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re: So I bought some Gamestop(GME)

Posted on 1/28/21 at 7:16 am to
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 1/28/21 at 7:16 am to
Hedge funds definitely inserted bots into WSB
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/28/21 at 7:17 am to
it worked too

many people thought buying NOK was sticking it to the hedge funds
Posted by barry
Location, Location, Location
Member since Aug 2006
50350 posts
Posted on 1/28/21 at 7:17 am to
quote:

no it doesn't. what in the world


They make money by selling order flow. Who do you think pays to put their orders at the front of the line?
Posted by cgrand
HAMMOND
Member since Oct 2009
38843 posts
Posted on 1/28/21 at 7:17 am to
RH makes its money by collecting payment for order flow.
is it true they took GME off their platform?

that’s some shady shite
Posted by jlovel7
Louisiana
Member since Aug 2014
21340 posts
Posted on 1/28/21 at 7:18 am to
And NOK and AMC
Posted by RemouladeSawce
Uranus
Member since Sep 2008
13958 posts
Posted on 1/28/21 at 7:20 am to
Robinhood is going to regret this day badly
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/28/21 at 7:21 am to
sure but they also have millions of people buying Robinhood gold for options trading and margin amongst other revenue streams

regardless of all that. I truly do not understand this decision. I almost feel like the sec forced their hand here. insane
Posted by slinger1317
Northshore
Member since Sep 2005
5872 posts
Posted on 1/28/21 at 7:21 am to
Float % at 123% this morning. I just got back in at $445
Posted by Random MsState Fan
Member since Jun 2018
1657 posts
Posted on 1/28/21 at 7:22 am to
And BB too- It will only let me sell, not buy.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/28/21 at 7:22 am to
are you joking? wtf
Posted by SCUBAislander
Member since Feb 2007
2796 posts
Posted on 1/28/21 at 7:23 am to
Saw on Reddit that RH is only blocking fractional shares. If you have the money they will let you buy a whole share. Not sure if true
Posted by DiamondDog
Louisiana
Member since Nov 2019
10586 posts
Posted on 1/28/21 at 7:23 am to
quote:

regardless of all that. I truly do not understand this decision. I almost feel like the sec forced their hand here. insane





Goodluck, bud.
Posted by cgrand
HAMMOND
Member since Oct 2009
38843 posts
Posted on 1/28/21 at 7:23 am to
seriously?

this is insane.
i could see suspending trading altogether but this is unprecedented in my experience
Posted by AA7
Birmingham, AL
Member since Nov 2009
26707 posts
Posted on 1/28/21 at 7:24 am to
It won’t even let you click “Buy” on mine
Posted by Ingeniero
Baton Rouge
Member since Dec 2013
18300 posts
Posted on 1/28/21 at 7:25 am to
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/28/21 at 7:26 am to
naa I can't buy it at all.
Posted by someLSUdoosh
Baton Rouge
Member since Oct 2016
882 posts
Posted on 1/28/21 at 7:28 am to
Is it time to ditch Robinhood all together for the more established brokerages?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/28/21 at 7:28 am to
webull will break records for downloads in the app store today
Posted by barry
Location, Location, Location
Member since Aug 2006
50350 posts
Posted on 1/28/21 at 7:32 am to
Not gonna lie, this is a risky move by RH.

I hope they did the math and know which customers they are going to lose
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/28/21 at 7:33 am to
no doubt man. truly is unbelievable. if anything they should be encouraging their user base to buy. it doesn't make sense
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