If not, they'll probably just create new rules to cover themselves, all under the heading of "protecting pension funds". Not that I know anything about it, being a goat...
https://maroc.us/2021/01/29/gamesto...arket-trading-as-trading-212-lifts-its-block/ At some point you expect the share price to go back down but I don't think today will be that day. It's going to be fascinating to keep an eye on. As many on the Reddit forum say people have to hold their nerve because if the price shoots up way above what someone paid they will be tempted to cash in.
Made 78% on them so far, probably sell once things are back up and running. Always bought a big lump of shares after major events - Brexit, Covid its like printing money.
Always makes me laugh when the stockmarket has trouble and the big players hit rocky ground.....its always "we're worried about the man in the street and his pension fund"....patronising pr1cks.
The three month growth on them is 181.39% but a tiny share price. Should only increase though once things reopen and people are back at the cinema and they've lost a big chunk of their loss leading sites. Took the same idea with Hollywood Bowl but a more modest 41% growth there over the last three months but now stagnated slightly.
Cineworld have major debts, so l suspect another rise when things open up and then I'll sell. Another big mover for me was International Airlines Group where I've made 54% since lockdown, again when planes are back in the air full time I'll take my money. My two main long term shares Lloyd's and Barclays I've managed to get my averages down to incredible levels.
Sounds like a sound strategy. I've got some US stock as the numbers you can make on US stock is just crazy, but also the risk is intensified as well. Over here it's movements by the pound really but over there, ignoring the Game Stop debacle, stock can move so quickly and much higher.
It's been a pretty tame day by its own standards (so far). Yesterday it ranged between $120 and $480 at various times
I use Trading 212 for buying stock but I don't really know exactly how it works. Certain stocks I'm not allowed to buy but then others I can. I should look in to it but we're not talking the kind of money being bandied about on the GME surge. I saw Blackberry was on the rise again.
Get ready to see a shitload of shady market manipulation to get GME down as low as possible before 9pm to limit how many calls expire in the money. I've got a limit order in at $120 to try and capitalise if they do manage to drop it that low.