OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
If the product is free, you are the product.
Dude, you need to get this picture in an 8x10 framed on your wallBought GME on 1/13 at 28.32 and used a trailing stop because I thought WSB was joking around. Well the joke’s on me. 🙁
people always file lawsuits when they lose money.
they agreed to binding arbitration.
Day's Range 112.25 - 482.85 and closed at 197 after they stopped people from being able to buy it. This is far from over but the longs held the line today.
'This is unacceptable': AOC, Ted Cruz and others side with retail investors, slam Robinhood and Wall Street amid GameStop mania
A bipartisan group of politicians have raised their voices in support of individual investors who can't buy stocks like GameStock. Meanwhile, hedge funds have no restrictions.
Robinhood backing down, GME popping in AH trading:
www.cnbc.com
GameStop shares jump 68% on Friday, bringing gains for the week to 400%
Friday's surge came after Robinhood said it will resume limited trading of previously restricted securities.
If you bought at $482.85 I don't think this qualifies as holding the line. That is if you're not comparing to the Giants OL the first 5 games of the season.
An Update on Market Volatility - Robinhood Newsroom
This past year, we’ve seen the financial markets become a voice for the voiceless. We’ve seen a new generation of
blog.robinhood.com
“Amid this week’s extraordinary circumstances in the market, we made a tough decision today to temporarily limit buying for certain securities. As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.
Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed. “
Oh boy.
I'm talking about the market not any individual. This has ceased being a normal stock. This is high stakes gambling and whichever side blinks first is going to get crushed.
An Update on Market Volatility - Robinhood Newsroom
This past year, we’ve seen the financial markets become a voice for the voiceless. We’ve seen a new generation of
“Amid this week’s extraordinary circumstances in the market, we made a tough decision today to temporarily limit buying for certain securities. As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.
Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed. “
Oh boy.
Holy shit! Wow! Just Wow! If RH is doing this and the SEC and FINRA do not act we are in a whole heap of trouble as a country. We already get our wealth stolen by the rich and now they are blatantly doing it from individual accounts. People need to go to jail for this. Wow!
Looks like RobinHood and their customers just realized the downside of buying stocks on margin.
Sounds like they had a margin call they couldn't meet. I read they are drawing down credit lines. RH could be the first one to blink.
Well I guess when you sue someone you can claim anything.
My other guess is freeriding violations.
Where did you read that? Can you provide a link?
Edit, I found a source.
Bloomberg - Are you a robot?
www.bloomberg.com
Bloomberg - Are you a robot?
www.bloomberg.com
that's a link. Not sure why its asking if you are a robot. ha.
That's very kind of RH to sell that "customer's" position (4500 shares) at the session low price. Just a coincidence I guess. Probably sold it in blocks of 100 all the way down, trying to find price discovery on a day that few people could buy. F*cking savages.
I would be weary if you have crypto trades on with RH..not SIPC insured
An excellent parallel would be if Michigan St. was not allowed to shoot for the final 10 minutes.
Robinhood backing down, GME popping in AH trading:
GameStop shares jump 68% on Friday, bringing gains for the week to 400%
Friday's surge came after Robinhood said it will resume limited trading of previously restricted securities.
All right, stopped the trading in GME for just long enough for my hedge fund buddies to cover their shorts. New way to manage a short squeeze, I like it.
You know it’s a bubble when Ted Cruz and AOC wants you to buy. The new definition of death cross.
Whether a margin call or free riding call you still have usually two days to meet the call by depositing cash or securities.
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