Stocks & Shares & that

[Mellberg]

The new lockdown rules are vague enough to make the FTSE unpredictable again. Not much spending in tier 3 areas and reduced spending in tier 2. Note the FTSE is the only major European market in the red so far today.

[Foe]

Started researching this afternoon and investopedia is just an awesome dictionary.

Brain is melting though. Get the feeling this will take a good amount of hours to read and apply before you should be thinking about shoving anything liquid in.

[Mellberg]

Had a mare on gold. Hope you moved that stop loss Spikey :thbdn:

[Kikó]

Was just coming here to post this https://themarketear.com/posts/ceyofHs1ye/amp?__twitter_impression=true

[Foe]

Didn’t a load of investors seek refuge in precious metals during COVID?

Will they not pull back out and into companies for growth?

[Spikey M]

Had a mare on gold. Hope you moved that stop loss Spikey :thbdn:

I didn't actually do it. I thought you were just using gold as an example and I said I went all in as a Joke. :D

Pretty much because of what Foe said. I thought in times of Economic Crisis everyone goes in hard on Gold so now would be the worst time to buy?

[Mellberg]

Yeah, absolutely. But these things don't tend to move in straight lines and you usually get a bit of mean reversion after a big fall (1950 to 1800), but it sat and waited for the mean to come down rather than pushing back up itself. Complete dead duck.

Got back out at 1910 for no loss anyway. Just glad Spikey didn't get involved :eyemouth:

[Spikey M]

Me too. Especially as I still haven't put a stop loss in place. :D

My theory is, as I'm not spread betting any loss will rebound at some point anyway. (Or they go bust, obvs.) Anyway, as long as my Top Man stock stays safe I'll be happy.

[Foe]

Bar the fact you’re playing with money, I suspect trading (or predicting what to get in one) might be pretty good fun once you have a rough idea of what’s going on.

[Jimmy Floyd]

I lost millions in fake money. Have had to sell my fake house and am now drinking fake Special Brew off a fake park bench.

[phonics]

I lost millions in fake money. Have had to sell my fake house and am now drinking fake Special Brew off a fake park bench.

That’s bitcoin.

[Pepe]

https://i.imgur.com/Z2xwKem.png

:lol:

[Spikey M]

That’s bitcoin.

Someone at Uni told me to buy Bitcoin in 2009 - 2010 and I lolled them out of the room. It goes down as one of my biggest regrets.

[-james-]

You probably would have sold when it got to a few hundred dollars in 2013 anyway.

There are plenty of people who have made fortunes on it in the last couple of years alone.

[Mellberg]

Someone at Uni told me to buy Bitcoin in 2009 - 2010 and I lolled them out of the room. It goes down as one of my biggest regrets.

Someone started a thread on here fucking years ago. I'm sure of it.

[Mellberg]

I lost millions in fake money. Have had to sell my fake house and am now drinking fake Special Brew off a fake park bench.

:D

You should keep us informed. Still interesting real money or not.

[Shindig]

It's all detailed in his Fake Book.

[Mellberg]

Closed Cineworld and RR for profitz. IAG still running. They'll probably still take off with time but I'm a short term wanker.

Was too early on gold :(

[Spikey M]

Is that not an early sell? Or are you looking to get back on after the inevitable slump in a few days?

[Mellberg]

I always pull out early :eyemouth:

Like to take the first burst, guarantee the moneyz, then go find something else. There are different strategies and holding is fine, but a bit slow for my tastes.

[Spikey M]

I bought GlaxoSmithKline yesterday as they've been steadily losing value all year, but their financials all look sound. I can only attribute it to their Covid Vaccine being sub-par and everyone jumping from them to Pfizer et al. Am I missing any red flags Mellers?

[Mellberg]

Contradicting data, so could go either way. No obvious red flags, but not many buy signals either. General sentiment of market might see it turn though.

Yev, did you get on Cineworld?

[Spikey M]

Hmmmm. I'm happy to sit and wait with a ~5% dividend so I think I'll sit tight for now.

I'm still holding on Rolls Royce, I think there will be a bigger bounce when flights start picking up and they've finished setting up in India or wherever they go.

The rest of my money is on Premier Oil. Due a merger at some point next year, but it's by far my riskiest punt.

[Mellberg]

Oh yeah, Rolls Royce isn't done yet. Keeping tabs on it. Trade it pretty often as low share price = profitz and has a nice low spread.

Gold's nearly at 1850 :moop: Missed opportunity there. Would've been a big one.

[Yevrah]

I didn't Mellin. Been busy with work and FIFA and not spent the time familiarising myself with all the lingo yet.

I see they've moved nicely now though.

[Offshore Toon]

What does "loading zone" mean, Mell? I've seen it used a few times.

[Mellberg]

Long on the Dax @ 13260. Target = 13400

Edit: Fucked it off. No movement.

[Mellberg]

Plenty more fish in the sea, Yev. FIFA doesn't pay the bills though :eyemouth:

Offy, loading zone means an area to buy. So the buy price for Cineworld between 42 and 53 was the loading zone.

[Lofty]

Cineworld likely to tank thanks to that Warner Brothers HBO Max announcement.

[Spikey M]

Well, RR had a good day today. I'm currently up 21.8%.

[Mellberg]

:thbup:

Long on the Dax from 13186.

[The Merse]

Someone at Uni told me to buy Bitcoin in 2009 - 2010 and I lolled them out of the room. It goes down as one of my biggest regrets.

About the time I was using them on a dodgy site selling old Windows games including USM and Age of Empires. It was cheaper buying BC to pay with. If only I'd held some back...

[Mellberg]

Took 40 pips from that Dax trade. Need to be careful how I post in here TBF. I'll put some further detail in future. Someone might see buy and expect 300 pips, follow in, and end up getting stung.

To make it clear at the min I'm scalping the Dax against a bearish trend, which on the 4hr is very strong.

[Mellberg]

Some sexy Dax action again today. So volatile :drool:

Spikey, have you held RR (and Cineworld?) or closed them?

[Mellberg]

Did anyone else get on? Offy said something about buying I think?

[Offshore Toon]

I got on when you initially said, but then you said to Spikey something like "you didn't buy already did you?" and I got off. I'm still trying to figure out how it works so it was only small. I can't quite see where the HUGE gains (+100%) of CFD will come from, though.

[Spikey M]

Some sexy Dax action again today. So volatile :drool:

Spikey, have you held RR (and Cineworld?) or closed them?

Holding RR. Happy to stay in for the long haul.

[Mellberg]

Admittedly it was a very good week, but I made nearly 100% in a week in March. Once the Vix goes up and volatility kicks in you can feasibly double your account in a day.

Nice one Spike :thbup: just be aware it's hit the 50MA on the daily (hence the pullback today). May see further downside before another upward move.

[Mellberg]

And I'll own that Offy. Any further trades will have full info.

[Offshore Toon]

It's not a problem. I mostly did it as I find it easier to pick things up by actively investing and it really wasn't much.

[Don]

These crack me up:

https://www.instagram.com/nicole_investment_trade/

Ain't no one with the required analytical mind to succeed posting shit like that :D

[Offshore Toon]

I don't usually get involved in crypto but my mate seems very sure of ethereum. It's probably lower risk than I want at the moment, but may be an option moving forward.

[Spikey M]

I'm planning to buy Bitcoin next time the price crashes. I always think it's the end of the fad when it happens and then it climbs to new heights.

[Kikó]

https://www.bloomberg.com/news/articles/2020-12-06/water-futures-to-start-trading-amid-growing-fears-of-scarcity?cmpid=socialflow-twitter-business&utm_content=business&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic

Time to get on those water futures.

[Foe]

Spent a good few hours on Saturday narrowing down the ftse to a list of companies and industries I’d be interested in.

Basically avoiding anything energy related as I already have fucking shit loads of shares in my own gaff and banking/investment.

Two I’m most intrigued by are

Smith and newphew
Relx

Primarily because they’re in areas I imagine has room to grow in future.

Do you have companies you shortlist mellin or do you just jump on based on indicators and technical indicators?

No matter how good the MACD looks I don’t think I’d ever trust lumping money in a bank/investment company nor retail just in case you got stuck by a sharp drop.

[Mellberg]

I have a shortlist of indices, commodities and companies I trade. Not many actual companies (tend to have looser spreads). Rolls Royce is nice and tight, hence why I'm always banging on about it.

But mainly:

RR
FTSE
Dax
Dow
Nasdaq
ASX
Gold
Oil
GDP/USD

Will spread my wings elsewhere when I spot a worldwide, but that's my core group. And you don't lump. Risk management with stop loss and position size. It protects you against all that shit (and you need that protection) and means you can scale in when it goes in your favour.

[Spikey M]

Any thought on the ABNB IPO tomorrow Mellers? I'm hoping to be all over it. Any red flags I'm missing?

[Offshore Toon]

I was thinking the same, Spike. DoorDash IPO today was mad.

[Spikey M]

It was. ~70% price increase in what, 3 hours? Looks like free money, but I know very little about IPO's.

[Mellberg]

Advice is...don't touch it with a barge pole. About to retrace.

[Spikey M]

Is that ABNB or DoorDash mellers? I'm purely looking at a hump and dump on ABNB. I wouldn't touch DoorDash. Fast food delivery is worth more now than it ever will be.

[niko_cee]

Hump and dump? For fucks sake have some self respect man.

What have you become?

[Mellberg]

It could go further, but this is a percentages game and that's just had 3 strong days. Daily's overbought, 4hr is overbought. Your exposed to some serious pain there if it retraces, which it should. Possibly tomorrow. Almost certainly by Friday.

[Spikey M]

Those bishes ain't worth shit. One afternoon to rock my world and i'm outee yo.

Seriously though, why not mellers?

[Spikey M]

It could go further, but this is a percentages game and that's just had 3 strong days. Daily's overbought, 4hr is overbought. Your exposed to some serious pain there if it retraces, which it should. Possibly tomorrow. Almost certainly by Friday.

But it's not on the market yet? I'm confused.

[Mellberg]

Fucking gold btw :moop:

[Mellberg]

It's @ $83. Been trading since August. You can trade before it lists on certain platforms.

[Mellberg]

https://i.ibb.co/L6J62BX/Screenshot-20201210-000626.png (https://ibb.co/L6J62BX)

[Boydy]

Snowflake and Unity both IPOed a few months ago. Snowflake's gone from about $220 to $370 and Unity is up about 60%. I was tempted by both but I haven't a clue what I'm doing so stayed away.

But is it just another tech bubble? I suppose bubbles are fine if you get out before they pop.

[Offshore Toon]

https://i.ibb.co/L6J62BX/Screenshot-20201210-000626.png (https://ibb.co/L6J62BX)
What app is that?

[Baz]

Ale Or Horse.

[Mellberg]

What app is that?

IG. Best I've seen by a distance.

[Spikey M]

1337068546929680388?s=19

Yeah, no chance I'm buying but christ I wish I had some to sell. Absolute insanity.

[niko_cee]

Yeah, yeah, yeah, and everyone lolled when Facebook floated at $40 or whatever it was (and then dropped thus proving us right). Oh wait . . .

[Luca]

Selling $DASH short / buying medium-term $DASH puts is probably the closest we'll ever get to a free lunch on Wall St. in the history of securities trading.

Er...no pun intended.

[Spikey M]

Peaked at 164 and now falling back to 145. It will keep going I imagine. Who are the people buying at these prices?

[Lewis]

It seems like a lot for something that could quite easily (and probably will) be regulated out of existence in most major cities. At least Uber makes a bit of sense for anyone stupid enough to believe the self-driving car HYPE. Taken as a whole everything has a definite whiff of swaggering eighties Japan about it, just without the amazing car legacy.

[Baz]

Haven't they binned off the self-driving car now?

[Spikey M]

It seems like a lot for something that could quite easily (and probably will) be regulated out of existence in most major cities. At least Uber makes a bit of sense for anyone stupid enough to believe the self-driving car HYPE. Taken as a whole everything has a definite whiff of swaggering eighties Japan about it, just without the amazing car legacy.

They're not even profitable. Their revenue is -14% ffs. I get that a lot of that is just because they're still growing the business, but valuing a loss making company higher than all other Hotel chains in the US combined is mental.

Mellers, I need this explaining to me. I get the initial buy in and quick sales causing the spike (Pump it and dump it Niko my son). Easy money. But how is this holding at ~140? There can't be that many Air BnB fan boys out there, surely?

[Boydy]

Tech bubble.

[Lewis]

There is (and has been) too much money floating around and nowhere to put it.

[Spikey M]

I'll have it.

[Mellberg]

https://www.ig.com/uk/shares/ipos/how-to-trade-ipo

Some good info there if you're interested in IPO trading.

[Kikó]

Story of Airbnb here- https://blog.ycombinator.com/the-airbnbs/

[Mellberg]

Airbnb price starting look pretty appealing for those who are interested. At least in the short term. Has the potential to fire though being a new stock of course. There's a lot of volume and a very good spread too. I'd like 120, but not sure I'll get it.

Long term I'm not too sure as there's fuck all data due to it being recently listed. If there's momentum I'll stay in, if not will get out pretty early for a small profit or loss.

[Boydy]

1336317544408305665

Interesting thread here on Uber. Not sure if airbnb is similar.

[Mellberg]

Bought 12570. S/L 12200. First target 13490 and take a third. Second target = 14,490 and take another third. Third target = 16,290 and take the rest. Or once the MACD/stochastic runs out of steam on 15 min timeframe.

No promises. Based on lower timeframe data and suspicion it may have completed pullback and be ready to push forward.

[Spikey M]

Too rich for me this one.

[Mellberg]

Just clocked the Vix. S/L moved to entry. May be a storm coming :yn::drool:

[Kikó]

1336317544408305665

Interesting thread here on Uber. Not sure if airbnb is similar.

I don't think Airbnb will suffer the same fate but if home rentals get banded into hotels standard of regulation then it changes the paradigm and viability.

[Mellberg]

Uber's not far from a big sell off imo. Might even be this week.

Airbnb up 400 pips. Took a third early as the Vix has me on edge.

[Kikó]

What ever happened to Groupon?

[Mellberg]

You talking to me Daws? :confused:

Ripple might be next target. See how it reacts to 200MA on the 4hr.

[Kikó]

No idea - Uber just triggered a thought of Groupon and how they seemed to be built on shaky business principles.

[Mellberg]

Placed a (bad) trade on them a few months back. Not paid much attention since. They're on the blacklist.

The post-covid stimulus boost was very kind to some undeserving businesses imo.

[Spikey M]

Mellers, any chance you can give my head a wobble on why everyone doesn't hold a load of these:

https://graniteshares.com/institutional/uk/en-uk/etps/3sbc

Currently going for about 50p a pop. Even £20 would see a hefty return next time the economy goes pop, no? And if you own the shares, you're not directly shorting the company, so no fees for doing so, right?

I must be missing something.

[Raoul Duke]

What ever happened to Groupon?

They turned down a multi-billion offer from Google then spent the next few years growing too fast before the wheels came off, from what I remember.

[Spikey M]

I never understand these companies. I don't care how much I believed in my business, if they wanted to pay me £100m for it I'd be on a yacht off the coast of Monaco before the ink was dry on the contract.

[Spikey M]

Mellers, any chance you can give my head a wobble on why everyone doesn't hold a load of these:

https://graniteshares.com/institutional/uk/en-uk/etps/3sbc

Currently going for about 50p a pop. Even £20 would see a hefty return next time the economy goes pop, no? And if you own the shares, you're not directly shorting the company, so no fees for doing so, right?

I must be missing something.

There's one to short Tesla that I'm massively tempted by.

[Mellberg]

You're missing something.

The cards aren't stacked in your favour with regards to spreads no matter how or where you trade. The last thing you want to be doing is generating a bigger gap than necessary, which you need to be filling before turning a profit (3x ETP/ETFs etc have bigger spreads). Also, you're obviously exposing yourself to bigger losses. Risk management. Stop losses. Position size. Tight spreads. If you're looking at this then you're maxing your account. You might have a good week, month, might even miraculously blag a year, but it doesn't matter how big your account has become, eventually you'll lose the lot in a day at those rates. If it's money you can afford to lose and you're trying to grow your account then by all means crack on. If not and you want to do this long term then take a step back and reevaluate your approach.

Just want to make sure you're not making any big mistakes :thbup:

Anyway, what's your plan behind shorting Tesla at 3x you mad bastard? :D

[Spikey M]

You're missing something.

The cards aren't stacked in your favour with regards to spreads no matter how or where you trade. The last thing you want to be doing is generating a bigger gap than necessary, which you need to be filling before turning a profit (3x ETP/ETFs etc have bigger spreads). Also, you're obviously exposing yourself to bigger losses. Risk management. Stop losses. Position size. Tight spreads. If you're looking at this then you're maxing your account. You might have a good week, month, might even miraculously blag a year, but it doesn't matter how big your account has become, eventually you'll lose the lot in a day at those rates. If it's money you can afford to lose and you're trying to grow your account then by all means crack on. If not and you want to do this long term then take a step back and reevaluate your approach.

Just want to make sure you're not making any big mistakes :thbup:

Anyway, what's your plan behind shorting Tesla at 3x you mad bastard? :D

Shorting in general is completely new to me. It's never been the plan (and still isn't) I just stumbled upon that and couldn't understand it. What you said makes sense though. I'll leave it.

The Tesla one purely interested me because I think it's a hipster sack of shit that will implode at some point. Plus, they're $0.019 a pop. A fiver would do it. But yeah, it doesn't work like I hoped it would. I'll stick to boring dividend shares. :D

[Mellberg]

So last Thursday for example. The range from lows to highs was 1388. Minimum you can trade that ETP is quid a pip at a margin of £1456. You catch worst case scenario there and you have £68 left. Game over. That was a short at the wrong time four trading days ago. And it's pushed further since.

[Mellberg]

:D Sound

Don't get me wrong. Technically it's set for a fall, the Vix is warming up, it looks a half decent shout and I've just spent a few minutes looking into it. Daily MACD looks weak and is potentially on the turn. If the stochastic was overbought too I'd be tempted to start small and maybe build in. But Tesla has this habit of going FUCK IT and storming on to Valhalla.

Could be a good call. 50k is definitely in range. Just don't do anything at maximum death speed levels. You'll end up like Boydy making existential Saudi crisis posts in the moneyz thread.

Ripple has my attention today as it's pissing about on the 4H 200MA.

[Spikey M]

Fuck it, I'm gonna buy £5 worth of it just as a learning experiment. Just to clarify before I do, the worst that can happen is I lose the fiver in full? There's no charges or anything they can come after me for? :uhoh:

[Boydy]

I'm what?

[Mellberg]

Fuck it, I'm gonna buy £5 worth of it just as a learning experiment. Just to clarify before I do, the worst that can happen is I lose the fiver in full? There's no charges or anything they can come after me for? :uhoh:

No. You can lose more than a fiver. Do you mean £5 margin or £5 per pip? You can lose whatever is in your account. Do the maths. Which broker are you using? They should do it all for you tbf. If you provisionally make a bid offer and set a price for a stop loss it should show potential losses in good old English sterling? If not, find another broker.

Edit: Only joking Boyd.

[Spikey M]

Welp. Fuck that then. I knew it could happen with Shorting in general, but thought this was just buying shares in a company that has shorted Tesla?

I'm using 212 but I am considering moving to IG.

[Boydy]

Spikey, just put your money in an index fund and forget about it.

[phonics]

Welp. Fuck that then. I knew it could happen with Shorting in general, but thought this was just buying shares in a company that has shorted Tesla?

I'm using 212 but I am considering moving to IG.

It's literally just gambling but on a stock not a football team.

[Spikey M]

It's literally just gambling but on a stock not a football team.

If it was just gambling you wouldn't be able to lose more than your stake.

[niko_cee]

:D

What a way to argue that.

Look, this is serious business this, I could lose my house . . .

[Mellberg]

Gamblers lose and an index funds returns are negligible unless you're already loaded.

[Spikey M]

I am broadly sticking to big stable companies that pay dividends. I'm comfortable with a few % return on my money, but I did also back Shell and I'm still holding Range Rover in the hope of a bigger return.

From my very quick look at it Shorting is a big no from me. Losing what I invest is a risk I'm willing to take, possibly losing more than that is mental.

[Jimmy Floyd]

I've dabbled in sports spread betting before (with tiny amounts), it's basically what Mellin said, a one way ticket to the homeless shelter.

[Mellberg]

Yeah, completely different game. Fuck index funds anyway. If you'd followed the Mellberg fund and moved stop losses when stated you'd be over 100% up so far with zero losses.

And I'm a Brummie ex-con who managed a C in maths. It's not some impenetrable fortress which belongs to the rich. It's on your doorstep and you can trade it. Just do the hard work first and don't be stupid.

[Foe]

What’s the rebuy point for rolls Royce then?

Seems to back in free fall...

[Spikey M]

I can't see any short term value in RR. They're moving the whole operation abroad and have announced that they don't expect to be operating as normal for another 5 years.

[Mellberg]

Don't have one at the minute. Definitely not in free fall though. It's still up nearly 60% from 2nd Nov.

[Offshore Toon]

My mate fancies Aston Martin at the moment as they're apparently about to make some big moves in the EV market. They've had one hell of a fall from grace so far.

[Spikey M]

Ooooof that's one of the biggest falls I've seen I think: 10,860p to 1628p this year.

[Mellberg]

Yeah, Aston Martin's brutal. Probably have a sharesave scheme. If you held you'd be gutted. Shoots of recovery though.

Highs are nearly 340 I think.

[Mellberg]

Ripple :henn0rz:

[Kikó]

What's the story with ripple?

[Mellberg]

The increased volatility is due to spark tokens and air drops. That rise today was purely technical though.

[Kikó]

https://youtu.be/BLc5mvOGgxc

[Spikey M]

I swear crypto does this every Christmas.

[Mellberg]

:D

[Baz]

I swear crypto does this every Christmas.

This is the first time BTC has ever been over $20k. Pretty huge!

[Lofty]

More people are gambling on crypto, especially Bitcoin. That helps. I have seen people I know in real life talking about it now, where as it used to only be on internet forums.

It is possible to gamble on Crypto and make money, but I don't think you can class it as an investment per se. Even gold, which Crypto true believers dismiss as a useless investment, actually has uses beyond being a valuable precious metal that backs/once backed currency.

The problem with Bitcoin and it's clones are it will never replace currency for a whole host of reasons, so essentially you are playing poker and hoping you fold at the right time because if a whale cashes out their millions the suicide hotline goes up on Reddit, provided the exchanges have the money to actually pay out. Bitcoin doesn't have any actual use, even as a currency (7 transactions per minute lol) except as an investment vehicle.

Good luck to all those 'investing' but I fear for those who bet the farm.

[Spikey M]

Crypto is a bit more useful than people think. It's especially good when it comes to sending money to people in other countries without fees for doing so. If they can find a safe and simple way to do it without fucking about with wallets then they're golden. The trouble is, if they do manage it the banks will just bin their fees and Crypto will go in the bin. They're probably better off staying as they are.

[Lofty]

The lack of regulation is what made it attractive as an idea I think, but for all the uses an untraceable currency might have, inevitably it becomes nonce coin and when it isn't there's the issue of all the scams (Mt Gox etc).

Edit: I forgot to add the other problem. Say you are sending me some BTC to pay me for something and want to avoid fees. Say you paid me on friday. BTC has jumped massively since then, so I am in the money and you are probably not happy. The volatility isn't conducive to any transaction except cashing out.

Volatility caused purely by people jumping on to get rich quick and others looking to cash out said investment. As I said before, good luck to those gambling on it but I worry about some people I know who have seemingly declared it the new god in their life quite quickly.

[Offshore Toon]

Most of the big cryptos apparently have uses beyond being currencies. I'll be damned if I can remember which ones do what, but my mate told me at length whilst pissed a couple weeks ago.

[Don]

I was a fan of the basic skeleton theory but the fact it's been marketed at [and subsequently jumped on by] a special breed of people, I imagine it won't last.

[Spikey M]

That's what I thought and now Bitcoin is the highest it's ever been. Twice I've missed the bus. Although had I got on the first time I was told to I would be a millionaire right now. :moop:

[Don]

It's basically a missed Graham horse tip, no biggie.

[Lofty]

That's what I thought and now Bitcoin is the highest it's ever been. Twice I've missed the bus. Although had I got on the first time I was told to I would be a millionaire right now. :moop:

Or lost your millions in one of the countless exchange raids and be bitter about it for the rest of your life.

[Spikey M]

Alright Mellers, market is in the shit for obvious reasons. I'm sensing value in haulage? Guide us supreme leader.

[Mellberg]

I'm watching for the time being. Plan is to open a long monthly options contract on an index when the fall finishes. Dax 13k might be a good area. FTSE should show strength soon as the pound is getting butchered.

[Mellberg]

If you're going to trade in this environment use a stop loss. Extremely volatile.

[Spikey M]

I'm sitting pretty on AbbVie (and RR still but we won't talk about that) at the moment. It's not doing much, but I'm not touching this shit show on the strength of my own hunches.

[Mellberg]

RR? I said to close that ages ago :moop:

I don't think this is terminal anyway. It's an emotional reaction to extended lockdowns and London being wiped out. Long term it doesn't change much. Be a good buying opportunity soon.

[Spikey M]

I'm leaving RR running long term, I think there's plenty of recovery in there and we're only talking about £300 on it.

I'm considering doing the same with Easy Jet. I was going to do Cineworld long term too but I think Netflix has fucked them harder than Covid has so decided against it.

[Jimmy Floyd]

I was talking to someone the other day about what the appeal is of visiting the cinema nowadays - it's basically down to big sound and fondling your date in the back row. Hard times ahead for them you would have thought unless the industry decides to be far less cynical and vastly improve (and price up) the customer experience, which it won't.

[Mellberg]

Long Dax 13101. S/L 13033. First target 13250.

[Mellberg]

I was talking to someone the other day about what the appeal is of visiting the cinema nowadays - it's basically down to big sound and fondling your date in the back row. Hard times ahead for them you would have thought unless the industry decides to be far less cynical and vastly improve (and price up) the customer experience, which it won't.

Be interesting to see what effects this has on people's behaviour. Can't see people spending as much money across the board after an initial burst.

[Mellberg]

Long Dax 13101. S/L 13033. First target 13250.

Took half @ 13181. S/L moved to entry. 250 only other target. Going for a shit.

[Mellberg]

Closed teh gamblingz @ 245

[Foe]

Definitely keeping an eye for a buying opportunity over the next few days/week.

Think this dip gives me a chance to dive in.

[Kikó]

I was talking to someone the other day about what the appeal is of visiting the cinema nowadays - it's basically down to big sound and fondling your date in the back row. Hard times ahead for them you would have thought unless the industry decides to be far less cynical and vastly improve (and price up) the customer experience, which it won't.

You'll get your yuppie type places like this place (https://www.everymancinema.com/screen-on-the-green/theatre-info/food-drink)near me offering your cinema experiences rather than your multiplex pleb shows.

[Mellberg]

Definitely keeping an eye for a buying opportunity over the next few days/week.

Think this dip gives me a chance to dive in.

Yeah, the time is now. Lockdown extension changes nothing in the grand scheme of things. This is still bullish. Yanks are buying already.

[Jimmy Floyd]

Oh I've got an Everyman in my town, you sit there with a pot of hummus while contemplating the sense of irony conceived by the great screen auteurs of the day, and all for the modest price of fifty thousand pounds per adult. No one goes.

[Kikó]

I go because I'm smug.

[Mellberg]

Also, if people want the trade with limited downside and hypothetically unlimited upside, especially on volatile days like today, you should look at options trading. Only available for indices, commodities and forex, but that's where you should be trading in the main anyway.

[Offshore Toon]

Been on IPOC for a couple of weeks now and it's starting to pull away this week.

Merger is set to go through on 6th January and things should get lit just before then.

[Spikey M]

I've just been looking at VGOV and April 2018 must have made and fucked a lot of people. Mental.

[Spikey M]

I got within spitting distance of the price I bought RR for today so I sold for a few quid loss. It was a simple waiting game before, but with them fucking off over seas and expecting a 5 year recovery period I can't be arsed with it.

Expect them to announce the discovery of a 100% fuel free engine in the morning.

[Spikey M]

Mellers, 212 let's you make pies, so I've set up (but not funded) one with the likes of RR, IAG SE, Aston Martin etc in it. All the shit I could think of, basically. Is there any Others I should have in there?

The plan is to wait until there's some improvement with Covid, then chuck the lot at it and probably end up losing my wife and children.

[Boydy]

What the fuck is a pie?

[Spikey M]

Basically a pie chart that you set the ratio's for. So 20% of X company, 30% of Y, 50% of Z. Then you fund the Pie whenever you want and it splits your investment between the companies at the ratio you selected. It's a maximum of 40 companies, which would obviously be a pain in the arse to fund individualy.

[Mellberg]

Variety is the spice of life and provided there's no black swan event (dotcom, 2018, covid) you should be okay. If you're looking to hold long term then go for different sectors. It's not really my forte and I don't go looking for such things, but I'd be checking oversold monthly/weekly/daily indicators and sticking them in if they have any kind of supposed strength fundamentally. Would stick a few tourism related shares in there and prop that up with other consistently stronger sectors such as tech. Then hypothetically you have your slow builders as well as something which may rip up over the next 12 months.

[Spikey M]

Swish, cheers. Will do. I've added Tui and will keep looking around. I don't forsee putting any money in for another couple of months yet, I'm hoping to buy in Spring and sell at the end of the Summer but that will obviously depend on Covid and the speed of recovery of each company.

I'm going to be shitting myself for 6 months. :drool:

[Jimmy Floyd]

Deal incoming, watch the pound.

[Spikey M]

Insider knowledge :drool:

[Lewis]

Trading apps selling 'pies' sounds like end of days stuff.

[Spikey M]

Why? It's just to simplify / automate things so you don't have to sit there placing a load of orders.

[Don]

He ain't wrong. If any one needs that level of simplification they ain't got the required aptitude t̶o̶ ̶b̶r̶e̶a̶t̶h̶e̶.

[Lewis]

Exactly. Once niche/specialist things start being pushed in an easy access lark for plebs to get in on then the downturn is inevitable. The 'Highest Stage of Capitalism' should really be when the Telegraph tells you to invest in something.

[Spikey M]

You can still keep an eye on it just the same :cab:

It just takes the pain out of buying 40 different shares.

You obviously wouldn't do it if you were playing at Mellins game but it's fine for low risk dividend stuff.

[Spikey M]

ALPP has skyrocketed this week. I bought this afternoon thinking I had missed the bus and still made 22%. They've just announced they're upgrading to the NASDAQ on Monday. Get involved early doors. Easy money.

[Spikey M]

ALPP has skyrocketed this week. I bought this afternoon thinking I had missed the bus and still made 22%. They've just announced they're upgrading to the NASDAQ on Monday. Get involved early doors. Easy money.

:drool:

[Mellberg]

Nice one Spikey :thbup:

[Spikey M]

Next one, COUV. Bought in at $0.19 per share $0.31 at closing.

Also ARB went nuts in both the US and Germany today off the back of Bitcoins progress, buying early when London opens tomorrow.

[Spikey M]

Nice one Spikey :thbup:

Cheers. I've nearly doubled my money over the last 2 (working) days. I've felt sick most of the day watching it go up and down :D. It's nuts. ALPP has legs as well. Proper company.

[Mellberg]

Fair play. Great numbers.

You managing your risk yet though?

[Spikey M]

I am, but it bit me on the arse today. ALPP took a big dip at around 7pm and triggered my stop loss. I had lost about 10% of my profit by the time I bought back in. :moop:

Has to be done though. I'd have been inconsolable if I hadn't set one and it had kept going down.

I've taken my initial stake and a bit of profit out now to go on the boring stocks. I'll let the remainder ride (with stop losses).

[Dquincy]

Spikes - which app/platform are you using?

[Spikey M]

Trading 212, but there's alot of stock not on there that I would otherwise buy and they're introducing fees for deposits in January so I will soon be jumping ship. Not too sure where to yet.

[Mellberg]

I am, but it bit me on the arse today. ALPP took a big dip at around 7pm and triggered my stop loss. I had lost about 10% of my profit by the time I bought back in. :moop:

Has to be done though. I'd have been inconsolable if I hadn't set one and it had kept going down.

I've taken my initial stake and a bit of profit out now to go on the boring stocks. I'll let the remainder ride (with stop losses).

Yeah, I get clipped all the time. It happens. So long as you're making profit it's fine. What it protects you from is that disaster which completely wipes you out, which would come eventually.

[Spikey M]

Seriously get on and hold COUV.

https://microcapdaily.com/carbon-ion-of-c-ion-medicevo-the-run-on-corporate-universe-otcmkts-couv/129667/

[Offshore Toon]

I'll jump on. Saw a thread on Reddit last night with people creaming themselves over it so let's get the train started.

[Spikey M]

It's taken a huge dip today and has settled back onto it's normal trajectory now. I sold (after a 15% loss :moop:) and rebought as still think this has legs longterm.

[Offshore Toon]

I got in at the bottom so I'm already happy with the 20% return.

[Kikó]

Gone £11 on AXGT because I had spare cash.

[niko_cee]

Great car for eleven quid.

[Giggles]

What is xrp and how fucked is it?

[Spikey M]

What is xrp and how fucked is it?

It's a Crypto Currency and a scam.

https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/?sh=41f848d579a4

How fucked it is is hard to say. Delisted or suspended on many platforms pending the outcome of their court hearing, but I don't have enough knowledge on the subject (or interest in it) to dig any deeper.

[Giggles]

It’s all mystery to me but I know a lad that’s in it for about €150,000 and has convinced family and colleagues to cash pensions and shares and go balls deep on it too.

[Spikey M]

To say that's high risk would be an understatement but if the Court Case does go their way then it probably will skyrocket. I'd stick a tenner on it or something, but it really is putting it all on black stuff.

[Foe]

It’s all mystery to me but I know a lad that’s in it for about €150,000 and has convinced family and colleagues to cash pensions and shares and go balls deep on it too.

This is the kind of boom or bust attitude with crypto that will either result in significant wealth (if you’re right) or financial ruin and life ending misery.

I got interested a few years ago when I got some unexpected money and lobbed it in as a “it really doesn’t matter if this goes to nothing, it’s a massive punt”.

I’m definitely down and don’t give a shit about it. But if you pick a loser (ripple was pretty well thought of when I left) it can go wrong very quickly.

I don’t think Bitcoin is the solution. It’s not scaled enough for mass use of anything other than a commodity. I opted to leave most in ethereum or litecoin... in hindsight I should’ve dumped into Bitcoin as the “safe haven”.

Had some other shite stuff which has dwindled as you’d expect.

[Mellberg]

Ripple's (XRP essentially) been decent recently due to volatility. Looks like it's flatlining now to me. Hasn't surged up with all the other cryptos in the last month. Back to lows. Avoid from here imo.

[Foe]

I still haven’t bought anything yet. I can’t work out why American and Brittish markets have rebounded like they have.

Unemployment is massively up. The high street is on its arse and it appears like investors seem to think there will be a dial or vaccine available, everything back to profitable.

Only justification I can make is that actually the money in the ftse and Dow are from the upper echelons of society who are relatively sheltered.

Definitely going to have to just pick a company i have faith in and roll with it.

[Spikey M]

It's probably people like me that used to spunk their money on having a life but now have to find something else to do with it.

[Mellberg]

Foe, I was thinking that back in April. It's not coming back down. Not like it did, anyway. The vaccine is being distributed. Covid is in the past as far as the market is concerned. Unless something goes tits up with the vaccine/distribution then we're away. UK less certain due to Brexit, but most of the other big indices have recovered their losses and in a lot of cases pushed on further. IBEX may be a good one when Spain opens back up. Very tourism centric and has barely recovered yet due to this.

And you're right, Spikey. US stimulus dragged the markets up from the bottom in the spring, so both the Fed and everyone with a stimulus cheque drove prices back up. Once you have that momentum it needs very bad news to turn it back south and I don't see where that's coming from. Internationally anyway. Brexit complicates things for us.

[Don]

It's probably people like me that used to spunk their money on having a life but now have to find something else to do with it.

This has to be a big factor. Spikey and his slightly more wealthy lizard mates pummelling money into the markets because the hookers are less accessible and the income streams are at risk.

On BTC, it's at around £22k. Say I had £100 to risk, how would it look in terms of P+L forecasts if I wanted to speculate that it will collapse and half in value in the next 6 months whilst being able to absorb a rise up to about £28k? Essentially, if I want to make that bet, what odds am I getting?

[Spikey M]

If I were to bet, and it would be a bet, I have Bitcoin as safe until the end of the Pandemic. It's probably growing for the same reason the Stockmarket is.

[Mellberg]

BTC? Bitcoin? 22k? Hit 33k this afternoon. Back down to 31k now. I think that will come down too, at least back into the 20s, but £100 won't get you a lot. Price is too high. You won't be able to place with most brokers.

[Lewis]

https://i.imgur.com/pD54GDW.png

'I've had my phone nicked and I just need thirty grand for a Bitcoin so anything...'

[Don]

BTC? Bitcoin? 22k? Hit 33k this afternoon. Back down to 31k now. I think that will come down too, at least back into the 20s, but £100 won't get you a lot. Price is too high. You won't be able to place with most brokers.

Note the currency. And I'm asking for odds not P&L, rest assured I got money pouring out of every orifice now that I'm a bike up.


https://i.imgur.com/pD54GDW.png

'I've had my phone nicked and I just need thirty grand for a Bitcoin so anything...'

Rubbish.

[Mellberg]

You'd pretty much bang on double your money shorting from here (32k ish) to 16k. Pound? Gay.

[Lofty]

Nocoiners of fair repute (https://amycastor.com/2021/01/02/2021-the-year-of-comedy-gold-and-other-bitcoin-skeptic-predictions/) have suggested this is the year the music stops but then it was also predicted in 2017 so here we are. There are a few court cases on the go that should have an effect on the market.

The problem that makes it hard to gauge with crypto, especially Bitcoin, is that it seems to be the gold rush for people who want investment gains now without doing Mellin level research. The difference is, as I try to tell my mate who is putting his business savings into it, is unlike investing in the stock market where there is a level of informed decision, or gold which has intrinsic value beyond being an investment vehicle, Bitcoin is purely worth money because enough people think it is, rather than have any other use or value.

Big brained true believers claim Bitcoin is going to the moon and will replace all currency, so get in on the ground floor now losers! That helps push the price up more of course. There is a slight problem with Bitcoin only being able to handle 7 transactions per second globally though (Visa does roughly 1700). Satoshi himself, the inventor, said Bitcoin was only ever proof of concept.

TLDR you can make money gambling on crypto, just recognise it is a gamble and ensure you aren't left holding the bag when one of the whales pumping the price cashes out.

[Spikey M]

Eventually they will either be regulated out of existence or regulated in to the mainstream. Probably a bit of both.

[Boydy]

1346038379960537089

Lol

[Spikey M]

:drool:

So many "to the moon" chanting dickheads must be in tears right now.

[niko_cee]

Aaaand it's back again.

[Offshore Toon]

The dips are going to get munched up like nothing else right now.

[Spikey M]

You still in on COUV offy?

[Offshore Toon]

Nah, shifted it into IPOC, but may repurchase tomorrow/Wednesday alongside a few SPACs.

[Mellberg]

Just bought IAG. Long term position. Will scale in as it rises.

[Offshore Toon]

Why now, just out of interest?

[Mellberg]

Technically - Monthly MACD looking to cross with stochastic driving up. Daily 50MA picking it up off the 100MA to potentially drive through the 200MA. Also a bull flag having sustained levels after recent drive.

Fundamentally - This will be the last lockdown. Market won't wait for planes to be full. If it is recovering, will already be well on the way by then. No real red flags with IAG specifically. They all crashed.

Bought at 152.7. S/L - 117. Target - The Moon (400 is feasible given time)

[Spikey M]

BP is up 10% for me today. Expecting tingz from NIO this week too.

[Kikó]

Gone £11 on AXGT because I had spare cash.

Up 12.91% so far.

[Mellberg]

Boys :cool:

[Offshore Toon]

Nice COUV dip so I'll probably get back in tomorrow. Been watching Sundial Growers for a while and that's been making moves this week so waiting for a dip there too. Bring on the year of weed. :drool:

[Spikey M]

I've fucked Couv off for now. Their ZapGo acquisition is mid-month so I'll get back in next week. Hopefully it dips some more.

I went for a ride on ENG today and sold for $5.02 per share. Had some change on CLWD too which shot up 200% today. I sold at 140% but I only put a fiver on it as I couldn't see any reason for its movement and thought it was going to dump.

Still. What a day. :drool:

[Offshore Toon]

Anybody going to short the likes of Facebook and Twitter today?

I bought ZOM on Friday opening after reading about a product release called truforma coming in March (that detects ailments in pets) and it's already up 100% in pre-market. Hopefully it'll be the next BNGO. There's probably plenty of opportunities to take profits and buy dips in the run up to March.

[Mellberg]

Placed a short on crude last night, but not planning anything else today.

Bit fucked off. Went to short Bitcoin over the weekend at 40k+. Couldn't trade as IG has changed its terms on crypto. Down 5k so far. Don't trade when I'm pissed off as a rule so will save it for tomorrow.

[Mellberg]

Good call on Twitter. You go for it? Chilled myself out and just made some decent dough on Dax and gold recoveries. Not Bitcoin short dough, the cunts, but decent.

[Offshore Toon]

Nah, looking at the graphs now I would have got in at a shit time anyway since I would have had to sell some shares to free up funds. I'd have lost money at this point.

I was distracted by ZOM anyway. Got out at .95 (130% return) to secure profits and invest in SNDL as I think the weed bets are pretty safe, then bought back in at 0.84. It looks like it's got legs to keep running.

[Mellberg]

Yeah, I don't think you can go wrong with weed now the Democrat inauguration is on the horizon. Not my bag (wahey!), but good luck to you :thbup:

[Spikey M]

https://www.bloomberg.com/news/articles/2021-01-11/lucid-motors-said-to-be-in-talks-to-list-via-michael-klein-spac

[Kikó]

1348904547578740736?s=19

Yikes.

[Spikey M]

I have no idea how the people sitting pretty up there hold onto their lunch. Obviously alot of it is recent buys (that have lost alot of money over the last week lol) but some of them have been holding for years. The market never closes. How do they sleep at night? I'd be a bag of nerves.

[Jimmy Floyd]

The difference is that this time it will carry on going up forever, ending boom and bust.

[Mellberg]

I'm big on gold today. Crypto, index strength, dollar strength and US bonds all dragging it down last week and start of this week. All of the above has reversed to some extent. Fear in the markets. Technically looks good too. Let's go.

[Mellberg]

Has literally just popped as I typed that. Fucking full orgasm. Adding more size.

[Mellberg]

Key area for gold here. If it breaks below 60 take profits. Above 66 hold. I'm in from 48.

Crypto's recovery today as close to inevitable as you can get after a drop like that yesterday. Be interesting to see where it is end of the week. Still think it's too volatile to really take off, but haven't looked at it since the weekend (due to rage).

[Offshore Toon]

Trading212 is awful for CFD. 0 positions left to go long on gold. Had the same yesterday for FUBO.

I've got my IG account set up so might start depositing in there from now on and slowly move over.

[Spikey M]

212 has been shit recently in general. I swing traded PTE on Friday as they were presenting at a convention Monday morning. It was 13% up Monday morning, took 212 10 minutes to fulfil my sell order and I ended up 8% up. There was plenty of liquidity and it wasn't a huge position. Piss take.

[Offshore Toon]

Yeah, definitely not perfect although I've been fine mostly on the investing side. The thing that grates me most is the yanks being able to trade at all hours. Is there any platform that allows for that in the UK?

[Spikey M]

You can get access to the premarket, but you have to have the right bank account and there's weird fee's attached to it.

[Mellberg]

IG spread betting lads. Same game basically. I've never had to wait for a fill and you can trade pre and post market on everything bar shares (although you can trade some big US firms out of hours).

[Spikey M]

What are the fees like on IG?

[Mellberg]

I wouldn't buy gold now btw. Reaction to resistance not exactly filled me with confidence. If it drops below 60 I'm cashing in. May still go but not a good time for entry imo.

1850 would be a good price for a reload (23.6% Fibonacci). Hypothetically if it's weak off there just get out and let it die to 1800.

[Spikey M]

I don't fuck with commodities. I don't understand it enough. I will start buying gold once the Economy has starts recovering though. Easy money for the next crisis.

[Mellberg]

Long term I'm not too sure. The weekly chart is weighing pretty heavily. I'm not really interested in that though. Get enough movement in between the lines and you could have five or six 100 pip swings in between. Think another visit to 1800 is on the cards before any serious push toward 2000, if it comes.

Bitcoin pretty much bag on 50% recovery from the drop now @ 35740. I wouldn't touch it there, but someone puts a gun to your head. Buy or sell?

[Offshore Toon]

Buy. Bitcoin still has plenty more to come and looks like it could hit 100k this year. I'd definitely pick Ethereum over it, though.

[Lofty]

I have no idea how the people sitting pretty up there hold onto their lunch. Obviously alot of it is recent buys (that have lost alot of money over the last week lol) but some of them have been holding for years. The market never closes. How do they sleep at night? I'd be a bag of nerves.

The only 'intrinsic' value BTC has is there are some diehards who truly believe the world will kneel before it as the one true currency and they will arise as the ruling order billionaires to enslave us, and so will never sell.

[Lewis]

1348996141069819904

Poor bastard.

[Spikey M]

Fuck sake. Imagine.

[niko_cee]

Why would you go to such lengths to encrypt something and then write the password down on a bit of paper?

[Spikey M]

Surely you could approach someone with a super computer and promise them $10 million or something to break the algorithm?

[Spikey M]

I do(n't) want to show off Jimmy Floyd Mellberg but I have just learnt what both a Penant and flag are.

[Luca]

Surely you could approach someone with a super computer and promise them $10 million or something to break the algorithm?

One of the selling points of the Bitcoin blockchain is that, unless you control a supercomputer that could effectively make up 50% + 1 of the computing power on the network, this is impossible to do. Unless you mean breaking the IronKey encryption (AES-256), which would be similarly impossible on a reasonable time scale, even on the fastest supercomputer in the world.

Anyways, all of this talk of people not being able to act as their own bank because they don't invest enough time and energy in protecting their assets runs counter to the core vision of bitcoin, doesn't it? My old pal Matt Levine likes to say that Bitcoin is about rediscovering financial history (https://www.bloomberg.com/opinion/articles/2021-01-12/don-t-forget-your-bitcoins) and its dominant market structures.

[Mellberg]

Filth. Penants and triangles with an oscillator as back up = win

Do you use pivots and support/resistance?

[Spikey M]

I find Volume and RSI most useful but then I like swing trading penny stocks. I went on a run with CHUC over Monday and Tuesday. Bought at $0.00481 sold at 0.017.

It's easy money. There's loads of Penny Stock groups on Facebook, follow them and they're all hyping this stuff thinking they've found the next Tesla. You just ride it up and get out before it inevitably dumps. It's as simple as watching the volume.

[Jimmy Floyd]

I find Volume and RSI most useful but then I like swing trading penny stocks.

You're one of them now, son. One of them.

[Spikey M]

It's surprisingly simple once you get the lingo. I feel like the jargon is only there to make it seem pointless trying for ordinary people.

Long and short are the prime examples of that. Just say buy and sell for fuck sake.

[Baz]

Why would you go to such lengths to encrypt something and then write the password down on a bit of paper?Well at the time he didn’t know it would end up worth anything, let alone $220m.

Jesus.

[Spikey M]

:scouser:

[niko_cee]

Well at the time he didn’t know it would end up worth anything, let alone $220m.

Jesus.

What I meant is isn't it a bit counter-intuitive to take steps towards password protecting something in a highly secure way only to then completely undermine that by writing the password down in a list of passwords for the hunters to find when you're on the run?

I'm sure I had a TC wallet once upon a time, although I don't think there was much in it. Who knows though. It's probably worth ten grand today.

[Offshore Toon]

I find Volume and RSI most useful but then I like swing trading penny stocks. I went on a run with CHUC over Monday and Tuesday. Bought at $0.00481 sold at 0.017.

It's easy money. There's loads of Penny Stock groups on Facebook, follow them and they're all hyping this stuff thinking they've found the next Tesla. You just ride it up and get out before it inevitably dumps. It's as simple as watching the volume.
This is what I've been doing recently too but with Reddit. I think TLSS will have a good swing before Friday.

Which Facebook groups are you in?

[Spikey M]

Just every penny stock one I can find. It's a bit sad, post after post from people holding red stocks with everyone telling them to hold on. They truly believe they're onto something when they could have sold a week earlier for a decent profit. But if you try to encourage selling you get accused of panic selling and they all lol at you as their £100 quickly becomes £20.

[Offshore Toon]

Yeah, you can definitely ride the wave more times than not and skim off a lot of profit. People end up trading with far too much emotion.

[Spikey M]

I got sucked in with ALPP and ended up losing some money, but I only needed teaching once. Even if ALPP does go on to do good things (which I think it will) a 1000% growth in 1 week is going to correct the shit out of its self. Sell. Buy again when it's done. But most of it is just hyped up shite.

[Mellberg]

Made a little video of a good strategy I use because I'm fucking lovely.

https://www.dropbox.com/s/ejga1f1y3wt45fb/PXL_20210113_103729428.LS.mp4?dl=0

[Spikey M]

Will give it a watch tonight. Cheers.

[Mellberg]

No probs. Obviously not one for penny stocks. Only markets with tight spreads and liquidity (Dax morning session, Nasdaq afternoon/evening, gold any time).

Open to doing more if people find it useful.

[Lofty]

I would theorise if mr frisbee on the roof manages to retrieve his $220m frisbee and cashes it out (because why wouldn't you) not only would it end up being worth less than $220m by the time he finished selling but the market would crater.

[Spikey M]

Google says there are 18 million Bitcoins in existence at the moment. They're currently $25,000 each.

$450,000,000,000 :|