Tag: TD Ameritrade

Massive Trading Platforms Are Now Reportedly Facing Outages

August 5, 2024 / Frank Nez

Massive trading platforms are now reportedly facing outages as Wall Street and the crypto market experience a meltdown.

Several major online trading platforms were down Monday as Wall Street suffered a massive meltdown, according to outage tracking website Downdetector.com.

Charles Schwab, Fidelity, Vanguard and TD Ameritrade were among those heavily impacted, the site showed.

Tens of thousands of people reported an outage from Charles Schwab throughout most of the trading day on Monday.

Reuters reports that Charles Schwab and Fidelity Investments have now resolved their technical issues with their apps, on a day users rushed to trade as markets slumped on rising fears of a U.S. recession.

Many customers across several of these trading platforms struggled to log in to their accounts.

Wall Street’s main indexes as well as the crypto market have plunged as weak economic data, lower than expected quarterly earnings from tech giants and geopolitical tensions dampened hopes of a soft landing.

Goldman Sachs has viewed the markets volatility as a healthy correction rather than a crash.

Bitcoin price fell below $50K on Monday for a moment, scaling back more than 16% from its price of $65K in the past week.

The broad markets, including the S&P 500 and Nasdaq have also experience 5%-6% dips.

Goldman Sachs has issued a reassuring statement regarding the recent market volatility, emphasizing that the present dip is a healthy correction rather than a crash.

The cryptocurrency market has been volatile recently, with Bitcoin and other major cryptocurrencies experiencing high fluctuations.

“Several factors have contributed to the volatility, but these factors also provide opportunities for smart traders.

For instance, although the geopolitical unrest has had an impact on the price of Bitcoin, this volatility can be exploited for short-term gains through swing trading,” reports Cryptonews.net.

The markets seem to be in a state of chaos at the moment.

How long traders remain in this shroud of uncertainty is something only time will tell.

Are you currently exposed to the markets?

What are your thoughts on its current state?

Leave your thoughts below.

Also Read: Here Are What Experts Are Now Saying About Bitcoin’s Plunge

🚨BITCOIN: Goldman Sachs Now Speaks On The Markets Crashinghttps://t.co/f4h6ZVOi4f #Bitcoin #BTC #Crypto #CryptoNews
— Frank Nez (@FNez_Blogger) August 5, 2024

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TD Ameritrade Reports AMC Market Cap at $7.7 Billion

April 10, 2023 / Frank Nez

TD Ameritrade is reporting AMC Entertainment’s (NYSE:AMC) market cap at $7.7 billion.

In March, Robinhood reported AMC’s market cap between $417 billion and $421 billion.

The CEO said last month that data sources are under review for accuracy after several sources, including MarketWatch, were reporting the company’s equity APE (NYSE:APE) of also having a 93.79 billion market cap.

Now shareholders are reporting TD Ameritrade is reporting AMC’s market cap nearly three times its ‘accurate’ data.

Adam Aron has shown disdain for media sources and data platforms reporting inaccurate information.

“Many 4-letter words rhyme with DUCK. Buck, Cuck, Huck, Luck, Muck, Puck, Suck, Tuck,Yuck. Can you think of any four letter word I forgot to include? To paraphrase the talented and always lively Samuel L. Jackson, “I am aghast and angry http://Benzinga.com, you Mother Duckers,” said the CEO after Benzinga had reported that Amazon had acquired AMC Entertainment.

But now AMC shareholders are curious about the latest market cap reportings, wondering why so many platforms continue to report the company at a much higher value.

Are these reports merely glitches?

Or are they something else?

TD Ameritrade and AMC History

TD Ameritrade is one of the brokerages that also halted AMC Entertainment stock during the ‘meme stock’ frenzy alongside Robinhood.

The broker is also known for lending retail shares to short sellers and for accepting payment for order flow, like Robinhood.

In January, TD Ameritrade reported AMC’s short interest at a whopping 40.25%, so this is not the first time we see the broker report rather startling information on the movie theatre company stock.

TD Ameritrade says that it uses third party information which leads to question who these third parties are.

Coincidentally, TD Ameritrade’s Bartlett Warehouse full of records burned down on February of 2022 after the SEC and DOJ initiated an investigation on hedge funds regarding illegal short selling activities.

The retail community is very well aware of these incidents from the past, now urging AMC CEO Adam Aron to demand TD Ameritrade fix the ‘misinformation’ being reported today.

Still, there are investors who believe that this is real data being leaked after several naked shorts were issued to pound the stock to the ground.

Many AMC shareholders believe that they have purchased the float several times over, explaining these odd reportings.

Whether or not this is the case, CEO Adam Aron has had very little to say about market discrepancies aside from the latest reports.

Adam Aron Reaches out to NYSE and FINRA

In March, AMC CEO Adam Aron announced that the company has contacted both FINRA and the NYSE to look closely at the trading of their stock.

“Many of you, and we, are aware that AMC Entertainment has been on ‘The Threshold List‘ for 3+ weeks, indicating a number of FTDs.

Some of you may be pleased to learn that we have contacted both FINRA and the NYSE asking that they both look closely at the trading of our stock.”

This is the closest shareholders have been able to influence the CEO to look into the manipulation of the stock by larger institutions.

There has been no update since the announcements on social media, though AMC was removed from the NYSE Threshold Securities List.

Why do you think there’s been a lot of ‘inaccurate’ information on AMC Entertainment?

Leave your thoughts below.

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Market News Today - TD Ameritrade Reports AMC Market Cap at $7.7 Billion. — Market News Today – TD Ameritrade Reports AMC Market Cap at $7.7 Billion.

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TD Ameritrade Reports 40.25% AMC Short Interest

January 16, 2023 / Frank Nez

TD Ameritrade AMC Short Interest Glitch — Market News: TD Ameritrade AMC glitch.

Screenshots from TD Ameritrade have come up on Twitter of AMC’s short interest at 40.25%.

Ortex is reporting AMC to have a short interest of 16.99% (2021 Archive).

So where is TD Ameritrade pulling up this information from?

They actually have a response to that.

Welcome to Franknez.com – the ape community has mentioned from time to time that a lot of the data provided by financial institutions is skewed. Here’s an example that happening right now.

“Our news and research is provided by Third Party Vendors”

So, why is this short interest data important?

Retail investors rely on the short interest data to determine how much of a company’s float is being shorted.

The short interest that Ortex is reporting is significantly less than that of TD Ameritrade’s.

TD Ameritrade’s short interest data is more than double that of Ortex.

Short interest data also enables us to see how much ‘squeeze potential‘ there is in a heavily shorted stock.

At least to a certain degree.

So if we have sources reporting masked or hidden short interest data, it’s deceit in many accounts.

Or is this simply a glitch from TD Ameritrade?

The ape community is questioning why ticker symbol AMC is the only stock that has had a significant number of glitches throughout the year.

Or are the real numbers being masked to divert the public from jumping in on this short squeeze play.

Afterall, hedge funds have begun closing, with many losing billions this year.

Read: Anchorage Capital closes after betting against AMC stock

Where is this data coming from?

The data comes from MorningStar but both TD Ameritrade and ETrade experienced this anomaly in their system.

According to TD Ameritrade, this was a glitch in their system.

However, the data would have not been changed unless the retail community pointed it out.

Was this a mistake on their end that retail was not supposed to see?

Or was this legit one of several glitches that has been occurring specifically for AMC Entertainment stock?

I’d love to know your thoughts in the comment section below.

https://twitter.com/TDAmeritrade/status/1476227618009661444

The broker is stating their technology team is working to correct the information but have no ETA as to when the correct data will be restored.

Why so many glitches with AMC stock?

AMC Entertainment has been experiencing several glitches throughout 2021.

They have varied from skewed data such as the short interest, to chart patterns, and even share price.

The ape community has concluded over the months that AMC’s short interest data is significantly higher than what is being displayed.

Lou from the YouTube channel has even concluded that AMC’s share price is being masked and could be in the hundreds to even thousands of dollars per share.

Now, while these are rather extreme claims, it’s not difficult to understand why such claims have been made.

AMC is one of the most overleveraged stocks from hedge funds shorting it.

Millions upon millions of shares have been borrowed to short it all year.

The feds have now begun investigating short selling practices and are tackling hedge funds who pose systemic risk.

As more hedge funds close, and others continue to bleed their customers, retail investors suspect they will do everything in their power to deceive retail from squeezing them from their short positions.

An interesting narrative, but a very likely one just as much.

What other glitches have you seen in AMC stock?

Out of the several glitches that have occurred, what other glitches do you recall seeing in AMC Entertainment stock?

Tag: TD Ameritrade

Massive Trading Platforms Are Now Reportedly Facing Outages

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Support Independent Journalism ✍🏻

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TD Ameritrade Reports AMC Market Cap at $7.7 Billion

TD Ameritrade and AMC History

Adam Aron Reaches out to NYSE and FINRA

Market News Published Daily

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TD Ameritrade Reports 40.25% AMC Short Interest

“Our news and research is provided by Third Party Vendors”

Where is this data coming from?

Why so many glitches with AMC stock?

What other glitches have you seen in AMC stock?

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