This 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.
This 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.
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 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?Originally Posted by 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.
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.
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.When they pivot their business model and get bought out by Apple I'll be a millionaire.
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.
Doubled my stake on Cardano
Its fucking flying.
Get in the WhatsApp group lad.
I oinly bother with crypto but which handsome cunt do I have to send nudes my number to?
Mellin. But you're welcome to send it to me and I will ask him to add you in there.
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...ays-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.
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.
Airlines soon. Before anyone gets on a plane.
I bought Cineworld, Hollywood Bowl and Restaurant Group stock last week. They're all green. 10% in 2 days in Restaurant Groups case.
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.
Tesla's pumped 1.5bn into BTC and made the price surge.
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.
Gone up another 55% since then. Shit is so cash.Doubled my stake on Cardano
Its fucking flying.
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.
Last edited by Mellberg; 21-02-2021 at 09:14 PM.
US stimulus is the catalyst btw.
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
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.
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.
Send me your money over and I'll do it for you.
Try Degiro.
IAG's been going alright of late Mellers.
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.
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?
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.
Imagine pouring thousands into such a blatantly poorly executed idea.
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.
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.
Me and THE GROUP were lolling at that earlier.
Along with this:
https://www.bbc.co.uk/news/technology-56402378
"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.
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.
Despite knowing absolutely nothing about them, I now own a NFT:
I'm a twit
Did you pay 380 dollars for that?
Yessir.
I'm a twit
Lol what
Speechless
Mental when you consider he could have put it into Football Index.
This is possibly a worse investment. He's bought a Gif for $380
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?"
So what are you planning to do with that Baz?
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