Black Monday

**BlackPeter** · 28-01-2021, 05:12 PM

Originally Posted by greater fool

There is no requirement for repayment. Investors just need to find the greater fool.

Well, yes, but wouldn't in this case "gambler" be a more suitable label than "investor"?

**FTG** · 28-01-2021, 08:31 PM

Market downturns are ultimately the most effective way of distinguishing the skilled investors from the "gamblers", NOT Bull markets.

Raging Bull markets tend to inflate the egos of the gamblers, making them feel invincible, whilst insulting the skilled & disciplined.

We are now in the midst of the Everything Bull Market, and my word aren't we witnessing a lot of inflated egos!....and a few deflated ones too.

**STRAT** · 28-01-2021, 08:48 PM

bull.... wrote

"deepfu..ing value user name on reddit made 47 million from an initial 50k investment on gme

A year ago, a user by the name of DeepF***ingValue (DFV) posted a screenshot of a position he had taken in GameStop.
He had spent about $US50,000 on stock in his initial investment

https://www.abc.net.au/news/2021-01-...ained/13097982

go bro"

Sticking it to the Hedge Funds. That beats protesting in the streets. How can that not put a smile on the faces of everybody here on this site. Love it.

**ratkin** · 28-01-2021, 09:19 PM

Originally Posted by STRAT

bull.... wrote

"deepfu..ing value user name on reddit made 47 million from an initial 50k investment on gme

A year ago, a user by the name of DeepF***ingValue (DFV) posted a screenshot of a position he had taken in GameStop.
He had spent about $US50,000 on stock in his initial investment

https://www.abc.net.au/news/2021-01-...ained/13097982

go bro"

Sticking it to the Hedge Funds. That beats protesting in the streets. How can that not put a smile on the faces of everybody here on this site. Love it.

He market has entered the final madness stage, this story pretty much confirms it.

**bull....** · 29-01-2021, 08:01 AM

Originally Posted by ratkin

He market has entered the final madness stage, this story pretty much confirms it.

what that some little unknown retail person made some big money. are you one of these big finance people who thinks only the big end of town should be allowed to make money.
anyway i see some people got upset about the hedge funds taking a bath and changed the rules again blocking retail people from buying gme and others but allowing the hedge funds to trade anyway they like in effect causing the prices to fall. robbinhood being sued because of this now and policticians joining in the fracas. makes for a great movies this be one day.

the whole trading platform restrictions have probably had the opposite effect intended now as they have sowed more discontent about the games rigged and probably mean more volitility will come to markets now as the retailers band up more to hunt the funds. a potentially meaning moment in time this gme moment

**causecelebre** · 29-01-2021, 10:20 AM

Originally Posted by bull....

what that some little unknown retail person made some big money. are you one of these big finance people who thinks only the big end of town should be allowed to make money.
anyway i see some people got upset about the hedge funds taking a bath and changed the rules again blocking retail people from buying gme and others but allowing the hedge funds to trade anyway they like in effect causing the prices to fall. robbinhood being sued because of this now and policticians joining in the fracas. makes for a great movies this be one day.

the whole trading platform restrictions have probably had the opposite effect intended now as they have sowed more discontent about the games rigged and probably mean more volitility will come to markets now as the retailers band up more to hunt the funds. a potentially meaning moment in time this gme moment

Robinhood could take a backlash on this. They are beholden to whom ever is paying them for their order flow. If that flow dries up then so does their revenue. This order flow are black swan's to the algo's and whoever owns those are not happy. I think this is not the last we'll see of this behaviour. Trading has never been cheaper or more accessible.

**silu** · 29-01-2021, 10:28 AM

Originally Posted by ratkin

He market has entered the final madness stage, this story pretty much confirms it.

I'm trying to convince myself not to close up almost all my positions. When my main reactions to the share market at the moment are "Huh?" and "What?" and "Why?" we may have entered the crazy period.

**Entrep** · 29-01-2021, 10:34 AM

Originally Posted by causecelebre

Robinhood could take a backlash on this. They are beholden to whom ever is paying them for their order flow. If that flow dries up then so does their revenue. This order flow are black swan's to the algo's and whoever owns those are not happy. I think this is not the last we'll see of this behaviour. Trading has never been cheaper or more accessible.

The same people they sell the order flow to (Citadel) are the ones propping up the hedge funds that shorted GME. You can't make this **** up.

**peat** · 29-01-2021, 11:04 AM

Originally Posted by silu

I'm trying to convince myself not to close up almost all my positions. When my main reactions to the share market at the moment are "Huh?" and "What?" and "Why?" we may have entered the crazy period.

problem is the crazy period just keeps on going and going.

So what does a rational investor do.