Investment & Investing

gamestop up 110% this morning on absolutely no news at all
on it's 3rd halt of the day

4th halt

and 5th halt

so that has given the market makers time to get their nefarious tricks up and running

Has it already been 3 years since the madness started..?

Buy the rumour, and that rumour is roaring kitty has tweeted for the first time in 3years or so.

I'm in but lol, really?

some tweet from a random stranger on the internet causing a stock to more than double.
of course, thats how the stock market works !

amc also part of the " meme stock basket " up 40%
koss also part of the basket up 34%

wonder if some large swap or option trades are expiring

Well, he's not quite a random stranger, he held a $10mm+ position on GME at various points in the past.

Would be funny if he's spent the last 3 years gathering some investment to make a much stronger push on the float of GME and/or other meme stocks.

he was up to ~ $30mn when he exercised all his options, but then went radio silent due to a court case
i think he was in the top 20 of holders alongside blackrock and vanguard at one point

but still you got to wonder, all those quants and analysts with masters and phd's in maths and economics hitting the buy button when he tweets, make a bit of a mockery of our financial system !

Maybe it's not people actually clicking buy but mostly automated systems that are buying based on buying trends and sentiment analysis of twitter. Hedge funds have the funds to take early punts on moves to make sure they don't leave a quick buck on the table. Losing 20 x $1mm is acceptable when you make $30mm on the 21st trade.

It'd be even funnier if this was just an elaborate scheme for a pump and dump without any active pump - just a single twitter post of a image of someone leaning forward in a chair.

the flash boys by michael lewis shows how important it is to be 1 millisecond ahead of the competition, and how much that millisecond is worth to the bigger techier hedge funds and what they'll do to get that advantage. getting the info quicker and trading on that info before anyone else is where they make a lot of their money. the trading systems like you say pick up on rumours tweets then trade with no human interaction just triggers set by the programmers / traders. that first roaring kitty tweet must have set trading systems alight when it came out.

hopefully the upwards moves will keep going, felt like 2021 all over again this morning.

όλα αυτά είναι ελληνικά για μένα

it was to me too, even at the end of my career in the city !

just buy some gme shares and hold on for dear life and enjoy the ride.

*i am not a financial advisor, stocks may go up as well as down

Ha!

https://statstrader.wordpress.com/2018/04/25/biography-of-an-hft-startup/ is also an interesting read on the subject (piques my interest on the coding/hardware side more than the finance side).

(I used to have to deal with X.25 a long time ago.)

I chuck money into vanguard ISA when I can, typically been lifestrategy 100, but if literally chucked a bit in sustainable life & S&P. I am in my mid twenties. Won't touch it for many years/decades (hopefully). So want to be aggressive.

Not currently significant values, so doesn't justify spending my weekend reading about the different funds. Even if I did, I'm also not really qualified to pick funds. I do want to get into the habit of being a bit more interested in what I pick and why. Anyone have a good process on evaluating funds or any tips? I know I want accumulation and aggressive (risky). There are probably 10-20 candidate funds across the ETFs and index funds with a risk of 6 ish.

Edit - same with my workplace pension. I haven't really actively evaluated each fund I could be in. But given my age I am in a riskier/ hopefully more rewarding option, rather than the default. Some of the keen FIRE people at work withdraw from the expensive aviva platform and add it to their own SIPP. I am not there yet.

Some bitcoin and some in index tracker

https://www.lfgss.com/comments/17085599/

Basically, stick it all in a global equities tracker. Just make sure it’s a cheap one. Your workplace platform might not offer a cheap one, sometimes they only offer a limited range of funds.

At your age the money you put in now will be able to grow significantly so take the opportunity to keep adding to it now. Religiously adding to your pension each month from a young age will probably be the best decision you ever make.

All of this.

My first pension fund, started in my twenties, is still (just) the largest pot of the four I have. I've been paying a significantly larger percentage of my salary into my current employer's scheme for the past seven years, have transferred two smaller pots into it, and it'll overtake that first one later this year.

gme finished up 76% yesterday and has started up 36% in pre market this morning.
amc up 78% yesterday and up 37% in pre market

it's like 2021 all over again, surely this can't be bacause of another 3 tweets over night by deep fucking value.

somethings up ( well apart from the meme basket )

surely this can't be bacause of another 3 tweets over night by deep fucking value.

This is how memestocks work right? Only takes a tweet to create fomo

There was someone who looked into buy orders and there were a lot of 25k parcels being bought up in close succession. Rumour of a potential stock buyback was discussed with the 100mil they've got signed off for it.

And he's really trying to hype everyone up

Defo a pump and dump

bUt hOw ComE AMC is GoIng cRaZy tOO iF it'S a GME bUYbacK

up 123% pre market, we are approaching levels seen during the sneeze in 2021