What the heck is going in stock market? Is it Reddit group v/s Wallstreet? Or small stock holders v/s Hedge fund bankers?
Gamestop is sky high.
Robinhood has banned everyone from buying it anymore. They can only sell
Clearly a havoc. But we are still a capatalist society. You cant win against Wallstreet giants. Everything will die down soon
Its David vs. Goliath of the 21st Century.
Basically, a bunch of rebellious redditors from r/Wallstreetbets, have short-squeezed a few really large hedge-funds. More than $30b in losses due to their short positions going long. It was hilarious, a bunch of really wealthy people looking at each other going wtf just happened. 
I’ve been having a blast these past few days. Closed a few positions, but yeah I am still all in. Wish I could invest more, but in the last 48 hours or so, a lot of platforms were either not allowing you to buy stocks like GME, AMC, Nokia & BB or had temporarily suspended all trading.
On a serious note; this has all the hallmarks of being a very dangerous bubble.
What is happening is fricking brilliant. I hope they hold out until Monday and really squeeze these hedge fund morons. Although I wouldn't be surprised if the idiots get bailed out though as usual :/ Still huge props to the movement.
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During COVID canadian billionaires net worth went up by 30 percent, the rich own us and will eventually find a way to take it all. I did know of a girl frm Hong Kong whose ex was involved with a group in stock manipulation and he made her a multi millionaire with a 7k initial investment. Money is not the only measure of success and it ends up destroying lives, we need to focus more on health and relationships.
We need someone like AOC to improve income distribution, the day will come.
Couldn’t agree more. If these a-holes can manipulate the market and get away with it, then why can’t we? They say that we are artificially inflating the price of stocks. I am sure that beats betting against a company with more than 25k employees who’s jobs were on the line.
A simple and direct explanation of the Game Stop saga
The root cause was not market manipulation by one group or the other. The root cause was irresponsible risky decisions made by the hedge funds which the redditors caught on to and exploited. Basically, the hedge funds left their short positions uncovered (to increase their profits) and redditors realized that by looking at the volume of shorts vs longs. Such risky decisions are characteristic of an easy money environment created by the govt by suppressing interest rates and pumping stimulus money into the economy.
GAMESTOP DRAMA, EXPLAINED (with Pokémon cards)
A fantastic video by Johnny Harris.
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Looks like this bubble is also busted 
I miss the expert opinion of @Southie and @queer on finances..
whats brilliant is the unity shown by the penny holders against the giants. And now they are bearing all the loss the way it was supposed to happen
Indeed. They call themselves the R word for a reason! Quite admirable really.
And just like that, the movement has died. Robinhood is still thriving. As someone said its name should be "robbing the hood"
Eventually when income disparity and oppression exceed limits there is a big sudden change, how does anyone explain Bezos making 90 Billion in one year. Eventually the system has to be changed for better distribution of wealth. People like OAC is the answer, I think Biden is a corporate plant.
This is what happens when retail investors try to take up a fight with wall street, finite vs. infinite resources.
Some poor souls on r/WallStreetBets bought their way in to $GME with their life savings, when Gamestop stock was trading at $400+ a share. I’ve seen screenshots of losses totaling more than a million dollars.
I will never understand why people put money into a stock which is already at its all time high, and in the case of $GME, several times over.
I agree it was fun for the audience and those who could afford the losses. But what about those who couldnt?
It was a bubble and the bad thing about bubbles is that when they burst people die
While no expert, I will add my two paisa to the business forum as time permits!
Southie, noticed you’d mentioned AMAT several years ago. Hope you bought and held on!
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queer, good to see a familiar name. Great memory. AMAT was a favorite cyclical stock that i would buy at circa 10, and sell between 20 to 25. So yes, ai got rid of it at around 20-25. And it is now at 130 I think. About 4 weeks back, i oicked up one share at around 130. Hooing for price to go down and buy incrementally on the way down.
i have had some bad buys with GE and TEVA. Break even for GE 30 pct loss for TEVA. Bought oil stocks and sold them for prfot. Rinse nd repat one more time. Now am out of oil. Did miss the last 20 pct move. But better to book profit than extract the last punce of profit.
Have accumulated pharma shares at lower prices so doing alright there.
Didnt touch tech stocks, so didnt make money on aapl goog fb msft etc.
niblling in INTC Little at a time. Ditto ibm and MMM or 3M
Got out of us mutual funds at snp 500 level of 2600 to 2900. So you can say i left a lot on the table.
What do you think about $TSLA? I didnt buy it when it was 600 thinking its overvalued. Look at it now, it crossed 1200
I hate Elon musk
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I am a boring stock picker. Which means i missed out in aaple, google, facebook, netflix, and yes Tesla.
I would agree with you in NOT picking tesla at 600. And now it is douboemthat which jeans it is twice as overvalued.
its market cap is 1.1 trillion us dollars. That is insane. EVs will become a commodity. There will be competition. FM market cap is only about 90 billion is dollars. That is 12 times lower. Either tesla has to go down or gm has to go up or both bo down with trsla going down more.
Warren buffet has two rules
- dont lose money
- dont forget rule 1
so do not regret ur decision just becaise the stock went up. Habe a process and stick to it.
my process is NOT to buy overvalued stocks. Then i dont regret if those stocks go up further.