Robin Hood just ended trading on GameStop and AMC

[Anonymous]

Anonymous wrote:

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.

And yet they're beating the masters of the universe at their own game.

Who is laughing?

[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.

I do like ponzu sauce. That hint of citrus really does make all the difference.

But seriously. I dont think you understood what I wrote. Their issue was that their letter of credit was too small for their volume. They need the l/c to cover the float period while funds and transactions settle. If they limited buys to using settled funds only it would have solved the problem more effectively, not been inherently distorting, and would have been relatively normal behavior.

[Anonymous]

Anonymous wrote:

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 !!!

Yes, they are. Robinhood is selling trading information to the hedge funds.

[Anonymous]

Anonymous wrote:

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.

Do you no understand this was entirely triggered by the fact that there was massive risk that it was feared that Melvin wouldn't be able to cover their short losses? The losses don't magically disappear. They get passed onto the clearance houses, which is why DTC began requiring 100% collateral. It's not a RH problem, it is a dumbass Melvin Capital problem. And now that Melvin exposed the entire market to huge risk they're still allowed to get away with whatever they want. They messed up so they should face restrictions as well.

Oh, so its OK for Melvin to drive down the price with free rein while the public isn't allowed to buy, so that they can buy to cover their shorts at a cheaper price, yet retail can't buy to maintain a higher price for sale? Hell no.

I'd be perfectly fine BTW if the NYSE halted the stock and they settled upon price for a payout of $400-500. That way everyone is somewhat happy and risk to the entire market is mitigated.

[Anonymous]

Anonymous wrote:

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".

Not on an interday basis for longs. Carry whomever's water you choose. I don't care. But do get the facts right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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".

Not on an interday basis for longs. Carry whomever's water you choose. I don't care. But do get the facts right.

Which is really ironic because that was the day everyone was telling people to sell before they got hurt. To put it simply. All the concernmongering caused the very losses it was ostensibly trying to protect. I dont have a stake in this fight although I have been following it and the main thing I've noticed is that when we try and make people's decisions for them we tend to get it wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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".

Not on an interday basis for longs. Carry whomever's water you choose. I don't care. But do get the facts right.

You've only got half the facts, friend.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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".

Not on an interday basis for longs. Carry whomever's water you choose. I don't care. But do get the facts right.

You've only got half the facts, friend.

Really? Because that's a basic and easily provable fact. There were massive intraday swings. The biggest danger to the little guy was the hysteria. That hysteria was just asuch, if not more, on the sell side than the buy side.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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".

Not on an interday basis for longs. Carry whomever's water you choose. I don't care. But do get the facts right.

You've only got half the facts, friend.

Really? Because that's a basic and easily provable fact. There were massive intraday swings. The biggest danger to the little guy was the hysteria. That hysteria was just asuch, if not more, on the sell side than the buy side.

You're ignoring the shorts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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".

Not on an interday basis for longs. Carry whomever's water you choose. I don't care. But do get the facts right.

You've only got half the facts, friend.

Really? Because that's a basic and easily provable fact. There were massive intraday swings. The biggest danger to the little guy was the hysteria. That hysteria was just asuch, if not more, on the sell side than the buy side.

You're ignoring the shorts.

Hahahhaha

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Do you no understand this was entirely triggered by the fact that there was massive risk that it was feared that Melvin wouldn't be able to cover their short losses? The losses don't magically disappear. They get passed onto the clearance houses, which is why DTC began requiring 100% collateral. It's not a RH problem, it is a dumbass Melvin Capital problem. And now that Melvin exposed the entire market to huge risk they're still allowed to get away with whatever they want. They messed up so they should face restrictions as well.

Oh, so its OK for Melvin to drive down the price with free rein while the public isn't allowed to buy, so that they can buy to cover their shorts at a cheaper price, yet retail can't buy to maintain a higher price for sale? Hell no.

I'd be perfectly fine BTW if the NYSE halted the stock and they settled upon price for a payout of $400-500. That way everyone is somewhat happy and risk to the entire market is mitigated.

Well it's really odd that other brokerages kept running, if the problem was Melvin that was the problem.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Do you no understand this was entirely triggered by the fact that there was massive risk that it was feared that Melvin wouldn't be able to cover their short losses? The losses don't magically disappear. They get passed onto the clearance houses, which is why DTC began requiring 100% collateral. It's not a RH problem, it is a dumbass Melvin Capital problem. And now that Melvin exposed the entire market to huge risk they're still allowed to get away with whatever they want. They messed up so they should face restrictions as well.

Oh, so its OK for Melvin to drive down the price with free rein while the public isn't allowed to buy, so that they can buy to cover their shorts at a cheaper price, yet retail can't buy to maintain a higher price for sale? Hell no.

I'd be perfectly fine BTW if the NYSE halted the stock and they settled upon price for a payout of $400-500. That way everyone is somewhat happy and risk to the entire market is mitigated.

Well it's really odd that other brokerages kept running, if the problem was Melvin that was the problem.

Other brokerages did similar things. Just not to the same extent or in the same way.

[Anonymous]

[Anonymous]

Anonymous wrote:

Yellen was chosen to speak based on her past accomplishments, not on her future ones.

Does Greenwood know that?

[Anonymous]

Anonymous wrote:

I don't understand. Does the Secretary of the Treasury have any purview over the stock market?