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-   -   USA Chic talks about the Stock Market bad boys (https://www.thisisbigbrother.com/forums/showthread.php?t=373151)

arista 29-01-2021 04:03 PM

https://www.bbc.co.uk/news/business-55843829
same link from page 1.

[Melissa Holdren, a 43-year-old nurse who
lives in the US state of Massachusetts,
was so angry about the clampdown
by the trading platforms that it spurred
her to buy into one of the companies affected.

She used her account at Fidelity,
a major brokerage known for its
mutual funds, to purchase about $500
worth of shares in AMC Entertainment,
which like GameStop has had its
share purchases restricted by some brokerages.
It was a first for the 43-year-old nurse,
who has always relied on big companies
to manage her retirement investments for her.
"I find it very questionable that a
private corporation could one-way
block the purchases of stock," she says.
"It doesn't seem right.
If you're worried about market volatility
why are you only blocking one side of the transactions?"

Melissa, whose grandfather made his living as an
independent stock trader, says she knows she could
lose money if AMC's stock falls.
But she is hoping her small investment will help
the AMC movie theatre chain survive - while taking
a stand against Wall Street.

"In general we need to rethink a lot of our
financial structures," she says.
"After the 2008 crash... it became made it clear that
a lot of the financial market was divorced
from reality in a way that I don't think
is healthy", she said
"To be specifically concerned with what's going on
on Reddit right now and not be concerned
about that larger picture I think is specious."]

bots 29-01-2021 05:11 PM

market manipulation is illegal no matter who does it, whether it is a group of small individuals are large corporations

Scarlett. 29-01-2021 05:26 PM

Quote:

Originally Posted by LeatherTrumpet (Post 10992505)
now Reddit know they can do this

this will happen again

I hope so

arista 29-01-2021 05:52 PM

Quote:

Originally Posted by bitontheslide (Post 10992572)
market manipulation is illegal no matter who does it, whether it is a group of small individuals are large corporations


Yes but it is going on
and fast.
Of course among these non-professional's
there are other Mischief Makers
who will bring down some Hedge Funds.
https://en.wikipedia.org/wiki/Hedge_fund


As from that BBC link, I posted today
they are not Professional traders
they give their justifications.

https://www.bbc.co.uk/news/business-55843829

AnnieK 29-01-2021 05:59 PM

Quote:

Originally Posted by Scarlett. (Post 10992588)
I hope so

I heard the Reddit people are going to.move to Blackberry on Wednesday.

Its been great to watch this unfold

Oliver_W 29-01-2021 06:15 PM

All I think of when I hear GameStop is that crazy IT'S MAAM video from a couple of years ago :joker:

I don't think we have them in the UK? Unless Game is part of the same Umbrella..

arista 29-01-2021 10:12 PM

https://pbs.twimg.com/media/Es7064XW...jpg&name=small

arista 29-01-2021 10:16 PM


Oliver_W 30-01-2021 08:03 AM

I find it interesting how the Swamp is up in arms over this, and planning to(?) close the loopholes which were exploited ... When the megacorps and big banks screw everyone over that's A-Okay, but poor ordinary people find a way to do it and it's suddenly something which needs to be clamped down on.

Democrat Party, my foot.

arista 30-01-2021 09:06 AM

Quote:

Originally Posted by Oliver_W (Post 10992742)
I find it interesting how the Swamp is up in arms over this, and planning to(?) close the loopholes which were exploited ... When the megacorps and big banks screw everyone over that's A-Okay, but poor ordinary people find a way to do it and it's suddenly something which needs to be clamped down on.

Democrat Party, my foot.



They are using Special Private Chat rooms and are Colluding


So Game Stop USA is UP
at this time

Cherie 30-01-2021 09:27 AM

They have made it very difficult to buy stock for now

Cherie 30-01-2021 09:28 AM

Quote:

Originally Posted by arista (Post 10992689)

.

Oliver_W 30-01-2021 09:42 AM

Quote:

Originally Posted by arista (Post 10992689)

I'm all for sticking it to the man. I'm not an edgy 12 year Old on Reddit so I'm not gonna unironically use the phrase "eat the rich" ... But that :joker:

Scarlett. 30-01-2021 10:19 AM

Quote:

Originally Posted by Oliver_W (Post 10992742)
I find it interesting how the Swamp is up in arms over this, and planning to(?) close the loopholes which were exploited ... When the megacorps and big banks screw everyone over that's A-Okay, but poor ordinary people find a way to do it and it's suddenly something which needs to be clamped down on.

Democrat Party, my foot.

The Republicans would do the same, these politicians likely have money tied up in stonks too

Oliver_W 30-01-2021 10:25 AM

Quote:

Originally Posted by Scarlett. (Post 10992810)
The Republicans would do the same, these politicians likely have money tied up in stonks too

Oh I don't doubt it. It's just the Dems are in charge now, and also the closest the USA has to a mainstream Left, and even then they're probably slightly to the right of our Tories...

Scarlett. 30-01-2021 10:29 AM

Quote:

Originally Posted by Oliver_W (Post 10992814)
Oh I don't doubt it. It's just the Dems are in charge now, and also the closest the USA has to a mainstream Left, and even then they're probably slightly to the right of our Tories...

Indeed, it's always funny to hear the US thinks of the Dems as being super left wing. :laugh:

Tom4784 30-01-2021 03:03 PM

Quote:

Originally Posted by Oliver_W (Post 10992797)
I'm all for sticking it to the man. I'm not an edgy 12 year Old on Reddit so I'm not gonna unironically use the phrase "eat the rich" ... But that :joker:

Are you really all for 'sticking it to the man' if you're gonna make out people who are actually doing their bit to drain these Hedge Funds as 'edge 12 year olds on Reddit?' Because that's how this started, on Reddit.

arista 30-01-2021 04:16 PM

Deep F...ing

Is one Unmasked in Boston Trader


https://i.redd.it/l1r20p3vshe61.png


This image Wording mix
is on Reddit.

arista 30-01-2021 04:31 PM

https://i.redd.it/sr2mnlsyaee61.jpg


Monday AMC USA
is halting share trading.

Crimson Dynamo 30-01-2021 04:44 PM

Nigel explains about this
 

Oliver_W 30-01-2021 05:02 PM

Quote:

Originally Posted by Dezzy (Post 10992932)
Are you really all for 'sticking it to the man' if you're gonna make out people who are actually doing their bit to drain these Hedge Funds as 'edge 12 year olds on Reddit?' Because that's how this started, on Reddit.

I'm guessing said redditors are older than 12 though, and probably above such silly phrases.

ETA: The reason I see "eat the rich" as being silly and juvenile compared to "stick it to the man" is because The Man is government, huge megacorps, bankers, and so on. The rich is just people with a lot of money, be it people who worked really hard, or lottery winners, or simply inheritors :)

user104658 30-01-2021 09:41 PM

Quote:

Originally Posted by Oliver_W (Post 10992961)
The rich is just people with a lot of money, be it people who worked really hard, or lottery winners, or simply inheritors :)

Or people who manipulate the stock market by shorting stocks :whistle:

This week has all but proven that hard work has little to do with it, and luck has little to do with it... Systems of wealth are a bad joke :shrug:.

Ammi 31-01-2021 07:22 AM

https://static.boredpanda.com/blog/w...44f80__700.jpg

Oliver_W 31-01-2021 09:03 AM

Quote:

Originally Posted by Toy Soldier (Post 10993073)
Or people who manipulate the stock market by shorting stocks :whistle:

That too :joker: I don't think people fcking with the fatcats deserve to be eaten!

Spoiler:

Ironically when I was looking at where to put some money in early winter, Big Game Shops were high on list, because I knew new consoles and high profile games were coming out, along with another lockdown I knew to be inevitable. I decided to put it elsewhere, for which I'm kicking myself :joker:

arista 02-02-2021 02:43 PM



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