AMC OMG WTF

I'm not sure how you can say "you can't buy this stock that is publicly traded, you can only reduce your position and take your loss".

But they did.
 
You have to wonder if this opens them up to some class action suit or something. It should at least kill Robinhood. More than half of Robinhood users own some GME.

I can't imagine they're going to want to keep their money with Robinhood.
 
In these "free" brokers, the customers are not the users. So of course the brokers do what the actual customers want (the hedge funds who pay for order flow) instead of what the users want by shutting down trading of GME/AMC. Subsidizing incumbent big business under the pretense of consumer protection is nothing new -- I'd argue almost all regulation has almost always been that way.
 
Today AMC share price opened at 11.72. In a matter of 5 minutes, trading was stopped twice on the way to 16 when the announcement was made that TDA is restricting trading of the shares. From that moment, the price dropped from 16.56 to 10.45 in a matter of 45 minutes while halted again twice on the way down.

Update: less than an hour since the announcement and the price has now dropped to 7.13 and triggered another breaker, the 8th or more since the market opened.
 
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i'm having issue for the 2nd day with td ameritrade mobile app. one thing i've learn. free market isn't really free. it is still ruled by the old rich white folks. it always been this way and will be the way till you died...lol
 
VicBee said:
Today AMC share price opened at 11.72. In a matter of 5 minutes, trading was stopped twice on the way to 16 when the announcement was made that TDA is restricting trading of the shares. From that moment, the price dropped from 16.56 to 10.45 in a matter of 45 minutes while halted again twice on the way down.
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Its rigged against the retails and they are making it blatantly obvious to the world.
 
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