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Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
451–460 of 1001 posts
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#452This 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…
I think the point is the general cut on freedoms more than any of the individual steps. For some people the increasing power given to corporations and governments to cut people freedom and putting their rights in front of individual rights (the pilar of all mordern western democracies).
The fenomenon is global by the way, but it still has been dominated by classic political tags on the media, like alt-right vs commie etc. A very few polititians broke that pattern the last 5 years or so, won'tt give any names, because all that labels I mentioned,
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#453Earlier quoted context omitted.
> 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…
What nightmare of a HOA do you have that bans rain barrels?
I'm not aware of any HOA that bans rain water collection but many state and local governments do to protect their monopoly.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#454This 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…
It's also ironic that one of the supposed ethos of Bitcoin is to circumvent these powers that be - meanwhile every time there's an upward surge in pricing Coinbase conveniently isn't accessible which temporarily blocks impulse sellers and stops a rush of the "army of HODLers" from selling. If this behaviour isn't illegal it certainly should be, it's manipulation.
Bitcoin is a monetary escape valve from the current financial system according to Janet Yellen. It’s a 20 year long trend that can work peer to peer even without any exchange. Of course Coinbase makes things simpler, but it’s not needed.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#455Earlier quoted context omitted.
Hey, crowd, you are not allowed to buy up the stock like that! Someone is gonna get hurt on the way down! “Here let us help you” — closes down exchanges, panic sell — “isn’t that all better?” People with their money stuck and unable to cash out... so much better eh? I smell a huge class action lawsuit
Well, to be fair - they are at least allowing sales, just not purchases.
To be fair - this would be called illegal market manipulation (pushing stocks in a downward direction)
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#456Earlier quoted context omitted.
> Can someone help me understand Robinhood's POV? Robinhood is a margin-lending options-trading broker. If a customer falls down on a trade, it is ultimately liable. If a retail customer loses money and makes a FINRA complaint that Robinhood induced them to buy through its gameified interface, it is liable. Risk and compliance likely made this call. Also, Robinhood makes its revenue from market makers. They are the c…
Hedgefunds are real Robinhood customers buying their order flow. They go belly up Robinhood looses their actual source of income plus Robinhood lent them a ton of stock to short so they are on the hook too.
> Hedgefunds are real Robinhood customers buying their order flow
Market makers buy order flow. Hedge funds don't. The only major hedge fund affiliated with a market maker is Citadel.
Melvin and Citron placing shorting GME is an anomaly in the hedge fund world. Most institutional short views are expressed through options and structured products. (Market makers convert those options into shorts, the same way they convert calls into stock purchases.)
Market makers are making tonnes of money on this. It's the low-information non-directional trading their models are built for. (Source: former options market maker. My former colleagues are making annual targets in a week.)
Some hedge funds are getting screwed. But that is mostly over. Few funds' risk tolerances let them extend a 10x loss on an outright short. With respect to their puts, their maximum loss is the premium. That's generally baked into the risk model ex ante.
The only sophisticated parties holding the bag are brokers. Margin loans at risk. Uncovered options sales at risk. Most significantly, when the scheme inevitably crashes, almost-inevitable class-action lawsuits from clients claiming to have been misled by their interfaces.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#457Sure. 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…
This is so true. It's all connected. It's probable that Reddit, Discord, RobinHood have all received calls to disrupt retail traders from political players or financial backers. There's no evidence of this, the truth is we'll never know, but how its most obvious reason. If only RobinHood would live up to its namesake. It is alarming that "soft" circuit breakers are being used to target retail traders on exchanges. I…
I look forward to the investigations on market manipulation that RH, Schwann, and TD did by not allowing their customers to trade on that stock.
Or is it normal for brokers to independently halt trades on stocks they deem too risky?
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#458This 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.
Please don't use rape as a metaphor.
> p-p-p-p-lease don't use rape as a metaphor
> notacoward
Fucking white people can't go extinct soon enough
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#459Earlier quoted context omitted.
> Can someone help me understand Robinhood's POV? Robinhood is a margin-lending options-trading broker. If a customer falls down on a trade, it is ultimately liable. If a retail customer loses money and makes a FINRA complaint that Robinhood induced them to buy through its gameified interface, it is liable. Risk and compliance likely made this call. Also, Robinhood makes its revenue from market makers. They are the c…
This is most likely the answer. They are taking on a lot of risk allowing this type of trading behavior. They likely don't have suitable risk infrastructure developed to feel like they have a handle on it, so they shut it down.
Robinhood takes on a lot of risk when their customers buy GME?
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#460Earlier quoted context omitted.
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.
You realize Robinhood allows you to buy Dogecoin as well, right? Do you not see the hypocrisy?
It does? Amazing.