HIPPYVALLEY Posted January 28, 2021 Share Posted January 28, 2021 Lol! “We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities,” Robinhood said in a statement. Link to comment Share on other sites More sharing options...
Hoth Posted January 28, 2021 Share Posted January 28, 2021 8 minutes ago, HIPPYVALLEY said: Lol! “We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities,” Robinhood said in a statement. How does one sell if buying isn't allowed? Link to comment Share on other sites More sharing options...
NorEastermass128 Posted January 28, 2021 Share Posted January 28, 2021 10 minutes ago, HIPPYVALLEY said: Lol! “We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities,” Robinhood said in a statement. Whatever the powers at be are attempting, it's working. AMC plunging further. LOL. Down to 7.40. Link to comment Share on other sites More sharing options...
Whineminster Posted January 28, 2021 Share Posted January 28, 2021 44 minutes ago, BrianW said: People are reporting on WSB that Robin Hood is blocking purchases of BB, AMC, GME. Can they actually do that? I'm locked out on Robinhood - I don't think they can do that. People on WSB are saying file a complaint with the SEC. Lol well I was making money yesterday.....today....nah so much. 1 Link to comment Share on other sites More sharing options...
Supernovice Posted January 28, 2021 Share Posted January 28, 2021 7 minutes ago, Whineminster said: I'm locked out on Robinhood - I don't think they can do that. People on WSB are saying file a complaint with the SEC. Lol well I was making money yesterday.....today....nah so much. Trust me I get the frustration but....Robinhood and others that offer commission free trades are not doing so out of the goodness of their hearts. They sell your order flow to hedge funds that then front you and make you pay slightly more per share...fractions of a cent that you don’t even notice. The selling of order flow is robinhoods business model- that’s it. So when the hedge funds say jump, robinhood is always going ask how high? It’s like your free checking account at whatever bank you use... that’s really paid for by overdraft fees of primarily lower income people, there’s no free lunch anywhere unfortunately 4 1 Link to comment Share on other sites More sharing options...
amarshall Posted January 28, 2021 Share Posted January 28, 2021 1 hour ago, BrianW said: People are reporting on WSB that Robin Hood is blocking purchases of BB, AMC, GME. Can they actually do that? Huge class action lawsuit incoming. I had trades for NAKD cancelled. from Twitter Robinhood just shorted their own IPO. If there's ever a doubt how rigged this market is, theres no greater example than today. Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted January 28, 2021 Share Posted January 28, 2021 Capitulation, shorts taking over 125$ On hook , glad I didn’t do more at bell Holding one MAC call that expires 2/19 The CNBC tweet last evening about all the players getting together to “fix” this makes this no surprise Link to comment Share on other sites More sharing options...
BrianW Posted January 28, 2021 Share Posted January 28, 2021 4 minutes ago, amarshall said: Huge class action lawsuit incoming. I had trades for NAKD cancelled. from Twitter Robinhood just shorted their own IPO. If there's ever a doubt how rigged this market is, theres no greater example than today. My Fidelity ap hasnt blocked anything. 1 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted January 28, 2021 Share Posted January 28, 2021 38 minutes ago, Whineminster said: I'm locked out on Robinhood - I don't think they can do that. People on WSB are saying file a complaint with the SEC. Lol well I was making money yesterday.....today....nah so much. The SEC is corrupt AF, just ask the precious metals markets. It’s all a casino. Link to comment Share on other sites More sharing options...
NorEastermass128 Posted January 28, 2021 Share Posted January 28, 2021 Sold BBBY at 32.89. 1 Link to comment Share on other sites More sharing options...
Whineminster Posted January 28, 2021 Share Posted January 28, 2021 2 minutes ago, HIPPYVALLEY said: The SEC is corrupt AF, just ask the precious metals markets. It’s all a casino. funny how it's called "robinhood" like it's for the little guy....when in fact it's not. lol. 29 minutes ago, Supernovice said: Trust me I get the frustration but....Robinhood and others that offer commission free trades are not doing so out of the goodness of their hearts. They sell your order flow to hedge funds that then front you and make you pay slightly more per share...fractions of a cent that you don’t even notice. The selling of order flow is robinhoods business model- that’s it. So when the hedge funds say jump, robinhood is always going ask how high? It’s like your free checking account at whatever bank you use... that’s really paid for by overdraft fees of primarily lower income people, there’s no free lunch anywhere unfortunately 1 Link to comment Share on other sites More sharing options...
Whineminster Posted January 28, 2021 Share Posted January 28, 2021 4 minutes ago, HIPPYVALLEY said: The SEC is corrupt AF, just ask the precious metals markets. It’s all a casino. how can they let you sell but not buy? if you're going to halt trading, halt it altogether. joke. 1 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted January 28, 2021 Share Posted January 28, 2021 Too bad we can’t get a WSB type organized mob attack to short squeeze gold and silver. That would be the wake up call that would shake shit to its foundation. 1 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted January 28, 2021 Share Posted January 28, 2021 13 minutes ago, Whineminster said: how can they let you sell but not buy? if you're going to halt trading, halt it altogether. joke. This has gotten absurd! Big institutions don’t like the proletariat stepping’ to them. Link to comment Share on other sites More sharing options...
TauntonBlizzard2013 Posted January 28, 2021 Share Posted January 28, 2021 Robinhood blocking people from buying stocks is almost certainly going to end in many lawsuits and probably the downfall of their operation Link to comment Share on other sites More sharing options...
TauntonBlizzard2013 Posted January 28, 2021 Share Posted January 28, 2021 I got in on XSPA this morning and it has since ranked lol 1 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted January 28, 2021 Share Posted January 28, 2021 11 minutes ago, TauntonBlizzard2013 said: I got in on XSPA this morning and it has since ranked lol I have been bag holding it forever. Lol Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted January 28, 2021 Share Posted January 28, 2021 GME from 450 at 8am to 150 , now 270 lol at lease NOK is a 4$ stock anyway , shorts have nothing to gain from trying to push this below 4.75 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted January 28, 2021 Share Posted January 28, 2021 11 minutes ago, STILL N OF PIKE said: GME from 450 at 8am to 150 , now 270 lol at lease NOK is a 4$ stock anyway , shorts have nothing to gain from trying to push this below 4.75 NOK an BB are more long-term holds so I’m not sure why there was so much action this week. Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted January 28, 2021 Share Posted January 28, 2021 Just now, HIPPYVALLEY said: NOK an BB are more long-term holds so I’m not sure why there was so much action this week. NOK began from a 4$ base and barely even began to run . KOSS on the other hand I wonder how many WSB’s folks who got in early and were screaming to their legion “not so sell” sold and cashed huge checks 1 Link to comment Share on other sites More sharing options...
BrianW Posted January 28, 2021 Share Posted January 28, 2021 Fidelity's ap and website is crashing now as everyone is trying to leave RH and join. 1 1 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted January 28, 2021 Share Posted January 28, 2021 2 minutes ago, STILL N OF PIKE said: NOK began from a 4$ base and barely even began to run . KOSS on the other hand I wonder how many WSB’s folks who got in early and were screaming to their legion “not so sell” sold and cashed huge checks Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted January 28, 2021 Share Posted January 28, 2021 3 minutes ago, HIPPYVALLEY said: Now that is garbage They pick and choose what is halted lol . Probably see Wall Street receive some physical visits Or blowback from disgruntled traders who saw accounts go from 2M to 20k. Options markets expiring this Friday will see that sort of change Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted January 28, 2021 Share Posted January 28, 2021 Just now, STILL N OF PIKE said: Now that is garbage They pick and choose what is halted lol . #riggedcasino 1 Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted January 28, 2021 Share Posted January 28, 2021 Robin Hood only letting investors close out their positions in retail stocks . Lol . They are done. A interesting alliance is against that decision https://www.marketwatch.com/story/mark-cuban-dave-portnoy-aoc-and-others-react-to-robinhood-restricting-trades-on-gamestop-and-amc-11611855658?mod=home-page 1 Link to comment Share on other sites More sharing options...
PowderBeard Posted January 28, 2021 Share Posted January 28, 2021 So Wall Street hates when poor people learn the rules? I can't wait for the movie. Reddit is the new Porsche. 1 Link to comment Share on other sites More sharing options...
TauntonBlizzard2013 Posted January 28, 2021 Share Posted January 28, 2021 35 minutes ago, STILL N OF PIKE said: Robin Hood only letting investors close out their positions in retail stocks . Lol . They are done. A interesting alliance is against that decision https://www.marketwatch.com/story/mark-cuban-dave-portnoy-aoc-and-others-react-to-robinhood-restricting-trades-on-gamestop-and-amc-11611855658?mod=home-page Robinhood effectively killed their business this morning Link to comment Share on other sites More sharing options...
STILL N OF PIKE Posted January 28, 2021 Share Posted January 28, 2021 15 minutes ago, TauntonBlizzard2013 said: Robinhood effectively killed their business this morning Seems they may have . But the S.E.C told them to Even Ja rule seems upset lol https://nypost.com/2021/01/28/ja-rule-gamestop-stock-buyers-need-to-hold-the-line/?utm_campaign=applenews&utm_medium=inline&utm_source=applenews Link to comment Share on other sites More sharing options...
dendrite Posted January 28, 2021 Author Share Posted January 28, 2021 Guess this is a market thread now. We had talked about cutting out the market posts a few weeks ago with the COVID too. The milfs must be quarantining until they can get the vaccine. 1 Link to comment Share on other sites More sharing options...
Lava Rock Posted January 28, 2021 Share Posted January 28, 2021 17 minutes ago, TauntonBlizzard2013 said: Robinhood effectively killed their business this morning good. this should never have been allowed. absolute madness. 2021 off to a great start 1 Link to comment Share on other sites More sharing options...
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