Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why is this in politics, d scum

I missed the investment opportunity but am waiting on news that the hedge funds grovel for a new bailout. Wall St needs to stop eating avocado toast lunches and bootstraps through market volatility.

This administration better not even think of bailing these idiots out of this one.

Jen Psaki’s brother is a portfolio manager at Citadel. Janet Yellen has taken $800K in fees from Citadel.

Slap on the wrist and keep it moving.

Um, Janet Yellen is at the Treasury, not the SEC. Do you even know the difference? But hey, Diamond Hands!!

What’s your point? My point was about conflicts of interest in the Biden administration.

That sounds totally Trumpian. Any connection = a conflict of interest for the entire organization. I'm sure I could find members of the Biden administration who have equity positions in GameStop. Oh wait, look Blackrock made a billion dollars off of the Gamestop runup, and it's chock full of Biden connections! https://www.businessinsider.com/what-to-know-about-blackrock-larry-fink-biden-cabinet-facts-2020-12

See, that was easy.

You’re deflecting. Everything that you don’t like is “Trumpian”. Stop acting like regulatory capture and revolving door haven’t been issues for some time now.

This. Amen.

[Anonymous]

Big dawgs don't just hate Trunmpsters, they hate everything American, including a lil guy beating them at their own game. Coming after you too soon; your 401k, your nonprofit pension, your IRA, your Social Security...They'll get it all.

[Anonymous]

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

I hope they save it because they are done.

Their excuse does not hold water. They should have completely haulted all trading on these stocks, not just buying.

Even highschool students understand that if you reduce demand while holding supply, you are tanking the price and giving those who are still able to buy (hedge funds) an advantage.

[Anonymous]

The GameStop phenomenon has gone global
By Julia Horowitz, CNN Business
Updated 8:17 AM EST, Fri January 29, 2021

Short traders might start running scared globally.

London(CNN Business) The GameStop (GME) mania that's hijacked US markets is grabbing the attention of investors all over the world, as traders from London to Mumbai try to get in on the action.

What's happening: Shares of companies that are heavily shorted — indicating that institutional investors are betting they will fall — have been scooped up on a number of global exchanges.

https://www.google.com/amp/s/amp.cnn.com/cnn/2021/01/29/investing/premarket-stocks-trading/index.html

[Anonymous]

Anonymous wrote:Citron Research
@CitronResearch
·
21m
Citron Research discontinues short selling research After 20 years of publishing Citron will no longer publish “short reports”. We will focus on giving long side multibagger opportunities for individual investors

Citron Research discontinues short selling research to focus on long...
youtube.com

What does this mean? What effect will this have?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

I hope they save it because they are done.

Their excuse does not hold water. They should have completely haulted all trading on these stocks, not just buying.

Even highschool students understand that if you reduce demand while holding supply, you are tanking the price and giving those who are still able to buy (hedge funds) an advantage.

+1. They HAD to know this would happen, too. They did it anyway. The billion dollar loan is just cover. How much did the hedgefunds save from their move?

[Anonymous]

Anonymous wrote:The GameStop phenomenon has gone global
By Julia Horowitz, CNN Business
Updated 8:17 AM EST, Fri January 29, 2021

Short traders might start running scared globally.

London(CNN Business) The GameStop (GME) mania that's hijacked US markets is grabbing the attention of investors all over the world, as traders from London to Mumbai try to get in on the action.

What's happening: Shares of companies that are heavily shorted — indicating that institutional investors are betting they will fall — have been scooped up on a number of global exchanges.

https://www.google.com/amp/s/amp.cnn.com/cnn/2021/01/29/investing/premarket-stocks-trading/index.html

This is great news. I wonder how long it will last though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

They BORROWED a billion dollars.

Yeah, in case nobody realized, the actions of their customers created a financial risk for them. Which is why they quite reasonably limited buying of Gamestop. Hopefully they will be adequately capitalized so their members can learn a life lesson without taking RH down with them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

I hope they save it because they are done.

Their excuse does not hold water. They should have completely haulted all trading on these stocks, not just buying.

Even highschool students understand that if you reduce demand while holding supply, you are tanking the price and giving those who are still able to buy (hedge funds) an advantage.

Yep it was market manipulation in the guise of compliance with securities regulations. I saw the CEO of RH on TV and he could not or would not clearly define what "regulations" he was complying with by only pausing buying the stocks hyped on Reddit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

They BORROWED a billion dollars.

Yeah, in case nobody realized, the actions of their customers created a financial risk for them. Which is why they quite reasonably limited buying of Gamestop. Hopefully they will be adequately capitalized so their members can learn a life lesson without taking RH down with them.

How? Etrade will not let me buy 4 shares of AMC with my own money. How does that create a financial risk?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

I hope they save it because they are done.

Their excuse does not hold water. They should have completely haulted all trading on these stocks, not just buying.

Even highschool students understand that if you reduce demand while holding supply, you are tanking the price and giving those who are still able to buy (hedge funds) an advantage.

Yep it was market manipulation in the guise of compliance with securities regulations. I saw the CEO of RH on TV and he could not or would not clearly define what "regulations" he was complying with by only pausing buying the stocks hyped on Reddit.

It's not market manipulation. They just borrowed a billion dollars because they couldn't cover all of these trades.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

They BORROWED a billion dollars.

Yeah, in case nobody realized, the actions of their customers created a financial risk for them. Which is why they quite reasonably limited buying of Gamestop. Hopefully they will be adequately capitalized so their members can learn a life lesson without taking RH down with them.

It sounds like RH created a financial risk for themselves. Why would they let their customers buy stocks on margin if their customers can't afford it? That doesn't sound like a good business practice to me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

They BORROWED a billion dollars.

Yeah, in case nobody realized, the actions of their customers created a financial risk for them. Which is why they quite reasonably limited buying of Gamestop. Hopefully they will be adequately capitalized so their members can learn a life lesson without taking RH down with them.

And the actions of their customers created a financial risk for hedge funds, so they quite reasonably allowed selling of Gamestop and instituted autoselling of Gamestop in order to manipulate the price down.

Hopefully they'll get what they deserve for that. And with all this happening out in the open, I think they will.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

They BORROWED a billion dollars.

Yeah, in case nobody realized, the actions of their customers created a financial risk for them. Which is why they quite reasonably limited buying of Gamestop. Hopefully they will be adequately capitalized so their members can learn a life lesson without taking RH down with them.

How? Etrade will not let me buy 4 shares of AMC with my own money. How does that create a financial risk?

It's a financial risk for the big guys. We can't let that happen...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hasn't been bad for Robinhood.

They raised a billion dollars last night.

I hope they save it because they are done.

Their excuse does not hold water. They should have completely haulted all trading on these stocks, not just buying.

Even highschool students understand that if you reduce demand while holding supply, you are tanking the price and giving those who are still able to buy (hedge funds) an advantage.

Yep it was market manipulation in the guise of compliance with securities regulations. I saw the CEO of RH on TV and he could not or would not clearly define what "regulations" he was complying with by only pausing buying the stocks hyped on Reddit.

It's not market manipulation. They just borrowed a billion dollars because they couldn't cover all of these trades.

Actually he claimed RH did not have liquidity issues. Do you borrow a billion dollars if you don't have liquidity issues?