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Started By
Message
re: Robinhood has turned off buys for GME, NOK, AMC
Posted on 1/28/21 at 10:09 am to CajunTiger78
Posted on 1/28/21 at 10:09 am to CajunTiger78
And now its halted because of the quick swing up.
1
Posted on 1/28/21 at 10:10 am to Bard
This is unreal. I'm no student of the stock market and just have a marginal amount of expendable cash that I've played with for the past couple of years (my IRA and 401k are managed through a firm) so a lot of this is over my head.
But is there any sort of precedent for this? Like, ever? This is so unreal...There's no way these people are allowed to get away with this, right? It is just so blatantly corrupt that I cannot see there being no massive ramifications for these folks. Right? Or am I just being way too naive?
But is there any sort of precedent for this? Like, ever? This is so unreal...There's no way these people are allowed to get away with this, right? It is just so blatantly corrupt that I cannot see there being no massive ramifications for these folks. Right? Or am I just being way too naive?
Posted on 1/28/21 at 10:10 am to flyAU
quote:
AMC is coming back
As I typed my last post they were down to $9, now they're just over $10. Watching it is like watching a stock on a cartoon.
Posted on 1/28/21 at 10:11 am to Tigersaint09
quote:
Submit a complaint to the SEC here
/puts on Karen wig.
Posted on 1/28/21 at 10:12 am to Tigersaint09
quote:
Submit a complaint to the SEC here
Why have they not acted already? frickers should be all over this situation.
Posted on 1/28/21 at 10:13 am to supadave3
It's RobinHood's funeral. Little John takes his arse down
Posted on 1/28/21 at 10:13 am to MyrtleBeachTiger
this attorney seems to think there is a legit chance for a class action
LINK
LINK
Posted on 1/28/21 at 10:15 am to CajunTiger78
quote:
And now its halted because of the quick swing up.
So, they only halt it when it swings up, and not down, like it did at the outset today?
Posted on 1/28/21 at 10:18 am to rocket31
quote:
this attorney seems to think there is a legit chance for a class action
He's right. If they had halted all action, they'd probably be fine. But only allowing closing of positions definitely opens them up to a manipulation class-action suit.
Posted on 1/28/21 at 10:30 am to RedPants
In a fair world SEC would be on the phone and threatening them with closure. I'm not sure they can do this for any prolonged length of time.
I don't like what wsb, et al are doing in all of this. But they have every right to enact a short squeeze. Freedom to frick with the hedge funds is fundamental....I am serious
I don't like what wsb, et al are doing in all of this. But they have every right to enact a short squeeze. Freedom to frick with the hedge funds is fundamental....I am serious
Posted on 1/28/21 at 10:37 am to KiwiHead
No question about it, brokers restricting trading on the stocks is deliberate "Market Manipulation".
Posted on 1/28/21 at 10:38 am to ImaObserver
quote:
brokers restricting trading on the stocks is deliberate "Market Manipulation".
It's not market manipulation if you're doing it for the right reasons.
And by right reasons I mean protecting certain individual's portfolios.
This post was edited on 1/28/21 at 10:39 am
Posted on 1/28/21 at 10:39 am to KiwiHead
quote:
I don't like what wsb, et al are doing in all of this
They didn't do anything but post about a stock with high short interest.
Posted on 1/28/21 at 10:47 am to wutangfinancial
WeBull now posting restrictions.. Guess Im moving to Schwabb
Posted on 1/28/21 at 11:27 am to Centinel
quote:
And by right reasons I mean protecting certain individual's portfolios.
I mean no offense. But if you truly believe that brokerages care anything about you or your portfolio, I have some Kansas ocean front property I’ll sell you.
I’ve been trading and investing for roughly four decades. And from those years of experience, good and bad, I can assure you that banks and brokerages primarily care about their own interests - not yours. The very best person to protect my interests is me.
By preventing me from opening certain option positions yesterday they’ve cost me a lot of money today. I don’t need a nanny. If others do, then they have no business trading. And that should have been determined when they filled out their trading authorization forms, not after the fact.
Posted on 1/28/21 at 11:29 am to Jag_Warrior
quote:
Jag_Warrior
Posted on 1/28/21 at 11:29 am to Jag_Warrior
Amc rebounding.
Posted on 1/28/21 at 11:31 am to Jag_Warrior
quote:
If others do, then they have no business trading. And that should have been determined when they filled out their trading authorization forms, not after the fact.
And if hedge funds get themselves into a situation where they can go bankrupt based on naked exposure to a single small cap stock. They should get what they deserve.
Posted on 1/28/21 at 11:48 am to LSURep864
My TD Ameritrade does.
Posted on 1/28/21 at 11:50 am to rocket31
Sue the shite out of them
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