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Okay with you if your brokerage stops you from selling when your stocks are up?
by spac_throwawayy 4y ago
Okay with you if your brokerage stops you from selling when your stocks are up?
- kolbe 4y agoThat has happened to me literally hundreds of times in my life. The real difference is my stocks aren't SPAC scams, so I'm not playing some pump and dump game needing to sell at the perfect moment, and then crying foul when a scam within a scam didn't go my way. edit: I'm posting too fast. So my reply is here. You didn't orchestrate the game. I get it. But your moral compass is clear when your first instinct is to try to recoup money stolen from SPAC investors for yourself, rather than for the retail investors who were actually harmed by it. You in no way were harmed--you had a couple hundred grand in stock before the IPO, and a couple hundred grand now. You're just mad that executives and Hedge Funds got to scam people and not you. That said, I wholeheartedly endorse you going after them. But go after them like a wolf, not a sheep.
- spac_throwawayy 4y agoI’m just an engineer who got stock as compensation. I built real things. I wasn’t playing a pump and dump game. I just wanted a fair shot at selling my stock before insiders tanked it. I would’ve preferred a different type of exit but it wasn’t my choice.