Forrest Gump 9 Posted January 28, 2021 Author Report Share Posted January 28, 2021 Had an order in for GME, Robinhood cancelled it when the market opened. They are now blocking GME, AMC, NOK, BB, and others. Absolute fucking bullshit. Not everything is black and white when money involved Quote Link to comment Share on other sites More sharing options...
greg1647545532 Posted January 28, 2021 Report Share Posted January 28, 2021 Down for the day (so far) but fluctuating wildly. I wonder how many late-to-the-game redditors are going to be the suckers left holding the bag on this one. Quote Link to comment Share on other sites More sharing options...
RyM3rC Posted January 28, 2021 Report Share Posted January 28, 2021 Down for the day (so far) but fluctuating wildly. I wonder how many late-to-the-game redditors are going to be the suckers left holding the bag on this one. The idea is, when whatever hedge fund has to buy back to cover, THEY'LL be stuck with the losses as all the regular people make $$$. We'll see to what degree that actually happens, but it's ranged between $150 and $480 today so SOMEONE is making $$$ Quote Link to comment Share on other sites More sharing options...
greg1647545532 Posted January 28, 2021 Report Share Posted January 28, 2021 I get the idea but at some point the hedge funds will have bought everything they need to cover their puts and shorts and then it's just going to be a bunch of WSB autists holding the bag. Who do you sell to when the hedge funds don't need to buy anymore? Other autists? But when I posted that I didn't realize TDA and robinhood had locked it down. Quote Link to comment Share on other sites More sharing options...
Tractor Posted January 28, 2021 Report Share Posted January 28, 2021 The idea is, when whatever hedge fund has to buy back to cover, THEY'LL be stuck with the losses as all the regular people make $$$. We'll see to what degree that actually happens, but it's ranged between $150 and $480 today so SOMEONE is making $$$ That would work except no one is twisting any arms to force the big boys to buy to cover and likely won't. One benefit to locking up trading is to slow the rise and inevitable fall of the price and sort out the mess before the little guys realize they should have exited. Quote Link to comment Share on other sites More sharing options...
Mallard Posted January 28, 2021 Report Share Posted January 28, 2021 Inform the CR crowd... what are they doing? Sent from my SM-G973U using Tapatalk Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted January 29, 2021 Author Report Share Posted January 29, 2021 Shit about to hit the fan Congress is formally investigating broker firm Robinhood. Robinhood freezes buying action only allows liquidation of Gme, amc, koss,...Gme is heavily shorted by “Melvin Capital Management”. “Melvin Capital Management” is owned by “Citadel, LLC”. “Citadel, LLC” gave Robinhood 40% of their revenue. Conflict of interest I say Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted January 29, 2021 Report Share Posted January 29, 2021 Haven't read through this thread yet but here. Quote Link to comment Share on other sites More sharing options...
RedRocket1647545505 Posted January 29, 2021 Report Share Posted January 29, 2021 Hopped off the GME wagon yesterday. Hopped on the Dogecoin wagon today and made some DAMN good gains. The Robinhood shenanigans are complete bullshit. "We're doing it to protect the consumer from a volatile market." Yea right, get fucked. We know why you're doing it. F'n crooks. Quote Link to comment Share on other sites More sharing options...
RyM3rC Posted January 29, 2021 Report Share Posted January 29, 2021 Shit about to hit the fan Congress is formally investigating broker firm Robinhood. Robinhood freezes buying action only allows liquidation of Gme, amc, koss,...Gme is heavily shorted by “Melvin Capital Management”. “Melvin Capital Management” is owned by “Citadel, LLC”. “Citadel, LLC” gave Robinhood 40% of their revenue. Conflict of interest I say Judging by reddit and imgur, this has a good bit of attention and politicians are going to score points with it for sure. place your bets on whether they actually help vs riding the wave of popularity Quote Link to comment Share on other sites More sharing options...
Tractor Posted January 29, 2021 Report Share Posted January 29, 2021 Judging by reddit and imgur, this has a good bit of attention and politicians are going to score points with it for sure. place your bets on whether they actually help vs riding the wave of popularity At the end of the 90's when online trading became possible to the masses they changed the rules to increase the minimums you had to have in your accounts to be allowed to engage in day trading. They put a stop to people taking a few thousand dollars and making a fortune through consistent hard work and research. I figure they will do something similar. Quote Link to comment Share on other sites More sharing options...
Rally Pat Posted January 29, 2021 Report Share Posted January 29, 2021 Hopped off the GME wagon yesterday. Hopped on the Dogecoin wagon today and made some DAMN good gains. The Robinhood shenanigans are complete bullshit. "We're doing it to protect the consumer from a volatile market." Yea right, get fucked. We know why you're doing it. F'n crooks. I took the 290-ish from my cancelled Robinhood GME order, and put it in to Dogecoin. Was around $600 for a second, sitting mid $500's right now. Pretty happy with that. Tried to go to Fidelity, but it kept crashing. Don't have big money to throw around, unfortunately lol. Quote Link to comment Share on other sites More sharing options...
Johny Utah Posted January 29, 2021 Report Share Posted January 29, 2021 Guess who's had GME stock in his Robinhood account since early last year? :gabe: At what price per share did you get it at last year? Quote Link to comment Share on other sites More sharing options...
Rally Pat Posted January 29, 2021 Report Share Posted January 29, 2021 In regards to Dogecoin, my $290 became $1200 briefly, now its floating around $700. Gonna leave it and see what happens, r/satoshisteetbets seems intent on getting it to $1. Quote Link to comment Share on other sites More sharing options...
Exodus Posted January 29, 2021 Report Share Posted January 29, 2021 Robinhood is at it again https://finance.yahoo.com/news/robinhood-shuts-off-instant-deposits-134556577.html Quote Link to comment Share on other sites More sharing options...
Gergwheel1647545492 Posted January 29, 2021 Report Share Posted January 29, 2021 I thought it was weird I couldn't do an instant transfer today.... Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted January 29, 2021 Report Share Posted January 29, 2021 Regular people who work at Robinhood: I don't like this. This isn't right. What are we doing here? Do I really want to work for a place like this? Robinhood: I'll gib ya Three.Fiddy Regular people who work at Robinhood: Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted January 29, 2021 Report Share Posted January 29, 2021 Wild ride. I have a small fortune sitting in GME and AMC right now. Quote Link to comment Share on other sites More sharing options...
Gergwheel1647545492 Posted January 29, 2021 Report Share Posted January 29, 2021 Wild ride. I have a small fortune sitting in GME and AMC right now. are you one of the lucky ones that bought before this week? Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted January 29, 2021 Author Report Share Posted January 29, 2021 Wild ride. I have a small fortune sitting in GME and AMC right now. How long are you planning to hold. I have amc, but thinking to add GME. Quote Link to comment Share on other sites More sharing options...
RyM3rC Posted January 29, 2021 Report Share Posted January 29, 2021 How long are you planning to hold. I have amc, but thinking to add GME. there's been a couple nice dips yesterday and today, still a LOL % of float shorted, and volume has been comparatively low recently as people are holding. Jump in Quote Link to comment Share on other sites More sharing options...
STEVE-O Posted January 29, 2021 Report Share Posted January 29, 2021 I’m just waiting for Elon to hashtag doge Quote Link to comment Share on other sites More sharing options...
Radio Flyer1647545514 Posted January 29, 2021 Report Share Posted January 29, 2021 there's been a couple nice dips yesterday and today, still a LOL % of float shorted, and volume has been comparatively low recently as people are holding. Jump in This. It has not reached its peak. Quote Link to comment Share on other sites More sharing options...
Exodus Posted January 30, 2021 Report Share Posted January 30, 2021 Haha the memes are priceless Sent from my SM-F916U using Tapatalk Quote Link to comment Share on other sites More sharing options...
Jewtoys Posted January 30, 2021 Report Share Posted January 30, 2021 are you one of the lucky ones that bought before this week? I was, and sold those. Got back in at it’s lowest today. How long are you planning to hold. I have amc, but thinking to add GME. I’m not sure. This goes against anything I would normally ever consider. Quote Link to comment Share on other sites More sharing options...
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