What’s your big gamble? (Volume 3)

[JustinF]

This tickled me.

[Insurancejon]

How come the oilers have been steadily dropping for a few days now?

[g4ry13]

I think I got a bit greedy with CINE. I'm not optimistic about seeing 80p+ again any time soon.

[classicfred]

Looks like another crap day today.
SYME rns out as well.

[ferrisbueller]

g4ry13 said:

I think I got a bit greedy with CINE. I'm not optimistic about seeing 80p+ again any time soon.

It's interesting as Jangho have upped their holding again. However, the fundamental issues remain the same. I was holding on for a bumper pay day but I had too much in there to risk it and a lot has changed in the period of time I've held. Other less risky things have caught up, less risky opportunity looks to be available. I didn't catch the very top but I made about 50% on a decent fuel tank.

Did you read the Scion SEC stuff?

[Fat Thor]

anonymous said:

[redacted]

Mike I read most of it on stocktwits, there is so much on there you just have to navigate round the memes, bulls and bears.

and then a smaller amount YouTube.

Ajax is still my top tip.

[g4ry13]

ferrisbueller said:

g4ry13 said:

I think I got a bit greedy with CINE. I'm not optimistic about seeing 80p+ again any time soon.

It's interesting as Jangho have upped their holding again. However, the fundamental issues remain the same. I was holding on for a bumper pay day but I had too much in there to risk it and a lot has changed in the period of time I've held. Other less risky things have caught up, less risky opportunity looks to be available. I didn't catch the very top but I made about 50% on a decent fuel tank.

Did you read the Scion SEC stuff?

Yes, I read through the letters where he was advising them about the opportunity which existed. It was interesting stuff but not sure whether Gamestop paid much attention. Thanks for the link.

[skinnyman]

ferrisbueller said:

Robinhood under huge pressure now.

I'm assuming we all know that Robinhood is backed by Citadel, the same Citadel that backs Melvin Capital.

So Citadel shorts a stock, and then removes the ability for people to buy said stock.

[g4ry13]

ferrisbueller said:

Robinhood under huge pressure now.

They've basically blown up their business. It was more important to them to keep Citadel on side than to provide a business where the purpose was to "Democratizing finance for all."

Users are walking from Robinhood and taking their money elsewhere. Robinhood wanted to have an IPO but that may be off the cards if their number of users shrinks over the next few weeks.

T212 have done similar to Robinhood and in light of platform crashes and poor fills i've been reconsidering my decision to move my activity there. Despite T212's flaws, they are good for US stuff and avoiding the additional costs which go in hand with it + the fractional shares and it makes sense to use if you want to chuck a few hundred £ at something. But it does generally leave a bit of a bad taste in the mouth thinking about T212.

[anonymous-user]

LOOK

Lookers were suspended last July at 21p. Announced losses today and started trading.

I was pleasantly shocked to get out at 30p. They’re up at 38p now. Must be a rake over in the offing. Happy with my 50% profit but wish I’d waited a bit

[CaptainHindsight]

skinnyman said:

I'm assuming we all know that Robinhood is backed by Citadel, the same Citadel that backs Melvin Capital.

So Citadel shorts a stock, and then removes the ability for people to buy said stock.

I'm assuming you actually know that Robinhood is not backed by Citadel, but rather Citadel among others are an executing broker relationship of Robinhood.

And I'm assuming you know that it's highly likely your pension funds are invested in Melvin Capital so indirectly you are also a 'backer' of Melvin Capital.

Let's also not forget that Citadel Securities, LLC (broker) and Citadel LLP (Hedge Fund) are independant businesses segregated from each other and independently regulated according to a different set of requirements that fit the business they are licensed to perform so they are not the "same Citadel that backs Melvin Capital".

[ferrisbueller]

g4ry13 said:

ferrisbueller said:

g4ry13 said:

I think I got a bit greedy with CINE. I'm not optimistic about seeing 80p+ again any time soon.

It's interesting as Jangho have upped their holding again. However, the fundamental issues remain the same. I was holding on for a bumper pay day but I had too much in there to risk it and a lot has changed in the period of time I've held. Other less risky things have caught up, less risky opportunity looks to be available. I didn't catch the very top but I made about 50% on a decent fuel tank.

Did you read the Scion SEC stuff?

Yes, I read through the letters where he was advising them about the opportunity which existed. It was interesting stuff but not sure whether Gamestop paid much attention. Thanks for the link.

DFV certainly did!

[Timja]

Bought LOOK for 22p at 9.40, sold for 37p at 9.55.

Didn’t buy many but quick 70%!

[anonymous-user]

JustinF said:

This tickled me.

Haha. Us II are always wanting in on the next big thing.

[CaptainHindsight]

EUA is really flirting today, still have my limit order for 23gbx set up from yesterday and the drop in today's price is becoming a tease. Either just go up or at least let drop enough to hit my limit price, this current price is just crap.

[anonymous-user]

Fat Thor said:

Mike I read most of it on stocktwits, there is so much on there you just have to navigate round the memes, bulls and bears.

and then a smaller amount YouTube.

Ajax is still my top tip.

Ty. I bought Ajax yesterday. Just hope I bought the right one. There’s about six of them on different exchanges excluding the variants like AJX etc

[anonymous-user]

skinnyman said:

ferrisbueller said:

Robinhood under huge pressure now.

I'm assuming we all know that Robinhood is backed by Citadel, the same Citadel that backs Melvin Capital.

So Citadel shorts a stock, and then removes the ability for people to buy said stock.

Interesting thanks.

[anonymous-user]

g4ry13 said:

T212 have done similar to Robinhood and in light of platform crashes and poor fills i've been reconsidering my decision to move my activity there. Despite T212's flaws, they are good for US stuff and avoiding the additional costs which go in hand with it + the fractional shares and it makes sense to use if you want to chuck a few hundred £ at something. But it does generally leave a bit of a bad taste in the mouth thinking about T212.

I’ve tried 5 platforms in the last year and ended up using only HL and T212. Not saying they’re the best but I can live with their different strengths and weaknesses. I’d suggest using a couple for the same reason.

[anonymous-user]

Timja said:

Bought LOOK for 22p at 9.40, sold for 37p at 9.55.

Didn’t buy many but quick 70%!

That was a massive gamble following their suspension and losses. What made you think that was a good buy? (Clearly it was so well done :-) )

[g4ry13]

MikeStroud said:

g4ry13 said:

T212 have done similar to Robinhood and in light of platform crashes and poor fills i've been reconsidering my decision to move my activity there. Despite T212's flaws, they are good for US stuff and avoiding the additional costs which go in hand with it + the fractional shares and it makes sense to use if you want to chuck a few hundred £ at something. But it does generally leave a bit of a bad taste in the mouth thinking about T212.

I’ve tried 5 platforms in the last year and ended up using only HL and T212. Not saying they’re the best but I can live with their different strengths and weaknesses. I’d suggest using a couple for the same reason.

All my investment stuff was on HL and I was happy to pay the fees. This year I had my first dabble in US stuff and found the costs quite off-putting which resulted in me getting a T212 account as well.

Majority of my holdings are on HL but I have found myself moving towards T212 lately and holding more money there than I initially thought I would.