SUBSIM Radio Room Forums - Stock Market update: Everybody panic!

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Stock market has gone crazy, the EU market has been battered and now the US market, Covid-19 is a lot to blame but also in the US market the elections are playing a part.
I was on a forum and some guys have lost thousands today, one guy said he lost £3.5K he has finished, he's devastated.

I just drew out most of my money, I left some in to tick over plus I sold almost all of my shares bar a couple that I'll sit on till all this is over, if and when.

"The market can remain irrational longer than you can remain solvent" :03:

Well it is no laughing matter, on one forum I was on some people have lost hundreds and some thousands, it has ruined one guy that came on.

Yet there were some people gloating, saying things like "Whoopee now is the time to buy with all these low prices."

Some things were on the slide but this time a lot have plummeted all at once and without much warning, my account was in the green, not by much but OK, then in a matter of a few minutes it went in to the red, all my stocks except for one went in to a deficit, I sold them all and suffered the loss.
I didn't lose that much seeing as I hadn't bought in the hundreds.

Such are the risks and precisely why I am fully invested in fixed term, fixed interest accounts.

The rates are nowhere near what can be achieved in stocks and shares but on the plus side you are guaranteed a return on your investment.

My ISA's tied up for five years are paying 3% tax free and that'll do nicely thank you.

I invest all of my money in Real Estate and Agriculture.

I pay my mortgage and buy groceries.

Quote:

Originally Posted by Col7777 (Post 2703419)

Laughing? I'm not laughing. In fact as an investor I really don't have one ounce of care one way or the other. I'll take everything you own and I won't lose a wink of sleep over it.

You need to look at more than just a green or red light on your trading app. Unless you invested in some fly by night operation dont panic and sell off at a lose every time the market takes a down turn. You'll never make any money doing that. If its a strong company it'll bounce back. Those that can afford to average down or have the patience to hold are usually rewarded.

30,000 and climbing. Go, Biden, go!

Sheesh, even my languishing Exxon stock is going vertical. Now I just need someone with a time machine to tell me exactly when to sell.

Come on Neal you know by now that the big boys make money off of fear :o

Buy low sell high :yep:

Yeah, but where is "high" ?

^ I say you need a six sense.

A share has it's top doesn't matter which share it is, everyone has it's max top thereafter it either flatten for a while and perhaps make another turn up or most likely heading downwards how steep depends on many factors.

Markus

Quote:

Originally Posted by Onkel Neal (Post 2709049)

Yeah, but where is "high" ?

I know it's hard to figure out, but the end of the year is coming and the highs now may not be the highs then.

Look at this Senator's track record :o

https://www.msn.com/en-us/money/mark...?ocid=BingNews

Senator David Perdue, a Georgia Republican for the second time in less than two months, Perdue's timing was impeccable. He avoided a sharp loss and reaped a stunning gain by selling and then buying the same stock: Cardlytics, an Atlanta-based financial technology company on whose board of directors he once served.

Quote:

On January 23, as word spread through Congress that the coronavirus posed a major economic and public health threat, Perdue sold off $1 million to $5 million in Cardlytics stock at $86 a share, according to congressional disclosures.

Weeks later, in March, after the company's stock plunged following an unexpected leadership shakeup and lower-than-forecast earnings, Perdue bought the stock back for $30 a share, investing between $200,000 and $500,000.

Those shares have now quadrupled in value, closing at $121 a share on Tuesday.

Quote:

Originally Posted by Onkel Neal (Post 2709049)

Yeah, but where is "high" ?

It's quite simple really. Just get yersel one of these :O:

https://i.postimg.cc/bJDgmJc1/crysta...nds-lg-clr.gif

Man, this is cRazY!! :o:o:o

https://www.barrons.com/articles/how...op-51611772532

Quote:

At $330 a share, GameStop’s (ticker: GME) market capitalization was north of $23 billion, a leap from less than $300 million six months ago.

Never seen anything like this

https://finance.yahoo.com/news/what-...162734056.html

Quote:

The chatter about video game retailer GameStop (GME) and traders on Reddit has been bubbling over the past week and finally spilled over from the finance world to the mainstream. Here’s what’s happening:

What or who is ‘WallStreetBets’?
WallStreetBets is actually “r/wallstreetbets” and it’s a forum or “subreddit” on the popular website Reddit, which is a social platform and discussion group that also rates web content.

Essentially, it’s a group of people who enjoy talking about investing and often, speculative investing. Given that it’s on Reddit, it is accompanied by traditional Reddit-house style, which often includes profanity, irony, and a tremendous dose of memes.

Why GameStop?
One Wall Street Bets user made the case for the stock as a value investment, which means that this user viewed the stock as being more valuable than the stock price indicated. The case for buying a stock, the user wrote, had nothing to do with a turnaround in the company’s business, which has suffered during the pandemic.

So what happened to GameStop?
Many people bought into this logic. At the same time, a few hedge funds — professional investors with billions of dollars under management — were selling the stock short, betting it would go down.

So while short sellers were betting it would go down, the Wall Street Bets community started buying GameStop shares, taking the other side of the bet. In this tug of war, the stock price started to rise — and quickly. At least in this instance, the Reddit community proved to be more powerful than the short seller establishment.

So, some people finally figured out a way to use soicial media to create artificial fluctuations... on a massive scale haha, so, if you had $100 of GameStop stock last summer, it's now worth ~$ 6000.

Oh man, what's next?

https://www.youtube.com/watch?v=0_WfgypPz9Q

dance to the tune of economic decline (where used to it up North)
Is when you do the bottom line
Nagging questions always remain
Why did it happen and who was to blame?
When you reach the bottom line
The only thing to do is climb
Pick yourself up off the floor
Don't know what you're waiting for

Take a leaf out of blackswan40's book n Listen to Big Audio Dynamite
https://www.youtube.com/watch?v=4V5Zoe84BjE

Everything looks better after a bacon buttie n a pot of tea :yep: