BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home FINANCE

GameStop GME and AMC Entertainment Held Back as Suits Halt Trading

by Sham
May 14, 2024
in FINANCE
Reading Time: 2 mins read
A A
2
SHARES
31
VIEWS
Share on XShare in TelegramShare on Reddit

• 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.

NEW: GameStop $GME and AMC $AMC stock trading has been halted 34 times today combined

Crypto fixes this

— BlockNews.com (@blocknewsdotcom) May 14, 2024

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!

Tags: AMCGameStopRoaring Kitty
Tweet1ShareShare
Previous Post

Betterment’s Dan Egan Equates GameStop GME Meme Stock Frenzy to Gambling

Next Post

Meme Craze Overtakes Wallstreet as Bitcoin and Crypto Trades Sideways (Here is Why)

DON'T MISS THESE! HOT OFF THE PRESS

Stellar (XLM) Skyrockets 75% in a Week—Leaving XRP in the Dust
CRYPTO

Stellar (XLM) Skyrockets 75% in a Week—Leaving XRP in the Dust

July 18, 2025
Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?
CRYPTO

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today
CRYPTO

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth
CRYPTO

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance
CRYPTO

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing
CRYPTO

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 2025
Load More

Related News

Stellar (XLM) Skyrockets 75% in a Week—Leaving XRP in the Dust

Stellar (XLM) Skyrockets 75% in a Week—Leaving XRP in the Dust

July 18, 2025
Cardano (ADA) Pumps 19%—Is It Ready to Break $1 or Just Bluffing Again?

Cardano (ADA) Pumps 19%—Is It Ready to Break $1 or Just Bluffing Again?

July 18, 2025
Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

Litecoin Jumps 10%—Can a $100M Bet From a Biotech Company Kick Off a Bigger Rally?

July 18, 2025
Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.