41–50 of 88 posts
Not being in the US I don't know this but can Robinhood be sued, like a lot of people seem to be calling for, just for refusing to handle trades on a stock?
Earlier quoted context omitted.
hide/flag the post and move on
I agree with the comment above yours, HN turned into Reddit for the last week.
I strongly predict it will end with:
"And no technology was discussed"
While the title might be true for the "amateur investors" that got in early, I strongly believe that most of them are not outwitting anyone and will be bagholders. As of this post basically everyone who bought yesterday are underwater by 50%.
depends on when the positions are liquidated. everyone who bought yesterday is fighting exchanges whose only option for GME is "sell" because buying is restricted. I don't know how some of these shorts will find 20 million shares by tomorrow.
Frankly I thought with puts you state time limits, and with shorts you decide for yourself when you’ll have to give shares back. If that is not so, then I guess I finally understand why everyone says shorts are super risky.
Earlier quoted context omitted.
depends on when the positions are liquidated. everyone who bought yesterday is fighting exchanges whose only option for GME is "sell" because buying is restricted. I don't know how some of these shorts will find 20 million shares by tomorrow.
>I don't know how some of these shorts will find 20 million shares by tomorrow. you're confusing shorts with options. shorts don't expire. They can be held indefinitely as long as you have the margin to keep up with the losses.
Not being in the US I don't know this but can Robinhood be sued, like a lot of people seem to be calling for, just for refusing to handle trades on a stock?
> "This isn't investing, this is gambling" Yep. Agreed. Spot-on. That's what Wall St does. If you don't like it, try and stop it. But for everyone, including the hedge funds. Treating the derivatives markets like a casino (and taxing appropriately) sounds like a great idea.
I get this knee jerk reaction but there is something to be said about the risk analysis, sophistication, etc of said hedge funds. They’re not gambling in the same sense, but sure in some sense they are. Even having an entry level “risk model” is more sophistication than most home traders. You can’t just dismiss all that as nothing.
> "This isn't investing, this is gambling" Yep. Agreed. Spot-on. That's what Wall St does. If you don't like it, try and stop it. But for everyone, including the hedge funds. Treating the derivatives markets like a casino (and taxing appropriately) sounds like a great idea.
I get this knee jerk reaction but there is something to be said about the risk analysis, sophistication, etc of said hedge funds. They’re not gambling in the same sense, but sure in some sense they are. Even having an entry level “risk model” is more sophistication than most home traders. You can’t just dismiss all that as nothing.
Earlier quoted context omitted.
Platforms are banning buys for retail, ofc it's going down. If rh and td didnt ban it I bet it would be even higher.
But what's the endgame? That the stock will go up forever, so that the existing investors are perpetually being paid by future investors?
Earlier quoted context omitted.
Platforms are banning buys for retail, ofc it's going down. If rh and td didnt ban it I bet it would be even higher.
But what's the endgame? That the stock will go up forever, so that the existing investors are perpetually being paid by future investors?