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 ASCPFC  Pro-Cathedral/caravan park 29 Jan 21 9.03pm |
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Originally posted by steeleye20
Joe Biden should make time to sign his most important executive order yet. 'Subway' know them? They have numerous outlets here. The Supreme Court, no less, ruled that their bread did not constitute actual bread, a mixture of water and sugar. Now another wag has taken them to court alleging there is no tuna in their tuna, and the court found it was a grey concoction with no tuna in it at all. Execute Subway forthwith Mr.President, on humanitarian grounds. Mainly Dolphin
Red and Blue Army! |
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 SW19 CPFC  Addiscombe West 29 Jan 21 9.06pm |
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Originally posted by Stirlingsays
I expect Robinhood's owners and the others were paid a hell of a lot of money yesterday....because I can see what they did damaging their brand irreversibly. It should be thoroughly investigated and if necessary people should go to jail. Edited by Stirlingsays (29 Jan 2021 7.24pm) Can they get done here? They're a private entity and if they want to stop people trading I'd assume they can. Although, I've not read their terms so maybe they are liable for something... Ultimately they had to draw down the entirety of their $200m credit lines just to cover themselves due to the surge in activity related to the trades so I can partly understand putting holds on trading specific shares. As has been mentioned, wall streeters kicking up fuss about this are being massively hypocritical. Although it does raise the issue that was already coming to a head about 'retail' average joes now being able to pile in to the stock market en masse. On the one hand it's a win for accessibility to markets, on the other it's got the potential for a massive f*** up written all over it. Will simply amplify the boom and bust cycle. Tesla is certainly being driven by it to some extent. I've heard the collusion argument put forward today, it's nonsense. Hedge funds are exactly the same thing – a group of people, entities or companies gaming together to invest or short stocks. No different. The problem lies in the reasoning behind the investing – the average robin hood or etoro user won't be investing based on financial information, just feeling or FOMO. Like betting. Further – the whole thing is a joke anyway – massive corporates are making just as much money off this (pensions, other hedge funds) as redditors would like to think hedge funds are 'losing' money. Further, although a lot of the people throwing $40 in are doing so on ideological merits rather than profiteering ones, this is basically the same as cryptos in that the more people you get to join in, the higher the price goes. Finally, RH get paid large sums by high frequency traders for all these transactions, so I severely doubt they'd put a hold on things unless it would affect their ability to maintain the platform.
Did you know? 98.0000001% of people are morons. |
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| Mapletree Croydon 29 Jan 21 10.14pm |
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Originally posted by Stirlingsays
Makes more sense than you do. Still, we should forgive your over emotional posts after all those 16 hour shifts you're doing. Edited by Stirlingsays (29 Jan 2021 7.20pm) What’s up with you? It’s cos you never sleep innit
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| Stirlingsays 29 Jan 21 10.41pm |
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'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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BlueJay  UK 30 Jan 21 8.13pm |
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GameStop news: Short sellers lose $19bn as Omar says billionaires who pressured apps should go to jail - [Link] Quote GameStop’s shares soared again on Friday, jumping 100 per cent by the market’s open, as under-fire investment app Robinhood partially reversed its decision to restrict trading of its stocks and reportedly secured €1bn from its backers. Despite GameStop’s explosive open, the rest of the market lagged.
Robinhood – which says its “mission is to democratise finance for all” – then decided to block users from buying GameStop shares, which it said was due to “significant market volatility”, prompting a fierce backlash, including from members of the US Congress as politically diverse as Ted Cruz and Alexandria Ocasio-Cortez, who signalled their support for a congressional hearing. Lawmakers weighed in on the developing situation Friday. Sen. Elizabeth Warren sent a letter to the SEC asking the agency what it planned to do in response to the market shakeup. Rep. Ilhan Omar called for jail time for any billionaires found to have influenced retail stock services like Robinhood to bar Americans from purchasing stocks on their platforms. Short sellers face an estimated $19bn in losses due to the short squeeze, though many are still holding out hope that the price will drop before they are forced to close out their short positions
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| BlueJay UK 30 Jan 21 8.13pm |
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GameStop and AMC: UK trading platform IG stops new trades - [Link]
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| Stirlingsays 31 Jan 21 12.03am |
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An interesting video on a discussion over the two sides of the Gamestop debate.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| Cpfc1861 31 Jan 21 2.42am |
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One thing I've noticed about americans they love to sue people its crazy how they just sue people over everything other there i have a theory its the only way people get successful out there the american dream where you can knowingly eat a beef steak and sue the people who sold it to you claiming your a vegan.
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| cryrst The garden of England 31 Jan 21 6.32am |
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The purge on the right is starting.
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| Stirlingsays 31 Jan 21 6.39am |
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Andy Ngo in an interview about Antifa.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| kevlee born Wandsworth emigrated to Lanc... 31 Jan 21 9.26am |
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[Link]
Following Palace since 25 Feb 1978 |
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| Lombardinho London 31 Jan 21 9.56am |
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Originally posted by kevlee
[Link] Did you know, Kev, that it's only a sitting president ( one that's in power ) that can be tried for impeachment?
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