HG Wells
Martian Embassy
But if we do screw the shorts, what kind of protection do we need ?
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GME and AMC stock action (out of main)
- Thread starter Electroman
- Start date
But if we do screw the shorts, what kind of protection do we need ?
I just picked up a few shares also I don't care if I lose my money I just wanna show my support.
TampaBruce
Member
GME broke the automated circuit breaker. Trades are back on already
Damn! Just heard the whole interview. That is one smackdown of the anchor.
Krugerrand
Meow
I don’t think so. Too late for that. The cat is out of the bag. They can try, of course. But I expect there to be a cry throughout the land. The world is being flipped upside from many sides.
There were guys standing with ideology even before who are NOT from the 1%, see an example here:
This guy holds over $1million in GME now and not selling even though he is otherwise broke. He is in it because Wall Street wolves pushed his family into bankruptcy back in 2008, he now sees that as payback time
.
Artful Dodger
"Neko no me"
"CNBC & Chamath Palihapitiya" | Full Interview on Vimeo (Jan 27, 2021)
Full Interview - CNBC & Chamath Palihapitiya - January 27, 2021 from Some Brooklyn Guy on Vimeo
Cheers!
Hiro battling it out with Chamath for funniest investor of the week.
Artful Dodger
"Neko no me"
I have an account with Freetrade in the UK, just before the market opened they sent this message:
“Due to a sudden and unexpected decision by our FX provider, and their bank, to limit our volume of trades, we have been forced to disable buy orders on US stocks today.
We're deeply unhappy with this decision and we are doing everything possible to rectify the situation”
To me it seems like the powers that be don’t want retail to buy certain stocks as they are still exposed.
“Due to a sudden and unexpected decision by our FX provider, and their bank, to limit our volume of trades, we have been forced to disable buy orders on US stocks today.
We're deeply unhappy with this decision and we are doing everything possible to rectify the situation”
To me it seems like the powers that be don’t want retail to buy certain stocks as they are still exposed.
This is with cash? At least they're covering their bases by blocking all US stock orders.
I still think that the original shorts who wanted the price to drop to $3 or less to make their buck have already been bailed out yesterday when they were the only ones who could buy. I hope some Pulitzer-seeking intrepid reporter is ready to dig deep into this.
I still think that the original shorts who wanted the price to drop to $3 or less to make their buck have already been bailed out yesterday when they were the only ones who could buy. I hope some Pulitzer-seeking intrepid reporter is ready to dig deep into this.
Artful Dodger
"Neko no me"
It sounds like the Clearing Houses have raised margin/equity requirements for their downstream brokerages. This has resulted in liquidity issues for "no-fee" trading shops, who largely make their money by selling their order book info to (you guessed it) hedge funds.
Many large retain broker who charge a fee for trading seem unaffected, or at least remain operational.
Cheers!
So I’ve posted a couple times about this now, but the now debunked theory that Robinhood partnered with funds to shut down yesterday has people putting their money down in an ideological sense. A lot of people are gonna get hurt like this.
What happened yesterday was robinhood ran out of cash because the volume and volatility of trading jacked up the SEC and DTC deposit requirements beyond their cash on hand. You can’t use customer cash for it by regulation.
while I am not a libertarian so I disagree with the conclusion on Dodd-frank here this Twitter user does a good job, along with some other info I shared in my posts last night, on how the capital requirements for these meme stonks jumped up to an amount higher than anyone could really forecast. I encourage everyone to learn about settlement and clearing.
https://twitter.com/KralcTrebor/status/1354952686165225478
What happened yesterday was robinhood ran out of cash because the volume and volatility of trading jacked up the SEC and DTC deposit requirements beyond their cash on hand. You can’t use customer cash for it by regulation.
while I am not a libertarian so I disagree with the conclusion on Dodd-frank here this Twitter user does a good job, along with some other info I shared in my posts last night, on how the capital requirements for these meme stonks jumped up to an amount higher than anyone could really forecast. I encourage everyone to learn about settlement and clearing.
https://twitter.com/KralcTrebor/status/1354952686165225478
dhanson865
Well-Known Member
I haven't tried it either way yet, just going by Transfer Stocks Out Of Your Robinhood Account | Robinhood
Note that there is a $75 fee to transfer your assets out of Robinhood, whether as a partial or full transfer.
corduroy
Active Member
I can't believe Digg is still around.
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