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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

#231

Post by tim333 »

bradleyjg wrote: post #64
sokoloff wrote: post #13

Earlier quoted context omitted.

It's absolutely paternalism, IMO. I'm less sure whether I think it's a good thing or not (because I think people buying new positions in GME at this point are unlikely to end up happy about that in mid-Feb.) I'm all for "let 'em play" in general but this is not going to end well for a lot of folks...

It’s pretty hypocritical for a casino to say that you are welcome to keep playing our table games and lose your money to us slowly but you aren’t allowed to sit down at that table full of poker sharks because we are worried you’ll lose your shirt.

The stockmarkets aspire to be more than a casino and actually a way for people to invest money and productive enterprises to raise it. If you want a casino try crypto.

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

#233

Post by WhompingWindows »

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…

Violence against whom and how? Do the powers that rule the USA truly fear any commoners? I doubt it, the rich are ensconced in private jets, mansions, posh offices, and do not interact with commoners, nor are they easily targeted due to lack of proximity and knowledge. It's not like the French Revolution, where the mobs knew precisely where the king, queen, and legislature were, and could assail them personally.

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

#234

Post by EGreg »

So organized capital was all about free markets and small government, until organized people took it on.

Chamath Palihapitiya of Social Capital is becoming one of my heroes, LOL. Last year he criticized the trillion dollar bailouts of Wall Street, now he comes on to defend the right of retail investors to share information publicly and coordinate a short squeeze against overleveraged short positions by shadowy hedge funds.

When organized people take on organized capital, we get this kind of situation where the organized capital tries to call for government to add additional rules to protect their existing ways of making money. What happened to wanting a free market and less regulation? What happened to welcoming innovation?

Technology empowers people and unites communities. Sometimes those communities can start to organize in new ways. That’s why we started Qbix.com and Intercoin.org - to build the tools for them to do so, without relying on the Big Tech oligopoly.

The future is decentralized. You can’t keep shutting down people’s speech on platforms. And here we are shutting down people’s transactions. Even if you don’t like what they are doing or saying.

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

#235

Post by rvnx »

firebird84 wrote: post #194
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 :|

That last sentence is extremely scary. Do you have a source?

https://www.reddit.com/r/wallstreetbets/comments/l6plv0/robi... (unless I misunderstood something)

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

#236

Post by zarkov99 »

tim333 wrote: post #205
zarkov99 wrote: post #37

This is unbelievable. If there ever was a time to be outraged. This is naked corruption as usual hiding under the shabbiest veil of virtue. RobinHood traders can bankrupt and kill themselves, and that is fine, we will continue prodding them to trade more often, but once we get a call from one our hedge fund buddies, moaning about the rubes stopping him from raping another company, we will shut the rabble down.

It could also be RobinHood trying to avoid their traders bankrupting and killing themselves by restricting them from buying gamestop etc. shares at 10x what they are worth.

How could that possibly work, ever? If RH can stop me from making a trade they deem bad, why don't they just trade on my behalf? This is nonsense. Any pretense of caring for their users could be faked by simply putting a banner up on the forbidden securities. They do not care one iota beyond being able to generate fodder for the hedge funds who pay their bills.

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

#237

Post by [deleted] »

tim333 wrote: post #205
zarkov99 wrote: post #37

This is unbelievable. If there ever was a time to be outraged. This is naked corruption as usual hiding under the shabbiest veil of virtue. RobinHood traders can bankrupt and kill themselves, and that is fine, we will continue prodding them to trade more often, but once we get a call from one our hedge fund buddies, moaning about the rubes stopping him from raping another company, we will shut the rabble down.

It could also be RobinHood trying to avoid their traders bankrupting and killing themselves by restricting them from buying gamestop etc. shares at 10x what they are worth.

[deleted]

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

#238

Post by honest_guy »

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?

Lol

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

#239

Post by um_ya »

Bud wrote: post #202
TheRealDunkirk wrote: post #87

Earlier quoted context omitted.

> the powers that rule USA don't realize that soon the only tool left to common people is violence? What's even more concerning to me is that, to platforms looking for an excuse, your comment could be painted as trying to "incite" violence, and used as a justification to ban you.

There's not any real reason to be concerned about this. Not yet, at least. Furthermore, this comment is offensive. Let's please not pretend that Facebook and Twitter were "looking for an excuse" before deplatforming Trump. They were entirely justified and would have been justified in doing so many years before they eventually did so. Let's also not put the word "incite" in dick quotes barely three weeks after an insu…

I'm curious why people are so tender to the capital riots and not to the Chaz "autonomous zone" and the riots, continued even to this day, by BLM and Antifa. Is there a distinction I'm not getting here?

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

#240

Post by mlinhares »

koheripbal wrote: post #182
TheRealDunkirk wrote: post #87

Earlier quoted context omitted.

> the powers that rule USA don't realize that soon the only tool left to common people is violence? What's even more concerning to me is that, to platforms looking for an excuse, your comment could be painted as trying to "incite" violence, and used as a justification to ban you.

The WSB sub is almost certainly going to get banned by Reddit. Given the track record Reddit has of keeling over to public pressure, there is no way they are going to stand up to the SEC.

There's no public pressure to do that, the only pressure is from Wall Street itself. The public is cheering the whole thing.
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