Jump to content
Wanderers Ways. Neil Thompson 1961-2021

Stocks


deane koontz

Recommended Posts

11 minutes ago, deane koontz said:

Not bad for a morning's work!

Going on a crash course to understand this shit :lol:

I used Uphold app. Dead easy to deposit with. 

However, I've just done this for a laugh. It's every chance the rug gets pulled and you have zero. 

Doge coin was set up in 2013 as a joke. It now has a market cap of 4.5bn dollars. 

It has zero utility. 

Link to comment
Share on other sites

2 hours ago, Casino said:

Its all a bit confusing

What if they say theyre going to, but dont?

I bought a few quids worth of cineworld a months back

Come on lads, do your stuff

The news that there’s a pump on Monday has created a jump today. Up 20%. 

Link to comment
Share on other sites

A few of us have been balls deep for 3 years with XRP now. We made massive gains 3 years ago then watched them all disappear, like with most cryptos. Many have now started to return to those highs and some have passed them. XRP is expected to do the same should they win a court case which is currently ongoing in America. 

If they win that then fill your bags 

 

Link to comment
Share on other sites

  • Site Supporter

They were discussing this on the box last night. One mon saying that unfortunately, some (typically with little cash to lose) are going to arrive late to the party, just as the great sell off starts, and get burned badly.

Risk you take I suppose. 

Anyhow, will someone in the know explain exactly how a hedge fund 'bets against' a failing company- what actually happens to enable them to profit on the back of it?

Link to comment
Share on other sites

  • Site Supporter
23 minutes ago, Tonge moor green jacket said:

They were discussing this on the box last night. One mon saying that unfortunately, some (typically with little cash to lose) are going to arrive late to the party, just as the great sell off starts, and get burned badly.

Risk you take I suppose. 

Anyhow, will someone in the know explain exactly how a hedge fund 'bets against' a failing company- what actually happens to enable them to profit on the back of it?

They borrow shares off others (for a fee), sell them then buy them back at a lower price to return them back to their owner.

Link to comment
Share on other sites

24 minutes ago, Tonge moor green jacket said:

Anyhow, will someone in the know explain exactly how a hedge fund 'bets against' a failing company- what actually happens to enable them to profit on the back of it?

My understanding is hedge funds says on first day of trading in Jan we expect GME shares to be lower than current value of $20. They bet billions on this. They hope that the share price drops to $10 on last day of trading in Jan. In the meantime the failing business sees its shareholders abandon ship - scaremongers tighten the noose - more shares become available and the price drops. 
Of course, they didn’t contemplate some mass action group buying up the shares and driving the price up instead of down. 

Link to comment
Share on other sites

  • Site Supporter
1 hour ago, Smiley said:

My understanding is hedge funds says on first day of trading in Jan we expect GME shares to be lower than current value of $20. They bet billions on this. They hope that the share price drops to $10 on last day of trading in Jan. In the meantime the failing business sees its shareholders abandon ship - scaremongers tighten the noose - more shares become available and the price drops. 
Of course, they didn’t contemplate some mass action group buying up the shares and driving the price up instead of down. 

Quite. Seems folk are pissed off with shorting as it can really fuck up a company.

I am not really feeling any kind of sympathy for them right now but I don't really know the full story as it all confuses me a bit.

Link to comment
Share on other sites

35 minutes ago, Biggish Dave said:

Right then chaps, I’m looking at doing a bit of stock market gambling, nothing major - couple of hundred quid initially for a bit of fun and learn the ropes.

Whats a decent app for cheap/zero commissions, easy to use etc 

Freetrade is decent and your not paying £10 per trade. You can also set up a stocks and shares isa for £3 a month or just have a general account for nowt. 

You can use my referral and we both get a free share. 

Invest in stocks and ETFs commission-free. Sign up here with your email and get a free share worth up to £200 to get started.


https://magic.freetrade.io/join/stephen/efcc3802

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.