SmokyMo wrote: » No matter how romantic of an idea that a bunch of redditors are able to stick to hedge funds, reality is they can barely move the market price, their capital is just still too small. Reason GME poped is a bunch of other big dogs on the other side of the trade. I saw somewhere a buy/sell data for last week from RH, and its was fairly equal with more sells towards the end of the week. Even if you are hoping for 1k target, chances of it lasting more the couple seconds and your ****ty free retail broker operating at that time is nearly zero.
Timmaay wrote: » This is the investment and markets forum. I'd suggest anyone who is totally bored and wants to do nothing other than gamble on stocks go create a thread on the gambling forum.
Akesh wrote: » Of course they are moving the price. You do realise manipulation can work both ways and for once it hasn't favoured the hedge funds. The shorters have proven themselves to be nothing but a cancer to the market. A cancer that is willing to double and triple down on their mistakes. Some very salty comments in here on GME.
pajosjunkbox wrote: » This is gambling plain and simple. There is nothing wrong with that as long as you know the risks......and it's fun to watch.
Shedite27 wrote: » Bit of an obscure one, and a real moonshot, KR1 PLC, market cap $60mn They're a company involved in DeFi, which is essentially the next step of Bitcoin, building financial systems that are based on crypto rather than normal currencies. After last week's shenanegins with the Fed getting involved in Robinhood, I can see this getting more mainstream. The company is a small operations, out of Isle of Man, they essentially are consultants that help out setting up systems, but they get equity in the systems they setup so you're buying a stake in those. They also hold a lot of obscure crypto so as those prices rise, you get a chunk of those too. You can see a list of what they're invested in herehttps://www.kryptonite1.co/investments This is a real longshot, one to stash in the portfolio and not to look at for a year or so. It only trades on some obscure exchanges, neither of which are on Degiro. In the UK, it's on the Aquis exchange under KR1, in Stuttgart it's on the Boirse exchange under K4H (you can buy this on Interactive Brokers). It was trading about 20c a share at Christmas, currently about 60c. I reckon it gets a run while this SEC investigation goes on, and if it goes for Nasdaq listing it would be a nice boost too. I bought in about 2 weeks back at 50c
Bob Harris wrote: » All well and good if GME goes to 1k...but when everyone rushes for the door who is going to buy the shares?
jive wrote: » I don’t buy this and this is coming from someone who only invested in basically all world ETFs until last week. It’s high risk but if you classify it as gambling then all investments are gambling. Just because this isn’t based on ‘fundamentals’ doesn’t make it less legitimate as an investment. Invest in Tesla, which has an non-sensical and astronomic valuation, and you’re an investor. Invest in GameStop and you’re a gambler, despite the fact GameStop is probably closer to its true value than Tesla has been for several years. Despite all the high frequency trading, highly-educated bankers, bots, algorithms, etc. the market can be irrational. Momentum trading and speculating on GameStop is as legitimate as any other investment. Yes it’ll settle back to close to December values eventually but the circumstances around it will dictate it’s price for the time being.
[Deleted User] wrote: » Exactly. You buy a stock because you hope to make a higher return at a later date. Does it really matter what your reasoning is? No matter how many models or textbooks you throw at it, it's still going to be a risk. I bought Hertz stock on a punt last year, I put no "fundamentals" research into it, it was just a hunch. My "fundamentals" friends told me I was wasting my money. I made a very healthy return when I sold it. No one can predict the future. Simple as.
JeffKenna wrote: » Yeah sur when a blindfolded monkey throwing darts can beat professional and amature investors I don't really get why people are taking a high moral ground about investing in these momentum stocks.
Judith Great Balance wrote: » Why have Gamestop said nothing? Surely they should be releasing more shares to gather in a pile of cash? If they did this, even if the stock later plummeted back to near where it was, the new board combined with a pile of cash would allow them to attack the online space better, and would altogether improve the fundamentals of the company. If they raise cash this way and the stock later totally plummets I would be tempted to buy some stock when it hits bottom to sit on for a while with a view to the long term.
This is it wrote: » When would we know the extent of Melvin's losses, or will it ever actually be realised?
Andrea B. wrote: » Is it just me? I call that up under German shares and identifies KR1 / K4H and then when i select "no results found"��
Cute Hoor wrote: » Melvin lost $4.5bn in January, can't see if all of that/less than that/more than that was on GME
Shedite27 wrote: » This "release more shares" would only be sold to big corporates, and they aren't going to buy it at this levels. Simialrly, nobody is going to allow Gamestop take them over using stock as they usually would, as again, the price is very misleading. There's not a whole lot they can do with the current circumstance
alanceltic wrote: » Not as simple as this, there are very strict rules that the board have to work within. A special resolution needs to be agreed by shareholders at tha AGM as to how many new shares can be issued and this is to protect shareholders being diluted to death. The resolution could be held with an EGM but again there is a minimum notice period to convene an EGM. The board are there to run the company and are legally constrained to a large degree with interfering with the market.
Shedite27 wrote: » Interactive Brokers are the only broker I use that have it listed. It's a bit of an obscure one, hence if you can get it now, it's cheap, if it lists on AIM/OTC exchanges it will become more accessible and price will go up with more buyershttps://in.tradingview.com/symbols/SWB-K4H/[/url Thanks. I am ii.co.uk
Phoebas wrote: » When this is all over, we'll see that there were an awful lot of newbies who bought in at the top and lost it all.If you're new to this and buying in now, you're like the guy who bought that apartment in Bulgaria off the plans on the recommendation of his taxi driver.
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