Shorted Stocks

ardinn · 28-01-2021 10:59pm

Thanks

I thought I read somewhere or seen an article on a guy who invested x and lost xxxxxx! anyway - heres to becoming a millionaire by morning

Kilboor · 28-01-2021 11:03pm

ardinn wrote: »

Thanks

I thought I read somewhere or seen an article on a guy who invested x and lost xxxxxx! anyway - heres to becoming a millionaire by morning

You can lose more than your invested amount if you short a stock. That's what is happening to GameStop shorters right now

Shedite27 · 28-01-2021 11:03pm

John Hutton wrote: »

The original lad on reddit has balls of steel how did he hold when he was due millions

He's down $14m today, currently sitting on $18m profit

ardinn · 28-01-2021 11:05pm

Shedite27 wrote: »

He's down $14m today, currently sitting on $18m profit

Did everyone else fúck him over and cashout?

Whats their plan for tomorrow? Or is their one?

awec · 28-01-2021 11:05pm

Kilboor wrote: »

You can lose more than your invested amount if you short a stock. That's what is happening to GameStop shorters right now

Also if you buy on margin, right?

Neither of which you'd be doing on Revolut.

Kilboor · 28-01-2021 11:07pm

ardinn wrote: »

Did everyone else fúck him over and cashout?

Whats their plan for tomorrow? Or is their one?

No one ****ed him over, the value of his investment is less today because Gamestop shares are trading at a lower price.

There's no collective plan, people are buying and holding right now pushing gamestops price up as shorters are forced to buy shares at the highest available prices. The plan is "buy" if you read wallstreetbets.

When the shorters have fully covered their positions this will run out of steam, there will be a huge fall in the share price as people panic.

Dublin Lad2021 · 28-01-2021 11:07pm

ardinn wrote: »

Did everyone else fúck him over and cashout?

Whats their plan for tomorrow? Or is their one?

Think it was supposed to be Friday or Monday but when buying got suspended everyone sold. It's not just Redditors, actual firms bought millions and sold it on a short for profit

Kilboor · 28-01-2021 11:08pm

awec wrote: »

Also if you buy on margin, right?

Neither of which you'd be doing on Revolut.

Yes exactly

Birneybau · 28-01-2021 11:12pm

ardinn wrote: »

Thanks

I thought I read somewhere or seen an article on a guy who invested x and lost xxxxxx! anyway - heres to becoming a millionaire by morning

That was Homer Simpson becoming super bankrupt

ardinn · 28-01-2021 11:15pm

Birneybau wrote: »

That was Homer Simpson becoming super bankrupt

Im pretty sure it wasnt but he probably did too

ardinn · 29-01-2021 12:01am

Elon Tweeting about DOGE now - and I cant buy it on revolut

Jim2007 · 29-01-2021 12:12am

daheff wrote: »

But if the broker isn't facilitating trades they are reducing volume and preventing their own commission, right? Stopping people trading isn't then in their own interests.

If none of their intermediaries are willing to take up an order that is what happens!

Putting a finger it this pie is not bright at the best of times, but doing with a discount broker is a complete disadvantage.

You’re playing against guys who have full instance access to the market, while you sit around waiting for an intermediary to pick up your order.

There is a reason to use a full cost broker sometimes and this is one of them.

buyer95 · 29-01-2021 12:39am

Well after touching 112 dollars a share after retailer investors were locked out of the market, GME is now at 310 in after hours. I expect a surge tomorrow, with high volatility throughout the day as shorters continue to fight. I sold 95% of my position in GME yesterday, so it's really entertainment at this stage. Strap up boys, it could be quiet a day.

Bodjhrjekekr · 29-01-2021 1:06am

ardinn wrote: »

Elon Tweeting about DOGE now - and I cant buy it on revolut

This robinhood stuff is probably one of the best things to happen for crypto - even though ironically i think that's where a lot of people are trading Doge

I also have no clue how to buy it from europe

rapul · 29-01-2021 1:10am

You can buy it on binance, but it's way up, bad time to buy.

Bodjhrjekekr · 29-01-2021 1:17am

rapul wrote: »

You can buy it on binance, but it's way up, bad time to buy.

bought some xlm on revolut instead as its jumping too, i cant open another trading account :eek:

rapul · 29-01-2021 1:19am

Bodjhrjekekr wrote: »

bought some xlm on revolut instead as its jumping too, i cant open another trading account :eek:

Seen xlm moving alrite, wild nite ahead for alot it seems

Bodjhrjekekr · 29-01-2021 1:22am

rapul wrote: »

Seen xlm moving alrite, wild nite ahead for alot it seems

I should set an alert for elon musks tweets :rolleyes:

WhiteMemento9 · 29-01-2021 1:24am

Reuters - Losses on short positions in U.S. firms top $70 billion - Ortex data

Atlantic Dawn · 29-01-2021 1:25am

WhiteMemento9 wrote: »

Reuters - Losses on short positions in U.S. firms top $70 billion - Ortex data

Good enough for them

ardinn · 29-01-2021 4:06am

im opening a kraken account for doge but its taking a fecking age - They want it to go to $1 - its gone from 2-5c in the last few hrs - it will explode when they wake up in the u.s. (says me 5mins after hearing about anything remotely useful about stocks and crypto!)

Tell me how · 29-01-2021 4:09am

AOC running a Twitch stream at the moment with a former Wall Street IT system and now activist, the founder of Reddit and a 'Stockguy' twitch streamer.

Interesting conversation from the different perspectives albeit with everyone coming at it from the position of the retail trader.

ardinn · 29-01-2021 4:18am

Tell me how wrote: »

AOC running a Twitch stream at the moment with a former Wall Street IT system and now activist, the founder of Reddit and a 'Stockguy' twitch streamer.

Interesting conversation from the different perspectives albeit with everyone coming at it from the position of the retail trader.

link?

ardinn · 29-01-2021 4:20am

never mind, found it - (first time on twitch) thanks

PaddyTheNth · 29-01-2021 7:40am

Fairly compelling alternative theory as to why RH and others suspended purchases of several stocks. https://mobile.twitter.com/KralcTrebor/status/1354952686165225478

Archaic clearing processes and liquidity rules both enforced by/in favour of Wall St. Biased, but codified and published rather than back channel manipulation.

VinLieger · 29-01-2021 7:55am

PaddyTheNth wrote: »

Fairly compelling alternative theory as to why RH and others suspended purchases of several stocks. https://mobile.twitter.com/KralcTrebor/status/1354952686165225478

Archaic clearing processes and liquidity rules both enforced by/in favour of Wall St. Biased, but codified and published rather than back channel manipulation.

Then why did all the retail brokers lie about managing risk for customers? Like they all used exactly the same line practically verbatim, if it was to do with rules etc especially those in place that help wall st and they admitted that nobody would blame them yet they still lied.

Timing belt · 29-01-2021 8:04am

VinLieger wrote: »

Then why did all the retail brokers lie about managing risk for customers? Like they all used exactly the same line practically verbatim, if it was to do with rules etc especially those in place that help wall st and they admitted that nobody would blame them yet they still lied.

They were managing risk for customers by posting VM to cover the clients risk.

VinLieger · 29-01-2021 8:17am

Timing belt wrote: »

They were managing risk for customers by posting VM to cover the clients risk.

So you are saying every brokers PR departments are so unclued in that they decided to lie to their customers instead of telling the truth which would have actually gained them support? Robinhood is now a zombie platform that will die once this is all over because of that decision.

Also many brokers like T212 have now changed the tune to claim the buy restrictions are due to their intermediaries pla ing restrictions not customer risk or the regulations at all care to explain that?

Timing belt · 29-01-2021 8:21am

VinLieger wrote: »

So you are saying every brokers PR departments are so unclued in that they decided to lie to their customers instead of telling the truth which would have actually gained them support? Robinhood is now a zombie platform that will die once this is all over because of that decision.

Also many brokers like T212 have now changed the tune to claim the buy restrictions are due to their intermediaries pla ing restrictions not customer risk or the regulations at all care to explain that?

The intermediaries/clearing house are asking them to post Variation margin to cover the risk.... Something they need to do under the Regs.

VinLieger · 29-01-2021 8:24am

Timing belt wrote: »

The intermediaries/clearing house are asking them to post Variation margin to cover the risk.... Something they need to do under the Regs.

Then why not plainly say that? Surely at this stage after all that happened yesterday they know it would gain them at least some of the support back that theyve lost as it still speaks to the one rule for the rich and another for the rest argument

Shorted Stocks

Comments