Stock-Age: Stocks, Options and Dividends oh my!

Dunki said:
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EviLore said:
Fidelity and Vanguard. Good places to have accounts regardless.
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Yeah, I've got my 401k with Fidelity and ROTH IRA account with Vanguard. Just never thought to use them for retail stocks until this. I got too comfortable with the slick Robinhood interface.
 
ReyBrujo said:
So, what if with all these restrictions the price still recovers and hits a new high?
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It's rallied to 270. Volatile as fuck. Halts all the time. Hedge funds on one side trying to suppress by leaning on brokers, investors on the other trying to buy up on any platform still allowing.

recap bachelorette GIF
 
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Jesus... even with all of the troubles yesterday, WSB is up over another million degenerates in 24 hours.
 
"short ladder attack" is a new one for me. Man, security trading is like a crazy MMO with decades of complex systems piled onto it.
 
I gotta love how Robinhood of all platforms is halting this. Steal from the rich to give to the poor is what Robin Hood is famous for. The app is literally stealing from the poor and giving it to the rich.

I just cant.

I hope people go to jail over this.
 
SlimySnake said:
I gotta love how Robinhood of all platforms is halting this. Steal from the rich to give to the poor is what Robin Hood is famous for. The app is literally stealing from the poor and giving it to the rich.

I just cant.

I hope people go to jail over this.
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CNBC is all over it blaming the little guy for Robinhood stealing from them.

I fucking hate smug fucks in politics and business.
 
SlimySnake said:
I gotta love how Robinhood of all platforms is halting this. Steal from the rich to give to the poor is what Robin Hood is famous for. The app is literally stealing from the poor and giving it to the rich.

I just cant.

I hope people go to jail over this.
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fitting :P

www.buzzfeednews.com

People Are Accusing Robinhood Of Stealing From The Poor To Give To The Rich After It Limited Trading On Gamestop Shares

The online brokerage app was criticized for blocking purchases for certain stocks.
www.buzzfeednews.com www.buzzfeednews.com
 
I would like to stress again. That Robinhooders prob borrowed money from Robin Hood to buy GME. If that's the case Robin Hood has to protect themselves bc if everyone defaults on their loans then Robin Hood won't be able to recover the full amount.
 
ManofOne said:
I would like to stress again. That Robinhooders prob borrowed money from Robin Hood to buy GME. If that's the case Robin Hood has to protect themselves bc if everyone defaults on their loans then Robin Hood won't be able to recover the full amount.
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How does this makes sense? They only fell because they stopped trading in the first place. So in this case people already lost tons of money with their move
 
Dunki said:
How does this makes sense? They only fell because they stopped trading in the first place. So in this case people already lost tons of money with their move
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If people were holding calls that expire Friday what you think about have happened. You have to either sell the option, buy it or let it expire.

This was going to happen regardless. They just taking measures to protect themselves
 
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ManofOne said:
If people were holding calls that expire Friday what you think about have happened. You have to either sell the option, buy it or let it expire.

This was going to happen regardless. They just taking measures to protect themselves
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That's simply insane though. If Robinhood doesn't restrict trade those options are all in the money. Right now they are engineering the situation where some may expire worthless. They should be sued for every dollar lost by those investors imo. They can set margin rules for buying volatile stocks but I'd rather believe their association to big Wall Street funds is more of an Occam razor story.
 
Tesseract said:
that feel when the internet bankrupts hedge funds while making a profit

finance.yahoo.com

Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok

(Bloomberg) -- For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends -- Steve Cohen and Dan Sundheim -- have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken...
finance.yahoo.com finance.yahoo.com
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