[arista]

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."]

[bitontheslide]

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

[Scarlett.]

Originally Posted by LeatherTrumpet

now Reddit know they can do this

this will happen again

I hope so

[arista]

Originally Posted by bitontheslide

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]

Originally Posted by Scarlett.

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]

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

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

[arista]

[arista]

[Oliver_W]

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]

Originally Posted by Oliver_W

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]

They have made it very difficult to buy stock for now

[Cherie]

Originally Posted by arista

.

[Oliver_W]

Originally Posted by arista

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

[Scarlett.]

Originally Posted by Oliver_W

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]

Originally Posted by Scarlett.

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.]

Originally Posted by Oliver_W

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.

[Tom4784]

Originally Posted by Oliver_W

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

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]

Deep F...ing

Is one Unmasked in Boston Trader





This image Wording mix
is on Reddit.

[arista]

Monday AMC USA
is halting share trading.

[LeatherTrumpet]

Youtube video

[Oliver_W]

Originally Posted by Dezzy

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

[Toy Soldier]

Originally Posted by Oliver_W

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

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 .

[Ammi]

[Oliver_W]

Originally Posted by Toy Soldier

Or people who manipulate the stock market by shorting stocks

That too 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

[arista]