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  1. #51
    Grenville Morris
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by Tony Woodcock's LoveChild View Post
    Skinheads and Alexi Sayle's favourite footwear Dr Martens floated today.

    Up 20% from IPO price of £3.70
    Any IPO seems to pop at the moment. Doesn't matter the industry, size, age of the company or if they're even profitable (or likely to be in future).

    Bit of a mad house at the moment.

    30/09/2021: It's only 8 points to the play-offs. Doesn't matter if we're 20th having lost three times as many games as we've won so far. I fancy us now that Hughton's gone.

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  3. #52
    Viv Anderson
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    Default Re: The Big Finance, Money and Economics thread

    Ah this explains it. No surprises really. https://www.bbc.com/news/business-55837519

    Sent from my M2003J15SC using Tapatalk


  4. #53
    Warp Speed Chic
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    Default Re: The Big Finance, Money and Economics thread

    The weirdest thing is, they're doing this with GameStop. I've been to a few, and they're rubbish


  5. #54
    Grenville Morris
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by Freddie View Post
    The weirdest thing is, they're doing this with GameStop. I've been to a few, and they're rubbish
    They aren't buying the shares because they think the company is good, they are purely targeting GameStop as it has the highest short % of any company in the U.S market, and short term they think through co-ordinated action they can force the short sellers to buy the GameStop stock back at a higher price than they paid for it.

    The quality/value of the company/share is irrelevant. It could be a 12 year old girl's lemonade stand and the dynamics would still apply.


  6. #55
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    Default Re: The Big Finance, Money and Economics thread

    It was just a joke Maxi, now who shall I buy shares for? GameStation?

    Anybody remember Chips in Arnold? I didn't like it in there


  7. #56
    Grenville Morris
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by Freddie View Post
    It was just a joke Maxi, now who shall I buy shares for? GameStation?
    Too early in the A.M to see it, sorry.

    Some UK-based redditors seem to be targeting Pearson and Cineworld, but unlikely to end up like GME. Perhaps the old mantra of diversified long term holdings rather than trying to make a quick cheap buck will be the order of the day again soon...


  8. #57
    Warp Speed Chic
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    Default Re: The Big Finance, Money and Economics thread

    In a way, I admire those going into stocks for a quick buck.

    It's not for me, but my record collection is worth more than what I've paid, so I think I'll stick to that


  9. #58
    Viv Anderson
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by Freddie View Post
    The weirdest thing is, they're doing this with GameStop. I've been to a few, and they're rubbish
    That's not the point.

    The issue is are they are undervalued or overvalue.

    The Hedge Fund believed they were overvalued and expected a correction (and maybe pushed for a correction.)

    The r/instigator believed they were close to undervalued and thought the hedge fund was trying to drive the valuation down. They then built a posse of retail investors to defend the price (this could have involved store loyalty) and give the Hedge Fund a punch on the nose (anti-elitism).

    What this could be is a sign that information-interaction* is a new form of commodity that can shape markets.


    *information-interaction (i2) is subset of the political economy theory that data is the new oil. i2 suggest instead of seeing data as the principal commodity form of the mode of production, which has no inherent circulatory benefit (it doesn't necessarily cause a reaction where cash is exhinaged for commodity and commodity is used in production to generate capital and the capital is liqudised into cash to start the circuit again), what the leading companies do in this emerging mode is accumulate ineractions with information which become sysnomous with circulation. Think of Uber, it is never expected to make a profit, it's only goal is to fulfil it's two sided market promise of matching transport owners with empty seats with consumers with an instant need for mobility - money flows from the information interaction of the market, and by accumulating those interactions with the market information, you get to exect a rent on the interaction

    EXACT SAME BENEFITS

  10. #59
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    Default Re: The Big Finance, Money and Economics thread

    Anyone who invests in shorts in the middle of winter deserves everything they get if you ask me


  11. #60
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by Redemption View Post
    That's not the point.

    The issue is are they are undervalued or overvalue.

    The Hedge Fund believed they were overvalued and expected a correction (and maybe pushed for a correction.)

    The r/instigator believed they were close to undervalued and thought the hedge fund was trying to drive the valuation down. They then built a posse of retail investors to defend the price (this could have involved store loyalty) and give the Hedge Fund a punch on the nose (anti-elitism).

    What this could be is a sign that information-interaction* is a new form of commodity that can shape markets.


    *information-interaction (i2) is subset of the political economy theory that data is the new oil. i2 suggest instead of seeing data as the principal commodity form of the mode of production, which has no inherent circulatory benefit (it doesn't necessarily cause a reaction where cash is exhinaged for commodity and commodity is used in production to generate capital and the capital is liqudised into cash to start the circuit again), what the leading companies do in this emerging mode is accumulate ineractions with information which become sysnomous with circulation. Think of Uber, it is never expected to make a profit, it's only goal is to fulfil it's two sided market promise of matching transport owners with empty seats with consumers with an instant need for mobility - money flows from the information interaction of the market, and by accumulating those interactions with the market information, you get to exect a rent on the interaction
    Oh bloody hell


  12. #61

    Default Re: The Big Finance, Money and Economics thread




  13. #62
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    Default Re: The Big Finance, Money and Economics thread

    Fred regrets that joke like a window into my world that mate


  14. #63
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by Carlos View Post
    Fred regrets that joke like a window into my world that mate
    I'll let you handle the jokes from now on


  15. #64
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by Freddie View Post
    I'll let you handle the jokes from now on
    This one is all you mate. I'm leaving it well alone. Live by the sword Freddie!


  16. #65
    Viv Anderson
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by MaxiRobriguez View Post
    Any IPO seems to pop at the moment. Doesn't matter the industry, size, age of the company or if they're even profitable (or likely to be in future).

    Bit of a mad house at the moment.
    AirBnB IPO'd at something mad like $150 - it was worth more than every major hotel chain put together.

    Sent from my SM-G960F using Tapatalk


  17. #66
    Nigel Clough
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    Default Re: The Big Finance, Money and Economics thread






  18. #67

    Default Re: The Big Finance, Money and Economics thread

    It sounds a bit like the institution investors are saying, "It's my ball and you won't let me win, so I'm going to take it home with me."


  19. #68
    Viv Anderson
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    Default Re: The Big Finance, Money and Economics thread

    .

    Sent from my SM-G960F using Tapatalk


  20. #69
    Grenville Morris
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    Default Re: The Big Finance, Money and Economics thread

    Man fuck off robinhood I’m tryna buy DOGE COIN.


  21. #70

    Default Re: The Big Finance, Money and Economics thread


  22. #71

    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by MaxiRobriguez View Post
    Any IPO seems to pop at the moment. Doesn't matter the industry, size, age of the company or if they're even profitable (or likely to be in future).

    Bit of a mad house at the moment.
    Talking of IPOs...high expectations for this one

    https://www.theguardian.com/business...sted-in-london


  23. #72
    Grenville Morris
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    Default Re: The Big Finance, Money and Economics thread




  24. #73
    Grenville Morris
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    Default Re: The Big Finance, Money and Economics thread




  25. #74
    Ian Storey-Moore
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    Default Re: The Big Finance, Money and Economics thread

    They are doing the same to silver now.


  26. #75
    Grenville Morris
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    Default Re: The Big Finance, Money and Economics thread

    Quote Originally Posted by derbyshirered View Post
    They are doing the same to silver now.
    they can try but is $SLV anywhere near as shorted like $GME?


 

 

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