• The author is criticizing the halting of trading on GameStop and AMC stocks, claiming it is illegal
• The author believes halting trading causes FOMO among retail traders, leading them to sell and benefiting “big wigs” and short sellers
• The author is holding a very small amount of GameStop and AMC stocks and encourages others to “HOLD THE LINE”
The stock market is supposed to represent a free and open market. But recent events have called that premise into question.
Halting Trades to Benefit Short Sellers
I don’t claim any expertise in stocks. But I do know that halting trading on surging stocks has to be illegal. The only purpose it serves is protecting short sellers at the expense of retail investors.
When stocks like GameStop and AMC surge, the trading often gets halted. This causes fear of missing out among retail traders, who then sell their positions. Meanwhile, short sellers are protected from the upside.
The brokerages are blatantly rigging the game against the little guy. And I won’t stand for it!
Continuing to Hold Despite the Manipulation
The recent resurgence of Roaring Kitty reignited my interest in GameStop and AMC. I’m holding a tiny position in both stocks.
Despite the clear manipulation, I plan to hold the line! The stocks may be halted from trading at times. But if enough retail investors refuse to sell, the short sellers will eventually have to cover their positions.
So I’m standing firm with my fellow retail traders. This David will hold strong against the Goliath hedge funds trying to rig the game!
