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Isn't this the way it's supposed to be? People invested. And now the new investors have a say. It also means they're responsible for their decisions and if the
by fogihujy 5y ago
Isn't this the way it's supposed to be? People invested. And now the new investors have a say.
It also means they're responsible for their decisions and if they screw up they lose their investments.
- SpicyLemonZest 5y agoIdeally, yes. If AMC investors are primarily responsible people putting in money they can afford to lose out of a genuine desire to make AMC successful, this is a great story of democratizing finance. But the top thread on /r/AMCStock right now is about how you should never ever sell your position, even if the price seems to be going down, because there will eventually be a "real squeeze" where all AMC investors will become fantastically rich. The top commenter is proud that he's choosing to invest in AMC stock rather than paying off his debts or saving for the future. So I think there's a real concern that people might be investing money they can't afford to lose, based on assurances from the "meme stock" community of guaranteed profits.
- joezydeco 5y agowhere all AMC investors will become fantastically rich On paper. But, really, what's the endgame if you never cash out? Sooner or later the shorts will leave AMC and everyone will be long. Mission accomplished. But, eventually, someone will need to liquidate. Then what?
- elliekelly 5y agoIt does feel a bit like a high stakes game of chicken.