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Post by Deleted on Jan 28, 2021 13:44:28 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. What does 'short naked' mean?
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Post by Half Machine Lipschitz on Jan 28, 2021 14:07:25 GMT
Don't go there, G.
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Post by Deleted on Jan 28, 2021 14:10:27 GMT
Well if I get arrested for walking around naked in the Stock Exchange, I'll show them this thread and blame Robert. I'll get in touch with those American guys that investigated him before, they don't like him!
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Post by Mr. FOLLARD on Jan 28, 2021 14:11:07 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 They're doing OK
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Post by Deleted on Jan 28, 2021 14:15:02 GMT
Satander stocks have been falling for years as well They're doing OK I had a load that I was given for free when they bought Abbey National. My mum bought them off me cheap but since then she's been bemoaning how low they've gone. I'll tell her the good news!
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Post by Deleted on Jan 28, 2021 14:35:24 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. As someone who's best friend has recently retired from Santander (he was very high up) my advice is (as he put it) get the fuck out of there. He was not allowed to divulge why. He cut everything loose from them.
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Post by Mr. FOLLARD on Jan 28, 2021 14:40:16 GMT
Well there's been an upward trend for the last 10 months, as you can see, so I'm holding on for a while.
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Post by Deleted on Jan 28, 2021 14:44:04 GMT
Up to you Johnny, he was tied into them with stocks n shit and (I assume) because he was privvy to future plans he dumped everything he could as soon as he could. My other friend who worked with him did the same thing. Confidentiality breach means they won't tell me why.
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Post by cousinlou on Jan 28, 2021 14:55:45 GMT
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. What does 'short naked' mean? Like in real life : uncovered. By implementing a law that you have to 'borrow' the stock from a broker the Man has ensured that the Broker will do a credit check on the customer if they are good for the money when the shit hits the fan. Any private investor could previously go short 'naked'. If then the market went up instead of down, they didn't have the money to deliver on their sale which, obviously, seriously disturbed the market. The law was implemented in the US just before or during the financial crisis on 2008/2009 Of course the risk was not restricted to just private investors but also to bigger firms that could go massively short and when the market turned it could bankrupt them. In real life with professional traders there are few fans of the phenomena of going short.
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Post by Deleted on Jan 28, 2021 14:59:38 GMT
Cheers!
Makes sense. There's that film about hedge funds starring Brad Pitt and I remember there were some student types in that that had difficulty in getting any broker to accept them, they achieved it in the end through some nefarious scheme I can't remember.
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Post by Deleted on Jan 28, 2021 15:00:53 GMT
What happened to the investors that took advice before the financial crisis of 2008/9. I assume they were warned ?
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Post by cousinlou on Jan 28, 2021 15:03:52 GMT
What happened to the investors that took advice before the financial crisis of 2008/9. I assume they were warned ? Like from wanking, you get deaf from greed.
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Post by cousinlou on Jan 28, 2021 15:05:23 GMT
Cheers! Makes sense. There's that film about hedge funds starring Brad Pitt and I remember there were some student types in that that had difficulty in getting any broker to accept them, they achieved it in the end through some nefarious scheme I can't remember. Moneyball?
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Post by Deleted on Jan 28, 2021 15:05:26 GMT
What happened to the investors that took advice before the financial crisis of 2008/9. I assume they were warned ? Like from wanking, you get deaf from greed. Funny, it made me go blind.
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Post by cousinlou on Jan 28, 2021 15:06:48 GMT
Cheers! Makes sense. There's that film about hedge funds starring Brad Pitt and I remember there were some student types in that that had difficulty in getting any broker to accept them, they achieved it in the end through some nefarious scheme I can't remember. Moneyball? No, The Big Short probably.
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