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Post by senatooorofspace on Feb 1, 2021 23:11:26 GMT -7
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Post by bear on Feb 2, 2021 8:38:10 GMT -7
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Post by SolarGarlic 🧀 on Feb 2, 2021 8:58:22 GMT -7
Do you ever get the feeling that this is just like another version of a Q cult?
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Post by bear on Feb 2, 2021 9:02:47 GMT -7
Yup. Bad actors easily infiltrate grass roots movements especially on social media. Its hard to tell who to trust
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Post by SolarGarlic 🧀 on Feb 2, 2021 9:03:41 GMT -7
And the whole “just wait. It’s going to happen. You just have to trust the process”
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Post by bear on Feb 2, 2021 9:06:57 GMT -7
Yes especially after seeing the brokers try and manipulate the computer tracking of shares to trick reddit. I'm definitely in over my head. And now these silver price shenanigans..
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Post by chronicircle on Feb 2, 2021 9:13:10 GMT -7
RIP reddit stonks.
GME under 100 a share today. AMC, NOK, NAKD not doing shit. i think enough people already took profits, and combined with wall st trying to suppress the price of these stocks, through continuous short selling and shady tactics, the fun seems to be over.
to be honest AMC and NOK might be decent long term holds for the portfolio. AMC used to trade in the $20-$30 range pre-pandemic and NOK just got some new 5g tech(unsure on the deetz). this is not financial advice, just speculating lol.
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Post by SolarGarlic 🧀 on Feb 2, 2021 9:13:41 GMT -7
The silver thing is fucked. Just a deflection. We put some money in both amc and gme but not much. We’re just along for the ride at this point. If it works, great. If not, it was fun. We’re more focused on the stuff we’re already invested in that are legit.
We did just buy stock in this surgical robotic company though. TRXC. Could be good.
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Post by lordkundalini on Feb 2, 2021 9:13:44 GMT -7
depends what your goal is.
if its to fuck with the system, well then you buy and hold.
if profit is our goal, get the fuck out while you still can at a tidy profit.
either way, the Reddit group has showed how another part of our system is a flimsy house of cards. a ponzi scheme
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Post by chronicircle on Feb 2, 2021 9:23:53 GMT -7
that's true lork. plenty will still hold long on these stocks, but it appears plenty have taken their profits and ran already. and frankly i don't blame them, the rug was going to be pulled out eventually. just seems like this is already the beginning of the end for these reddit stocks.
who knows though maybe i'm wrong on this and we see AMC go to the moon this week...
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Post by lordkundalini on Feb 2, 2021 9:27:27 GMT -7
I like how it turned out. Wall street got played and the common man did well. that dont happen often
paper gains are not profit. at some point, take the money and run
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Post by SolarGarlic 🧀 on Feb 2, 2021 9:34:03 GMT -7
I do think it’s great that Mark Cuban is all for WSB.
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Post by EddieBlake on Feb 2, 2021 9:40:20 GMT -7
I'll be holding my very modest stocks for a little bit.
AMC to the moooonnnnn
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Post by deadphishbiscuits on Feb 2, 2021 9:41:20 GMT -7
WSP > WSB
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Post by chronicircle on Feb 2, 2021 9:52:32 GMT -7
i can't even with this. look at this email robinhood sent me today...lolll
Hi Chroni,
We wanted to reach out to you after a transformative week in the markets to answer a question we know many of you are asking: “Why did Robinhood limit certain stocks?”
We understand that the temporary limits we placed on certain stocks this past week were frustrating for many, especially since we built Robinhood to expand access to investing. We have always sought to put our customers first and we want you to be able to invest on your own terms.
To help explain what happened and why we had to take action, we wrote a letter to our customers and captured the key understandings for you below:
-For Robinhood to operate, we must meet clearinghouse deposit requirements to support customer trades.
-Deposit requirements are determined in part by how much stock a firm’s customers hold. If a firm’s customers’ holdings are volatile, a broker (in this instance Robinhood) is obligated to meet higher deposit requirements.
-Last week, in part due to volatility in some popular stocks, Robinhood’s deposit requirements rose tenfold. The combination of the deposit increase and the extraordinary increase in volume on these particular symbols led us to put temporary buying restrictions in place on a small number of those stocks.
-We had to take steps to limit buying in those volatile stocks to ensure we could comfortably meet our deposit obligations. We didn’t want to stop people from buying stocks and we certainly weren’t trying to help hedge funds.
We hope you take away this: at Robinhood, we stand with everyday investors participating in the markets (lollll). Standing by our Robinhood community means being there for our customers through any trading environment. We’ll continue to improve as we break down barriers in the financial system to open it for all.
Thank you for being a part of the Robinhood community.
Sincerely,
The Robinhood Team
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Post by bear on Feb 2, 2021 10:00:14 GMT -7
Corporate lip service. It seems they have gone the way of the Google.
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Post by EddieBlake on Feb 2, 2021 10:02:08 GMT -7
i can't even with this. look at this email robinhood sent me today...lolll Hi Chroni, We wanted to reach out to you after a transformative week in the markets to answer a question we know many of you are asking: “Why did Robinhood limit certain stocks?” We understand that the temporary limits we placed on certain stocks this past week were frustrating for many, especially since we built Robinhood to expand access to investing. We have always sought to put our customers first and we want you to be able to invest on your own terms. To help explain what happened and why we had to take action, we wrote a letter to our customers and captured the key understandings for you below: -For Robinhood to operate, we must meet clearinghouse deposit requirements to support customer trades. -Deposit requirements are determined in part by how much stock a firm’s customers hold. If a firm’s customers’ holdings are volatile, a broker (in this instance Robinhood) is obligated to meet higher deposit requirements. -Last week, in part due to volatility in some popular stocks, Robinhood’s deposit requirements rose tenfold. The combination of the deposit increase and the extraordinary increase in volume on these particular symbols led us to put temporary buying restrictions in place on a small number of those stocks. -We had to take steps to limit buying in those volatile stocks to ensure we could comfortably meet our deposit obligations. We didn’t want to stop people from buying stocks and we certainly weren’t trying to help hedge funds. We hope you take away this: at Robinhood, we stand with everyday investors participating in the markets (lollll). Standing by our Robinhood community means being there for our customers through any trading environment. We’ll continue to improve as we break down barriers in the financial system to open it for all. Thank you for being a part of the Robinhood community. Sincerely, The Robinhood Team I got one of those too. Lol what a joke. |
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Post by chronicircle on Feb 2, 2021 10:06:47 GMT -7
i just feel like if you have to implicitly tell your customers you weren't helping hedge funds, you were probably helping hedge funds...
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Post by lordkundalini on Feb 2, 2021 10:17:15 GMT -7
It is a joke but clearing firms do have to meet risk requirements and they are liable for the trades their customers put on. so there was giant risk management issues. theoretically an infinite loss potential to those who sold short. of course, what ever they did was to help hedgefunds. Robinhood makes money off of being paid for order flow by Citadel
and I suspect most positions on Robin Hood were longs. I dont think Citadel clears Robinhood. lol
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Post by senatooorofspace on Feb 2, 2021 10:17:36 GMT -7
The House always wins, folks.
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