GameStop & AMC Entertainment In Reduce-Only Mode

I AM TRYING TO SELL IN THE INVEST ACCOUNT AND IT WONT LET ME. It states: ORDER REJECTED . What do i do?

Sure they can. However those mechanism exist to prevent fraudulent or illegal movements. There is no illegality here to justify this action from Interactive Brokers.
In the end who is going to pay hard time for this situation is trading platforms like T212 because they don’t have a say on this decision.

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You have to start fighting for us, as your customers.

If you don’t we will leave.

Get in contact with IB and try get these tickers opened back up, or else you are going to face a mass exodus from this platform.

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Well my AMC position is running to the ground thanks 212 ass soon as I can I’ll be closing my account

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Don’t panic sell and lose your money, just hold through

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I don’t know if you’ve read the message but its not T212 who are doing this its IB that the T212 platform sits on.

If you don’t want to use Interactive Brokers then its time to find a new broker.

Screenshot 2021-01-28 at 15.20.58

That’s exactly what they want to do - panic. Fear and greed drive the market. Just resist on being fearful… the rest will play itself before our eyes.

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Hold through what? :joy: It’s some random online trolling not investing. You were hoping it would be the “next GME” and you were getting in early but the fad fizzles

Holding to $5 maybe

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AMC has been pumped up by hedge investors man.They bought a big chunk and hoped/bet retailers will pile in like on GME …you should stick to GME and hold it with diamond hands!

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My account s will also be getting closed after today.

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This has not aged well

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Why sell at this point? Just hold it. They can’t keep this situation forever

Definitely don’t sell, it’s close to the bottom what would you benefit from this if you sell now?

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Ok I hate to have to say this but I feel the need:

The biggest risk to investing is not that you have to survive volatility it’s that your investment will become worthless.

We invest to be able to survive for another day.

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It had a value before the pump so this doesn’t make sense, since this they have secured a hefty loan so bankruptcy is off the table.
Everything has a value

Are they letting you buy GameStop?

yes they are indeed @jaxkxt

You are correct however the value is based on earnings multiple (commonly). Given that cinemas are shut, Netflix and Disney have their streaming service and film producers have decided to start premiering films on streaming services then it is likely their earnings will fall considerably since before the pandemic.

Before the pandemic the share price was at 6 dollars a share. For the share price to have risen the fortunes of the company should be great and therefore earnings will be greater. At the moment the market is saying that earnings now will be around 35% greater than they were before the pandemic.

You are correct everything does have a value but taking bankruptcy off the table maybe a reason for such an increase in price for some people.

People who hold the shares will need to find someone to buy them and when the whole Reddit gang screwing hedge funds have made their millions are left there are going to be a f*** load of bag holders who never really knew what was going on.

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Poor system performance only happens in key situations like market moving on the right side of the traders. I have seen it multiple times now. #QuitTrading212

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Anyone know when I can buy more AMC?
I’ve got few k to average my price :boom:

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