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GME and AMC stock action (out of main)
- Thread starter Electroman
- Start date
Even GM is limited to 1 share?
Probably because some newbies were thinking "GM, GME? Same thing right?" *click*
wow, total speculation here but, it sounds like either:
- they cant afford to clear their trades, so dialing it back by going down the list of most active across their base
- they're working through and covering large amounts of erroneous trades and taking huge PnL from allowing trading of orders that should never have made it past heir risk management system to begin with (because it wasnt fast enough to keep up with those volatile stocks and options their base was trading)
- or...all of the above
50 names on the RH list CNBC just said - quoted RH syaing has to do with volatility...SBUX and AMD only down 1-2%
im sticking with above speculation, which would not be good - i hope its not the case, if only for the millions of accounts there
- they cant afford to clear their trades, so dialing it back by going down the list of most active across their base
- they're working through and covering large amounts of erroneous trades and taking huge PnL from allowing trading of orders that should never have made it past heir risk management system to begin with (because it wasnt fast enough to keep up with those volatile stocks and options their base was trading)
- or...all of the above
50 names on the RH list CNBC just said - quoted RH syaing has to do with volatility...SBUX and AMD only down 1-2%
im sticking with above speculation, which would not be good - i hope its not the case, if only for the millions of accounts there
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Well, as this is clearly the YOLO thread, can I just add that I made my first tentative steps into crypto today and got myself €500 worth of $DOGE
corduroy
Active Member
A guy on WSB is talking about getting around the limits by buying the deepest ITM calls and exercising immediately. That's commitment to the cause.
Ok so can someone help clear up what the issues with Robinhood is? My kids which are new to investing have some holdings in Robinhood and have some funds in process being moved to Robinhood. Can they lose these funds/investments? If you can move investments out of Robinhood how do you do that?
If you were just holding you are not affected.
[edit]Unless you were holding GME. Allegedly, some people had theirs sold for them, especially those on margin.
The biggest risk of loss is owning a stock that’s worth $10 that’s priced at 300. Because once all the short sellers have bought back there’s shares, that thing is going to head down hard and fast. Right now the shorts are still getting screwed and there is still plenty of short interest. But we have no idea how long this will continue.
Every stock on the hit list was probably undervalue due the shorts before all the speculation. So they’re very interesting. There’s still a lot of short interest in many of them and a squeeze can still happen. This is gambling.
They are making the list longer to make it looks like they have legitimate concerns about volatility instead of just doing targeted attacks.
But this will not work, what they did yesterday will never be forgotten.
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GrandEnigma
Member
The funny thing is if RH didn't gimp buying again today all of those ITM calls that people didnt have funds to cover would have been sold off prior to close which could have had much more downward pressure. Instead we rose into that $320c wall.
Black light poster."Last Great Act of Defiance"
If you lived thru the '70s, you prolly had this t-shirt.
Cheers!
dhanson865
Well-Known Member
View attachment 632011
The list of restricted stocks on Robinhood is astonishing.
For those who aren’t familiar, Robinhood is only letting folks buy 1 share of GME. That’s one share TOTAL for the account, not per transaction. If you already have >= one share, you can’t buy another.
why in the world is AMD on that list? They were at an all time high recently without wallstreetbets involvement, are they a WSB target now?
Misdirection. Pick a bunch of stuff to cast a wide net to confuse the market at large. AMD and Starbucks is in there even though earnings concluded. LOL
Everyone knows its
AMC
BB
GME
NOK
SPCE
etc
The future of RobinHood is questionable. We see lots of tweets/posts that suggest users are fleeing.
I personally would not feel 100% confident having funds there.
GrandEnigma
Member
^ RH was my play account, but I initiated my transfer out yesterday. Still hope they go public, cannot wait to short them.
LN1_Casey
Draco dormiens nunquam titillandus
I agree, and I do not have an account there, but customers should be protected under SIPC, up to $500k (I think) if the brokerage fails.
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