement while trump continues to deliver

[mooby]

Originally Posted by Chico23231

Thanks President Trump for saving the economy and delivering a Covid vaccine in less than 10 months against a plague the world has never seen.

Appreciate trump eliminating the Russia threat against our elections as well. The most successful election in history right?

Joe can just sit in his basement while trump continues to deliver

Enjoy this, because I'm never going to take you seriously in this forum again.

[Chico23231]

Originally Posted by mooby

Enjoy this, because I'm never going to take you seriously in this forum again.

Lol...remember when Obama let the Russians interfere? Well trump stopped it right?

[Giantone]

Originally Posted by Chico23231

Lol...remember when Obama let the Russians interfere? Well trump stopped it right?

You're a joke , STFU.

[sdskinsfan2001]

Originally Posted by MTK

Biden bump pushes the market over 30k for the first time ever

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[Chico23231]

Originally Posted by Giantone

You're a joke , STFU.

Look at the policies homeland security agency implemented during the trump administration and how state agencies were consulted to improve election vulnerabilities in the voting process. There was a strategy and it was a bi partisan in the house to get it done...which happened.

Thanks again bigly!

[mooby]

True story; look at this shot of all the Texans celebrating the Dow hitting 30k by lining up for free food.

[MTK]

I just caught myself up on this GameStop story, pretty crazy

Everything you need to know about how a Reddit group blew up GameStop's stock

Basically the players are getting played and they're not happy.

[Chico23231]

But most know how this will end for the “retail” investor

It’s a super interesting story...but E.A.W.

[SunnySide]

My little brother is a wallstreetbets member. He cashed out 2 days ago.

Big money guys shouldnt be able to short sale (sell stock they dont own on assumption it will go down and they will then buy the stock). Hedgefund big money guys target a stock. Sell a stock (they dont technically own) for $10 bc the volume them and their other hedges do it at in unison will drive the price down. Then they buy the stock for $8 or whatever it goes down to complete the previous sell at $10, pocketing $2 for a stock they never owned.

Meanwhile, single mom and dads (who actually own the stock) watch their stock price go from $10 to $8 over night not bc of a companys PE or financials (things that are supposed to dictate stock price and market activity) but bc some hedgefund investors decided to target gamestop or whatever stock for a short sale cash grab while on their yachts or some strip club.

It blows my mind this is legal.

So wallstreetbets decided to buy gamestop and not stop buying gamestop so instead of the price going down it went up and up bc wallstreetbets didnt stop buying.

Now these hedgefunds who thought they could buy the stock at $8 and make a quick $2 ...... have to buy the stock at like $300 and are losing $290 or where ever they cut their losses.

I am not a stock person, this is my layperson understanding and I could be wrong or way over simplyfing things to the point of being inaccurate.

This is like a modern day robin hood.

[SunnySide]

Two of the major hedge funds targeted by investors on Reddit pushing up the stock price of GameStop have waved expensive flags of defeat and sold out of their investments, losing millions of dollars.

On Wednesday, the stock price of GameStop (GME), the mall retailer for video games, soared 134%, a staggering increase of 748% in just one week after Reddit investors launched a chaotic short squeeze attack to increase the price and screw over major investors.

Wall Street hedge funds, including Citron Research and Melvin Capital, had shorted the stock, meaning they bet against it and needed it to drop in price in order for their investments to be successful.
https://www.buzzfeednews.com/article...-street-losses

After the flurry of activity on Wednesday, TD Ameritrade, one of the free brokerage apps commonly used by young investors, briefly restricted trades on some stocks, including GameStop and AMC (another target of the WSB crowd) “in the interest of mitigating risk for our company and clients." That frustrated many who saw the halt as Wall Street firms stopping investors from making trades that would improve their personal wealth.

------------------
Crappy how the hedge fund guys were able to get TD and robinhood to pause activity so the could regroup ... at the expense of people like me and you being able to make money off it.

if pride didnt get in my way, id make my little brother my financial advisor. the language he uses sounds like Japanese to me.

[CRedskinsRule]

I sold AMC yesterday at a 400% win. I bought a bit of AMC and Cinemark a while ago thinking they will rebound. At this point Cinemark also has been a very nice growth.

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