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An Update on Market Volatility

blog.robinhood.com

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Re: An Update on Market Volatility

#131

Post by TigeriusKirk »

systemvoltage wrote: post #120
TigeriusKirk wrote: post #108

Earlier quoted context omitted.

But they've taken themselves out of the newbie market. Newbies now see them as shady. Potential newbies now see them as shady. I think you're drastically underestimating the reputational hit they took today.

I've seen these things come and go. #DeleteUber, no one gives a shit about it anymore. Perhaps, you're drastically overestimating the hit they took today? Let's mark this comment and check after 6 months or a year.

DeleteUber was entirely different thing. A boycott attempt driven by social justice issues. This is something that negatively impacted over half of Robinhood's customers in a very direct manner. Not at all comparable.

Sure, let's check back in a year.

Re: An Update on Market Volatility

#132

Post by reducesuffering »

mrgreenfur wrote: post #128
reducesuffering wrote: post #119

Earlier quoted context omitted.

> 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. Yes, that means an equivalent amount of people will be holding the huge loss, because they bought in when the previous person got out...

The short squeeze is to force the hedge funds to buy at a high price when they have to cover their short. This is the whole plan.

And once there's no more hedge funds shorting, or not enough capital from retail to squeeze shorts anymore? Price flatlines, retail will eventually start selling, and the downward spiral to play musical chairs will be devastatingly quick.

Re: An Update on Market Volatility

#133

Post by Cd00d »

simonbarker87 wrote: post #71
2bitencryption wrote: post #33

Earlier quoted context omitted.

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…

The vast majority know what they are doing here, I took a tiny fraction of my money and bought in - less than I would spend on a family meal out. I assume I lost it but it’s fun to have some skin in the game for the ride. Some people are putting silly amounts in but they know they’re not investing based on market fundamentals, they want in on the ride and they know they can loose it all. The issue here is the clear p…

I know GameStop brought in new leadership, but a turn around is a reach, in my opinion.

To me, GameStop is the mall store (problem), that required me to pre-pay for product expected to be wildly popular (problem), offers me $2 for physical media (problem^2) so that when I go in they can offer me used for $58 instead of new for $60 (problem).

The future of gaming is downloads and streaming. GameStop may be able to generate revenue for a while selling used last gen systems while the current new consoles launch, but there's nothing about their position or business model that has a strong future. Plus, I'd say their long history of horrible customer satisfaction mean they don't have the brand loyalty for a pivot/reboot.

I don't think it's unethical to short that.

Re: An Update on Market Volatility

#134

Post by ABeeSea »

lamontcg wrote: post #121
ABeeSea wrote: post #116

Earlier quoted context omitted.

It’s not meant for day trading; it’s meant for investing.

There's no need for a Capital-I Investment App to be on mobile. You should be doing research on a bigger screen, and when its time to execute trades you shouldn't be doing them on the shitter and shouldn't care if its executed at 9am or 4pm or the next day. The Robinhood app is totally designed to suck Millennials into daytrading on their mobiles.

Not everyone has a laptop or a desktop. And you can do plenty of research on a phone or iPad.

Re: An Update on Market Volatility

#135

Post by systemvoltage »

TigeriusKirk wrote: post #131
systemvoltage wrote: post #120

Earlier quoted context omitted.

I've seen these things come and go. #DeleteUber, no one gives a shit about it anymore. Perhaps, you're drastically overestimating the hit they took today? Let's mark this comment and check after 6 months or a year.

DeleteUber was entirely different thing. A boycott attempt driven by social justice issues. This is something that negatively impacted over half of Robinhood's customers in a very direct manner. Not at all comparable. Sure, let's check back in a year.

You make a fair point noting the differences of motivation behind the boycott.

Re: An Update on Market Volatility

#136

Post by thekyle »

aneemzic wrote: post #61
DiabloD3 wrote: post #21

Earlier quoted context omitted.

How are they going to deal with the fact half of their reviews on Google Play are 1 star, and their average is now 1.x star? Google isn't going to bend over backwards for them to delete legitimate user reviews.

The same reason it didn't effect Facebook. Ratings don't matter for apps that are already household names. There's also no comparable alternative.

What about Webull? Seems like they serve the same market.

https://www.webull.com/

Re: An Update on Market Volatility

#137

Post by voisin »

awillen wrote: post #54
legitster wrote: post #36

Earlier quoted context omitted.

>Unless you're talking about buying on margin I can assure you, there was a lot of margin purchases happening.

Sure, but why are they using that as an explanation for shutting down all trading, including that not on margin?

...because that’s not the true explanation!
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