LogFAQs > #950034296

streamofthesky posted...

My friend bought AMC stocks yesterday for $14 and was literally locked out of doing anything but selling them today, and watched them go down to like $8.
He's really pissed off. Military member, moderate conservative type, voted for Trump in 2016. I got him agreeing that there needs to be a wealth tax, jail for the hedge funds involved in this, and all sorts of other "socialist" viewpoints. Just anecdotal, but if they play their cards right, I think the AOC wing of the Democrats potentially just got a bunch more people willing to give their policy ideas a shot due to this debacle, lol

I'm not sure I follow his logic or see the reason for his lizard brain rage. He held AMC at 14. According to you, he couldn't buy more, but could sell and close his position. The stock predictably had a day where it tanked like any pump and dump/short squeeze, just like GME did today, and went down to 8. Now most people wouldn't want to buy on a day where a stock has such a massive loss. Catching a falling knife and all that. So that's what he's mad about? Not being able to buy more when the stock he held went from 14 to 8? Or is he mad he didn't sell even though you say he could have. Confusing reaction.