nice
dtcc and plumbing
the system is broken. we need a new one for this nonsense
Err how would two shares in AMC be worth £1000
After seeing Adam Dodds tweets on 30th January my faith is restored and I hope I didn’t come off too whinny in previous post. I snorted into my coffee laughing
Apologies for my last post (temp ban was well deserved), it was definitely out of line and combative.
As expected, shortly after my message FreeTrade stopped US trading but, fortunately, did not “pull a Robinhood”, you guys were very transparent on what happened and kept us in the loop at every step.
Of course many are annoyed by the situation but there’s probably nothing FreeTrade can do if the other big boys are now changing the rules. So keep it up, and I wish for FreeTrade and everyone here to have a bright future ahead! 
It probably wont, its not shorted anywhere near as much as GME. But, with the amount of publicity it’s getting along side GME, I can see it going up again this week.
Even with it being shorted less, there’s 7 million members on r/WSB now, so if only 5% of those decide to buy AMC off the back of all the GME hype, the stock will probably go up.
It’s all being fuelled by social media at this point, lots of new people getting trading app’s and trying to take a piece of the pie.
I was replying to some ones message who has now deleted it, he was complaining about missing out on selling his two shares for £1000, which didn’t make sense.
Both these meme stocks (GME and AMC) are now on their way back down, I suspect forever because the companies are on the ropes financially amidst a pandemic. I have mixed feelings about Freetrade facilitating lots of people losing their money in the stock market and treating it like a casino.
I wonder what narrative will be constructed at wsb to justify this? Last I looked it was full of people shouting about 
. So many people will have lost money on this if they got in in the last few days, transferring it to those who got in earlier and promoted the stock as a sure thing. It makes me both a little sad and a little nervous for the wider market to see this play out.
The trouble is everyone jumps on the band wagon thinking they will make money from the gravytrain but of course some will but many won’t
Companies on the brink are usually taken over through mergers and acquisitions or is that murders and executions. 
Ultimately it was always going to be a gamble with a high risk-reward potential. Personally I don’t believe it’s all over so I’ll be holding and getting my average cost down as far as I feel comfortable. Only put in what you can afford to lose 
I agree with you that people shouldn’t be promoting stuff as a sure thing though - no such thing right?
The three rules of finance:
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There’s no such thing as a free lunch
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A bird in the hand is better than two in the bush
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Stonks!
*not my rules.
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