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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."] |
market manipulation is illegal no matter who does it, whether it is a group of small individuals are large corporations
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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 |
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Its been great to watch this unfold |
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.. |
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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
Democrat Party, my foot. |
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They are using Special Private Chat rooms and are Colluding So Game Stop USA is UP at this time |
They have made it very difficult to buy stock for now
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Deep F...ing
Is one Unmasked in Boston Trader https://i.redd.it/l1r20p3vshe61.png This image Wording mix is on Reddit. |
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Nigel explains about this
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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 :) |
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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:. |
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