stocks in meltdown mode

[MTK]

Imagine if you bought in with GS at $3 and sold off at $347? Fuck.

[SunnySide]

The battle between the financial establishment and small individual investors is heating up, and the situation is already becoming political — in some cases providing some interesting common ground.

The anger is bipartisan. Rep. Alexandria Ocasio-Cortez (D., N.Y.), Rep Ro Khanna (D., Calif.), Sen. Ted Cruz (R., Texas) and even Donald Trump Jr., eldest son of the former president, have all called out the situation as unfair for individual investors.

As Robinhood and other brokerages halted buying of Gamestop (GME), AMC (AMC) and other stocks Thursday, only allowing users to sell their positions, a wave of anger — and accusations of hypocrisy toward Robinhood — washed over parts of the trading community.

Hedge funds could buy and sell, but on many platforms, retail investors could only sell.

“This is unacceptable,” AOC tweeted on the news. “Fully agree,” Ted Cruz responded.

https://www.yahoo.com/finance/news/t...171906758.html

CRed - nice return, i thought movie theaters/airlines/restaurants would be dead

[Chico23231]

Establishment Always Wins

[MTK]

Originally Posted by Chico23231

Establishment Always Wins

aka the system is rigged

sometimes we get these blatant examples of it

[Chico23231]

Originally Posted by MTK

aka the system is rigged

sometimes we get these blatant examples of it

I know a managing director who works with hedges funds for a big firm.

I haven’t asked yet...but these hedge funds guys will first want blood. They are gonna make someone pay. They are maybe the most aggressive, blood thirsty folks in global banking & markets.

Also remember, there a lot of folks worldwide waiting to see what happens...lotta folks not happy.

Establishment Always Wins

[mredskins]

My BIL supposedly made a million dollars in his stock. He put $2k on ENZC and it grew by 50000%

My wife was telling me, I was just like ok.

Not sure I believe it

[Giantone]

Hedge Fund guys getting a taste of their own medicine .

[sdskinsfan2001]

Do Hedge Funders only try to short stock? That is their whole mission?

If so, this couldn't happen to a nicer group of people.

Talk about uniting the clans.

What do companies get from selling to these people? Is it because they're confident the stock will still go up, even though a company is actively working on dragging it down?

[CRedskinsRule]

Originally Posted by mredskins

My BIL supposedly made a million dollars in his stock. He put $2k on ENZC and it grew by 50000%



My wife was telling me, I was just like ok.



Not sure I believe it

Looks like ENZC was selling at around 10 cents after opening in December and went up to 25cents yesterday. While that's great profit its not making a million dollars. You can always Google a stock ticker and see the chart of pricing

Sent from my SM-G973U using Tapatalk

[mooby]

Not gonna lie, I wish I was smart enough to understand the stock market enough to buy in on the Gamestop/AMC/etc. stocks while the gettin' was good.

But everybody smart enough to understand the stock market says the first rule is if you don't know what you're doing, don't buy individual stocks.

So here I sit watching everybody else get rich off the action.

I understand the basic concept of stocks, you buy low and sell high. Don't put all your eggs in one basket. Diversify your bonds, ninja. But this whole concept of short-sales and selling stocks you don't own so you can buy them back later at a lower price doesn't make sense to me at all. I just can't understand why you would be allowed to sell a stock you don't own.

Makes me happy seeing people who manipulate the market for a living (and get rich doing it) getting a taste of their own medicine though.

[sdskinsfan2001]

Rich people/companies/firms fucking over every day Americans = Something we can all get behind hating

But yet it's all perfectly "legal" and has been going on forever. We're always left holding the bag.

[sdskinsfan2001]

What kind of person thinks to himself/herself: What do I want to do for a living? I know, I want to get rich while fucking over my neighbor.

[Chico23231]

Apparently the robinhood guy showed up on stock shows end of day and it went predictably terrible

You really need to be careful who you have your money with...the first rule of the stock market

[CRedskinsRule]

Originally Posted by mooby

Not gonna lie, I wish I was smart enough to understand the stock market enough to buy in on the Gamestop/AMC/etc. stocks while the gettin' was good.

But everybody smart enough to understand the stock market says the first rule is if you don't know what you're doing, don't buy individual stocks.

So here I sit watching everybody else get rich off the action.

I understand the basic concept of stocks, you buy low and sell high. Don't put all your eggs in one basket. Diversify your bonds, ninja. But this whole concept of short-sales and selling stocks you don't own so you can buy them back later at a lower price doesn't make sense to me at all. I just can't understand why you would be allowed to sell a stock you don't own.

Makes me happy seeing people who manipulate the market for a living (and get rich doing it) getting a taste of their own medicine though.

Tell you what, people who understood the market got richer over the past 10 months. I can just say with very limited funds, I made 300% growth with very select funds. Definitely not normal, but taking the simple concept that certain stocks got caught up in the panic selling for no reason enabled simple decision making. An example is DELL, a decent stock with no serious reason to have tanked when the market did. I bought it at $27 because the year leading up to the crash it was around $55. It's now over 60, but admittedly I sold it around 50 to lock in that and bought other stocks I saw similar potential with. And I bought several Cannibas stocks in November that have seen significant growth too.

The one question I have to see is taxes, it is all within an IRA so I don't think I have taxes due for the short term gains, but have to confirm that.

[mredskins]

Originally Posted by CRedskinsRule

Looks like ENZC was selling at around 10 cents after opening in December and went up to 25cents yesterday. While that's great profit its not making a million dollars. You can always Google a stock ticker and see the chart of pricing

Sent from my SM-G973U using Tapatalk

He bought it at .0005 cents a share like a year ago, this is how the story goes. Like I said I don’t believe it.