Soxbadger

AMC over $10.5, seems the swarm is fighting back.

Ted Cruz has also agreed that it should be investigated.

Its going to get on the news, maybe it gets enough people to cause congress to investigate all of the bullshit that goes on in brokerage and trade platforms. Maybe it exposes Robinhood for the garbage that they are (https://www.finra.org/media-center/newsreleases/2019/finra-fines-robinhood-financial-llc-125-million-best-execution) This stuff has been going on forever. Back in the day it was called curbside trading where the brokers and everyone got together after hours and fixed their trades so everyone made money. My little hope is that it puts just a little bit of fear into the short selling hedge funds who think that they are untouchable and can manipulate stock prices for free money. I knew it was going to be a rout today, but change isnt free.

For me this isnt about making money. Its about creating publicity so that regular people may start to see what is really going on behind the curtain. The system is very rigged, but I never thought wall street would go this far and actually have certain platforms shut down buying.

I dont have TD, but from what I can tell it seems they are making certain types of trades (options etc) more difficult and have higher requirements. Many places already have these restrictions about margins etc because they theoretically could leave the brokerage liable if things went hectic. Maybe someone here has a TD account and can give more information, but if that is true, it is a lot different than a blanket restriction on buys for certain stocks. By restricting buys they are eliminating support positions which makes a drastic sell off much more likely. I fully expect to lose all the money that I put in, but it was to show solidarity. Nobody cares if a hedge fund or short seller tanks my stock position. So for today, Ill let them sweat a little.

Ive only heard Robinhood is doing this. My Fidelity account is working fine besides for early in the morning when the trading was overwhelmed. I hope this kills Robinhood as an IPO. They were already caught filling improperly and now they are forcing their customers to be unable to properly defend their positions.

Looks like Wall Street circled the wagons. I had a feeling that this would be a route today. Ill let me shares tank so others who may have actually risked money that they cant lose can salvage something.

Tomorrow could be one of the strangest days ever. If you want to watch the stocks are GME and AMC. Nokia, Bed Bath Beyond and Blackberry may also be strange, but GME and AMC seem to be the battlegrounds. I put very little in but will hold for solidarity. While I don't think this is legitimate, the financial industry has gotten away with stuff on the backs of regular people. It most likely will be a slaughter, but at least I can say I was there.

Mortimer Duke will.

I split my positions to AMC and Nokia. Its small enough that even if I lose it all it wont matter. I dont have time to defend my AMC position all day so I think that was the safest move. This is not legitimate trading, this is purely speculation built on trying to guess at media manipulation. Do not do this with any amount that you would wake up the next day regretting.

Agreed at least AMC is a legitimate company that you are buying during an insane economic downturn. There is some theory to that stock being better in a year from now. But what I am seeing with AMC has never happened. Over 816mil volume, back over $15 per share. This is literally people trying to find gold. (edit) This is the volume for shares today https://www.barchart.com/stocks/most-active/daily-volume-leaders Looks like similar plays may be being made on Nokia,

AMC may hit a billion volume. That is just beserk. It looked like 13.5 was the inflated floor, but then it went under $13. Now its at $14. The problem is small guys buying 100 lots get wiped by big guys selling 10k lots. Have all the big investors dumped yet? Or are they trying to see if they can push the floor further. If they all have dumped and you still have the buy frenzy it will pop. Also most people cant just sit on their computer and defend their positions all day long.

Its not sustainable. AMC is being beaten back by heavy hitters. They are on the look out now. A lot of people are going to lose money trying these games.

It just momentarily crashed fidelity and trading stopped again.

So I tried to get out, trading stopped so it didnt go through. Now its back to where it was before hahaa They must have had an insane sell order because its at 715Mil volume.

Im pretty sure they just stopped trading on it.

Institutions have to be dumping crazy. Its like a war right now. Its over 690 mil volume. That means in the last 15 minutes 40mil shares have been traded. That is the normal daily average. I dont think that normal people can beat back this type of sell off.

I think institutions are trying to prevent AMC. The volume is insane right now. 650mil already traded (the average volume for AMC is 40mil per day) its averaging like 10-30k per second at the moment. In comparison Gamestop is at 49mil volume today.

I put a little into AMC for the laughs.

$350 now haha

I for one am truly shocked that a fiscally conservative organization is not taking more economic risk during a time of unprecedented economic uncertainty.

Someone must have seen his masked singer performance.

I like Ball for free, but Im not sure that the Hornets give him away. If they want him for Thad Young alone thats fine. He has been a good player, but he could be replaced.

Just in case anyone is wondering, Ive never given any of you a post reaction. Thanks for caring.

He may not say it in public but there is no way he isn't thinking that if GB took a WR in round 1 they are in the Super Bowl.