OT: Stock trading

[aburks41]

My $GME puts are down 95% hahaha kill me

edit: nvm theyre back up. This is funny

 

[methodology]

Stuff is going to hit the fan this week

This move by TDAmeritrade, Robinhood, etc is all very highly illegal.

a buddy of mine lost 20k earlier last year because his account went under $25k and Robinhood wouldn’t let him sell his holding he was irate

 

[methodology]

My $GME puts are down 95% hahaha kill me

You’re still a year out it’s all good

 

[aburks41]

You’re still a year out it’s all good

Yeah i know its funny to watch them go to 0 though. I wish i could buy more but my fidelity isn't options approved so I had to do it through garbo robinhood

 

[Dogdeacon]

Honestly, NOK doesn't have terrible fundamentals. That's the lowest risk play. They beat analyst expectations a quarter a go. They remain a significant supplier to building out mobile networks.

Yeah, perfect for me half old school fundamentals yet willing to listen to what the millennials are up to.
My brother is long on ABNB but I just can't strap into that type of rollercoaster.

 

[Deepster]

So what does Robinhood do?

a) Wait until GME and AMC go to $0.00?
b) Wait until Melvin can scramble around and limit their losses (to less billions instead of more billions)?
c) When the next "GME" comes around, they just shut it down when the redditors of the world go after it? Every day, picking and choosing what you can or can't buy?

 

[husky429]

So what does Robinhood do?

a) Wait until GME and AMC go to $0.00?
b) Wait until Melvin can scramble around and limit their losses (to less billions instead of more billions)?
c) When the next "GME" comes around, they just shut it down when the redditors of the world go after it? Every day, picking and choosing what you can or can't buy?

I know the question was rhetorical, but... Yes. This is what they will do.

 

[WrenchFan69]

So what does Robinhood do?

a) Wait until GME and AMC go to $0.00?
b) Wait until Melvin can scramble around and limit their losses (to less billions instead of more billions)?
c) When the next "GME" comes around, they just shut it down when the redditors of the world go after it? Every day, picking and choosing what you can or can't buy?

I think Robinhood goes out of business, frankly. You can't run your entire brand on bringing investing to the common man and then turn your back on them in favor of the suits. They're down to a 1* rating on both app stores

 

[aburks41]

I think Robinhood goes out of business, frankly. You can't run your entire brand on bringing investing to the common man and then turn your back on them in favor of the suits. They're down to a 1* rating on both app stores

Apple will unfortunately probably remove those ratings - similar to what google or yelp does when businesses get flooded with 1* reviews for bad PR.

But yeah, they're not gonna recover from this...perfect timing for anyone who can get another free app up and running lol

 

[WrenchFan69]

Apple will unfortunately probably remove those ratings - similar to what google or yelp does when businesses get flooded with 1* reviews for bad PR.

But yeah, they're not gonna recover from this...perfect timing for anyone who can get another free app up and running lol

They're all legitimate reviews. It's a brokerage app that does not allow you to buy or sell stock. It doesn't work.

 

[UConnSwag11]

They're all legitimate reviews. It's a brokerage app that does not allow you to buy or sell stock. It doesn't work.

would you say they defrauded their customers?

 

[aburks41]

They're all legitimate reviews. It's a brokerage app that does not allow you to buy or sell stock. It doesn't work.

I agree, but if I was a betting man, Apple will probably stand on the side of RH and not the people. After all, Apple is technically the worlds biggest hedge fund (aka Braeburn Capital)

 

[WhereistheDove?]

Anyone have an up to date count of the number of trading halts by * checks watch * 11:30?

 

[uconndogs]

Nobody does, this has never happened before.

Markets inflate and bust all the time. This cause may be unique, but the end result will be what it always is........a bunch folks losing lots of money.

 

[huskyinfl]

Citadel is the culprit not Melvin cap. I read citadel accounts for 40% of Robin Hood's business. Citadel sits over Melvin

 

[XLCenterFan]

would you say they defrauded their customers?

We would have to dig in to the precedent of how “defrauded” has been legally interpreted throughout the years and in other instances. Possibly.

 

[UConnSwag11]

It's not only Robinhood. TD, Webull etc

 

[auror]

It's not only Robinhood. TD, Webull etc

Because CItadel is the company that actually executes the options for all those guys for their free trade platforms.

 

[Jaker]

Just bought another block of NOK at $4.65, bringing my price av. to about $4.90, feeling good about this. As mentioned, NOK fundamentals are strong, should be a good potential swing trade over the next few days.

 

[ct06111]

It's not only Robinhood. TD, Webull etc

I was able to buy GME on M1 today in my Roth.

way too high though.
I had 18 @ 93
Now 20 @ 122

 

[mussels]

They'll ban the free apps and fine the hedge funds. that's it

They are the hedge funds

 

[Jaker]

I was able to buy GME on M1 today in my Roth.

way to high though.
I have 20 @ 122

Wish I had bought it at $8 like I had originally planned. LOL

 

[ct06111]

Wish I had bought it at $8 like I had originally planned. LOL

17 for me

 

[Waterbury]

Hedge funds are betting against brick and mortar businesses during a pandemic? Get absolutely boned!

 

[August_West]