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#19 | |||
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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."] Last edited by arista; 29-01-2021 at 06:53 PM. |
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