I’ll support the nom if Nan Blue Jay promises to share the prize money with the Selhurst Home for Distressed Footballers.

Yes, a clear co-ordinated effort at play. Thankfully many are not buying it and are hanging on in there for now. Huge loses for hedge funds, though there's an inevitability to the power players finding a way to squeeze out retail buyers.

It's portrayed as greed and gambling when it's the man on the street doing it, but when billionaires bet on companies employing thousands collapsing that's apparently fair game.

I believe in a free market but in reality it's partially rigged and run by these financiers and for these financiers......when the little guys get together to actually fight back for a bricks and mortar company the system closes them down and then runs scams to get some capital back.

Edited by Stirlingsays (01 Feb 2021 7.54pm)

The best thing about it is that it is effectively now out in the open. Ever since the people behind the 'Robin Hood' app pulled the plug on buy orders, there was no more smoke and mirrors about it. Nobody bought the excuses (I love the video of the CEO of Robin Hood being interviewed by CNBC. You can see his eyes constantly flitting to the right as he looks at another screen where his words are being fed to him) offered and millions must have had it make clear to them what is going on.

In some way that has been the beauty of the world since Covid hit. There is no more pretence about how rotten and corrupt it all is. From the BLM kneeling to the gamed US election to this insanity with Gamestop, people can see with their own eyes how rotten it all is.

Truly inspirational times. Yes, still the problem of what or who to throw the support behind but the nature of what has to be opposed and dismantled is clear for all to see. That has to be a real bonus.

I've seen it.....a definite let down on Groucho's normal efforts.

I have never understood why short selling and certain derivatives transactions are allowed.

Capitalism must have it's limits so we no longer buy and sell people or send children up chimneys.

The stock market should provide finance for companies and of course buying and selling shares is a natural part of that. You own stock in a company you don't think it's good value so you sell it and buy someone else.

Futures I can understand, for an airline oil costs are a huge factor in the business so you want some predictability which futures provide.

Short selling shares does not benefit the company in fact the reverse as the big boys are betting on your company failing it becomes a self fulling prophesy.

Anyway I don't think the free market would suffer if we stopped people selling stock that don't own in the first place.

Edited by Badger11 (02 Feb 2021 12.22pm)