Greggs
Well-Known Member
i added to my apple holdings yesterday. Massive sell the news and i love buying a dip! Markets are utter madness. I'm in long on 3 APPL AMZN and CGC. I want to get rich the fair way, none on this pumpy dumpy shit!
i added to my apple holdings yesterday. Massive sell the news and i love buying a dip! Markets are utter madness. I'm in long on 3 APPL AMZN and CGC. I want to get rich the fair way, none on this pumpy dumpy shit!More telegraph
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Dogecoin, a digital currency that started out as a joke, has soared 369pc in the past 24 hours as Reddit investors pour into the digital asset.
The crypto now has a total value of $6.69bn with each "Doge coin" valued at $0.052223 (£0.037810) as of 8.48am, according to figures from CoinDesk. Doge briefly spiked over 800pc to $0.40 at around 3.25am before crashing heavily into negative territory.
Created in 2013, the Dogecoin currency was based around the popular Doge meme, which featured a picture of a Shiba Inu. Its recent resurgence is believed to have begun after members of the subreddit r/SatoshiStreetBets began posting about getting it up to a $1 valuation, inspired by the recent Redditor-led charge on GameStop stock.
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Time to head for the exits....
Spend all night reading about Lego. Unless you can get a 'trendy' set that's about to retire, it's a tricky way to make decent money. I guess you'd have to be lucky at second hand shop and car boots, as a decent price is already priced in on ebay etc
Pay day, decided to throw this months fun money on some meme stocks for the lols, and because I’m thinking about trying to get in seriously at some point and want to figure out how it all works.
Signed up for a Revolut account, but says I can’t trade until my application is reviewed. Any one else used this and got any idea how long it takes?
How long did it take for your Revolut account to be approved ShmmeeeNever mind just got approved.
Am now the proud owner of 0.17 GameStop stonks (well when the market opens). Much portfolio, such invest. Wow
Mate, glad you're ok. Thought you were dead lolDon't bother with Lego imo,
All the smart money is Pokémon cards, Ive been buying up booster boxes for months at RRP and flipping them, can get close to double the RRP already. The new sets are already vastly underprinted, and won't be receiving a reprint any time soon, throw in that it's the 25th anniversary this year and the prices are only going one way.
NoFuck it, going in £1000 on GME when the market opens
Haha why not Greggs, not feeling it will go up much more? As a complete newbie what do you think is a good amount to start with in trading general stocks. £50?
Never a good idea to chase moneyHaha why not Greggs, not feeling it will go up much more? As a complete newbie what do you think is a good amount to start with in trading general stocks. £50?
Out of curiosity what trading platform do you use? Want something I can use on my mobile.Never a good idea to chase money
Aj Bell.Out of curiosity what trading platform do you use? Want something I can use on my mobile.
Fuck it, going in £1000 on GME when the market opens
Mate, glad you're ok. Thought you were dead lol
It's good to hear from you pal! Glad all is well!!Haha, cheers mate, unfortunately nothing that exciting.
brave man - good luck! I remember a lad - not too bright - used to buy drugs off Silk Road using BitCoin about 10 years ago. I always wonder if he kept some in his wallet for a rainy day!Getting into bitcoin now has to be worth it - massive herd behaviour, who knows where it could be before it all crashes. Up 13% on the expectation. If I could be bothered to register, would buy some myself.
you'd have lost 30% so farFuck it, going in £1000 on GME when the market opens
brave man - good luck! I remember a lad - not too bright - used to buy drugs off Silk Road using BitCoin about 10 years ago. I always wonder if he kept some in his wallet for a rainy day!
pre-market action killed any hope of a run today mate. I wish this sort of shit wasn't happening - i thought the markets would settle after the US elections.Don’t buy fucking meme stocks for profit guys!
I’ve put £50 for shits and giggles and to be in on the meme. And to see how the app and everything works for when I want to do it properly.
Revolut took a couple of hours to approve.
Getting into bitcoin now has to be worth it - massive herd behaviour, who knows where it could be before it all crashes. Up 13% on the expectation. If I could be bothered to register, would buy some myself.
Just been reading an interesting article about how shorters profit from the robinhood herd.
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The most recent study, “Attention Induced Trading and Returns: Evidence from Robinhood Users,” was published in October and examined trading activity of Robinhood from May 2, 2018, to Aug. 13, 2020. They particularly studied “extreme herding events,” where Robinhood traders crowded into particular stocks.
They concluded that during these extreme “herding events,” “the top 0.5% of stocks bought by Robinhood each day experience return reversals on average of approximately 5% over the next month whereas the more extreme herding events have reversals of approximately 9%.”
The conclusion: “Large increases in Robinhood users are often accompanied by large price spikes and are followed by reliably negative returns.”
Why did that happen? The authors noted that most Robinhood investors are inexperienced, so they tend to chase performance. The layout of the app, which draws attention to the most active stocks, also causes traders to buy stocks “more aggressively than other retail investors.”
Finally, the ease of use of the site, and the fact that it is commission-free, may also encourage trading. “As evidenced by turnover rates many times higher than at other brokerage firms, Robinhood users are more likely to be trading speculatively and less likely to be trading for reasons such as investing their retirement savings, liquidity demands, tax-loss selling, and rebalancing.”
Why do stocks that spike when Robinhood traders pile in so quickly drop off? In addition to reversion to the mean, the authors suggest that short sellers are perfectly aware of Robinhood trading patterns. “These reversals seem to be well known as stocks Robinhood users herded into attracted significant short interest,” they wrote.
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who's shorting who?
Not sure any of those are equivalent to GME though, which is spectacularly over shorted it seems. Even the other joke stocks like AMC and BB aren’t of the same ilk. It’s a once in a lifetime event to hear them say it.
Obviously any random stock that gets bumped by social media will return to the norm, but that’s not what’s happening here.
there are plenty of FOMO stocks that the robinhooders chase too, normally speculative ones that they think will hit 10x the second they throw money at it.Not sure any of those are equivalent to GME though, which is spectacularly over shorted it seems. Even the other joke stocks like AMC and BB aren’t of the same ilk. It’s a once in a lifetime event to hear them say it.
Obviously any random stock that gets bumped by social media will return to the norm, but that’s not what’s happening here.
selling 'safe' investments to fund this! It's madness. I'm fearing a market crash.A lot of alarming activity in the market since the gamestop issue with people thinking they can turn £50 to £1m over night.
usually insiders grab at the IPO and drive it up, let it simmer for a while. Same as AirBnB recently. Good market to be investing in though mateAlways the question, struggle to get a quote on the first day, or wait until it's done a shed load of placings, then buy
Vaporiser maker to be first medical cannabis firm listed in London
Kanabo issues prospectus for London Stock Exchange after clearance from FCAwww.theguardian.com
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