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re: Robinhood has turned off buys for GME, NOK, AMC

Posted on 1/28/21 at 8:48 am to
Posted by Oates Mustache
Member since Oct 2011
22324 posts
Posted on 1/28/21 at 8:48 am to
quote:

whats so sad is


What's sad is that they do it in your face an no one has the resolve to fight back. They have the control and want you to know it.
Posted by Smoke7024
Member since Jun 2010
22726 posts
Posted on 1/28/21 at 8:49 am to
Just setup a Webull account. Too bad it's gonna take a couple days. frick Robinhood.
Posted by MrJimBeam
Member since Apr 2009
12438 posts
Posted on 1/28/21 at 8:49 am to
quote:

Agreed. I’m a novice, but I realize holding is the right move as opposed to selling. frick Ken Griffin.



Oh I'm holding my stocks, but just curious as to why I should stay with RH long haul after they decided to cut buys SPECIFICALLY for stocks, but not sell. That is 100 percent market manipulation and should be illegal.
Posted by LSUisKING12
Baton Rouge
Member since Sep 2010
321 posts
Posted on 1/28/21 at 8:49 am to
Anyone having trouble trading with Schwab?
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 1/28/21 at 8:49 am to
Well it’s been said before .... multiple times with high volatility those apps like RH go down

Get an account with a serious reputable broker and hope they hold the line (like Fidelity —- been working great all the while SO FAR)
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/28/21 at 8:50 am to
there are woke sjws under Cubans tweet who are supporting robinhoods decision. disgusting
Posted by FiddleHead
Knoxville, TN
Member since Aug 2011
14776 posts
Posted on 1/28/21 at 8:50 am to
If you guys have the cash app it’s super easy to set up and invest. Just bought NOK
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 1/28/21 at 8:51 am to
So Jack back to save us?
Posted by Napoleon
Kenna
Member since Dec 2007
69350 posts
Posted on 1/28/21 at 8:51 am to
I'm moving my Robin Hood to webull as well. But I have to close out my margins first.
Posted by MrJimBeam
Member since Apr 2009
12438 posts
Posted on 1/28/21 at 8:51 am to
So much shadiness right now that I hope I end up on the right side of it all
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 1/28/21 at 8:51 am to
Yeah frick them for this. Seriously
Posted by MikeHatesPETA
Member since Apr 2017
103 posts
Posted on 1/28/21 at 8:52 am to
quote:

just curious as to why I should stay with RH long haul


Only reason I am with them is they allowed instant trading. As soon as this is over, I'll move everything to e-trade and delete the app
Posted by DabosDynasty
Member since Apr 2017
5179 posts
Posted on 1/28/21 at 8:52 am to
quote:

What's sad is that they do it in your face an no one has the resolve to fight back. They have the control and want you to know it.




I’m a little concerned this crowd is going to figure out a good way to do this is to move their 401ks to cash or cash them out all together. That will actually fight back in a more serious way.
Posted by Napoleon
Kenna
Member since Dec 2007
69350 posts
Posted on 1/28/21 at 8:52 am to
You can transfer, you just can't transfer fractional shares. There are FAQ sections in every app on how to transfer. You will pay a fee. But it's less than the tax would be on the cash out.
Posted by dewster
Chicago
Member since Aug 2006
25441 posts
Posted on 1/28/21 at 8:54 am to
quote:

How is that even legal?



This sure seems like market manipulation to me.
Posted by Oates Mustache
Member since Oct 2011
22324 posts
Posted on 1/28/21 at 8:54 am to
quote:

move their 401ks to cash or cash them out all together.


I've thought about both options recently, but that penalty is hard to swallow.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/28/21 at 8:54 am to
interesting. didn't know that

*wish I knew that yesterday before I left tda
This post was edited on 1/28/21 at 8:55 am
Posted by Napoleon
Kenna
Member since Dec 2007
69350 posts
Posted on 1/28/21 at 8:54 am to
Webull is great. It's just a complicated user face compared to RH. but you can trade until 8pm and start at 6am.

You can transfer from Robin hood too. Just not your crypto.
Posted by Jjdoc
Cali
Member since Mar 2016
53531 posts
Posted on 1/28/21 at 8:55 am to
It's not just with GME, NOK, AMC...

The app and the website is screwed up today. I have been trying to order bear market calls and Bull market puts and I'm getting blank screens.


Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11279 posts
Posted on 1/28/21 at 8:56 am to
What people have to realize is that Citadel is Robinhood's client not their users.
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