Reddit Vs hedge funds

[Rjk]

anyone else been reading up about this?
serves the parasites right.

more of this sort of thing.

[Croesy Blue]

Re: Reddit Vs hedge funds

I've been looking at it since last week, very disappointed I didn't put any money in GME it was around 100 usd when I first started paying attention!

Seems to have been a bit of a drop afterhours, be interesting to see if there's another squeeze today.

I got a nice increase in my cine shares which seems to be linked as it is a highly shorted share too.

The WSB subreddit got locked and discord deleted last night, it's like the bookies no rules if they're making money, more rules if they start losing.

[Croesy Blue]

Re: Reddit Vs hedge funds

Just saw GME is up 23% pre market, will be another interesting day

[lardy]

Re: Reddit Vs hedge funds

The sub reddit is up again now.

I've been reading up today on it. But obviously not enough. How do we find out what price the shares will open at?

[tforturton]

Re: Reddit Vs hedge funds

I don't understand how they can say that a group of people getting together to buy up stock is 'manipulating the market'. Surely a hedge fund betting that a stock will go down is 'manipulating the market' just as much, if not more? Also interesting to see that hedge funds are now getting out of other low-priced stock, such as Blackberry, as they think something similar might happen there.

The owner of Gamestop is the one who has made the most money, though of course it's only hard cash if he sells his shares. The sad thing is that once everyone starts selling up, and cashing in their earnings, the share price will go back to where it was. It's a retail business in an online world - it can't last forever. So in a way, the hedge funds were right all along, it's just someone took them for a very expensive ride.

[Croesy Blue]

Re: Reddit Vs hedge funds

Exactly!

https://old.reddit.com/r/Wallstreetbetsnew/comments/l6i4t3/wallstreet_bets_set_to_private_megathread/

The WSB thread on the subreddit being banned/set to private is worth a read

[Pedro de la Rosa]

Re: Reddit Vs hedge funds

I don't understand how they can say that a group of people getting together to buy up stock is 'manipulating the market'. Surely a hedge fund betting that a stock will go down is 'manipulating the market' just as much, if not more? Also interesting to see that hedge funds are now getting out of other low-priced stock, such as Blackberry, as they think something similar might happen there.

The owner of Gamestop is the one who has made the most money, though of course it's only hard cash if he sells his shares. The sad thing is that once everyone starts selling up, and cashing in their earnings, the share price will go back to where it was. It's a retail business in an online world - it can't last forever. So in a way, the hedge funds were right all along, it's just someone took them for a very expensive ride.

The hedge funds have borrowed money against their options, so some of them are going bankrupt and then immediately getting bailed out. But of course, there isn't any money available for people who need it...

[tforturton]

Re: Reddit Vs hedge funds

I'd be interested to know the background behind this. Is it a deliberate attempt to cause hedge funds to lose massive amounts of money? If so, why, and is that wise?
What's to stop the same group of people (who now have a lot more cash to play with) doing the same thing with other shares? If that happened, then 'manipulating the market' would be exactly what it is, surely?

[tforturton]

Re: Reddit Vs hedge funds

Reminds me of the final scenes of 'Trading Places'. Anyone remember that film?

[WJ99mobile]

Re: Reddit Vs hedge funds

Can someone link me up - will be interesting to read

[lardy]

Re: Reddit Vs hedge funds

I'd be interested to know the background behind this. Is it a deliberate attempt to cause hedge funds to lose massive amounts of money? If so, why, and is that wise?
What's to stop the same group of people (who now have a lot more cash to play with) doing the same thing with other shares? If that happened, then 'manipulating the market' would be exactly what it is, surely?

Thank you to whoever explained this - @reddit is incredible

������ pic.twitter.com/zKRlbP41gJ

— Jimmy Kelly (@_jimmykelly) January 28, 2021

[tforturton]

Re: Reddit Vs hedge funds

Very clear explanation. The big question is - why?

[Feedback]

Re: Reddit Vs hedge funds

Very clear explanation. The big question is - why?

generally the likes of reddit and imgur are communities that do this sort of thing.

[tforturton]

Re: Reddit Vs hedge funds

There's little difference in a hedge fund pushing a share price down, or a reddit group pushing it up. After recent events, I would have thought that hedge funds will take steps to ensure that they don't get caught like that again. Does sort of kill their business line though?

[chris lee]

Re: Reddit Vs hedge funds

I do a lot of short term trading on 212, and also use reddit for stock tips, So been following this all the way. A lot of platforms including trading 212 have blocked new purchase orders today on GME and AMC essentially attempting to drive the price back down, which is leading to lots of conspiracies!