General > General Technical Chat

Gamestop: Reddit vs. Wall St.

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DrG:
Around now, I figured I would post a graph of the price and use an old video of the BS&T song, "Spinning Wheel" (What goes up, must go down....).

Instead I post a price graph that seems to defy gravity.



TerraHertz:

--- Quote from: NANDBlog on February 02, 2021, 12:09:26 am ---So when I was researching how the stock market is working:
buy, sell: Ok makes sense
options, call, put: Ok, you can get some insurance for your investment, ok, makes sense
Short: Ok, so you think the price is going down, and if it is going up, you might loose infinite amount of money
TDT: That's sounds like gambling to me.
High frequency trading: OK, so I basically have no chance of ever making money without spending significant amount of time researching everything, because my enemy is a supercomputer, who plays dirty.

And then I looked into the details. Insider trading being illegal. Naked shorting being a common practice. Pump and pump. Tesla. Dutch black tulips.

None of this makes any sense, and I am very sure, most the things that go on on the stock market should be illegal.

--- End quote ---

Yeah, I long ago decided the stock market is too corrupt and convoluted  to risk my own money in.
And by the way, you left out Front Running - fiddling with communication links to get a few mSec lead on trading notifications, to feed your HFT computers for extra gain.

Personally I prefer investments you can hold in your hand. Nice and simple, nothing the government can do make it go poof. All the better if part of a world-wide movement that might actually bring down the whole rotten house of cards.  http://everist.org/archives/links/__Silver_squeeze_info.txt

A small example:

GodIsRealUnless DefinedInt:
So about a year or more ago, after many years of steady decline, GameStop was not doing well and their stock was super low. Then, they hired some new board members and the stock went up. Institutional investors (aka hedge funds) observing the phenomenon decided to "short" GameStop stocks to make a lot of money when it failed. The idea of buying GameStop stock and selling it a few hours later at a fraction of the price you bought it for is the most GameStop turnabout imaginable, if you ever tried selling anything back to them =) I always said its good to be the ruling class (government representatives) but then the financial markets have their own ruling class and all the Reddit David's decided to throw stones.

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