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Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

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Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#131

Post by pfortuny »

mFixman wrote: post #111
speeder wrote: post #9

This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…

> some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right [...] What?

The ft dropped the “Alt-Right” bomb in an article and then they had to change it.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#132

Post by corobo »

thinkingemote wrote: post #94

Robinhood will have its work cut out to recover the trust lost today. I wonder how they will respond?

I don't think they can respond to this adequately.

Imagine being the first one to bend to big money with that name hahaha

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#133

Post by akvadrako »

rvnx wrote: post #7

Interactive Brokers now blocking purchase call and put options (even to institutional investors!) on $GME, you can only close a position. On the other side, Robinhood is asking for account to be funded with cash to execute the calls at expiration, or else they will liquidate your position :|

This is much more signifiant than Robinhood because IBKR is one of the most professional trading platforms available for retail investors.

Some more info:

https://twitter.com/IBKR/status/1354792600004386818

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#134

Post by rory »

metalliqaz wrote: post #52
wyldfire wrote: post #26

Can someone help me understand Robinhood's POV? This just seems so outrageous that there must be some sane rationale that I'm not seeing. Why do Robinhood, Reddit, Discord, etc feel like they have to respond to this? Whether the investments being made are responsible or not, it doesn't seem like it should be their place to intervene. If the hedge funds over-shorted GME and WSB recognized that and traded against that…

Robinhood allows free trades. With all the new customers loging in and just buying a few stocks, they have to acquire lots of new shares. When this is all over, a lot of retail investors are going to be left holding the bag, and will likely not be continuing customers.

Are buyers of these stocks really exposed to more downside risk than the buyers of the way OTM options they sell to retail investors freely?

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#135

Post by coredog64 »

DyslexicAtheist wrote: post #106

Step 0: Citadel pays Robinhood for order flow. Citadel gets to see RH's orders a few milliseconds before they're filled. Citadel may choose to front-run some of those trades. Step 1: RH's customers and WallStreetBets start manipulating $GME. This is happening in the open. -- https://twitter.com/toxic/status/1353890766800621569

Dueling Twitter posts:

https://twitter.com/matt_levine/status/1354129838806872073?s...

I’m gonna go with Matt Levine over a Twitter rando, especially since the step 0 notes something that is explicitly illegal (front running)

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#136

Post by bko »

speeder wrote: post #9

This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…

> the powers that rule USA don't realize that soon the only tool left to common people is violence?

Do you honestly believe this? Somehow we'll go from not being able to buy certain stocks to violence?

Banning collecting rain water on your own property didn't do it. Abject failure of politicians keeping drinking water clean didn't do it? Not being able to buy cheese from unpasteurized milk didn't do it. Can't grow a plant in your own backyard for personal consumption. But this is it, this is the impetuous. Not being able to buy GME stock.

Let's be real. This is small potatoes.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#137

Post by thaumaturgy »

speeder wrote: post #9

This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…

> ...the powers that rule USA don't realize that soon the only tool left to common people is violence?

I wonder how big the intersection is between people saying this now and people who said that the Black Lives Matter protests were violent (when they largely weren't).

> there is the deplatforming going on, people asserted their power financially, and now getting that removed too

It's not the same people. I keep seeing efforts to compare the deplatforming of violent and radical white supremacists that were using platforms to coordinate a coup to whatever other unpopular thing is happening today. I suspect that's an attempt to cultivate a little sympathy for people who have none for others.

Yes, large investment firms appear to be circling their wagons now and making moves through media partners and others to try to stop the bleeding. That's an entertaining enough event all on its own, it doesn't need specious comparisons to other recent events.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#138

Post by zarkov99 »

vlkr wrote: post #120
zarkov99 wrote: post #57

Sure. Robinhood got a call from someone very powerful in their circle, politely asking them to stop the amateur plebes from interfering with their professional market manipulation. We are taking about people commanding titanic amounts of capital and (indirect) regulatory power. Robinhood then had the choice, do we make enemies out of these people or do we just screw, er, I mean protect, our customers? Unburdened by a…

Source?

If I had a source I would be reporting it to the SEC, the FBI and any newspaper that would print it, though of course that would likely be none. This is all speculation, obviously.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#139

Post by christophilus »

baybal2 wrote: post #78
speeder wrote: post #9

This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…

I've heard the talk that Robinhood website is an op by a financial fund called Citadel LLC. It may be considered market manipulation on their side well more solidly than some speculation on the internet, not to say a breach of brokerage contractual obligations.

Is that the same Citadel who lent money to Melvin Capital? If so, that's a huge red flag.

Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

#140

Post by simlevesque »

swayson wrote: post #69

Alienating your userbase before an IPO. Damn, how much leverage do this 'hidden' hand have.

Yeah but the thing is that the free market does not exists and companies can screw customers up and customers hating a company does not affect it that much.

The lists of companies that are absolutely shitty to their customers and are making billions is never ending. They don't need our approval.

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