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Post by Deleted on Jan 28, 2021 12:41:34 GMT
You want be a winner Markus? Then be a CUNT.
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Post by cousinlou on Jan 28, 2021 12:42:23 GMT
As I said before, RISK is difficult to understand. Market manipulation is the practise of trying to mitigate your risk. That is not what these guys have been doing from what's in the article though. Market manipulation is hard to prove for authorities and even harder to deny for those that are accused of it. From my own experience: I headed the commercial department in a big dairy trading company. One of the guys that worked for me was in The US where he handled our Dairy Futures and Options portfolio on the CME. At one time he had gone short massively when nobody else did. A few months later the cash came rolling in as indeed the futures he had gone short in started to tumble. Fast forward 6 months. I got a visit from 4 officials from The U.S. Commodity Futures Trading Commission (CFTC) accusing the company of market manipulation. I can put my hand in the fire this was not the case. So I explained them that we had practised trading just like every other company. They weren't having it. The long and short of it is they were going to press charges but could offer us a way out by paying $ 1.5 million. You need to understand that CFTC have hundreds of layers at their disposal at $ 80K a year where we would have to contract a good law firm at a minimum of $ 1,000/hour. We did not need to think long about that and accepted their proposal as this was cheaper than having to go to court and we didn't really need the bad publicity either. Plus, we realised innocence is hard to prove. Did the guy keep his job as a matter of interest. Yes. I knew he was innocent of manipulation and so was our CEO. (although I would have fired him without objection if he hadn't been such a good trader as apart from that he was an utter cunt.)
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Post by Deleted on Jan 28, 2021 12:42:50 GMT
You want be a winner Markus? Then be a CUNT. ......well i've been waiting about 15 years in that case, when does the "winning" start?
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Post by cousinlou on Jan 28, 2021 12:47:05 GMT
Can someone explain in layman terms why a bunch of novice people buying stock in a nearly deducted company like gamestop is a big deal? Here's a simple explanation:
Was this for distribution in kindergartens? 'Borrow a stock'
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Post by Deleted on Jan 28, 2021 12:49:09 GMT
I thought it was a clear explanation for the layman. Is it inaccurate?
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Post by Deleted on Jan 28, 2021 12:58:14 GMT
So is there everyday people like ourselves that have use these investment companies to try maximize what savings they have? Fuck the gekko motherfuckers losing money, do the 'innocent' people get fucked as well due to this? Using investment companies or not.
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Post by Half Machine Lipschitz on Jan 28, 2021 13:00:11 GMT
So is there everyday people like ourselves that have use these investment companies to try maximize what savings they have? Fuck the gekko motherfuckers losing money, do the 'innocent' people get fucked as well due to this? Using investment companies or not. Our esteemed leader, Sir Johnny Coan, is one such “everyday person”.
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Post by Mr. FOLLARD on Jan 28, 2021 13:09:47 GMT
No, no, not at all! by no means!
Right now I've got holdings in Santander and Royal Dutch Shell. The latter have lost a lot of their value over the last 12 months. The whole lot isn't worth more than what most of you earn in a month.
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Post by Deleted on Jan 28, 2021 13:09:56 GMT
So is there everyday people like ourselves that have use these investment companies to try maximize what savings they have? Fuck the gekko motherfuckers losing money, do the 'innocent' people get fucked as well due to this? Using investment companies or not. Our esteemed leader, Sir Johnny Coan, is one such “everyday person”. He's hardly operating a hedge fund Harv!
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Post by Deleted on Jan 28, 2021 13:12:51 GMT
No, no, not at all! by no means! Right now I've got holdings in Santander You sick sick bastard
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Post by Deleted on Jan 28, 2021 13:15:48 GMT
No, no, not at all! by no means! Right now I've got holdings in Santander and Royal Dutch Shell. The latter have lost a lot of their value over the last 12 months. The whole lot isn't worth more than what most of you earn in a month. Satander stocks have been falling for years as well
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Post by tory on Jan 28, 2021 13:21:35 GMT
So is there everyday people like ourselves that have use these investment companies to try maximize what savings they have? Fuck the gekko motherfuckers losing money, do the 'innocent' people get fucked as well due to this? Using investment companies or not. Yes. My holding was up by 27% in December after starting in April 2020. I had a good initial year. I've invested in biotech, mining, gas and gaming mainly. It is now around 19% as things are particularly volatile at the moment. However, compared to what I would have got in a savings account of around 3% at the moment, I'm doing OK. It's not the majority of my capital by any means, but I will add more as and when. An aim is to be able to make enough profit to take the family to Japan for a once in a lifetime no expense spared holiday. A week ago I nearly squeezed the trigger on a share that had doubled in value in a month to provide the majority of the funding for it. I relented, thinking that I'd hold longer and now it's dropped 70%. Still 30% up, but it shows the vagaries of the market. The big difference between the Gecko days is that you buy and sell shares yourself. A website takes a brokerage fee, but the days, at least in the US, of people talking up stocks to you over the phone for them to buy on your behalf have been profoundly changed by the Internet and real time prices.
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Post by Deleted on Jan 28, 2021 13:28:45 GMT
So while the cunts of wall street are losing out, so are civvies who are just trying to earn a little more. There's always an innocent group that get fucked over when money like this is involved.
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Post by cousinlou on Jan 28, 2021 13:32:59 GMT
I thought it was a clear explanation for the layman. Is it inaccurate? No it is clear I'd say. Just had to giggle about the wording 'borrow a stock'. Of course, it's been illegal for some time now but mostly traders don't go and 'borrow a stock' but rather go short 'naked' I have never really seen the issue they were meant to address by forbidding naked short positions anyway. I think it was a way of keeping small investors out of the market.
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Post by sloopjohnc on Jan 28, 2021 13:33:38 GMT
Now's not the time to invest in Gamestop or AMC.
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