Mr Anon 11:09 Sat Jul 22
9 West Ham fans who made £660 Million in a few hours
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https://www.youtube.com/watch?v=F7_WXUMFM_w&ab_channel=BloombergOriginals
Over the span of a few hours one day in April 2020, a guy called Cuddles and eight of his pals,all West Ham supporting Essex mates from the freewheeling world of London’s commodities markets rode oil’s crash to a $660 million profit. Now regulators are scrutinizing their once-in-a-lifetime trade.
Own up, anyone we know?, Garlic Bread, must be high on the list with his pump and dump antics
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Replies - In Chronological Order ( Show Newest Messages First)
,
12:07 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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Were they the erstwhile Ongar road office boys? One or two operating out in Dubai as well.
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Gary Strodders shank
12:31 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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I read about this last year and how they were being asked to hand over documents and records as some yank company who had lost millions were trying to file a lawsuit against them.
It all sounds like sour grapes as they had merely gambled on the price of oil during the lockdown and bought gambled accordingly.
I think the yanks are trying to make out they coluded to manipulate the market.
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JAC
12:50 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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I heard they were based at the industrial site at West Horndon opp. the station.
Good luck to them.The Yanks are seething....
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Mace66
1:47 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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Probably peachy75 the expert ‘chart reader’
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greenie1
2:33 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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Cuddles?
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Mr Anon
2:54 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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Not familiar with traders Greenie?
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greenie1
2:59 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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obviously not.
Is it Cuddles the Monkey?
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nychammer
4:35 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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If it was anyone on here id like to think they might have thrown a few quid in for a new web server.
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WHU(Exeter)
8:25 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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By process of elimination, it wasn’t any regular on the various NAPS challenges.
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Mike Oxsaw
9:57 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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House a lot of illegals would that,
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Too Much Too Young
10:13 Sat Jul 22
Re: 9 West Ham fans who made £660 Million in a few hours
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nychammer 4:35 Sat Jul 22
Would need 100 times that to fix the WHO clock.
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Hammer I am
6:34 Mon Jul 24
Re: 9 West Ham fans who made £660 Million in a few hours
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Went down a rabbit hole with those Bloomberg vids Ty, the one about the British trader that wiped a trillion off the stock market in 5 mins is mental!! Same story really, British guy gets the best of wall street at their own game and they try to sue!
Confused how a trillion can disappear from SM and 5 mins later back to normal is strange though, they're all crooks!
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On The Ball
9:47 Mon Jul 24
Re: 9 West Ham fans who made £660 Million in a few hours
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This is clearly Gaaaaaaarlic Bread.
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Jim79
3:55 Tue Jul 25
Re: 9 West Ham fans who made £660 Million in a few hours
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I know a few of the boys involved in this and its been a nightmare for them ever since the day they traded WTI and it went negative. Yes they've made a shit tonne of money but they have been tied up with lawyers ever since whilst the big corps in the market have gone after them trying to prove they colluded to manipulate the market, what a joke a bunch of blokes from Shenfield controlling the price of oil. Had it been one of the big banks or hedge funds nobody would have said a thing but a few likely lads cash in and all of a sudden its dodgy, they were right place at the right time with the right strategy. Good luck to them but it has been a major headache ever since.
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,
4:15 Tue Jul 25
Re: 9 West Ham fans who made £660 Million in a few hours
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Good luck to them. Like the Aussie wicket keeper they broke no rules/Laws of the game.
And as for economic consequences their actions were minimal as compared to say forty odd days of a Liz Truss Premiership.
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goose
4:19 Tue Jul 25
Re: 9 West Ham fans who made £660 Million in a few hours
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Exactly Jim.
Big hedge fund or investment bank does it and they are lauded for reading the market.
Few lads in Essex do it and the big boys come after them.
Good luck to them, I hope they get the chance to enjoy their money.
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Capitol Man
4:22 Tue Jul 25
Re: 9 West Ham fans who made £660 Million in a few hours
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It would seem to be a clear case of market manipulation. The market makers do it in many illiquid markets all the time - what got them in trouble was the scale of the move, the effect on prices and the high profile of the product they focused on.
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Jim79
4:40 Tue Jul 25
Re: 9 West Ham fans who made £660 Million in a few hours
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What got them in trouble is the amount of profit they made. Had it been a couple of million then nobody would have batted an eyelid. They rung the bell and then the jealousy comes out and people sense a payday. They did nothing different than many other market makers do on a daily basis and they had done it many many times over the years. This time it just came off better than they could have ever imagined, nobody thought we'd ever see WTI futures going negative.
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Lee Trundle
6:47 Tue Jul 25
Re: 9 West Ham fans who made £660 Million in a few hours
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What I find fascinating, is that they did this all dependently and separately from each other.
An amazing coincidence. ;-)
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goose
6:56 Tue Jul 25
Re: 9 West Ham fans who made £660 Million in a few hours
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I'm sure there will be a film made of this when the dust settles.
If they were smart enough then it will be difficult to prove in court that they did not work independently on this.
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