One correction... it is not the SEC putting the brakes on, it is the NYSE. Carry on!
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One correction... it is not the SEC putting the brakes on, it is the NYSE. Carry on!
It is automatic and designed to reduce the risk of flash crashes caused by momentum algo trading. It reduces systemic risk and anyone trying to game the market has to contend with the circuit breakers.Originally Posted by dawg80
Well D80.. I jumped on the AMC bandwagon last Friday.. was only hoping for 10% quick money. Well I sold today after 5 days for almost 40% return.. I'll take that all day everyday. My luck it will continue its run.. but I'm very happy with this. Helps improve my overall for the year as some of my investments in mutual funds haven't had the same ROR as they have in the last 3 years under Trump. I just hope that we don't go back to the stale 4-5% ROR.
Good for you! Sometimes it's hard to pull the trigger to maximize your gains and not suffer a "Ooops!" I should have sold yesterday glitch. I do that a lot. Did it to myself again earlier this week.
I have sold most of my AMC holding, had about an $8 cost average and sold at close to $58 overall. Still sitting on 200 shares. That's it! Holding these just for the fun of it. Might sell when the price hits $1,000/sh like some goofy people think it will, hah!
Congrats!
GE is doing a 1 for 8 reverse split. There is no, one, consensus of opinion on whether this is a good or bad thing. Opinions are running 50-50. In general, not just looking at GE, sometimes they help...like lifting a stock onto an exchange and that begets additional exposure and interest, and sometimes it is a sign of desperation, a dying last-minute attempt to save a drowning company.
GE has been taking steps to shed itself of albatrosses, weak holdings, and shore up its financials, so why this seemingly desperate measure, and why now?
Come on SEC, just do it! One more easy step left...
How Soon Will Hedge Funds Get Margin Called? (AMC) - Franknez.com
A hedge fund, HQed in London, has declared bankruptcy and goes down in flames thanks to the Ape Army and the battlefields of GME and AMC. White Square Capital will be the first of many, many hedgies to be shot out of the sky by the Apes. Yeah, baby!
I thought this was supposed to be a serious thread…
VERY serious!
Oh, I suppose Janet Yellen is one of the "chosen few" Swampers/commies who get a free pass no matter what, eh? You will note I did not offer an opinion on the matter, only mentioned her name because she was mentioned in the video. Never even considered, even for a second, there was anything special about it or that someone on this forum would have his feathers ruffled by it. But...now without provocation you have once again revealed your true self(not that I needed the revelation) perhaps others here who tend to error by giving you the benefit of the doubt will have their eyes opened a tad more. And since YOU made an issue of it...
I do find it disturbing how these Swampers get these speaking fees for entities they regulate, etc...
Was Janet Yellen a government official when she was receiving speaking fees?
You think that matters?
Absolutely. You think it doesn’t?
No.
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