Stocks & Shares

[Ash]

Do we have any investors here?

I've started learning about it and am currently investing in GameStop because a whole group of Redditors are going up against people that are shorting it.

 

[Ash]

My investments haven't gone too badly so far. 5 shares of GME at an average price of $37.50. Return is currently +£100.73 which is 73.63%. Looking to buy a few more shares tomorrow and then hopefully make a bigger profit.

 

[Ash]

Boys....and girls (if there are many here), I have done quite well so far. Sold two of my seven shares to ensure that I get my initial investment and a tiny bit of profit back. And now the waiting game begins.

 

[Laifot]

I was always interested in this, but in my country we don't have a way to monetize shares now so it's not something i can smell for now..

My mission is to be a good investor and try to buy a house out of it instead of going to mortgage loans and all that.

 

[Prometheus]

Be careful @Ash, I would suggest taking your profits and running now. They're going to do an investigation into the rise in GameStop's stock increase as well as AMC. They're already freezing investments from those outside hedge funds/Wall Street here in the US.

Robinhood Markets and Interactive Brokers joined a growing group of firms restricting trading of stocks that have run up rapidly the last week. Shares of GameStop and AMC plunged more than 40% after the moves, though they recovered some ground in after-hours trading.
Meanwhile, the broader market regained its composure after Wednesday's selloff. U.S. stocks finished 1% higher Thursday after weekly jobless claims came in better than expected.
There were other big individual movers Thursday. American Airlines jumped about 10% after reporting a smaller than expected loss. BlackBerry and Bed Bath & Beyond were both down more than 35%.
Apple and Tesla also fell after reporting their latest quarterly figures late Wednesday. Mastercard, Altria and Southwest Airlines were all reporting Thursday.
There are lots of stories to catch up on that break down the latest moves as a "Nerds vs. Wall Street" battle plays out in markets. Some highlights:

• Robinhood comes under pressure after restricting trading on stocks that have run up rapidly.
• The man who created Reddit’s WallStreetBets isn’t who you think he is.
• Is WallStreetBets alive or dead? The Reddit forum has been switched on and off in the past 24 hours, flummoxing the online trading community.
• Retail trading platforms on popular brokerages struggled with outages as individual investors piled into hot stocks.
• Here's a look at how the moves represent a power shift on Wall Street, as well as stories on options driving the boom, professional short sellers facing threats and a column on how the gains represent a bubble.
• Regulators are watching the wild moves, too. The SEC is keeping an eye on them, as are White House officials. Sen. Elizabeth Warren (D., Mass.), meanwhile, called for stricter financial regulation and said that professional investors hurting this week have taken advantage of individuals for years

Source - https://www.wsj.com/livecoverage/stock-market-gamestop-amc

 

[Ash]

I was always interested in this, but in my country we don't have a way to monetize shares now so it's not something i can smell for now..

My mission is to be a good investor and try to buy a house out of it instead of going to mortgage loans and all that.

Yeah, that would be the dream. Extremely jealous of some of the huge gains that some people have made but I just don't think I would ever put so much money at risk like others have.

The restrictions on purchases have been reversed although I believe RobinHood is limiting most accounts to just 5 GME shares. I've got my initial investment and a tiny bit of money back so honestly, I'm going to hold out for a bit.

 

[Prometheus]

The restrictions on purchases have been reversed although I believe RobinHood is limiting most accounts to just 5 GME shares. I've got my initial investment and a tiny bit of money back so honestly, I'm going to hold out for a bit.

Just make sure that you take your profits before they start tanking again. GameStop is still dying as far as I'm aware, same with AMC.

 

[Ash]

Of course. Most of us are just waiting for the short squeeze. I don't think anyone is investing in GameStop for long term gains.