Robinhood and Didi to Kick Off a Hot IPO Summer
1–10 of 69 posts
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#2FYI for those interested: you can get exposure to Robinhood's post-IPO market cap outcome right now via FTX.com pre-IPO futures.
This is something I'm pleasantly surprised by in 2021: Deposit crypto. Transact pre-ipo futures, stock futures, commodities like lumber etc. 24/7 with solid-liquidity.
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#3FYI for those interested: you can get exposure to Robinhood's post-IPO market cap outcome right now via FTX.com pre-IPO futures. This is something I'm pleasantly surprised by in 2021: Deposit crypto. Transact pre-ipo futures, stock futures, commodities like lumber etc. 24/7 with solid-liquidity.
> you can get exposure to Robinhood's post-IPO market cap
Ish. Creating derivatives around private assets is hard. Anyone who bought FTX swaps in e.g. Coinbase pre-IPO lost money on bad pricing alone. It’s for these reasons that their product is not compliant with decades-old U.S. securities law. Unfortunately, it’s free to roam in younger jurisdictions.
Disclaimer: I work in the private markets. I used to make markets in derivatives. I haven’t seen a single solution, to date, that competently combines the two.
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#4This definitely calls for that one four-panel image macro with drake saying no thanks in panel one to something in panel two, and approving in panel three to what’s in panel four.
You know the one right?
So then panel two: Buying meme-stocks
And panel four: Buying stonks in the platform that everyone is using to buy meme-stocks.
It’s too bad that I don’t actually have any money to buy Robinhood IPO though :^) :’)
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#5Just a reminder that robinhood prevented people buying certain stocks while allowing them to sell, causing many people to lose money, but supporting the short selling hedge funds, whilst claiming to be “investment for the people”.
Possibly they are rushing to IPO before facing court.
I would neither buy shares IN Robinhood nor would I buy shares using a Robinhood account.
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#6Just a reminder that robinhood prevented people buying certain stocks while allowing them to sell, causing many people to lose money, but supporting the short selling hedge funds, whilst claiming to be “investment for the people”. Possibly they are rushing to IPO before facing court. I would neither buy shares IN Robinhood nor would I buy shares using a Robinhood account.
This is very important to know.
Robinhood actively colluded with their hedge fund owners, by blocking buy orders — but not sell orders — under the guise of “increased margin requirements”.
In fact, those margin requirements were being set by Robinhood’s prime broker and investor, Citadel Securities — who were set to lose billions if retail were allowed to keep buying.
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#7Just a reminder that robinhood prevented people buying certain stocks while allowing them to sell, causing many people to lose money, but supporting the short selling hedge funds, whilst claiming to be “investment for the people”. Possibly they are rushing to IPO before facing court. I would neither buy shares IN Robinhood nor would I buy shares using a Robinhood account.
Just a reminder that Robinhood didn't prevent this. Automatic increases to clearing house collateral requirements prevented this. If Robinhood allowed those trades to go through, they'd have been cut off from the clearing houses, and none of their customers would have been able to perform any trades.
Unfortunately, due to the low level of public understanding of how stock trades actually settle, the conspiracy narrative you're presenting was the one that made it into the public consciousness.
There's no such thing as an instant stock trade. Retail brokerages are a leaky abstraction over what is actually an incredibly messy settlement layer. This abstraction holds when everything is normal, and leaks when stock prices become too volatile.
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#8Just a reminder that robinhood prevented people buying certain stocks while allowing them to sell, causing many people to lose money, but supporting the short selling hedge funds, whilst claiming to be “investment for the people”. Possibly they are rushing to IPO before facing court. I would neither buy shares IN Robinhood nor would I buy shares using a Robinhood account.
This is very important to know. Robinhood actively colluded with their hedge fund owners, by blocking buy orders — but not sell orders — under the guise of “increased margin requirements”. In fact, those margin requirements were being set by Robinhood’s prime broker and investor, Citadel Securities — who were set to lose billions if retail were allowed to keep buying.
Robinhood’s own customers got tossed to the dogs because Citadel told the CEO of Robinhood to manipulate the market.
If you have a Robinhood account then you risk Robinhood making decision that lose you money so that the hedge funds make money.
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#9Just a reminder that robinhood prevented people buying certain stocks while allowing them to sell, causing many people to lose money, but supporting the short selling hedge funds, whilst claiming to be “investment for the people”. Possibly they are rushing to IPO before facing court. I would neither buy shares IN Robinhood nor would I buy shares using a Robinhood account.
Just a reminder that Robinhood didn't prevent this. Automatic increases to clearing house collateral requirements prevented this. If Robinhood allowed those trades to go through, they'd have been cut off from the clearing houses, and none of their customers would have been able to perform any trades. Unfortunately, due to the low level of public understanding of how stock trades actually settle, the conspiracy narrat…
No, Robinhood’s collateral requirements were increased by their clearing house only because their clearing house were on the hook to lose billions to retail investors during January’s short squeezes.
The same clearing house used by Robinhood were the same people illegally naked-shorting GME.
This is collusion, plain and simple. No part of this is representative of the “free” market.
Re: Robinhood and Didi to Kick Off a Hot IPO Summer
#10Earlier quoted context omitted.
Just a reminder that Robinhood didn't prevent this. Automatic increases to clearing house collateral requirements prevented this. If Robinhood allowed those trades to go through, they'd have been cut off from the clearing houses, and none of their customers would have been able to perform any trades. Unfortunately, due to the low level of public understanding of how stock trades actually settle, the conspiracy narrat…
No, Robinhood’s collateral requirements were increased by their clearing house only because their clearing house were on the hook to lose billions to retail investors during January’s short squeezes. The same clearing house used by Robinhood were the same people illegally naked-shorting GME. This is collusion, plain and simple. No part of this is representative of the “free” market.
Nonsense. Clearing houses don't lose anything during a short squeeze, as long as funds committed to a trade actually clear. They aren't the ones on the hook for a short exploding.
They raise their collateral requirements during a period of high volatility. As it turns out, when you run a zero-fee brokerage, you don't just have a couple of extra billions of dollars lying around that you can put up as collateral on a moment's notice.
> illegally naked-shorting GME.
You don't understand how shorts work.
You don't need anyone doing a naked short for a stock to exceed 100% short. This has been explained hundreds of times, both here, and on Reddit.