The SEC just turns a blind eye to it. There will never be a level playing field until Congress steps in. So there will never be a level playing field. [Reply]
A lot of people, likely in the hundreds so far have submitted complaints to the SEC about the obvious AMC stock manipulation today. I'm sure in the end they will side with the billionaire hedge funds but this should at least force them to look into it. [Reply]
"HF are using computers to sell at $14 and buy the same amount of stock if not more at lower prices and are just rinse and repeating constantly, which is why we can’t break past $14. In other words it is just straight up market manipulation."
If they keep putting unlimited amounts of stock for sale @$14, it's gonna be hard to break through.
They offer 50 million shares at $14 and offer to buy at $13.97, they can control price for a short term. [Reply]
Originally Posted by MTG#10:
The SEC just turns a blind eye to it. There will never be a level playing field until Congress steps in. So there will never be a level playing field.
One thing I know for sure. If congress steps in it won’t be to help Robinhood investors. Somehow the narrative remains that Reddit is wrecking the market. As absurd as that narrative is. [Reply]
Originally Posted by lewdog:
Wonder if we should be selling then?
I'm considering selling off everything and investing in only crypto. When you're playing a rigged game and the refs refuse to make your opponent obey the rules what's the point? Yeah probably just emotions talking but FUCK! [Reply]
Originally Posted by lewdog:
Wonder if we should be selling then?
This is mirroring GME, which eventually popped up but nowhere near predicted levels. They are stalling and minimizing the ultimate damage. But Reddit guys are now touting a $10K bottom now so I don't fucking know. I do know we'd all appreciate it so much of you didn't sell. Thanks. [Reply]
Originally Posted by lewdog:
Wonder if we should be selling then?
AMC? I'm not sure, but I'm still holding my 256 shares. I've got just a little over a $10 average so I'm still good. Shorts got this by the balls though, they proved that today when it couldn't break 14 for long. [Reply]
Originally Posted by rydogg58:
AMC? I'm not sure, but I'm still holding my 256 shares. I've got just a little over a $10 average so I'm still good. Shorts got this by the balls though, they proved that today when it couldn't break 14 for long.
Originally Posted by lewdog:
Yes AMC. My shares are $10 as well.
I still think we can be looking at close to $20 by the time summer rolls around and shit starts opening up. 2nd quarter should be a good one for them, so I'm probably just going to hold and keep an eye on it if it starts falling. [Reply]
New update from the CEO just out (if you did not get it subscribe to their newsletter). Especially pay attention to the last sentence: "I look forward to being able to share some more exciting news about the progress we are making soon."
Full letter:
Dear Investor,
Well as you will have seen we have been busy.
I am pleased to say that the stated investment in new people, partners, and integrations is happening, with our hiring process and integrations in full swing.
Integrations as explained, add value to our platform in three ways:
1. They make the lives of our users and clients easier.
2. They provide exposure to Moovly and its products to users of other platforms
3. They create value in the assets of the company (literally on the balance sheet) and to any potential acquirer.
You can find a list of the integrations on our website with a short description.
Twitter Integration:
We most recently announced an integration with Twitter. This integration means that Moovly clients can now publish their videos to Twitter with the click of a button or making use of our Automator technology they can publish videos without a click. The latter being especially useful for companies seeking to send out news, updates, and announcements automatically based on a press release, a blog or news article etc. Those videos being eyeball catchers drawing traffic back to their website etc for more info.
Thank you for your continued support in our company. I look forward to being able to share some more exciting news about the progress we are making soon.
Originally Posted by Buehler445:
One thing I know for sure. If congress steps in it won’t be to help Robinhood investors. Somehow the narrative remains that Reddit is wrecking the market. As absurd as that narrative is.
They are wrecking the their market. For the first time in my life I am trading individual stocks. I've done 3 trades. All three have been turds due to shit like today. [Reply]
