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01-29-21, 07:43 PM | #1 | |
Grey Wolf
Join Date: Sep 2011
Posts: 955
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The hedge funds, perhaps shouldn't have tried to ruin gamestop by betting the price would tumble (and having friendly analysts badmouth the company in the media to make the price tumble). People figured out their scam and countered it. Perhaps, the market shouldn't allow shorts to begin with. The whole intent of the stock market was to allow business to offer a piece of a company to someone willing to take the chance that their money infusion would allow the company to expand and build. Now, there's this perversion of the market that makes it attractive to short stock, manipulate the market to make the price tumble, and then swoop in to swap out the management, sell off pieces, fire all the employees, and wrap the debt up into a bankruptcy action. Don't get me wrong, eventually the price will tumble and some fool will be left holding the bag, but this isn't a pump-n-dump. |
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01-29-21, 01:53 PM | #2 | |
Chief of the Boat
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Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim) |
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01-29-21, 04:56 PM | #3 | |
Sea Lord
Join Date: Apr 2006
Location: CA4528
Posts: 1,675
Downloads: 3
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"You may not be interested in war, but war is interested in you" - Leon Trotsky |
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01-29-21, 05:06 PM | #4 |
Born to Run Silent
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01-29-21, 05:44 PM | #5 |
Soaring
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Hedge fonds bitching about Reddit can cry me a river:
https://edition.cnn.com/2021/01/29/i...eet/index.html
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If you feel nuts, consult an expert.
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02-10-21, 10:03 AM | #6 |
Born to Run Silent
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Blast, my OLN stock has tripled and is still going up.... but I have 4 weeks until I can sell if I don't want to take a short term capital gain. Gonna be so unhappy if the price craters.
Meanwhile: 'Big Short' investor Michael Burry says Tesla's $1.5 billion bet on Bitcoin was a distraction - and Dogecoin's record price signals a massive bubble |
02-12-21, 01:06 PM | #7 |
Rear Admiral
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(Kitco News) - The gold market continues to shine as an alternative monetary asset, with more than just investors embracing the precious metal as a hedge against debased currencies.
Thursday, Idaho State House approved a bill that enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver. House Bill 7, the Idaho Sound Money Reserves bill, found overwhelming support in the House, passing by a 51-19 vote. The bill will now head to the Idaho Senate for a hearing, which is expected to start as early as next week. According to the bill, the proposed legislation would permit – but not require – the State Treasurer to hold some portion of state funds in physical gold and silver to help secure state assets against the risks of inflation and financial turmoil and/or to achieve capital gains as measured in Federal Reserve Notes. https://www.kitco.com/news/2021-02-1...isk-hedge.html
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Guardian of the honey and nuts Let's assume I'm right, it'll save time. |
03-01-21, 03:29 PM | #8 |
Born to Run Silent
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Olin hit $33 last week. Even Exxon is showing signs of life.
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SUBSIM - 26 Years on the Web |
03-05-21, 04:14 PM | #9 | |
Born to Run Silent
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The Next U.S. Oil And Gas Boom Suddenly Looms On The Horizon
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Yes! Let the good times roll. |
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market, stock, stocks |
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