91–100 of 137 posts
It's pretty clear that Robinhood users are incredibly leveraged right now on these transactions. Someone in finance probably gave their team a "Come to Bernanke moment" and pointed out that when the bubble pops they will be eating a huge load of crap where they are on the hook for a bunch of teenagers' margin calls. It's crappy all around, but the ball was in their court for giving so many people the ability to trade…
We're in a bubble that's being used instrumentally in a game of chicken between average joe with RH account and hedge funds on their short positions. There's more to gain from this because of the social aspect (social change and reform), but also more to lose (bubble bursting on the average citizen that has more to lose personally than a fund). I'm obviously not cheering for the funds here, but I do worry for people…
I can't help but facepalm that people are genuinely encouraging one another to buy a stock that is so obviously overvalued, and then hold it at that price as long as possible... there are not many guarantees in trading, but that is a guarantee to lose money. and because it's under the guise of "sticking it to the man" people have become even less rational about their money. so when the stock eventually corrects to wh…
What? This is not at all a guarantee. Even if there were a guarantee that it will come back down eventually (which seems highly likely but that's still not a guarantee), that doesn't mean it will go down today or tomorrow or next week. For all we know there is still lots of time for new investors to get in, make money, and then get out before the price crashes.
The particular absurdity of your claim here is that if it were true, we could not possibly have ended up in this place. That's exactly how we got here, people who "knew better" knew that of course this stock was going down and shorted it. Then it went up a little and people shorted it even more and it went up even more, and on and on as this played out over the past few weeks.
Regulation coming for all sides soon.
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Android isn't the largest share of smart phone users in the US, and it's still 5 stars on the iOS app store.
Robinhood is only available in the US.
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The part that is "honorable" about the social movement, for me at least, is that the sheer exposure of the shenanigans that wall street carries out, coupled with the challenging of status quo power structures (institutional vs. retail, special accredited status vs. joe on RH), has the potential to lead to general reform and positive changes. I think you're too quick to defend short selling as purely good, just as eve…
Can anyone in this social movement articulate what exactly those “shenanigans” are and provide evidence that they’re occurring. Not that there aren’t well founded criticisms of the financial industry. But as far as I see WSB appears to have zero overlap with any of them. All I see are gross inaccuracies (“short interest over 100% means they were naked short”) and zero-evidence QAnon like conspiracy theories about hed…
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Mark my words - Robinhood is going to be fine and it will have negligible impact. They have a strong product and better than anyone else in the market as a mobile app.
Fair enough. I've immediately liquidated everything in my RH account (I wasn't trading GME or AMC), and I'm waiting to withdraw my funds before I close my account and never touch their app again. There are plenty of brokers, and web-based brokerages work better than a mobile app for me anyway.
Too little too late as far as brand reputation. Feels like #DeleteUber on steroids.
Mark my words - Robinhood is going to be fine and it will have negligible impact. They have a strong product and better than anyone else in the market as a mobile app.
I know they've lost me as a customer (and I actually pay for gold and margin). I was a huge fan of Robinhood and have been using them for nearly 5 years.
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Webull has blocked it too. As has Cash App of all things. This seems coordinated tbqh.
Webull had to because of Apex, midday they got that sorted out and allowed buying again
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Mark my words - Robinhood is going to be fine and it will have negligible impact. They have a strong product and better than anyone else in the market as a mobile app.
It's a pretty product but calling it "strong" is very generous. It goes down constantly and I'd personally never trust more than a few hundred bucks to the platform. It's by far one of the worst brokerages in terms of execution and reliability.