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colonelmustard

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Posts posted by colonelmustard

  1. As Wednesday began, it looked like any other day for the stock that has come to be best known as “GME” by its followers. It opened at just under $45 per share – vastly down from its highs during the GameStop affair a few weeks ago – and continued trading that way through the morning.

    But after the market closed, it shot upwards. It was up more than 50 per cent by early Thursday.

    It was not clear why such an event happened. The last time around, the rapid increase was driven by a “short squeeze” – because so many hedge funds had bet against the stock, technical trading dynamics meant that any increase in price would be accelerated by them covering their positions – but analysts ruled that out this time around.

    Reddit, which hosts the “Wall Street Bets” forum that has become a haven for investors who support stocks such as GameStop and other nostalgic businesses, went down just as the surge was beginning. It was not clear whether there was any connection between the two events.

    https://uk.finance.yahoo.com/news/why-people-buying-gamestop-stock-140348155.html

     

     

  2. 19 hours ago, drbubb said:

    I agree those are sign of excess. But how to make it stop? I feel this can continue way longer... the market will keep getting flooded by liquidity, « social investing » is likely here to stay, and by now any plumber or hairdresser has a brokerage account.

    Exactly how I feel about it.

    But I need to see a significant correction before I buy anything so...

    It's watch and wait for the right opportunity and I don't mean a GME situation or anything sophisticated like options just good value stocks preferably with a dividend and some growth potential.

  3. Yep...I'm afraid this dog's dinner was the best they could come up with in the face of so much establishment resistence and sabotage. It is a minor miracle we have managed to get this far.

    Without Nigel and the Brexit party it would never have materialised I am sure of that. May and her band of weasels would have rigged another referendum to remain given the chance.

    All the Decades of lies and betrayal to steal our democracy piece by piece....so slowly most people didn't even notice until Brussels became so entwined with every fibre of Government it was almost impossible to break away.

    I pity any country that has joined the Euro currency because I cannot envisage they will ever be able to disentangle themselves unless there is a spontaneous and unforeseen collapse which I think is unlikely as long as Germany bankrolls it. I don't pity them because I believe Brexit is going to bring economic success or monetary gain..it may not...that's not what matters to me. What's important is we decide our own future for good or bad.

    For me the EU is a sinister operation and actually I am still angry that we came so close to the point of no return. If the 2016 referendum had gone the other way there would be no going back...eventually we would have been forced to join the single currency too.

    Maybe we had to experience the marriage before we could appreciate the divorce.

    Peter Shore in 1975...sounds familiar doesnt it....

    " The message that comes now is.. FEAR !..FEAR !.FEAR !...fear because you won't have any food...fear of unemployment...fear that we've somehow become so reduced as a country that we can no longer as it were..totter about in the world independent as a nation...and a constant attrition of our morale..a constant attempt to tell us that what we have and what generations of Englishmen have helped us to achieve is not worth a DAMN !... "

     

    “If you cannot get rid of the people who govern you, you do not live in a democratic system,” ...Tony Benn.

    Happy new year dr B.

    I hope it's a good one for you.

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