Home Menu

Site Navigation


Notices

Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics.

Register to reply Log in to reply
 
Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
Old 29-01-2021, 05:03 PM #19
arista's Avatar
arista arista is offline
Senior Member
 
Join Date: May 2006
Posts: 190,164
arista arista is offline
Senior Member
arista's Avatar
 
Join Date: May 2006
Posts: 190,164
Default

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."]

Last edited by arista; 29-01-2021 at 06:53 PM.
arista is offline  
Register to reply Log in to reply

Bookmark/share this topic

Tags
bad, boys, chic, market, stock, talks, usa


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 07:38 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2026 DragonByte Technologies Ltd.
 

About Us ThisisBigBrother.com

"Big Brother and UK Television Forum. Est. 2001"

 

© 2023
no new posts