Black Monday

[bull....]

They haven't backed down at all, it is all as designed. In the last session, retail could only sell, not buy. The hedge funds took a lot of shares off them and the stock dropped a lot. It has now increased in the after market, which sets the scene for the overnight session. Retail will come in steaming, able to buy again. The hedge funds have in a lot of cases covered their shorts and now have shares to sell them. This will not be pretty.

but a lot of new hedge funds went short yesterday might be burned bad if it goes up again

[Stranger_Danger]

but a lot of new hedge funds went short yesterday might be burned bad if it goes up again

Agreed. It is going to be a dogs breakfast with all the conflicting positions, agendas, margin calls and confusion, the intraday volatility is likely going to be insane. Which is extraordinary, since we're talking about a money losing chain of shops in empty US malls that sell computer games in boxes, that most people probably haven't been to in a decade. Pure tulip, really.

[Baa_Baa]

Agreed. It is going to be a dogs breakfast with all the conflicting positions, agendas, margin calls and confusion, the intraday volatility is likely going to be insane. Which is extraordinary, since we're talking about a money losing chain of shops in empty US malls that sell computer games in boxes, that most people probably haven't been to in a decade. Pure tulip, really.

Unsure how this will affect the markets generally however we may be witnessing a whole new digital driven trading disruption, of the market forces owned and controlled by the big (extremely big) money, most of which we don't see in our primitive trader prohibitive NZX market and platforms, but nonetheless intriguing and, well, somehow entertaining as well.

An uprising by the minnows against the status quo market controls, extreme money, bots, algos, rules etc. Don't even need to buy tickets to watch, it's happening, proven and imho will grow legs.

[nztx]

Dance close to the exits?

Not a bad answer there too -- and knowing when to press the bail button ..

[kiora]

I am looking at long term strategy
Beware of weak hands.

[ratkin]

Not a bad answer there too -- and knowing when to press the bail button ..

That is the hard bit. Normally about now I would be taking money off the table and putting it into cozy little term deposits, but there seems little point right now, money seems no safer than stocks, and there no upside.

[nztx]

That is the hard bit. Normally about now I would be taking money off the table and putting it into cozy little term deposits, but there seems little point right now, money seems no safer than stocks, and there no upside.

Yes .. that nicely sums up the dilemma - with what to do with the proceeds coming off the table locally

In US markets - for those who are happy to brave exchange fluctuation there are some not bad quarterly payers
in Gas Infrastructure LP's - 8% through to mostly north of 11% pa is not bad for those with a taste for these
sort of stocks. Personally they look better than repatriating funds back here to land on 0.5% - 1.5% pa
before the RWT impost gets deducted..

[kiora]

Yes .. that nicely sums up the dilemma - with what to do with the proceeds coming off the table locally

In US markets - for those who are happy to brave exchange fluctuation there are some not bad quarterly payers
in Gas Infrastructure LP's - 8% through to mostly north of 11% pa is not bad for those with a taste for these
sort of stocks. Personally they look better than repatriating funds back here to land on 0.5% - 1.5% pa
before the RWT impost gets deducted..

Downside in gas infrastructure?
https://finance.yahoo.com/news/natur...090007907.html

[winner69]

Seems some of you guys need to look into the option value of cash

[DiffTheEnder]

Re:gamestop short activity.

What happens if gamestop halts trading to announce a capital raise? Will the short squeeze situation resolve itself as the shorter will buy the newly available float?

How quickly can gamestop organise a capital raise realistically?