phil bottle 9,815 Posted January 27, 2021 Share Posted January 27, 2021 Interesting battle being played out right now, initially on Wall St but now other markets too. Joe public investors using Reddit versus the hedge funds. I've always seen the whole business as glorified gambling, no surprise to some I'm sure😁, but this is a very unexpected turn of affairs. I'll post a link to the BBC article and add a YT vid where a guy does a fairly decent job of explaining what's going on from the non hedge fund side. Gamestop: 'Failing' firm soars in value as amateurs buy stock WWW.BBC.CO.UK Shares in a games company have soared more than 300% - the result of a fight between private and professional... J4MES OX4D and Plumbers Crack 2 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/ Share on other sites More sharing options...
phil bottle 9,815 Posted January 27, 2021 Author Share Posted January 27, 2021 Plumbers Crack 1 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135908 Share on other sites More sharing options...
Plumbers Crack 4,067 Posted January 27, 2021 Share Posted January 27, 2021 Love me a bit of Louis...he can repair almost any Apple product, much to their annoyance, is an advocate for The Right To Repair and abhors New York real estate prices! 🤣 RenFengge and phil bottle 1 1 Thanks to Capn_Underpants for the artwork Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135913 Share on other sites More sharing options...
The3rdWalker 1,274 Posted January 28, 2021 Share Posted January 28, 2021 Love it. Fuck these clowns, go WSB. GME TO THE MOON! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 i7 7700k, 16GB RAM, GEFORCE 1080, 240GB SSHD, 2TB SSD Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135921 Share on other sites More sharing options...
J4MES OX4D 10,054 Posted January 28, 2021 Share Posted January 28, 2021 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135927 Share on other sites More sharing options...
Dan94 913 Posted January 29, 2021 Share Posted January 29, 2021 Did anyone manage to get on? My mate at work had 2 friends who put together £7k and now have around £94k between them 😄 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135931 Share on other sites More sharing options...
GazzaGarratt 11,066 Posted January 29, 2021 Share Posted January 29, 2021 1 minute ago, Dan94 said: Did anyone manage to get on? My mate at work had 2 friends who put together £7k and now have around £94k between them 😄 What, actual real money? You shitting me?! Bloody hell, if I could actually understand it more I might've took an interest but thats crazy. Dan94 and J4MES OX4D 2 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135932 Share on other sites More sharing options...
Dan94 913 Posted January 29, 2021 Share Posted January 29, 2021 Just now, GazzaGarratt said: What, actual real money? You shitting me?! Bloody hell, if I could actually understand it more I might've took an interest but thats crazy. Yeah, actual money haha. Last Friday you could buy for $42, you could have sold yesterday at a high of $492 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135933 Share on other sites More sharing options...
GazzaGarratt 11,066 Posted January 29, 2021 Share Posted January 29, 2021 7 minutes ago, Dan94 said: Yeah, actual money haha. Last Friday you could buy for $42, you could have sold yesterday at a high of $492 Thats insane. Have they cashed out then? I'm not a huge stocks and share gambling type of guy. I used to be savings advisor based on cash accounts and whilst I know you can always make more money in S&S, its always too much risk when i've seen so many lose money. If you have a random 7k spare that you're willing to lose then i'd say go for it but I don't have the balls to throw away our life savings (which ain't as much as that!) on a hope they'll sell for more. At some point in this next 7 days I expect it all to go tits up. Dan94 1 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135935 Share on other sites More sharing options...
Dan94 913 Posted January 29, 2021 Share Posted January 29, 2021 26 minutes ago, GazzaGarratt said: Thats insane. Have they cashed out then? I'm not a huge stocks and share gambling type of guy. I used to be savings advisor based on cash accounts and whilst I know you can always make more money in S&S, its always too much risk when i've seen so many lose money. If you have a random 7k spare that you're willing to lose then i'd say go for it but I don't have the balls to throw away our life savings (which ain't as much as that!) on a hope they'll sell for more. At some point in this next 7 days I expect it all to go tits up. Yeah I think they've sold now. I'd be the same, no point risking it, just sell when you've made a hefty amount. There's another guy who put in $60k at the lowest point and now has $200m lol. As soon as people like him start selling, it'll crash the market back down again. GazzaGarratt 1 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-135937 Share on other sites More sharing options...
The3rdWalker 1,274 Posted February 2, 2021 Share Posted February 2, 2021 Fail-to-deliver is also a thing in the USA. They can trade back and forth with essentially IOUs until the retail investers quit, or they cripple the economy. i7 7700k, 16GB RAM, GEFORCE 1080, 240GB SSHD, 2TB SSD Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-136047 Share on other sites More sharing options...
phil bottle 9,815 Posted February 2, 2021 Author Share Posted February 2, 2021 The success of this, for me, was seeing how much those bankers are still hated, and how a few more folk have had the wool pulled from their eyes. The3rdWalker, Dan94, RenFengge and 2 others 3 2 Link to comment https://forevergaming.co.uk/forum/forums/topic/8515-gamestop-destroys-wall-st/#findComment-136051 Share on other sites More sharing options...
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