Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Smart money cashed out days ago, this is now a cringy psyop with mouth-breathing morons lapping it up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Robinhood is a broker dealer. Full stop. It is heavily regulated. Full stop. They are required to stop trading because they do not have the resources to back it. They have to have a certain percentage of the total volume in dollars to support the trades in case people don't pay or something else happens. When the volume spiked, they needed to have billions more to make the trades flow.

This is a math issue. Not big guy little guy. In any event, RH is the little guy.

Oh please. People had their own cash ready to buy.
Why did they not stop all trading of those stocks? Why stop only buying?

Who heavily regulates it? I hope it is not SEC, because they have shown that they are pretty much useless.

The DTC demanded hundreds of million in cash. Read the WSJ please. Only impacts buying, not selling.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Robinhood is a broker dealer. Full stop. It is heavily regulated. Full stop. They are required to stop trading because they do not have the resources to back it. They have to have a certain percentage of the total volume in dollars to support the trades in case people don't pay or something else happens. When the volume spiked, they needed to have billions more to make the trades flow.

This is a math issue. Not big guy little guy. In any event, RH is the little guy.

RH should have halted both buying and selling if they had no choice. Full stop. Don't just ban buying but still allow selling and closing of accounts while allowing hedge funds and institutional investors to freely buy and sell (which allowed hedge funds to reduce their losses).

The problem is RH only banned buying and only for retail investors. Full Stop.

RH only has retail investors.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Robinhood is a broker dealer. Full stop. It is heavily regulated. Full stop. They are required to stop trading because they do not have the resources to back it. They have to have a certain percentage of the total volume in dollars to support the trades in case people don't pay or something else happens. When the volume spiked, they needed to have billions more to make the trades flow.

This is a math issue. Not big guy little guy. In any event, RH is the little guy.

RH should have halted both buying and selling if they had no choice. Full stop. Don't just ban buying but still allow selling and closing of accounts while allowing hedge funds and institutional investors to freely buy and sell (which allowed hedge funds to reduce their losses).

The problem is RH only banned buying and only for retail investors. Full Stop.

Why you wanted them to force their customer to risk losing everything in a big drop??? WSB is not RH's customer. The customer is! If you are mad that some of them sold, that's on you.

And once again, RH does not control the market for GME. They have no power over (or duty to) institutional investors, fidelity's customers, or any customers besides their own.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Robinhood is a broker dealer. Full stop. It is heavily regulated. Full stop. They are required to stop trading because they do not have the resources to back it. They have to have a certain percentage of the total volume in dollars to support the trades in case people don't pay or something else happens. When the volume spiked, they needed to have billions more to make the trades flow.

This is a math issue. Not big guy little guy. In any event, RH is the little guy.

RH should have halted both buying and selling if they had no choice. Full stop. Don't just ban buying but still allow selling and closing of accounts while allowing hedge funds and institutional investors to freely buy and sell (which allowed hedge funds to reduce their losses).

The problem is RH only banned buying and only for retail investors. Full Stop.

RH only has retail investors.

Don't interrupt him, he's on a roll!

[Anonymous]

Anonymous wrote:Smart money cashed out days ago, this is now a cringy psyop with mouth-breathing morons lapping it up.

Dumb money got out days ago at staggering losses. More dumb money got in -- it's gotta go down, now, amirite?

Gamestop is still hugely shorted. Maybe the newcomers won't lose as much as the other guys. Maybe.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Robinhood is a broker dealer. Full stop. It is heavily regulated. Full stop. They are required to stop trading because they do not have the resources to back it. They have to have a certain percentage of the total volume in dollars to support the trades in case people don't pay or something else happens. When the volume spiked, they needed to have billions more to make the trades flow.

This is a math issue. Not big guy little guy. In any event, RH is the little guy.

RH should have halted both buying and selling if they had no choice. Full stop. Don't just ban buying but still allow selling and closing of accounts while allowing hedge funds and institutional investors to freely buy and sell (which allowed hedge funds to reduce their losses).

The problem is RH only banned buying and only for retail investors. Full Stop.

Why you wanted them to force their customer to risk losing everything in a big drop??? WSB is not RH's customer. The customer is! If you are mad that some of them sold, that's on you.

And once again, RH does not control the market for GME. They have no power over (or duty to) institutional investors, fidelity's customers, or any customers besides their own.

DP.

While I am appalled at what RH did (well mostly at how NYSE and regulatory bodies just folded their arms and watched), I agree that they would have been in bigger trouble if they had halted selling and the price dropped. I cannot even begin to imagine the outrage if someone was prevented from selling at 300 and the price dropped on Friday to 100.

However, RH must have known that stopping buying but not selling also hurt their customers' ability to sell at a better price. Come on now.

Why not give notice to NYSE, OTC, SEC or whoever the heck is supposed to be in charge that you(RH) are in a bind?

The least they could do was send an e-mail to every single one of their customers Wednesday night letting them know that they were in a bind and you have to resort to drastic measures.

The nonchalant way in which they did this and the way the regulting agencies handled it is very sketchy.

[Anonymous]

They could have halted all buying with unsettled funds if that was the only concern.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Smart money cashed out days ago, this is now a cringy psyop with mouth-breathing morons lapping it up.

Dumb money got out days ago at staggering losses. More dumb money got in -- it's gotta go down, now, amirite?

Gamestop is still hugely shorted. Maybe the newcomers won't lose as much as the other guys. Maybe.

Lol. The only day of losses was Thursday. Smart money got in this week. Look at the SEC filings if you dont believe me. There is a lot more going on with this and the story is not over.

[Anonymous]

I understand there is huge risk if DTC and Apex go under because Melvin can' cover their losses. That being said, if retailers aren't allowed to buy, then shorts shouldn't have been allowed to sell and should have been allowed to buy only.

Restrict both sides of the trade.

[Anonymous]

Anonymous wrote:They could have halted all buying with unsettled funds if that was the only concern.

They had to borrow a billion dollars because of cash flow. I don’t think they were in a position to tailor their solution in real time so that a subreddit would be happy.

In any case the stock is at 300 again so you can feel free to carry on with your ponzu scheme. Just don’t be the last one out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They could have halted all buying with unsettled funds if that was the only concern.

They had to borrow a billion dollars because of cash flow. I don’t think they were in a position to tailor their solution in real time so that a subreddit would be happy.

In any case the stock is at 300 again so you can feel free to carry on with your ponzu scheme. Just don’t be the last one out.

That's half of their customer base. The other half is the hedge funds...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Smart money cashed out days ago, this is now a cringy psyop with mouth-breathing morons lapping it up.

Dumb money got out days ago at staggering losses. More dumb money got in -- it's gotta go down, now, amirite?

Gamestop is still hugely shorted. Maybe the newcomers won't lose as much as the other guys. Maybe.

Lol. The only day of losses was Thursday. Smart money got in this week. Look at the SEC filings if you dont believe me. There is a lot more going on with this and the story is not over.

The only day of losses? There have been losses for more than "Thursday".

[Anonymous]

Anonymous wrote:I understand there is huge risk if DTC and Apex go under because Melvin can' cover their losses. That being said, if retailers aren't allowed to buy, then shorts shouldn't have been allowed to sell and should have been allowed to buy only.

Restrict both sides of the trade.

do you understand the simple fact that the shorts do not trade in Robin Freaking Hood? I keep saying this. If you think trading should be halted for tell at NYSE. But frankly you guys seem to feel entitled to special status. You could be on a bigger brokerage and kept trading. Your choice of a startup to execute a short squeeze is like landing at Normandy with nerf guns.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:They could have halted all buying with unsettled funds if that was the only concern.

They had to borrow a billion dollars because of cash flow. I don’t think they were in a position to tailor their solution in real time so that a subreddit would be happy.

In any case the stock is at 300 again so you can feel free to carry on with your ponzu scheme. Just don’t be the last one out.

That's half of their customer base. The other half is the hedge funds...

oh dear lord. Hedge funds are not customers of Robin Hood !!!