Post #289 by Goofyhoofy on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks ❤

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I've come to feel they should be delisted or trading frozen for very long periods. They aren't really stocks any more. I'm not sure what I'd call them, but the SEC should be protecting investors from them and it should be harder to buy them.

First, you’d have to find some definition of what makes a “meme” stock. GameStop and AMC are actual companies with actual stock and actual stockholders. Why should their ability to buy or sell their stock be impeded. It’s not as though it’s all of them, it’s a (large) fringe who jumps in and out at the beck and call of whoever this Roaring Kitty is. *(Yes, I am sure he loaded up on the stock before he made his call. And I don’[t know if that counts as illegal or not. Time will tell, I hope.)

I acknowledge that it’s a pretty slick grift, but shutting down access so capriciously doesn’t seem like the right way to do it. (I have no suggestions on how to, however.)

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