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Greggs

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May 8, 2012
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Always the question, struggle to get a quote on the first day, or wait until it's done a shed load of placings, then buy

The CEO looks fairly educated :)
 

Greggs

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May 8, 2012
4,654
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@dubed lots of potential of being swiped up by one of the big Canadian firms too. I'm on this at IPO i think :)
 
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Deleted member 4439

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selling 'safe' investments to fund this! It's madness. I'm fearing a market crash.
I started liquidating last week. The first lot before the slide, and admittedly much of the other on the downside; but that's okay, I'll take profits and see what happens. And if some of my future profits go the next man, it'll be payment for less stress. (As well as holding a cash multiplier should my bet turn good). Risk reward, Rodney, risk reward.

Keeping a few to hedge. Meanwhile, I'll focus on my coffee ETF and one or two very short term trades on aim stocks.
 
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@dubed lots of potential of being swiped up by one of the big Canadian firms too. I'm on this at IPO i think :)
I looked at the early cannabis US companies several years ago, as well as graphene before the reality of what it is today. Didn't take a punt, besides which the wheat will have been sorted from the chaff now.

I was aware of Kanaboo some time ago, when I inadvertently came across the cash shell that it's reversing into, SOP, but it's going to be all over twitter and the boards soon. The problem with the first day could be that the MMs will be facing a lot of volatility - only a 92m float I think - meaning that the price could be spiking all over the place.

Likely will have to pay at least 20% over the listing price, at least. Then it will quieten down, followed by dilution before the roll-out of plans. It's another one of them...
 
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Deleted member 4439

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Just been looking at the SLV feed on my etoro. For those that don't know, SLV is one of two spread betting tags that the herd on trying to get in on.

"$SLV Can anyone tell me how to buy silver on here?"

"What does the leverage mean on here. Like x1 x10 leverage and so on? "

" $SILVER Guys when can I open a trade on $SLV $SILVER GMT time? Just that I want to jump on this "

" $PSLV Hi guys! Can I use stop loss on $PSLV $SLV $SILVER? I don’t see the option. And for $SILVER minimum is 1000 USD, if I have only 500 USD, how should I proceed? Thank you so much! "
(deafult screen shows 1000, with minus and plus signs either side for adjustment...)

" would you advise to places orders now ( $SILVER $PSLV $SLV) or wait until the market opens (10 am EET, of I got it correctly) ? "

" I officially declare that I do not want my position on , $SILVER , $SLV , $PSLV (or any other stock) to be closed by anyone except me with my own hands by clicking the “Close Trade” button and I do not want you to do it, no matter what happens to the stock, without my consent. I understand my risk and I do not want to be “saved” by your actions in case of a downward trend of the stock. Legal action will be taken if you close my trades. A screenshot of this declaration and my open positions has been sent to prevent fraud."
(i.e. total failure to understand the concept of a stop-out followed an unanswered margin call.)


Remember 2008, when ordinary folk couldn't pay the interest on their mortgages, anyone?
 
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dutchman

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Mar 6, 2010
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Spon End
I planned to buy some physical silver as a long term investment but the dealer's markup is around 50% so it would be a long time (normally) before I even broke even.
 
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I planned to buy some physical silver as a long term investment but the dealer's markup is around 50% so it would be a long time (normally) before I even broke even.
The problem with buying physical silver is that it attracts VAT, so that's 20% (including that on the premium) that you have to make up right from the start. Gold has no VAT, though because of premiums I wouldn't buy anything less than half an ounce at a time, preferably 1oz. A long term investment, given its highs and lows.

Lots of people piling into junior miners, esp silver today, and will be burnt. Still, kicking myself that I couldn't be bothered to find on on friday!
 

Sbarcher

Well-Known Member
Mar 23, 2011
2,824
1,730
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Oxford
I planned to buy some physical silver as a long term investment but the dealer's markup is around 50% so it would be a long time (normally) before I even broke even.
Me too. Moved to a smaller house last year and some money in the bank! Even thought about a 1kg gold bar at £27,000 at the time but was put off by the buy/sell spread on it, and it also looked like it might be topping out. Would still have made a good return if I had proceeded, now running at £45,000+.
 

Greggs

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May 8, 2012
4,654
3,732
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Looking like FAANG will recpover today, up nicely pre-market. Good luck all
 

shmmeee

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Jul 11, 2011
34,143
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313
Coventry, United Kingdom, United Kingdom
Wonder what all you serious investors think about major changes to the stock market?

This whole thing has big Napster/Bitcoin vibes to me, meaning some decentralised system is coming to disrupt the old monopoly powers. Lots of talk of a decentralised stock exchange.

The response from finance seems identical to how it was from music execs/banks/property before. I’ll be keeping an eye out after passing on all the tech trends I saw coming up before. If all this feeling coalesces around an open alternative, no matter how far it seems from reality, I’ll be betting on that.
 

SBT

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Sep 14, 2012
1,905
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Wonder what all you serious investors think about major changes to the stock market?

This whole thing has big Napster/Bitcoin vibes to me, meaning some decentralised system is coming to disrupt the old monopoly powers. Lots of talk of a decentralised stock exchange.

The response from finance seems identical to how it was from music execs/banks/property before. I’ll be keeping an eye out after passing on all the tech trends I saw coming up before. If all this feeling coalesces around an open alternative, no matter how far it seems from reality, I’ll be betting on that.
I think it's a lot easier to overhaul the music industry than it is the financial industry, which is orders of magnitude larger and more powerful, and offers huge risks to investors in ways that other industries don't. The appetite to spend all day on RobinHood is going to disappear quite quickly for the casual investor during the next prolonged market correction, and without them I don't see how retail trading flows can come close to rivalling Wall Street's.

The technology itself can certainly be transformative, but it doesn't necessarily mean the future is decentralised. You mention Napster, but the music industry is arguably more centralised than ever - Napster changed the model, but now everything just goes through a handful of relatively new companies like Spotify and Apple instead.
 
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shmmeee

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Jul 11, 2011
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I think it's a lot easier to overhaul the music industry than it is the financial industry, which is orders of magnitude larger and more powerful, and offers huge risks to investors in ways that other industries don't. The appetite to spend all day on RobinHood is going to disappear quite quickly for the casual investor during the next prolonged market correction, and without them I don't see how retail trading flows can come close to rivalling Wall Street's.

The technology itself can certainly be transformative, but it doesn't necessarily mean the future is decentralised. You mention Napster, but the music industry is arguably more centralised than ever - Napster changed the model, but now everything just goes through a handful of relatively new companies like Spotify and Apple instead.
Ah but both Spotify and Apple are infinitely more open than the record labels that went before them.

I agree it’s the biggest target so far, and the most entrenched, but people + technology topples dictatorships every time, even if those dictatorships learn to harness the new mode eventually.

Banks and countries have tried to create their own currencies to “own” the blockchain on crypto, but none work because it defeats the point of a decentralised ledger. I’ve seen the same thoughts in property about blockchaining the Land Registry (which is a research project LR are doing), but that’s based in an actual monopoly (U.K. Gov decides who owns what in the U.K.).

Seems to me stocks and shares are a lot more like currency: no real underlying monopoly other than capability to run the network. Decentralise the network and all that’s left is reputation. Which an incident like throttling retail buys to fiddle the market can destroy.

I’m betting 5-10 years from now we’ll see a serious challenge to the legacy stock markets and companies floating on some blockchain based market. It’ll be seen as a joke at first, but a decade later will be a serious player and those in on the ground floor will do very well.
 

dutchman

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Mar 6, 2010
3,992
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Spon End
I remember the last campaign to short-squeeze the silver market (during Occupy Wall Street) it didn't end well for silver investors. Max Keiser has conveniently forgotten his part in it.
 

shmmeee

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Jul 11, 2011
34,143
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Coventry, United Kingdom, United Kingdom
I remember the last campaign to short-squeeze the silver market (during Occupy Wall Street) it didn't end well for silver investors. Max Keiser has conveniently forgotten his part in it.
I honestly don’t k ow where this has come from. The financial news are all reporting “r/wallstreetbets are trying to squeeze silver” but literally no one on r/wsb is talking about anything but GME. Very weird.
 
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Deleted member 4439

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I'm now the proud owner of 0.007471 units of BTC, having watched it grow from 50 dollars a coin, before somebody found a way that didn't require downloading tor and dealing with somebody even dodgier than whoever's holding my BTC at etoro.

It's worth registering with etoro alone to watch the car crash of totally ignorant traders doing GME. Loads of people firing off angry posts and email to etoro saying that their money has been taken because their position has been closed without them agreeing to it (i.e. they obs. failed to answer or watch their margin call). Down 33% as I write and currently sliding quick, though still volatile.
 
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Covstu

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Aug 17, 2008
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Costa del Cov
I'm now the proud owner of 0.007471 units of BTC, having watched it grow from 50 dollars a coin, before somebody found a way that didn't require downloading tor and dealing with somebody even dodgier than whoever's holding my BTC at etoro.

It's worth registering with etoro alone to watch the car crash of totally ignorant traders doing GME. Loads of people firing off angry posts and email to etoro saying that their money has been taken because their position has been closed without them agreeing to it (i.e. they obs. failed to answer or watch their margin call). Down 33% as I write and currently sliding quick, though still volatile.
GME is a bit like Wasps, I’m enjoying the misery when it fails
 
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I honestly don’t k ow where this has come from. The financial news are all reporting “r/wallstreetbets are trying to squeeze silver” but literally no one on r/wsb is talking about anything but GME. Very weird.
Well, I've seen that line coming out of WSB, and frankly I don't buy it - I saw loads of stuff on there from late Weds (when I happened to look) onwards, and it was all over the board on Friday. In fact, I'm a bit p*ssed as I was in two minds of buying UFO (an AIM silver miner) on Friday. Naturally, it spiked over 25% today before trapping in the herd at 8% up.

The storyline now being trotted out is that it was an institutional fake ramp - well, I'm not going to step easily into some david icke-esque conspiracy theory. It simply that folks are panicking that it might split the herd who are looking to lose their money on spread bets when they ain't got the scoobie.

I don't even buy the GME line of the private pi millennial vs insts/boomers either. The facts are that whilst a couple of hedge institutions have lost big time over this, other institutions holding GME or holding debt for equity have made the same and possibly more - including Barclays who were utter bastards in exploiting the 2008 credit crunch, deliberately foreclosing many small business and property holders.

This was a technical situation that very clever people saw to exploit, and a storyline was developed by others to promote it.
 
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Greggs

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May 8, 2012
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Here's my moan of the day, got to get it of my chest! Sold Virgin Galactic after its last failed test flight. It popped yesterday 30% and will run more. Price is too high for me to get back in. I like the concept of Space Travel, but i'm not to keen on Virgins services (TV Train). Feel a bit sick though, successful test flight and it will multiply :(
 
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Here's my moan of the day, got to get it of my chest! Sold Virgin Galactic after its last failed test flight. It popped yesterday 30% and will run more. Price is too high for me to get back in. I like the concept of Space Travel, but i'm not to keen on Virgins services (TV Train). Feel a bit sick though, successful test flight and it will multiply :(

I'm the worse at not letting things run, the worse. On the flip side, I'm able to cut my losses early.
 
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Greggs

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May 8, 2012
4,654
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I'm the worse at not letting things run, the worse. On the flip side, I'm able to cut my losses early.
certainly one to learn from. If i was so keen to invest after my initial DD i should have just held. Its all learning and ive only been at it a few years!
 

shmmeee

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Jul 11, 2011
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Coventry, United Kingdom, United Kingdom
certainly one to learn from. If i was so keen to invest after my initial DD i should have just held. Its all learning and ive only been at it a few years!
Just a noob reading up on strategy and stuff but saw a quote from Warren Buffett that resonated: something along the lines of “buy stock that if you were locked away for ten years with no access to your broker you’d be happy to hold”.
 
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Deleted member 4439

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Turns out this was a great way to end up with a few hundred quid (so long as you invested £1000 to start with)
$GME (GameStop Corp New) Im stuck at 359 so what im gonna to do! We going down really bad... should i sell?

I have to understand. So if hedgies are manipulating stock Buy trading shares back and forth to make the price drop, where is the limit they Cant make the stock price drop any lower?

How should I do? Its my all money
[Screen grab shows losses of $12000)


154 pre-market, though no doubt there will be a dead cat bounce.
 
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FUNDING
Decentralised Trading Platform

hxxps://www.indiegogo.com/projects/decentralised-trading-platform--2#/

Failing to link, so replace the xx's with tt.
 

shmmeee

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Jul 11, 2011
34,143
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Coventry, United Kingdom, United Kingdom
Interesting

Revolut
Trading Update for GME & AMC​
Hi Shmmeee,
From today, we will only be able to facilitate the selling of GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) stocks for the time being. Unfortunately, our broker-dealer in the US, DriveWealth, can no longer offer Buys on these stocks due to increased capital requirements set by the Depository Trust Company (DTC) in the US.
What does this mean for me?
You can only sell out your existing holdings in these stocks. Any outstanding buy orders on these two symbols made after Monday’s (1 February) close will automatically be cancelled prior to market open on February 2 2021.
None of our other stocks are affected at this time and are available to trade as normal.
For customers with no holdings in these 2 stocks, neither GME, nor AMC will appear when searched. This is a standard practice when a position moves to sell only, as we don't want to show you stocks you’re not able to buy at that time. As soon as they become available to buy again, you’ll be able to see them in the app.​
Why is this happening?
When a stock is traded, it takes two days for the proceeds to go from the broker to the clearing house. This is known as T+2 settlement. Within this time, the clearing house requires the broker to front cash or capital guarantees to ensure funds are available through the settlement process.
The required amount of capital is usually around 10-15% of the value of a security’s holdings on broker’s books. However, this percentage can vary based on stock volatility. In the case of GME and AMC, the DTC has enforced an increase of capital requirements by 250% upon DriveWealth’s clearing partners.
This increase means that DriveWealth is now obligated to restrict trading in GME and AMC, as each stock has its own capital requirement rather than a broker wide requirement.​
When will they be available again to buy?
This is not a decision Revolut has made, simply one that we are obligated to carry out. We are monitoring the situation very closely and will update you when our partner, DriveWealth, re-enables Buys for GME and AMC. We apologise for any inconvenience caused.
Team Revolut​
Capital at Risk
The value of a stock may fall as well as rise and you may get back less than what you initially paid, and in some cases the stock may lose its entire value and you may lose your initial investment. This is not investment advice. It is strongly recommended that you seek professional investment advice before making any investment decision.
Disclaimer: Revolut Trading Ltd. is an appointed representative of Resolution Compliance Ltd which is authorised and regulated by the Financial Conduct Authority (FRN:574048).​
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