OT: Stock trading

[Da_Aisijimo_Gou]

No. This was a bunch of people actively colluding to keep buying up a stock to artificially inflate its price

Never have institutional managers actively colluded to keep buying (or selling) securities and other assets to drive their prices up (or down).

I’m shocked, shocked to find that collusion may be going on here.

 

[the Q]

Never have institutional managers actively colluded to keep buying (or selling) securities and other assets to drive their prices up (or down).

I’m shocked, shocked to find that collusion may be going on here.

I didn’t say that either. But one doesn’t mean the other isn’t happening

 

[WhereistheDove?]

You brought up speech that is a securities law violation being a feee speech issue, not me.

Okay, so we're in agreement. This may or may not technically be illegal manipulation but it's definitely not in any way the same as insider trading from a free speech perspective.

 

[the Q]

Okay, so we're in agreement. This may or may not technically be illegal manipulation but it's definitely not in any way the same as insider trading from a free speech perspective.

They are both speech that violates a security law.

 

[WhereistheDove?]

They are both speech that violates a security law.

Those goal posts are about a mile wide at this point, aren't they?

Edit: Let me ask you this. Is a hedge fund manager going on CNBC to say why a stock that they happen to have a short position in is overvalued also illegal market manipulation?

 

[Da_Aisijimo_Gou]

I'm closing out my RH account, and moving things into my Ally or TD Ameritrade account. They are playing games and favoring the 'suits' over the retail investors (lil guys).

Anyone have tips (i.e. what to avoid) on closing stock positions and transferring them (and cash) to another firm?

@KitamanEdit: Potentially, Ally and other established brokers may have reasonably raised margin requirements and possibly limited some transaction types, but transferring away cash and most securities should not require closing positions. See this Understanding the Brokerage Account Transfer Process | FINRA.org

 

[Waquoit]

I like how random billionaires have lost multiple billions. But why are fellow billionaires bailing out these losers?

 

[August_West]

All I know is dca Chainlink, Ethereum, and Synthetix Network as much as you can

Doge

 

[Da_Aisijimo_Gou]

Vietnam: big picture, LT manufacturing & supply chain perspective. ST SARS-2 spike now > ST downturn likely. MT to LT upside as Korean, JP, TW, mainland, and western companies including AAPL shift <some> manufacturing to relative stable Christian/Buddhist VN, projected ST downturn > dollar cost averaging low volume VNM ETF. Not a recommendation, just what I’ve seen in process, colleagues in country see and project, and hope succeeds.

Vietnam reports first COVID-19 outbreak in 55 days, highest single-day tally

HANOI: Vietnam confirmed its first outbreak of the coronavirus in nearly two months on Thursday (Jan 28) and warned it could be more serious than its last wave of infections, as authorities rushed to contain the spread and test tens of thousands of people. The health ministry earlier on Thur

www.channelnewsasia.com

Same same with India & low volume FLIN

Apple ramps up iPhone and iPad output shift to India and Vietnam

Move is part of wider shift from China that includes Macs, AirPods and more

asia.nikkei.com

 

[huskyinfl]

I like how random billionaires have lost multiple billions. But why are fellow billionaires bailing out these losers?

Because Gabe Plotkin The creator of Melvin capital did not snitch on Steve Cohen when he committed securities fraud and had to pay a 1.8 billion dollar fine. Plotkin was trader number two at SAC capital.

 

[Da_Aisijimo_Gou]

Listening to RH Vlad interview, maybe just maybe he might want to consider limiting solo interviews a wee bit.

 

[XLCenterFan]

If anyone is looking to leave RH like myself, I suggest SoFi. It is a money management app (more than just a trading platform) started by Chamath Palihapitiya. Robinhood deserves to wither and go busto.

 

[UConnSwag11]

They actively colluded to manipulate a stock price.

Proving each and every individual case could be problematic. But by the actual rules they could get quite a few of them

if a suit goes on tv and bashes a stock or writes an article about why a stock is overvalued and then it tanks, that's fine? That's what happened with $NIO and $FUBO.

 

[UConnSwag11]

If anyone is looking to leave RH like myself, I suggest SoFi. It is a money management app (more than just a trading platform) started by Chamath Palihapitiya. Robinhood deserves to wither and go busto.

Fidelity seemed to be fine. Webull also restricted during the day

 

[Da_Aisijimo_Gou]

Because Gabe Plotkin The creator of Melvin capital did not snitch on Steve Cohen when he committed securities fraud and had to pay a 1.8 billion dollar fine. Plotkin was trader number two at SAC capital.

No way Citadel Securities, not HF Citadel, executes/d any Melvin trades.

 

[JMick]

Doge

I have zero crypto but if Eth ever gets back to $200 I'm all in

 

[UConnSwag11]

I read that you shouldn't file a class action lawsuit but file them individually... True?

 

[JMick]

Fidelity seemed to be fine. Webull also restricted during the day

the current narrative, true or not; i don't know, is that Fidelity didn't shut down because they were the only ones that had shares left lol. apparently citadel/robinhood had no shares left and that's why they stopped buying.

 

[Chin Diesel]

Google salvaged Robinhood’s one-star rating by deleting nearly 100,000 negative reviews

It’s not outside Google’s purview to delete these posts.

www.theverge.com

Google deleted 100,000 legitimate reviews of an app that doesn't work as described. You just hate to see it.

Leaving the politics out of it, this is the concern of big tech from the far left and far right (Horseshoe). It should be the concern of the middle of the horse shoe too.

When Big Tech and Big Investments team up to protect each other, watch out.

 

[Da_Aisijimo_Gou]

If anyone is looking to leave RH like myself, I suggest SoFi. It is a money management app (more than just a trading platform) started by Chamath Palihapitiya. Robinhood deserves to wither and go busto.

About a decade ago, SoFi was created by Stanford grad students. Palihapitiya had no role in establishing the company, but may have invested in it since. SoFi is going to merge with a Palihapitiya SPAC, but it’s unclear why anyone should believe SoFi or other similar firms might not limit trades at some point. Stuff happens!

 

[UConnSwag11]

the current narrative, true or not; i don't know, is that Fidelity didn't shut down because they were the only ones that had shares left lol. apparently citadel/robinhood had no shares left and that's why they stopped buying.

Possible lol. Or the suits got out of their shorts.

 

[UConnSwag11]

The SEC manipulated the crypto market with XRP!

 

[Da_Aisijimo_Gou]

I read that you shouldn't file a class action lawsuit but file them individually... True?

Working with Ollie’s legal budget? I jest.

 

[Chin Diesel]

I like how random billionaires have lost multiple billions. But why are fellow billionaires bailing out these losers?

Future favors.

 

[Waterbury]

i slammed $500 on $DOGE last night when i saw wallstreetbets shilling early and i now have $2k $DOGE. $1,500 gain on a $500 investment in less than 24 hours. first dog on the moon