stocks in meltdown mode

Do Hedge Funders only try to short stock? That is their whole mission?

If so, this couldn't happen to a nicer group of people.

Talk about uniting the clans.

What do companies get from selling to these people? Is it because they're confident the stock will still go up, even though a company is actively working on dragging it down?

My BIL supposedly made a million dollars in his stock. He put $2k on ENZC and it grew by 50000%



My wife was telling me, I was just like ok.



Not sure I believe itLooks like ENZC was selling at around 10 cents after opening in December and went up to 25cents yesterday. While that's great profit its not making a million dollars. You can always Google a stock ticker and see the chart of pricing

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Not gonna lie, I wish I was smart enough to understand the stock market enough to buy in on the Gamestop/AMC/etc. stocks while the gettin' was good.

But everybody smart enough to understand the stock market says the first rule is if you don't know what you're doing, don't buy individual stocks.

So here I sit watching everybody else get rich off the action.

I understand the basic concept of stocks, you buy low and sell high. Don't put all your eggs in one basket. Diversify your bonds, ninja. (https://www.youtube.com/watch?v=DdSfTsTSjwA) But this whole concept of short-sales and selling stocks you don't own so you can buy them back later at a lower price doesn't make sense to me at all. I just can't understand why you would be allowed to sell a stock you don't own.

Makes me happy seeing people who manipulate the market for a living (and get rich doing it) getting a taste of their own medicine though.

Rich people/companies/firms fucking over every day Americans = Something we can all get behind hating

But yet it's all perfectly "legal" and has been going on forever. We're always left holding the bag.

What kind of person thinks to himself/herself: What do I want to do for a living? I know, I want to get rich while fucking over my neighbor.

Apparently the robinhood guy showed up on stock shows end of day and it went predictably terrible

You really need to be careful who you have your money with...the first rule of the stock market

Not gonna lie, I wish I was smart enough to understand the stock market enough to buy in on the Gamestop/AMC/etc. stocks while the gettin' was good.

But everybody smart enough to understand the stock market says the first rule is if you don't know what you're doing, don't buy individual stocks.

So here I sit watching everybody else get rich off the action.

I understand the basic concept of stocks, you buy low and sell high. Don't put all your eggs in one basket. Diversify your bonds, ninja. (https://www.youtube.com/watch?v=DdSfTsTSjwA) But this whole concept of short-sales and selling stocks you don't own so you can buy them back later at a lower price doesn't make sense to me at all. I just can't understand why you would be allowed to sell a stock you don't own.

Makes me happy seeing people who manipulate the market for a living (and get rich doing it) getting a taste of their own medicine though.
Tell you what, people who understood the market got richer over the past 10 months. I can just say with very limited funds, I made 300% growth with very select funds. Definitely not normal, but taking the simple concept that certain stocks got caught up in the panic selling for no reason enabled simple decision making. An example is DELL, a decent stock with no serious reason to have tanked when the market did. I bought it at $27 because the year leading up to the crash it was around $55. It's now over 60, but admittedly I sold it around 50 to lock in that and bought other stocks I saw similar potential with. And I bought several Cannibas stocks in November that have seen significant growth too.

The one question I have to see is taxes, it is all within an IRA so I don't think I have taxes due for the short term gains, but have to confirm that.

Looks like ENZC was selling at around 10 cents after opening in December and went up to 25cents yesterday. While that's great profit its not making a million dollars. You can always Google a stock ticker and see the chart of pricing

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He bought it at .0005 cents a share like a year ago, this is how the story goes. Like I said I don’t believe it.

Tell you what, people who understood the market got richer over the past 10 months. I can just say with very limited funds, I made 300% growth with very select funds. Definitely not normal, but taking the simple concept that certain stocks got caught up in the panic selling for no reason enabled simple decision making. An example is DELL, a decent stock with no serious reason to have tanked when the market did. I bought it at $27 because the year leading up to the crash it was around $55. It's now over 60, but admittedly I sold it around 50 to lock in that and bought other stocks I saw similar potential with. And I bought several Cannibas stocks in November that have seen significant growth too.

The one question I have to see is taxes, it is all within an IRA so I don't think I have taxes due for the short term gains, but have to confirm that.

What does Dell still make? Admittedly I don't have a PC and don't know how common they are anymore, but I never even here the word Dell anymore.

He bought it at .0005 cents a share like a year ago, this is how the story goes. Like I said I don’t believe it.

Pretty crazy if he did. I have bought some penny stocks, but I didn't think stocks could stay listed under a dollar for more than a certain time.

That would be winning the game right there.