-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
Managed to finally sign into the dashboard.
Looks like trading volumes are decreasing every 30 mins from 3M to about 1.2M now. Pretty much a small fraction of what it was on any day from last Friday to Tuesday.
With restrictions on the buy/sell side for many, the marketprice is being determined by the sellers or algos who can.
Looks like trading volumes are decreasing every 30 mins from 3M to about 1.2M now. Pretty much a small fraction of what it was on any day from last Friday to Tuesday.
With restrictions on the buy/sell side for many, the marketprice is being determined by the sellers or algos who can.
Taxexemption
Member
That can't be true. As all the cutie 3.14 anime avatars always say "Stocks only go up,"
D
Deleted member 17706
Unconfirmed Member
Glad to see some politicians at least making lip service to doing something.
Still, if Motherboard's post is true, holy shit., Over half of Robinhood users had GME stock and they fucking tied their hands behind their back.
haxan7
Volunteered as Tribute
I tried dumping a few shares and it didn't go through. It only let me sell one at a time.Look how hard it is to the sell. Notice the spacing in between.
StreetsofBeige
Gold Member
I've never done call or puts, but if I did I'd never try to time it selling it the day before or day of expiration. I'd dump the contracts days before.
D
Deleted member 17706
Unconfirmed Member
Look how hard it is to the sell. Notice the spacing in between.
They are basically coordinating with each other to borrow massive amounts of the stock and sell it artificially low to someone willing to help them lower the price, right? Do I have this completely wrong?
ManofOne
Plus Member
Last edited:
Especially when you they are being manipulated . How is this legal? They only went down because Robinhood and co did not let people buy anymore. And they did it because they invested Billions in Melvin and CO.
porkchopexpress
Member
Last edited:
StreetsofBeige
Gold Member
This is the first in history I've ever heard of prohibiting buying, and you're only allowed to sell.
Only time there's stoppages is general halts where nobody can do anything (but or sell) until the SEC says it's ok.
Only time there's stoppages is general halts where nobody can do anything (but or sell) until the SEC says it's ok.
haxan7
Volunteered as Tribute
Of course. They want to destroy us so this never happens again.
AGAIN These sell order ONLY exist because THEY manipulated the market.
Its beack to 200 but on hold again. Thgis is ridiculous. I really hope someone has the balls to sue the shit out of them
Last edited:
D
Deleted member 17706
Unconfirmed Member
Just crazy. I did not think that this would happen. Seriously coordinated efforts to shut down buying and encourage selling.
Rigging it this hard is going to radicalize some already very desperate people. This could get really ugly.
porkchopexpress
Member
could be
Last edited:
infinitys_7th
Member
The Winklevoss twins are on CNBC and the host is pretending to be upset at people pushing for the rebellion instead of being angry at Robinhood for interfering in the market. Disingenuous fuck.
Robinhood are a bunch of fucking cucks.
FunkMiller
Member
Taxexemption
Member
I think several parts of this whole story may not be legal. However, you won't get these things addressed until there are lawsuits after the fact, if they are addressed at all. The big guys on Wall Street largely get to do what they want, and if it's illegal they will often get away with fines, and even then the fines may be much lower than the profit on the illegal activity.
ManofOne
Plus Member
Lol if I ran a brokerage firm and 40% of my customers were trading on margin accounts and put most of their capital in GME. I would take steps to limit losses too. The set margin limits to deter this.
porkchopexpress
Member
interesting
Last edited:
So for the greater good of society? To protect them ? Sorry but this is bullshit. Robinhood did it because they invested BILLIONS into Melvin
Its at 250 again
edit: RIGHT NOW you would cause them to lose EVERYTHING they have.
Last edited:
D
Deleted member 17706
Unconfirmed Member
Crazy how many people I never would have expected to comment or even know of this situation are making statements. Really feels like a movement.
UnravelKatharsis
Member
Ya but with the speed at which the government moves it won't matter. Will be too late.
D
Deleted member 17706
Unconfirmed Member
Yeah, and it will probably be like a meaningless fine and a change of the rules that more negatively impact retail investors than the institutions. Because of course.
Still, better than them just ignoring this completely.
Probably because Melvin has a stake in it and they dont want it to raise
D
Deleted member 17706
Unconfirmed Member
Don't know if anyone was watching Brian Jung's stream
But it just seemingly got killed after he did a big rant on how this market manipulation is unacceptable and people should not put up with it.
Here come's the "inciting violence" big tech censorship, I'm sure.
But it just seemingly got killed after he did a big rant on how this market manipulation is unacceptable and people should not put up with it.
Here come's the "inciting violence" big tech censorship, I'm sure.
Last edited by a moderator:
porkchopexpress
Member
Last edited:
FunkMiller
Member
At least of this is really highlighting just how fucking rigged the system is to favour a small number of people. I always knew it was a shady business at times, but I've been pretty damn surprised by how blatant and bold this latest hedge fund protection racket has been.
This shit isn't going to go away though. RH have destroyed their brand in one foul swoop, and now independent traders know exactly what they're up against.
This shit isn't going to go away though. RH have destroyed their brand in one foul swoop, and now independent traders know exactly what they're up against.
D
Deleted member 17706
Unconfirmed Member
Yep. I'm sure Robinhood didn't have a choice in the matter, but it still completely delegitimizes their app. If 50% of their users truly did have GME stocks, then they are fucking done. You can't just screw over half of your user base like that and stay in business.
People concerned should just move portfolios to the brokerages that didn't implement trading restrictions.
D
Deleted member 17706
Unconfirmed Member
Yeah, I'm going to completely exit Robinhood and probably take it to Vanguard. They seem to have been completely reliable in this whole mess.
SpartanN92
Banned
Or just make their own right?
FunkMiller
Member
Yup. The exodus from RH now is going to be something to behold. Though where to go seems pretty tight. Most of the platforms followed suit.
ManofOne
Plus Member
fees
And they do. But they already went to a platform that calls themselves Robinhood and was openly for a free market until today. If they block people will lose their money in minutes. This stock went down like 300 points in like 1 hour
FunkMiller
Member
Oh, the fucking irony of giving yourself a name like that when you're clearly in the pocket of the Sheriff of Nottingham.
haxan7
Volunteered as Tribute
I've been using eTrade and it seems pretty good. They used to charge commissions but those have been gone since I started trading again.