Stocks & Shares & that

[Lewis]

This (https://www.wsj.com/articles/this-hedge-fund-made-700-million-on-gamestop-11612390687) hedge fund made seven-hundred million on it, and, as further proof to the timeless wisdom that once something gets into the mainstream it's over, they pulled the plug when Elon Musk tweeted about it.

[7om]

Are the guys still holding on on WallStreetBets deluded then? Some of them seem to genuinely believe it’s going to rise again.

That deepfuckingvalue geezer is still sitting on 33mil. How has he not sold up and walked off into the sunset yet?

[Spikey M]

It will rise again. "Even a dead cat bounces".

[7om]

It will rise again. "Even a dead cat bounces".

Sorry for the noob questions; but how? If these guys start bailing out en masse, why won’t it keep going down?

[Spikey M]

Things very rarely go straight up or down. They trend in one direction of the other. There are peaks and troughs the whole way down. At some point, the price will meet resistance, at which point people still interested in the stock will buy (probably day traders, but there will be numpties too). That's the bounce. If you look at todays chart, resistance was met at 4:30 & 4:45 (double bottom) before a climb from $64 back to $69. It's now back at support again.

[Lofty]

Are the guys still holding on on WallStreetBets deluded then? Some of them seem to genuinely believe it’s going to rise again.

That deepfuckingvalue geezer is still sitting on 33mil. How has he not sold up and walked off into the sunset yet?

It wouldn't surprise me if he has and is just posting doctored screenshots on the daily so he doesn't get murdered by redditors.

[7om]

It wouldn't surprise me if he has and is just posting doctored screenshots on the daily so he doesn't get murdered by redditors.

It’s got to be this, hasn’t it? Why would he keep losing millions per day just so he can post screenshots and get Reddit karma?

Can’t wait for some documentaries and conspiracy theories to start doing the rounds.

[Bernanke]

I bought two GME, sold one for twice what I bought it for to get out of it, and am gonna keep the second one as a trophy in my account. :cool: When they pivot their business model and get bought out by Apple I'll be a millionaire. :drool:

[Mellberg]

I've bought game down here and I'm gonna hold it for a while. Only a small stake, but if it starts to rocket I'll add size and change my life. If not you take a the hit.

Buy the fear. Sell the greed. VW short squeeze is worth looking at.

[Dark Soldier]

Doubled my stake on Cardano :drool:

Its fucking flying.

[Spikey M]

Get in the WhatsApp group lad.

[Dark Soldier]

I oinly bother with crypto but which handsome cunt do I have to send nudes my number to?

[Spikey M]

Mellin. But you're welcome to send it to me and I will ask him to add you in there.

[Don]

I thought this morning just how gagging I will be to spend once the clubs are open and this pops up just now:

https://www.theguardian.com/business/2021/feb/07/britons-set-for-a-post-covid-spending-binge-says-bank-chief

£125bn waiting to be splurged on jagers and whorehouses. Admittedly, I need to have a more focussed approach than investing in Romania's GDP but I think this might be my next bet for the next 6-9 months culminating in Xmas. There is a significant risk of vaccine failure utterly destroying it so I won't be going all in but it's tasty. Experience sector over retail sector as online shopping may reduce the latter's recovery.

[Lewis]

The people who will have saved the most are also the sort of fannies who would happily hide away from it for the rest of their lives, so just hold your Amazon and Deliveroo shares.

[Mellberg]

Airlines soon. Before anyone gets on a plane.

[Spikey M]

I bought Cineworld, Hollywood Bowl and Restaurant Group stock last week. They're all green. 10% in 2 days in Restaurant Groups case.

[Don]

Every live music event for the first 6 months will have a ticket mark-up of 100%+ on viagogo so maybe I should get into touting.

[Don]

Tesla's pumped 1.5bn into BTC and made the price surge.

[Don]

I've been tipped ENZC as a long term hold as.it's apparently undervalued (currently $0.83). If I can get round to starting up an account I'll pour some in.

[Dark Soldier]

Doubled my stake on Cardano :drool:

Its fucking flying.

Gone up another 55% since then. Shit is so cash.

[Mellberg]

Nice positional play on gold available. Ideally want to be trading it at 11pm when futures opens.

Buy gold @ 1783
S/L 1759
Scale in as/if it rises.

1st target - 1799
2nd target - 1839
3rd target - 1879

Pretty much guarantee the 1st target. Second is more likely than not. If it hits and then breaks 1879 it's fucking off to 2000 and not coming back for a while.

[Mellberg]

US stimulus is the catalyst btw.

[Mellberg]

If anyone took it, move S/L to entry and put your feet up. If it goes, great. If it comes back, you've lost nothing :thbup:

[Don]

GME has bounced again. Why?

Imma back to seeing if I can bet on the crash. Any advice on the easiest method of doing so assuming I envisage a return to $40 if not $20 within the month much appreciated.

[Spikey M]

Have you actually signed up anywhere yet?

[Kikó]

:harold:

[Don]

Have you actually signed up anywhere yet?

Don't be silly. One of IG and T212 said they'd email me when they're open again and yet to hear. eToro seems open but fuck knows if that offers what I need.

[Spikey M]

Send me your money over and I'll do it for you.

[Offshore Toon]

Don't be silly. One of IG and T212 said they'd email me when they're open again and yet to hear. eToro seems open but fuck knows if that offers what I need.
Try Degiro.

[niko_cee]

IAG's been going alright of late Mellers. :lewis:

[Mellberg]

Cheers. Looking good. Provided there's no significant long term damage to the business I don't see how it returns to pandemic levels. Lots of room for further upside, although it's probably due a pullback in the short term. Starting to think all the money coming out of other markets (tech) is rotating into airlines and the like.

[Lewis]

https://www.bbc.co.uk/news/business-56401707

lmao

[Lewis]

1369555795537432576

Surely it was obvious that this was either 1) basically a betting company; or 2) a ponzi scheme? Where did people think it was making its money?

[Jimmy Floyd]

I put about fifty quid into that years ago to have a play around. Thought it was rubbish, never went back and forgot about the fifty quid. Came back I think about four years later to have another look, found I had an existing account, and the fifty quid I had put into Raheem Sterling or whatever was now worth £600. Withdrew the lot and lolled all the way to the bank, it paid for both the golf weekends I did that year.

So if you scale that up to people putting tens of thousands in, and then losing it, fucking hell.

[Don]

Imagine pouring thousands into such a blatantly poorly executed idea.

[Jimmy Floyd]

Where did people think it was making its money?

I don't know but as with all these things, you can find a nice set of delusional twitter accounts that are adamant there is/was an intrinsic value.

[niko_cee]

What with this going down the toilet and good old Mr Woodford looking to restart his funds over there it's not been a good few weeks for the Jersey financial regulators from a PR perspective.

[Spikey M]

Me and THE GROUP were lolling at that earlier.

Along with this:

https://www.bbc.co.uk/news/technology-56402378

[Kikó]

Imagine pouring thousands into such a blatantly poorly executed idea.

"The concept is still brilliant. It was fun. If there was a change of management I'd be willing to give them a second chance - but I'll definitely reduce my (financial) stake," he said.

[Don]

If the concept was actually done properly and you were able to buy shares in players, I'd have bought out John Henry by now and hired Joorabchian to wash my cars. Even my longing Taraabt could yield a profit.

[Baz]

Despite knowing absolutely nothing about them, I now own a NFT (https://tekashi.digital/collections/all):

https://cdn.shopify.com/s/files/1/0559/5686/5194/products/DummyBoyGoldGIF_470x.gif?v=1617878659

[Boydy]

Did you pay 380 dollars for that?

[Baz]

Yessir.

[Kikó]

Lol what

[Spikey M]

Speechless

[Lewis]

Mental when you consider he could have put it into Football Index.

[Spikey M]

This is possibly a worse investment. He's bought a Gif for $380

[Dark Soldier]

Baz, mate, that's some paedo shit if ever I've seen it.

Fucking LCD on the side of the van showing it, teletubbies music full pelt down the cul-de-sac.

"Wanna see ma cone, kiddos?"

[Kikó]

So what are you planning to do with that Baz?

[Baz]

So what are you planning to do with that Baz?

Keeping it in my MetaMask wallet and telling everyone about it whenever the letters N, F or T are mentioned.

It’s one of my favourite albums, and I got caught up in the NFT hype alright. Be glad I didn’t buy a full set.

Also it’s sold out now and only went on sale an hour ago so yea boi. Others are available but I don’t rate the records they’re the covers for so no thanks

[Spikey M]

Yeah, don't want to throw your money away on rubbish.

[Sir Andy Mahowry]

Sound investment, Baz.

SOUND.

[Shindig]

Hang that gif right on the wall. One step up from the picture of the wife and kid.

[Browning]

You say it's "sold out" like there was more than one.... so what the fuck have you actually bought?

[Raoul Duke]

You say it's "sold out" like there was more than one.... so what the fuck have you actually bought?

Fancy that. I got one too!

https://cdn.shopify.com/s/files/1/0559/5686/5194/products/DummyBoyGoldGIF_470x.gif?v=1617878659

[Browning]

This will all be worth it if we get a video of this:

2 random Gold NFT buyers will be selected to go on Instagram Live with @6ix9ine and receive a merchandise package

[Don]

:D

Consumerism is senseless at the best of times but this is something. On the plus side, the environmental impact of this compared to the other material shit $380 would have got him means we should be praising him. This could be the future.

https://www.newstatesman.com/sites/default/files/styles/cropped_article_image/public/blogs_2016/10/black_mirror.jpg?itok=L1YwH4Aj

[Shindig]

There's no scenario where that isn't a drug and/or child pornography deal.

[Spikey M]

:D

Consumerism is senseless at the best of times but this is something. On the plus side, the environmental impact of this compared to the other material shit $380 would have got him means we should be praising him. This could be the future.

https://www.newstatesman.com/sites/default/files/styles/cropped_article_image/public/blogs_2016/10/black_mirror.jpg?itok=L1YwH4Aj

Crypto is one of the least environmentally friendly things going. Bitcoin mining is about as dirty as real mining.

[Lofty]

This will all be worth it if we get a video of this:

2 random Gold NFT buyers will be selected to go on Instagram Live with @6ix9ine and receive a merchandise package

Isn't he in witness protection?

[Baz]

You say it's "sold out" like there was more than one.... so what the fuck have you actually bought?This explains what was for sale: https://bondlyfinance.medium.com/the-entire-stack-of-6ix9ine-nft-utilities-4c1467445079

The auction pieces had a reserve of 10 ETH, which is over £15k, so they were never an option.

So there were 3 gold framed animations and 3 silver framed animations. Two with the DUMMY BOY art, two with the TROLLZ art and two with the TATTLETALES art. The gold ones were (are, cos some still available rn) $380 - although that page I linked to lied and said they'd be $315 - and the silver ones were $130, although the link says $105.

So there was 1 just of each of the auction ones.
There were 125 each of the gold framed ones.
And there were 1000 each of the silver framed ones.

Honestly, a 1 in 125 piece for $380 when NFTs are in their infancy and could go astronomically in either direction, value-wise, I figured it's a worthwhile risk.

If I'd bought $380 worth of BTC on this day in 2012, today it would be worth $1,805,382.09 (https://dqydj.com/bitcoin-return-calculator/).


Isn't he in witness protection?No, he's not.

[Kikó]

You've bought absolute shit.

[Sir Andy Mahowry]

Keeks seething that he didn't get on :drool:

[Lofty]

Ah just read he testified against the gang anyway, and was let out of prison early due to covid. He is definitely going to die soon, if they were willing to ice Biggie and Tupac then there will be a queue for the Rainbow Nonce by now.

[Don]

Crypto is one of the least environmentally friendly things going. Bitcoin mining is about as dirty as real mining.

This is true, I don't have the foggiest how this and crypto interact hence the possible naivety.

The more I hear of the sorts that go into crypto the more likely I suspect the crash. If it doesn't, rich lists of today will be made to look like a list of nobel prize winners in a decade or two.

[Shindig]

There's nothing about it that feels legit.

[Kikó]

I've bought into FFWD and upped 4D holdings. Revealed exclusively in the shares group. DYOR.

[Spikey M]

How did you end up buying FFWD Keeks? Did you end up just copping the fee?

[Kikó]

Yeah - it's in my ISA so by the time I sell it, I'll have forgotten the £11.50.

[Don]

https://www.theguardian.com/fashion/2021/apr/15/virtual-hoodie-sells-non-fungible-token-nft-overpriced

It's like landing on a different planet and seeing how their society functions.

[Sir Andy Mahowry]

Baz dropping big money.

[Raoul Duke]

I am ridiculously behind the times, but I bought some BTC and a couple of others yesterday. Better late than never, I guess.

[Spikey M]

Unless you're dropping big stacks of cash buying Bitcoin now is pointless.

[Jimmy Floyd]

While in Amsterdam as well. I hope they'll look good in a hanging basket.

[Raoul Duke]

I'm just using it to play around with, nothing too serious.

[-james-]

It's been "too late" for the best part of the last decade. Number go up.

[Spikey M]

It's been "too late" for the best part of the last decade. Number go up.

Yes, but you now need it to go from 70k to 140k if you wanted to double your money. There's Alt-Coins that move 100% in no time.

[-james-]

Yes, but you now need it to go from 70k to 140k if you wanted to double your money. There's Alt-Coins that move 100% in no time.

What other investment commodity do you appraise by its likelihood of doubling in value? Just lob a few % of your net worth into Bitcoin and Ethereum and shift your retirement age poll answer forwards five years.

Altcoins are free money at the moment if you have the time and inclination to keep on top of them but your free money probably has a greater likelihood of vanishing into smoke.

[Dark Soldier]

Altcoins are free money at the moment if you have the time and inclination to keep on top of them but your free money probably has a greater likelihood of vanishing into smoke.

You really don't need much time or inclination if you're smart about it. Literally a stop loss and leave it.

Join the group lad, I woulda made you rich by now.

[Mellberg]

What other investment commodity do you appraise by its likelihood of doubling in value?

Maybe still IAG given time. Pre-covid level is still over 100% increase away. 14 was the bad boy price though. Gold on leverage too perhaps. RR if it can break 13-15 range on the run up that's likely about to happen.

BTC top due soon imo. It's up over 1000% in a year and losing momentum. Look at TSLA for a barometer.

Edit: By top I mean for a year or so. No idea what it's gonna do in 2025 obvs.

[niko_cee]

My 7 years ago (or so) bitcoin spruiking friend (who has so much regret these days, think he spent 20 bitcoins on a gram of coke way back when) reckons half a mill is a not unreasonable (!) target price for the old imaginary currency. Too spicy for my tastes.

What's happened with Tesla anyway? I gave up tracking it after I bottled buying it at $300 (pre-split or whatever they did) and it just pissed me off too much during its meteoric rise.

[Mellberg]

I think he's had too much of that coke. Would have to do obscene things to get anywhere near that.

TSLA was just way, way overpriced and the sight of 100 killed the momentum, which once it gets to a certain stage won't reverse until certain averages drift back to the mean, or off the back of some catastrophic news.

[Spikey M]

Tesla still is overpriced. They make 500,000 sub standard cars per year ffs.

[Lewis]

I think Tesla might have a certain brand value at the lower end of the market (having the cheapo Tesla is probably more attractive than an equivalent something else), but otherwise, beyond the obvious speculation wank holding shares for a matter of weeks, it seems to be 'tech' HYPE based on driverless car true believer whoppers. The whole charging network stuff is massively over-blown as well.

[Spikey M]

Pretty much. It's all the Elon fan boys. It's basically the new Apple, except Apple actually sells to its fanboys, rather than convincing them to buy DogeCoin and watch rockets crash.

[Lewis]

I think the best recent example of this being a sort of mania was Peloton briefly being more valuable than Ford.

[-james-]

You really don't need much time or inclination if you're smart about it. Literally a stop loss and leave it.

Join the group lad, I woulda made you rich by now.

Beam me up bossman.

[Boydy]

1382485115817758720

Cryptocurrencies need to be destroyed.

[Kikó]

Creating fiat money is not energy neutral.

[Spikey M]

And, Bitcoin is an over-inflated beast with very little real world use.

There are many, many more energy efficient and useful CryptoCurrencies.

[Offshore Toon]

I don't think any of us would miss Bitcoin.

[Boydy]

And, Bitcoin is an over-inflated beast with very little real world use.

There are many, many more energy efficient and useful CryptoCurrencies.

Which are more useful and how are they more useful?

[Boydy]

Creating fiat money is not energy neutral.
I didn't claim it was.

[Spikey M]

Which are more useful and how are they more useful?

There are potentially hundreds. Everything else on Coinbase for starters.

Bitcoin is not fit for purpose. If we were to get rid of Visa and replace it with Bitcoin, we would have each transaction taking weeks and months to process.

Bitcoin is MySpace. It was first and deserves respect for it, but it should have died a long time ago. It's being held up purely as an investment vehicle now.

[Offshore Toon]

Which are more useful and how are they more useful?
https://reserve.org/

Lump.

[Kikó]

I didn't claim it was.

Okay - but the energy consumption of a BTC is never compared with an 'equivalent' such as mining gold or the Fiat monetary system.

[Spikey M]

Keeks, for the last time, we're not changing our monetary system to Pogs.

[Kikó]

What am I going to do with my slammers?

[Boydy]

Okay - but the energy consumption of a BTC is never compared with an 'equivalent' such as mining gold or the Fiat monetary system.

We should stop mining gold too.

[Boydy]

There are potentially hundreds. Everything else on Coinbase for starters.

Bitcoin is not fit for purpose. If we were to get rid of Visa and replace it with Bitcoin, we would have each transaction taking weeks and months to process.

Bitcoin is MySpace. It was first and deserves respect for it, but it should have died a long time ago. It's being held up purely as an investment vehicle now.

How are they more useful?

[Spikey M]

How are they more useful?

Because they're actually in use and working. Nobody actually uses Bitcoin.

For example, I'm currently using the Brave Browser which pays me BAT every month for every advert they show me. If I wanted to, I could spend that BAT on certain websites. I could even donate it to this one if SvN signed up for it.

There's loads of Alt-Currencies that do different things. This gives a little overview of some of the biggies:

https://commodity.com/cryptocurrency/

DS is probably the best person to ask though. He knows this shit inside out. I'm a noob.

[Don]

I'll give you 6 BAT to wank me off.

[-james-]

I'm on $HXRO.

[Spikey M]

James casually offering to wank Taz off there.

[Pepe]

For example, I'm currently using the Brave Browser which pays me BAT every month for every advert they show me. If I wanted to, I could spend that BAT on certain websites. I could even donate it to this one if SvN signed up for it.

I cannot imagine how something like that could ever be done without "crypto".

[Spikey M]

I cannot imagine how something like that could ever be done without "crypto".

And yet nobody has.

[niko_cee]

Is anyone else old enough to remember those advert bars you could download/run on your browser that would pay you by the hour (some insanely nominal amount) back in the dial-up days? Alleverything.com or some such, ah, I was going to have amassed a great fortune by now . . .

[SvN]

There was also NetZero that offered free internet in exchange for a constant banner advert on your browser.

[Boydy]

1387686595122409474

[Dark Soldier]

Mate the dudes called "queersamus".

Hippy cunt.

[Boydy]

He's right though

[Don]

The crypto lot take any criticism (environmentally focussed or not) of their sad little coins real bad so they've developed some solid lines to take in regard to them. Do these NFT mongrels even have a defence?

[Dark Soldier]

In some perspectives yes.

If the NFT is minted on a BTC or ETH blockchain, then it will use a lot of resources.

If however it is minted on a PoS blockchain, it will use fuck all and will be done in seconds.

Nobody is denying BTC is outdated old, soon to be useless shit. Its Ask Jeeves before Google. Its 1992 Internet. Its power hungry and a piece of shit only worth Its value due to being the first.

Newer, modern, PoS blockchains currencies and systems are the future and this is being proven by the continued growth of them within the crypto world and by institutions.

PoW is outdated shite tech and will be gone within a few years, prob bar BTC. PoS is the future and will cut energy consumption by up to 99%. Even ETH is moving to PoS.

By all means live in your echo chamber but do some research outside of it from time to time.

[Dark Soldier]

The crypto lot take any criticism (environmentally focussed or not) of their sad little coins real bad so they've developed some solid lines to take in regard to them. Do these NFT mongrels even have a defence?

Making $$$ off crypto mate, give a fuck if some trees die

[niko_cee]

I assume PoS has a meaning other than piece of shit (my general usage)?

[Lewis]

You could definitely see Western governments banning/taxing the fuck out of crypto transactions on spurious environmental grounds.

[Dark Soldier]

I assume PoS has a meaning other than piece of shit (my general usage)?

Proof of Stake. Using validators rather than insane mining set ups to create new nodes/coin.

Bitcoin is Proof of Work, as is ETH. This requires mining rigs to solve complex algorithms to create new nodes/coins.

[Boydy]

Making $$$ off crypto mate, give a fuck if some trees die
Give us some tips for the up and coming PoS coins then, big lad

[Dark Soldier]

Give us some tips for the up and coming PoS coins then, big lad

You've missed the main rush, ONE, CHR, LTO, VET etc. I'm currently in FTM but you missed the dip price.

I'm sure if you do some research you can find some projects.

[Lewis]

*sucks teeth*
'Well it's a bayonet bulb, you see. It's a two day job just getting that out. And then you've got your dimmer switch...'

[SincereTheRebel]

Im currently spending £18 a month on M&Ms. What should i be saving my money in?

[Kikó]

Doge.

[Mellberg]

Correction incoming. Don't buy stonks.

[Foe]

Hadn’t realised crypto had exploded again. Checked my accounts and despite debating selling everything I had for like 300-400 last I checked it’s now worth like £2kplus. Means I can actually withdraw the amount I put in back in 2017-2018. Accept my experiment into various alt coins was a monumental failure and move on with my life.

Actually managed to sell my 2 litecoin at a profit and the ethereum I owned was waaaay up. Had I just left it all in eth when I walked away rather than alt coins I’d have about ten times my stake. Annoying.
I transferred about $30 worth of eth onto a physical wallet in 2017. Now worth $500+.

[Lewis]

You could definitely see Western governments banning/taxing the fuck out of crypto transactions on spurious environmental grounds.

https://www.telegraph.co.uk/technology/2021/05/12/elon-musk-stops-tesla-taking-bitcoin-payments-due-fossil-fuel/

Alternatively, every company could just shun it as part of their [bullshit] 'sustainability' gimmicks.

[-james-]

Lol at an Elon Musk putting bitcoin in the bin.

[Don]

This is the dip to buy in. To the moon. Diamond hands.

:happycry:

[Yevrah]

Putting shorting to one side, what are the medium to long term investments people are on at the moment?

[Spikey M]

Nothing right now, the market is a mess with little logic to be found. But, if I were to back anything longterm right now it would be an commodity heavy ETF probably. Not the most exciting but low risk.

[Yevrah]

Have you got any investments on the go then?

[Yevrah]

And no value in IAG or Easyjet, for example?

[Spikey M]

There probably is, I know Mellin loves IAG at the moment, but that's short term. Longer term... dunno. Probably OK but airlines do enjoy going bust.

I'm currently all cash but that's mostly because I need it available for the house move and don't want to risk it.

[Yevrah]

Cheers Spikey.

Maybe I need to understand the accepted timescales of short, medium and long term. What would you say they are?

[Spikey M]

It's probably subjective, but to me Short term is a swing trade. It needs close monitoring. In at the bottom, out at the top. So short term could be anything from an hour to a month. Depends on the stock and what move you're expecting.

Medium term we're talking months and years.

Long term we're talking decades.

[Mellberg]

It's definitely subjective. For me short term is anything from 2 minutes to an hour. Medium an hour to a day. Long a day to a month absolute maximum. Depends on your strategy.

Gone cold on IAG for now. Bit of a bearish move today dropping through a lower trendline. Needs good news (travel green light) and then it's a buy. I got out a while back. Bought at 14 and out at 20 I think.

[Yevrah]

Are we looking at the same IAG Mells?

This is 192 a share: https://www.google.com/search?q=iag+share+price&rlz=1C1AWFB_enGB862GB862&oq=iag&aqs=chrome.1.69i57j0i131i433l2j0i433l2j0i131i433l3 j46i433j0i433.2832j0j7&sourceid=chrome&ie=UTF-8

And wouldn't it be better to buy it before the travel green light?

[Spikey M]

If you click on the 5D you can see the downwards trend.

You could buy now and probably make money when it turns around, but there's more money to be made if you wait for consolidation.

[Mellberg]

Are we looking at the same IAG Mells?

This is 192 a share: https://www.google.com/search?q=iag+share+price&rlz=1C1AWFB_enGB862GB862&oq=iag&aqs=chrome.1.69i57j0i131i433l2j0i433l2j0i131i433l3 j46i433j0i433.2832j0j7&sourceid=chrome&ie=UTF-8

And wouldn't it be better to buy it before the travel green light?

Yeah of course. I've been waiting to buy again, but can't get a read on it at the minute so won't trade it. Probably become clearer given time.

[Mellberg]

And yeah, my bad. 140 and 200.

[Yevrah]

Does anyone know anything about selling Irish stock in a post Brexit world?

I've got x shares that are currently worth about £12 each, but every institution I speak to is either telling me they can't sell them (as they're Irish stock) or I have to do it by post. If I do it by post the price may have dipped unfavourably by the time the trade is executed and seemingly there is no way I can set an instruction limit either.

I can message the other side of the planet in milli-seconds, but can only sell Irish stock by carrier pigeon. There must be a way, surely?

[Lewis]

Has anyone else noticed the inflation starting to bleed through into things? Supermarkets not so much except for petrol, but restaurants, butchers, independent shops, etc. all seem to have stuck ten/twenty per cent on things.

[Yevrah]

Yep. It’s rife everywhere. Whether it’s genuine input inflation being passed on or businesses just chancing it.

Another thing we have to thank SCIENCE for.

[Lewis]

Yeah, some of it might just be passing the kung flu compliance costs on. My last two haircuts went from eleven to fourteen quid in the space of a few months, but that can't be all down to losing a bit of walk-in business.

[Yevrah]

People need hair cuts, and when the normal course of business is disrupted, they can basically charge what they want. There's a barbers down the road from me that I use, that's gone from 10 to 15 quid.

I can afford it and I don't begrudge them doing it too much as a result, but for millions of people on the poverty line/those who've lost their job, it must be an absolute nightmare.

The SCIENCE, of course, doesn't take any of this into account.

[Kikó]

Could of course be BREXIT and not having enough lorry drivers to deliver the goods.

[Spikey M]

Should have gone bald you hairy nonces.

[Yevrah]

Could of course be BREXIT and not having enough lorry drivers to deliver the goods.

At a barbers?

[Kikó]

Shampoo costs.

Pints in London are starting at £6 everywhere now which is a jump of about 50p to £1 from pre covid.

[Boydy]

Some places in Belfast are charging about 6 quid a pint. We've got shite licensing laws here though so it's impossible to get a new license. You have to buy one off another place that's closed down or whatever. So the pubs in the city centre (loads of them owned by one of a handful of hospitality business groups) basically run a fucking cartel.

[Lewis]

GS having the last laugh yet again.

[Yevrah]

I noticed the six quid a pint in London when I was there. £14 for a spirit.

Praise the lord for expenses.

[Spikey M]

That was the going rate at the clubs in Ibiza around 2007. Must be about a grand a pint over there these days (not that they're open).

[Kikó]

1410976559008305161

Amazing.

[Yevrah]

Why would you do that?


A nonce is an abbreviation for "number only used once," which, in the context of cryptocurrency mining, is a number added to a hashed—or encrypted—block in a blockchain that, when rehashed, meets the difficulty level restrictions. The nonce is the number that blockchain miners are solving for.

It's like calling them Wives or Girlfriends. Just no.

[Spikey M]

Atleast drop me a laugh emoji if you're going to steal my content for these mugs, you slag.

[Kikó]

OutofContextSpikey

[Baz]

I joined Vanguard today and set up a s&p500 ISA thingy. Bottled putting in all my personal savings so just put half in.

[Kikó]

What are the fees like?

[Baz]

I don’t even know. :harold:

I watched this video (https://www.youtube.com/watch?v=gFQNPmLKj1k) and figured it was worth a punt.

[AyDee]

FTSE Global All Cap Index Fund Accumulation all the way. Just stick it in there and forget about it for 10 years.

Unless you specifically want a US overweighting.

[Mellberg]

I could be absolutely talking out of my arse here and have made poor calls in the past, but I think the 500 will be worth less in 3 years, maybe even 5, than it is now.

I would also say that buying 18 months into the biggest bull rally the markets have ever seen for a long term hold isn't wise.

[Baz]

Ah well. Too late now. Will check my balance in 12 months and hopefully it’s at least still worth £5k.

[Mellberg]

Negativity aside the monthly trend is still going strong at the min. Good luck :thbup:

[Spikey M]

Depends how long you're looking to hold too. After every market crash, the following bull market has resulted in all new market highs.

Not an ideal time to sink a big lump sum into the market, but in 20 years you'll still be sitting pretty unless something game changing happens.

[Don]

Yeah, it might go down but it also might go up, Baz.

[Spikey M]

Change both those mights to wills and you've got it.

[Don]

Ya, seems like the sort of era that'a well-protected from game changing events.

[Foe]

Talk to me about rolls Royce.

Are they going to basically double in value back to pre covid levels now they’re back in profit?

[niko_cee]

Hope so, still think I'm holding off the original mellers tip.

[Foe]

What platform are you holding in? I did more reading into IG and there’s a quarterly holding fee which a bit annoying.

I don’t quite understand why smith and nephew is tanking so quite fancy lumping some into them and RR.

[Mellberg]

I really, really like RR from here. Not financial advice and blah, blah, but looks good technically, huge potential upside and news is positive.

[Yevrah]

I've just bought some, so watch them tank.

[Mellberg]

Buy off the daily 7MA. Was at 106 when I checked earlier. S/L a couple of pips below daily 200MA, which was at 104. So S/L 101.9ish. You're a bit exposed with that entry, but provided a 10 point drop doesn't margin you or something, then should be okay.

[Spikey M]

I'm looking to set up a SIPP with any old pensions I have rattling about, but it's proving to be a bit of pain in the arse. Does anyone know of a simple way to find your old pensions?

I'm assuming my one from BHS has gone bye bye, but I should have 4 or 5 others from over the years.

[Kikó]

https://www.gov.uk/find-pension-contact-details this?

[Baz]

I’ve moved half my BTC to ADA (Cardano). :yn:

[Yevrah]

Spikey, I've just seen an advert for Pension Bee. Priya, 31, who featured in it says she LOVES using the app. Maybe that's the way to go!

[Spikey M]

https://www.gov.uk/find-pension-contact-details this?

Thanks. I think that's the one I tried last night and it started asking questions I don't know the answers to. Why did I think this was going to be simple? :moop:

[Spikey M]

Spikey, I've just seen an advert for Pension Bee. Priya, 31, who featured in it says she LOVES using the app. Maybe that's the way to go!

:D They're definitely not going to go bust within the next 2 years. I'm in.

[Yevrah]

Thanks. I think that's the one I tried last night and it started asking questions I don't know the answers to. Why did I think this was going to be simple? :moop:

It's an absolute ball ache and I only had one I had to find.

[Spikey M]

Can't move a Civil Service Pension into a Private Pension apparently. Snide fuckers.

[Yevrah]

I'm now over £400 up across Rolls Royce and IAG. :chief: Will the former go higher?

[Spikey M]

Potentially. Just been awarded a contract by the US Airforce for bomber engines, aviation starting to pick up and they have some form of contract at a Nuclear Powerplant I believe.

Just be cautious, our stock market has under-reacted to Brexit in a big way. At some point some big companies are going to get in to trouble and there will be a sell off. Speculative holds like RR - which it basically is these days - will be the first things many sell. I'd set a stoploss few percent under where you are now so you can sleep easy.

[Mellberg]

Trying to remember where you bought RR and IAG. RR 110? Safe as houses barring catastrophe.

[Yevrah]

Yeah, RR at 110 and IAG at 190.

[Mellberg]

IAG is massively on one, but in the interests of position, you're probably better closing that when/if it hits 190 and buying more RR on a dip.

[Baz]

I can only assume the answer is no considering the ridicule I got when I bought my first NFT, but has anyone else joined this MekaVerse (https://themekaverse.com/) raffle thing?

[Mellberg]

Closed my gold long at 1813 about an hour ago as I needed a shower and to walk to dog.

Lol

[Baz]

Anyone else holding SHIB?

If it goes anywhere near Dogecoin’s value (15p?) I’m a millionaire.

https://i.ibb.co/nbfTHQc/SHIB.png

[Spikey M]

I had a look at this yesterday and there's literally no chance.

Current Market Cap is already £30 odd billion, which is up something like 37 million%.

It has 4 Quadrillion coins vs Doge's 131 billion in circulation.

And I don't think people realise how far £0.00004 actually is from £0.15? Put the numbers the other side of the decimal point for some context.

If you get 15p per coin, SHIB would be worth more than Google.

Other than that, looks great.

[Baz]

Don’t be using logic like that. Think about what I’ll spend my millions on instead.

[Don]

TFL advertising captures the zeitgeist nicely on this. I'd estimate almost 50% is crypto investment related :scenes:

[Panda Bear]

I’ve moved half my BTC to ADA (Cardano). :yn:Where do you get your spread of investing advice? From what I can tell from this and memory, you're always late to the party.

[Baz]

Where do you get your spread of investing advice? From what I can tell from this and memory, you're always late to the party.

Lads in a betting group chat.

[Panda Bear]

Lads in a betting group chat.On the whole, are you making more than you would just buying bonds?

For reference, all I do is buy Vanguard ETFs that are tied to the TSX and S&P 500, the former of which is the Canadian version of the S&P. I'm not close to the world of stonks, so I don't worry about the minutiae since that's more likely to be detrimental.

[Baz]

On the whole, are you making more than you would just buying bonds?

For reference, all I do is buy Vanguard ETFs that are tied to the TSX and S&P 500, the former of which is the Canadian version of the S&P. I'm not close to the world of stonks, so I don't worry about the minutiae since that's more likely to be detrimental.

Err, dunno? The two recent dog coins made me a decent amount of money but I never really put much into it. To be honest, I make the majority of my income (including my job) from gambling. :sorry: Crypto stuff is more FOMO than anything. I've some money in a Vanguard S&P 500 but not much.

[Spikey M]

You'd have to be a retard to buy Crypto and make less than double what an ETF would net you. I only dable with Crypto, but my staked ETH is up 36% in just over a month (+4.5% APR to come), ATOM I'm up 3% (+5% APY to come) and Badger DAO is up 29%.

Only Crpto I'm down on is IoTeX, but that's because the spread fucked me. Had I spotted it, I wouldn't have bought. Long term it will be fine though.

[Kikó]

Luna still giving me the horn. I'm over 200% up since buy in.

[Kikó]

Luna. Hope some of you bought in.

[Lewis]

1476489435470573572

:lol:

[Pepe]

:harold:

[Spikey M]

:D ouch

[Boydy]

1477211070171336704

:lol:

[Lewis]

That black/monkey comment is a weird one to contribute as a third party to it.

[Spikey M]

It's a load of bollocks.

[-james-]

Dumb bitch. Imagine getting a 70 eth ape for 2 eth and crying about it.

[Lewis]

1482866885989478411

There must be more to this than how he explains it.

[Pepe]

https://medium.com/@spicedao/spice-dao-next-steps-187ebd3e5600

[Pepe]

Watch them sell it for twice that in a few years. The world is insane.

[Ian]

Man, I wish I was rich enough to not own stuff. :(

[Shindig]

I wonder what the cheapest brand is you could realistically own? Is it still somehow Atari?

[Spikey M]

I'll sell you my image rights for a couple of grand.

[Shindig]

How would you feel about small-headed public signs like the ones for men's toilets and marked exits?

[Spikey M]

I worry people would think they're those dickhead upside-down exclamation marks the Spaniards use.

[Foe]

When’s this Red Sea going to bottom?

I’ve said I’d buy some smith and newphew at <1232 and it’s all the way down at 1213. I’ve fancied them for a while and I’ve put off buying shares for too long, but are we in for continued dipping with Ukraine and inflation?

S&N and relx are the ones I fancy to hold for a few years (based on entirely amateur hour but feels).

Annoying too, as I attempted to sell (a small amount) of my company shares a 4.00 and missed it by about half an hour and it’s just kept sliding ever since. Down nearly ten percent.

[Pepe]

I am poor now. Hopefully this bust is followed by a boom so that I can be rich instead.

[Spikey M]

By any traditional measure the market is still massively over valued. Add on to that ridiculous Inflation and interest rates that the government can't increase, because of the sheer amount of debt they've amassed, and it's all a bit shit.

I can't see a way that this doesn't end in a recession / depression.

[Shindig]

There will be a lot of daft people who banked on stupid things during the pandemic, too.

[Foe]

By any traditional measure the market is still massively over valued. Add on to that ridiculous Inflation and interest rates that the government can't increase, because of the sheer amount of debt they've amassed, and it's all a bit shit.

I can't see a way that this doesn't end in a recession / depression.

:(

Buy buy buy

[Panda Bear]

it's worth noting that BTC now has a 0.41 correlation coefficient with the S&P500 up from 0.1 this past september.

also, this:
1485668045234184192

[Foe]

Everything fucking rose today. I needed the share price to drop 1% to buy S&N and instead it went up 2 or 3%.

:moop:

On the cusp of selling more company shares though, which would be good.

Turns out I set it to buy and I did actually buy £5k worth at that current price. Oops. :moop:
At least it has (sort of) risen since then.

Sold £1200 worth of my gaff too and timed it perfectly. Hit heavy resistance at my sell point and has been on a downward trajectory since.
Might shove that £1200 (and some into rolls Royce if it tools around 110).

[Foe]

That was meant to be a post quote. Rather than an edit. Fitting.

[Mellberg]

1492325605702049794

Can't remember at the time if it was in here or THE GROUP where I said 1680 trade of the year. Might be trade of the decade. This is a monthly chart spanning back to previous highs of 2012. Starting to break some very important resistance levels. Throw the current economic situation into the mix and you have potential for a serious breakout (needs to take and hold above the high from August 2020).

Obviously if anyone is to play it then manage your risk with position sizing and/or stop losses. If the breakout fails it's potentially a very, very long way down. But if it does break it could potentially never return to these levels and you can add size as you go along and use as a long term investment.

Edit: Trade of the year/decade may be wild exaggerations when BTC/GME/all other obscene madness is ongoing, but could be pretty fucking decent.

[Foe]

Given the news being released over the weekend about imminent invasion threats, are you expected a cash out scenario next week?

I’m expecting more red and if there is a scare can imagine people lumping into energy firms, food/water and bae systems (defence).

I’ve got pretty modest stakes in the grand scheme of things in S&N and RR. Think I’ll hold both but if there is a market dip I’ll be pouncing this time around after missing the covid dip being unprepared.

[Foe]

Or maybe you’re right, and people seek shelter in gold..

[Mellberg]

Semi circle on chart go VROOOOOM.

[Mellberg]

In all seriousness, cash out on gold? Or markets generally? There will be a move on Ukraine on your usual suspects you’d imagine, but trading news like that isn’t my thing so tbh I’ve no fucking idea. What I do know is in the the entire 18 month bull market was driven on stimulus. Everything else bar vaccine news was borderline irrelevant. Now that tapering is on the agenda, especially in the US which is completely off grid, it is/was time for a retrace. So how big an effect Ukraine will have with that major driver in the background I’m not sure.

The key to gold is it managed to pretty much maintain its position throughout the bull run, which you can see in the handle on the right hand side of the chart. There’s all sorts of other weird and wonderful bullshit which I think is confirmation, hence the post in here rather than the group, but I’m on my work phone 5 hours into a 12 hour night shift, so that will have to do. But it is a renowned safe haven, yes.

[Mellberg]

Having said that, after the rip last week you want to avoid buying too high, so a mid to long term timeframe 200MA touch would be a decent entry (depending on momentum and signals at point of contact). But like I say, have nothing in front of me right now, so just speculating.

[Mellberg]

Lads,

Binance will be blocking UK customers as of, without checking, May (17th?) in an effort to become FCA regulated. This is of course morally dubious and an indictment of the UK government and banking system, but I'm not here for that. I'm here because...

This is a pain in the arse for me as they have a leveraged account which maxes out at 125%, which combined with pretty substantial moves (1% move and you more than double your account) means I'm convinced that if you have enough swings from £100 and a bit of skill, you could build that up to a substantial number very, very quickly.

Full disclosure, I have already blown one account trying this (£100 deposit). You may lose whatever you put in and there are no guarantees this will end as well as it potentially could. I am liable to lapses in concentration, just like anyone, and at that leverage you can be punished very quickly.

Further disclosure, I could put up this capital myself. I could go all in and swing for it, but I don't want too because this is extremely risky and I would rather start from a lower base. The whole point of this post is I want to share some of the risk and forsake some profit in return.

So the plan. I'll be going £100 again, which Offy is matching. In return he gets 50% of his stake back. So if we reach 100k I'll take 75k, he'll take 25k. So obviously this is beneficial for us both if it goes to plan. If it fails, I take less of a hit and we both lose £100.

Now the big sell, I've been practising this for 2 years and have become very good at it. I make consistent (but slow) profits on an account with smaller leverage and less risk. Also, and this is the exciting bit, I've trialled this once already. I went from £100 to £1,000 in 4 days. That is 25% of the way to a million on the first run. Lessons have been learnt and I understand where I failed. So a repeat of that performance would equal £250 for Offy. A repeat of the performance twice over would equal £2,500 for Offy. A repeat of that performance x3 would equal £25,000 for Offy. And it goes wherever it goes until Binance fucks us all off.

Now I know those figures sound obscene, but my strategy is to trade a percentage of capital in the account and scale into positions. Once you get momentum this can compound pretty quickly and a move from £100 to £1,000 takes the same amount of time as a move from £1,000 to £10,000. And I now know each step is achievable in a minimum of 4 days.

So, I want your money and to share the risk with yourselves. Investment of min £20 and max £100. I don't want to be risking any more of anyone's money than that and anything below £20 isn't worth the hassle. You are entitled to 50% profit of whatever you invest and I will take the other half of your investment. I will detail full account size with all contributions and each person's percentage of the account from the start. This percentage will obviously not change and you have the right to withdraw that percentage at any stage. Daily updates on account size and the days trades. Should be able to put 2 hours a day in, so plenty of scope for one to two big moves per day. Plan is to start on Thursday, as my shifts change and I can accommodate 2 hours per day more effectively. After Thursday the offer closes, as integrating investments once the account has started moving will become too complex.

Anyone interested? If we have enough takers I'll start a thread.

[Lewis]

I'll join.

[Boydy]

:D

So how much do you reckon we could make from 100 quid?

[SincereTheRebel]

I want in.

[niko_cee]

£8m

I'll go for a ton. :thbup:

[Ben]

Take my money.

[Dark Soldier]

Motherfucker is shorting Luna

[Yevrah]

I'm in.

[Mellberg]

Starting thread.

[Shindig]

Convicted criminal starts get rich quick scheme. :D

[Foe]

Interested.

[Spikey M]

:D

So how much do you reckon we could make from 100 quid?

£0 minimum.

[Lofty]

I'll give you 100 rollercoins.

[Baz]

Would anyone be interested in a bot that you leave running constantly and it autotrades and makes you money? People seem to pay serious dollar for it but I’m happy to share it for free, on the proviso you use my referral to sign up to the broker of course.

For transparency, it uses a free programme called MetaTrader 4 (I’ll supply the plugins that make the magic happen) and you need an ICMarkets (https://icmarkets.com/?camp=63373) account.

It requires initial investment of any size - soz I don’t know the minimum investment but Google sez $200 :sorry: . I set it up last night with 1k and made £6.54 in 9 hours. You literally just leave it running. :) You can even do it with a Remote Desktop if you don’t have a dedicated machine.

The maths I’ve seen is if you put 5k in, in 2 years you should have 300k, so not quite as profitable as Mellin but not bad for no effort

PM if you want.

[Don]

This thread is gonna be archived as an exhibition of the cost of living crisis.

[Kikó]

Free money you say?

There's zero fucking chance that's going to be able to outplay the actual algo traders (size, speed) and you're just going to be locked into a position and lose it all quickly.

[Baz]

Free money you say?

There's zero fucking chance that's going to be able to outplay the actual algo traders (size, speed) and you're just going to be locked into a position and lose it all quickly.

https://docs.google.com/spreadsheets/d/1RfqOxTv63jcqk9R7WZg7RXLZxqLiq2KYvDWZ_ke8l5M/edit?usp=sharing :huhu:

[niko_cee]

Real time editing.

[Baz]

Real time editing.Its not mine. A few of us chipped in to buy the bot and one person shared that.

[Kikó]

How are you sorting out your tax liability from the free money?

[Spikey M]

There's a bot that pays the tax for you.