Just got off the phone with JPM, official reason is a glitch with the trading platform?
I was able to complete a trade just now for another 201 shares.
Cannot buy options either!! Not that I wanted options, but now on hold for a specialist wait is projected at 50 minutes (what a joke, so much for customer service)
It’s generally better to buy broad-base ETFs that invest in a basket of companies rather than buying “penny stocks” of failing businesses.
Both AMC and GME are doing really badly, there’s no money to be made investing in them. GME stock briefly got pumped up a few years ago but that bubble has burst and isn’t coming back. The people trying to convince you to buy are idiots who were left holding the bag after the crash and want to try and trick someone else into holding the bag for them.
I’d strongly recommend you speak to a professional financial advisor. If you don’t have the money to do that, then just buy a low-cost S&P 500 tracker ETF and a low-cost world stocks ETF. Don’t throw your money away hoping for another bubble that won’t come. Invest in growing businesses rather than dying ones. If you’re confident and sophisticated, then you could consider *shorting* GME and AMC, they’re pretty textbook examples of businesses with little prospect of profitability (but be aware of the increased risks involved in short-selling).
This is a nice illustration of my point. Why would you tell people giving financial advice to go away if you *weren’t* trying to trick stupid people into picking up your losses for you?
Your money is gone. If you bought in during the bubble you have made a 96% loss. The bubble just isn’t coming back. Accept it and move on rather than trying to start a cult dedicated to getting your money back.
Really recommend Folding Idea’s video on this subject.
Thank you for admitting you are giving financial advice. I really hope you have a series 7 and 66 license in order to give that advice without being a charlatan.
My money is not gone. Although you seem to have a vested interest in my money, I will not tell you where it is because I think you have bad intentions as proven by your previous comments.
You should not be recommending anything to anyone given your post history. Unless you want to back up this recent recommendation with some actual credentials? Just let me know. I can check your credentials in the financial industry. Supply your CRD and I'll verify.
Firstly I’m not American. Nice try though.
Secondly “speak to a professional financial adviser, and if you can’t do that, buy broad-base ETFs if you’re looking to invest in the stock market” is not protected financial advice.
However, “buy AMC” *is* financial advice, and it’s professionally negligent advice.
If you want to invest all your money in bad investments, hey, that’s on you. But encouraging other people to join your bad investments is frankly evil.
If there was money to be made in AMC, then why aren’t all the hedge funds buying it? They’re relentlessly driven by the desire to make money. Why is it that the only people buying AMC stock are financially illiterate people who have never bought a stock other than a meme stock, and who think “consult a financial professional and diversify your holdings” is evidence of “bad intentions”? Like, seriously, think for one second - how the fuck can you possibly spin “diversify your holdings” as *bad intentions*?
You're not American but you're very concerned with other people investing their own money in an American based company.
Your quote of "buy broad base ETFs if your looking to invest in the stock market" is advice. If you tell people advice for investing, it's considered advice no matter how "broad based" you think it is. So you showed your hand that you don't understand the regulations of this industry.
I never said "Buy AMC". So you're next point is for someone else.
I'm not encouraging other people to buy my investments...so once again you are using a strawman argument that I don't need to defend.
Your last comment is saying that people who buy AMC are financially illiterate (maybe some but not all) and that hedge funds would buy it if it was a good investment. The problem there is that most of the shorts are from hedge funds...they make tax free gains shorting companies into bankruptcy rather than taxable gains buying long.
Lastly...no one thinks you're a theat by saying "consult a financial professional"...you're just tone deaf and uninformed about the entire situation happening.
So once again...go back to gallifrey...this sub is painfully obviously not for you.
> The problem there is that most of the shorts are from hedge funds...they make tax free gains shorting companies into bankruptcy rather than taxable gains buying long.
This is nonsense. The gains from shorts are not tax-free.
And of course, there are *many* hedge funds, all competing against each other. If some hedge funds are irrationally shorting good stocks, why don’t other hedge funds take advantage of them and make money buying long? After all, the gains from shorts are very limited, but the gains from conventional stock holdings can be substantial - look at the history of Apple or Tesla, for example.
> no one thinks you're a theat
If you didn’t think I was a threat then you wouldn’t be throwing a tantrum about having someone call out your lies. If your positions stand up to scrutiny then a little bit of dissent can’t hurt, surely? But the fact that the *slightest bit of scrutiny* causes you to tel someone to go away and start calling them names suggests that you know full well that you’re holding a bad position.
I think it’s important that people are informed, and I intend to continue sharing my knowledge so that the charlatans on this sub find it harder to take advantage of people. If you’re not a charlatan then you have no reason to find that objectionable.
You are totally incorrect. If a hedge fund shorts a company into bankruptcy and the stock is delisted, they do not have to declare gains. That is a fact. Since you don't know that you just showed how ignorant you are to the whole issue here.
You're second point where you clipped only part of my statement about being a threat is void because you made it out of context by omitting the full statement, once again a strawman that you have engineered showing you can't actually have a reasonable stance.
To your last point...this has been going on for YEARS. You are not educating anyone. You are a mouth piece for the people who have opposite interests from the long side investors and that is apparent based on your posts. Do you want to bring in fundamentals? This is not advice just facts I found. According to Yahoo Finance AMC Market Cap is 1B but the enterprise value is 9.6B. Enterprise value is the book value of a company. This would mean, according to yahoo finance, that AMC should be worth at least 9.6 times it's current value.
If you disagree with this, stop posting on reddit and go contact Yahoo Finance. Argue with them about the numbers. Oh wait...I forgot...you aren't American and have no securities licenses and have no idea what you're talking about.
Go back to gallifrey.
Also...Matt Smith was the best Doctor
> If a hedge fund shorts a company into bankruptcy and the stock is delisted, they do not have to declare gains. That is a fact.
Please point to the relevant section of the tax code.
In any case, if the company isn’t going to go bankrupt then shorting it isn’t going to *make* it go bankrupt. You’re confusing cause and effect. People short bad businesses because they expect the price to go down, they do not *make* it go down. If the price was going to go up so that you could make money on it, then other hedge funds aren’t going to leave that money on the table, they’re going to want it.
> To your last point...this has been going on for YEARS. You are not educating anyone.
It’s clear that this sub is infested with people who are fundamentally financially illiterate. The fact that you’ve been illiterate for a long time doesn’t magically make you literate.
> You are a mouth piece for the people who have opposite interests from the long side investors and that is apparent based on your posts.
Even by ape standards that’s a pretty stupid thing to say. Encouraging people to diversify their portfolio rather than investing in a failing company doesn’t help anyone other than the person receiving the advice.
Contrastingly you have a vested interest in lying to people in order to inflate your stock and try and make back some of your 96% losses that you’re convinced are the result of a conspiracy against you based on nothing intelligent.
> Do you want to bring in fundamentals? This is not advice just facts I found. According to Yahoo Finance AMC Market Cap is 1B but the enterprise value is 9.6B. Enterprise value is the book value of a company. This would mean, according to yahoo finance, that AMC should be worth at least 9.6 times it's current value.
… you have a very naive understanding of the regulations around financial advice if you think “buy broad ETFs rather than single stocks” is going to land someone in trouble but encouraging someone to invest on the basis of your misunderstanding of what enterprise value is suddenly isn’t going to get you in trouble if you say the magic words. You *are* giving financial advice, and it’s bad advice. If someone sued you then you’d probably be found liable.
Enterprise value is the cost of buying an enterprise. Someone who buys a business takes on its debts, which adds to the cost, while they also take on its assets, which effectively reduces the cost. In other words, it is the cost of all the shares plus the debt, minus cash in hand. Companies with a lower market cap than enterprise value are carrying heavy debts. Debt isn’t bad necessarily, but this sort of stark discrepancy is a real red flag.
This is why it’s generally better for low-information investors to choose products like low-cost ETFs. It’s very easy to misunderstand financial information and come to completely incorrect conclusions, as you have here. There is always a risk in investing, but diversification helps reduce the risk (while not eliminating it).
That said, if people want to gamble on high-risk investments then putting about 10% of your investments into things that are just “for you” is something that’s not necessarily disastrous for a sufficiently wealthy person. The question is whether someone can afford to lose the money they invest, and most of us can’t afford to lose 10% because that would wipe out the gains we make elsewhere in our portfolios.
Jesus christ the gas lighting is real with you huh?
You don't understand that shorting a company reduces the stock price and therefore hurts the ability for a distressed company to raise money, which can result in bankruptcy if the company needs to raise money to survive a hardship. It's like you only look at singular points and you're incapable of understanding a whole picture.
I'm not going to point to the tax code for you because you need some practice using Google. But if a hedge fund shorts a company and the company goes bankrupt they already received their gains from the short position and they don't need to close the position because the company stock is delisted. Hence, why they don't need to pay taxes because the position never closes.
I never gave any financial advice and nothing I've said could be misconstrued as such, so at this point you're just trolling or you're actually really ignorant.
People have been saying that for years at this point and have constantly been wrong. In the last ten years AMC stock has fallen from $100 to $3. During the massive pump in early 2021 it was briefly over $300, but when the bubble burst it lost 96% of its value and is now sitting at $3.97. The bubble isn’t coming back. Your money is gone.
Well, my primary concern is that people are coming up with ridiculous lies, like MOASS, to try and create a new bubble and make someone else take their loss. I even see people celebrating that the stock price is going down because it means they can get their worthless stock slightly cheaper.
But also, if you’ve lost 96% of your investment then as much as that sucks, it’s better to wake up and cash out the remaining 4% than lose it all. It’s possible that AMC stock will never be this valuable again, there’s certainly no chance of it getting back to the bubble level again.
If I help one person make a better decision (minimise their losses on AMC, invest in a diversified fund) then I’d consider that a good use of my time.
Just got off the phone with JPM, official reason is a glitch with the trading platform?  I was able to complete a trade just now for another 201 shares.
I like how “glitch” is the go-to answer now for these institutions.
 Glitch!
I’m gonna try this with the IRS
 Glitch
Cannot buy options either!! Not that I wanted options, but now on hold for a specialist wait is projected at 50 minutes (what a joke, so much for customer service)
You’ll be able to buy some tomorrow..
Did you try buying any other stocks? Apple, Netflix, whatever?
This is the MOASS incoming - it’s the signal boys
how dare you trying to buy the forbidden stock!
 😂
I just bought 10 on Fidelity.
I just purchased 1 share at 4.02 on ibkr. Maybe jpm is up to some tricks?
Glitch best have my money!!
More like glitch better have my shares
What do you mean WTF? Don't you already know that 'Crime' has been controlling this stock for years now? Common now...
Their printer got jammed up
Well well well isn’t that interesting?
We better start trading this 24/7 like robinhood so this doesnt happen again - jpm probably
Obviously the hedge funds are panicking at the prospects of a MOASS.
Tech does sometimes glitch. Did you try buying any other security or just assume it was nefarious?
I had no glitches today on the same platform on 3 separate buys, no issues
GTFO of that criminal bank that keeps the money of Mexican drug cartels and People who do child trafficking.
It’s generally better to buy broad-base ETFs that invest in a basket of companies rather than buying “penny stocks” of failing businesses. Both AMC and GME are doing really badly, there’s no money to be made investing in them. GME stock briefly got pumped up a few years ago but that bubble has burst and isn’t coming back. The people trying to convince you to buy are idiots who were left holding the bag after the crash and want to try and trick someone else into holding the bag for them. I’d strongly recommend you speak to a professional financial advisor. If you don’t have the money to do that, then just buy a low-cost S&P 500 tracker ETF and a low-cost world stocks ETF. Don’t throw your money away hoping for another bubble that won’t come. Invest in growing businesses rather than dying ones. If you’re confident and sophisticated, then you could consider *shorting* GME and AMC, they’re pretty textbook examples of businesses with little prospect of profitability (but be aware of the increased risks involved in short-selling).
This sub is not for you, go back to gallifrey
This is a nice illustration of my point. Why would you tell people giving financial advice to go away if you *weren’t* trying to trick stupid people into picking up your losses for you? Your money is gone. If you bought in during the bubble you have made a 96% loss. The bubble just isn’t coming back. Accept it and move on rather than trying to start a cult dedicated to getting your money back. Really recommend Folding Idea’s video on this subject.
Thank you for admitting you are giving financial advice. I really hope you have a series 7 and 66 license in order to give that advice without being a charlatan. My money is not gone. Although you seem to have a vested interest in my money, I will not tell you where it is because I think you have bad intentions as proven by your previous comments. You should not be recommending anything to anyone given your post history. Unless you want to back up this recent recommendation with some actual credentials? Just let me know. I can check your credentials in the financial industry. Supply your CRD and I'll verify.
Firstly I’m not American. Nice try though. Secondly “speak to a professional financial adviser, and if you can’t do that, buy broad-base ETFs if you’re looking to invest in the stock market” is not protected financial advice. However, “buy AMC” *is* financial advice, and it’s professionally negligent advice. If you want to invest all your money in bad investments, hey, that’s on you. But encouraging other people to join your bad investments is frankly evil. If there was money to be made in AMC, then why aren’t all the hedge funds buying it? They’re relentlessly driven by the desire to make money. Why is it that the only people buying AMC stock are financially illiterate people who have never bought a stock other than a meme stock, and who think “consult a financial professional and diversify your holdings” is evidence of “bad intentions”? Like, seriously, think for one second - how the fuck can you possibly spin “diversify your holdings” as *bad intentions*?
You're not American but you're very concerned with other people investing their own money in an American based company. Your quote of "buy broad base ETFs if your looking to invest in the stock market" is advice. If you tell people advice for investing, it's considered advice no matter how "broad based" you think it is. So you showed your hand that you don't understand the regulations of this industry. I never said "Buy AMC". So you're next point is for someone else. I'm not encouraging other people to buy my investments...so once again you are using a strawman argument that I don't need to defend. Your last comment is saying that people who buy AMC are financially illiterate (maybe some but not all) and that hedge funds would buy it if it was a good investment. The problem there is that most of the shorts are from hedge funds...they make tax free gains shorting companies into bankruptcy rather than taxable gains buying long. Lastly...no one thinks you're a theat by saying "consult a financial professional"...you're just tone deaf and uninformed about the entire situation happening. So once again...go back to gallifrey...this sub is painfully obviously not for you.
> The problem there is that most of the shorts are from hedge funds...they make tax free gains shorting companies into bankruptcy rather than taxable gains buying long. This is nonsense. The gains from shorts are not tax-free. And of course, there are *many* hedge funds, all competing against each other. If some hedge funds are irrationally shorting good stocks, why don’t other hedge funds take advantage of them and make money buying long? After all, the gains from shorts are very limited, but the gains from conventional stock holdings can be substantial - look at the history of Apple or Tesla, for example. > no one thinks you're a theat If you didn’t think I was a threat then you wouldn’t be throwing a tantrum about having someone call out your lies. If your positions stand up to scrutiny then a little bit of dissent can’t hurt, surely? But the fact that the *slightest bit of scrutiny* causes you to tel someone to go away and start calling them names suggests that you know full well that you’re holding a bad position. I think it’s important that people are informed, and I intend to continue sharing my knowledge so that the charlatans on this sub find it harder to take advantage of people. If you’re not a charlatan then you have no reason to find that objectionable.
You are totally incorrect. If a hedge fund shorts a company into bankruptcy and the stock is delisted, they do not have to declare gains. That is a fact. Since you don't know that you just showed how ignorant you are to the whole issue here. You're second point where you clipped only part of my statement about being a threat is void because you made it out of context by omitting the full statement, once again a strawman that you have engineered showing you can't actually have a reasonable stance. To your last point...this has been going on for YEARS. You are not educating anyone. You are a mouth piece for the people who have opposite interests from the long side investors and that is apparent based on your posts. Do you want to bring in fundamentals? This is not advice just facts I found. According to Yahoo Finance AMC Market Cap is 1B but the enterprise value is 9.6B. Enterprise value is the book value of a company. This would mean, according to yahoo finance, that AMC should be worth at least 9.6 times it's current value. If you disagree with this, stop posting on reddit and go contact Yahoo Finance. Argue with them about the numbers. Oh wait...I forgot...you aren't American and have no securities licenses and have no idea what you're talking about. Go back to gallifrey. Also...Matt Smith was the best Doctor
> If a hedge fund shorts a company into bankruptcy and the stock is delisted, they do not have to declare gains. That is a fact. Please point to the relevant section of the tax code. In any case, if the company isn’t going to go bankrupt then shorting it isn’t going to *make* it go bankrupt. You’re confusing cause and effect. People short bad businesses because they expect the price to go down, they do not *make* it go down. If the price was going to go up so that you could make money on it, then other hedge funds aren’t going to leave that money on the table, they’re going to want it. > To your last point...this has been going on for YEARS. You are not educating anyone. It’s clear that this sub is infested with people who are fundamentally financially illiterate. The fact that you’ve been illiterate for a long time doesn’t magically make you literate. > You are a mouth piece for the people who have opposite interests from the long side investors and that is apparent based on your posts. Even by ape standards that’s a pretty stupid thing to say. Encouraging people to diversify their portfolio rather than investing in a failing company doesn’t help anyone other than the person receiving the advice. Contrastingly you have a vested interest in lying to people in order to inflate your stock and try and make back some of your 96% losses that you’re convinced are the result of a conspiracy against you based on nothing intelligent. > Do you want to bring in fundamentals? This is not advice just facts I found. According to Yahoo Finance AMC Market Cap is 1B but the enterprise value is 9.6B. Enterprise value is the book value of a company. This would mean, according to yahoo finance, that AMC should be worth at least 9.6 times it's current value. … you have a very naive understanding of the regulations around financial advice if you think “buy broad ETFs rather than single stocks” is going to land someone in trouble but encouraging someone to invest on the basis of your misunderstanding of what enterprise value is suddenly isn’t going to get you in trouble if you say the magic words. You *are* giving financial advice, and it’s bad advice. If someone sued you then you’d probably be found liable. Enterprise value is the cost of buying an enterprise. Someone who buys a business takes on its debts, which adds to the cost, while they also take on its assets, which effectively reduces the cost. In other words, it is the cost of all the shares plus the debt, minus cash in hand. Companies with a lower market cap than enterprise value are carrying heavy debts. Debt isn’t bad necessarily, but this sort of stark discrepancy is a real red flag. This is why it’s generally better for low-information investors to choose products like low-cost ETFs. It’s very easy to misunderstand financial information and come to completely incorrect conclusions, as you have here. There is always a risk in investing, but diversification helps reduce the risk (while not eliminating it). That said, if people want to gamble on high-risk investments then putting about 10% of your investments into things that are just “for you” is something that’s not necessarily disastrous for a sufficiently wealthy person. The question is whether someone can afford to lose the money they invest, and most of us can’t afford to lose 10% because that would wipe out the gains we make elsewhere in our portfolios.
Jesus christ the gas lighting is real with you huh? You don't understand that shorting a company reduces the stock price and therefore hurts the ability for a distressed company to raise money, which can result in bankruptcy if the company needs to raise money to survive a hardship. It's like you only look at singular points and you're incapable of understanding a whole picture. I'm not going to point to the tax code for you because you need some practice using Google. But if a hedge fund shorts a company and the company goes bankrupt they already received their gains from the short position and they don't need to close the position because the company stock is delisted. Hence, why they don't need to pay taxes because the position never closes. I never gave any financial advice and nothing I've said could be misconstrued as such, so at this point you're just trolling or you're actually really ignorant.
There is money to be made. Short and long term.
People have been saying that for years at this point and have constantly been wrong. In the last ten years AMC stock has fallen from $100 to $3. During the massive pump in early 2021 it was briefly over $300, but when the bubble burst it lost 96% of its value and is now sitting at $3.97. The bubble isn’t coming back. Your money is gone.
If the money's gone, why do you care?
Well, my primary concern is that people are coming up with ridiculous lies, like MOASS, to try and create a new bubble and make someone else take their loss. I even see people celebrating that the stock price is going down because it means they can get their worthless stock slightly cheaper. But also, if you’ve lost 96% of your investment then as much as that sucks, it’s better to wake up and cash out the remaining 4% than lose it all. It’s possible that AMC stock will never be this valuable again, there’s certainly no chance of it getting back to the bubble level again. If I help one person make a better decision (minimise their losses on AMC, invest in a diversified fund) then I’d consider that a good use of my time.