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re: Old Row is all over this Robinhood stuff
Posted on 1/28/21 at 2:54 pm to RogerTheShrubber
Posted on 1/28/21 at 2:54 pm to RogerTheShrubber
quote:
Then she turned into her proggy self and acted like a fricking idiot.
But I would still HI.
1
Posted on 1/28/21 at 2:56 pm to 777Tiger
quote:
must be a Broadmoor thing, go to Sherwood Forest and see what you can find out
Posted on 1/28/21 at 2:56 pm to RogerTheShrubber
quote:
I saw where Ted Cruz agreed with something AOC said.
Then she turned into her proggy self and acted like a fricking idiot.
There is no way she actually understands what happened.
Posted on 1/28/21 at 2:58 pm to Demshoes
quote:
Can someone explain the Robinhood stuff to me like I'm a dimwit?
TL;DR techniques that Wall Street funds and super wealthy investors have been using forever to manipulate the markets in their favor, think "cornering the gold market" to make the price go up, was used by day traders who conspired together on the wallstreetbets reddit message board.
But, not only did they make Game Stop go from like $20 to $350, they in part targeted the stock because there were hedge funds that were short selling the stock (betting it would go down in price) that got majorly fricked by this. One hedge fund reportedly had to get a $3 Billion cash infusion to stay afloat after covering the losses.
So now Wall Street is mad at these uppity message board day traders.
This post was edited on 1/28/21 at 2:59 pm
Posted on 1/28/21 at 2:59 pm to Jim Rockford
Just remember, Robinhood didn’t steal from the rich and give to the poor. He took back what was his from the government.
But you have to wonder how many Robinhooders thought halcyon days were here now that the bad orange man was gone.
But you have to wonder how many Robinhooders thought halcyon days were here now that the bad orange man was gone.
Posted on 1/28/21 at 3:03 pm to boxcarbarney
I love how we all have true "unity" over something for once. Frick the Wall Street tools
Posted on 1/28/21 at 3:06 pm to TigerTatorTots
quote:
Most of the WSB traders are on Robinhood buying GME
The hedge fund getting crushed right (Melvin Capital) now was bailed out by Citadel, another hedge fund
Melvin continues to get absolutely crushed with the buying of GME
Citadel also pays Robinhood something like 50% of its annual revenue to get exclusive access to RH users books orders to front run the trades
Citadel being exposed for billions through Melvin, and having control of RH's revenue stream, makes a call to RH to shut down all purchasing of the squeeze stocks, only allowing people to sell
Oh by the way, those shares being sold are only able to be bought by the hedge funds to cover the shorts in an attempt to escape the position they are in
ROBINHOOD IS ASSHOE
add to the fact that RH apparently started selling shares at the lowest point in the last 24 hours of us plebes without asking. there's a screenshot of where somebody had a notification that RH sold 4500 shares at $110 without the consent of the user.
Posted on 1/28/21 at 3:06 pm to Jim Rockford
Posted on 1/28/21 at 3:14 pm to OweO
quote:
But I would still HI
I dont think shes picky, but she might require a consent form.
Posted on 1/28/21 at 3:25 pm to Antonio Moss
quote:
There is no way she actually understands what happened.
Of course. She has the intelligence of an Oreo.....I mean Oweo.
Posted on 1/28/21 at 3:29 pm to Jim Rockford
quote:
When fratstars start retweeting AOC
Shortly after AOC tweeted something reasonable, she accused Ted Cruz of trying to have her murdered.
So she's still not stable. This is a "broken clock is right twice a day" situation.
Posted on 1/28/21 at 3:32 pm to Jim Rockford
Well, Barstool owns Old Row and Dave Portnoy is probably the number one voice on this thing.
He is calling for the CEO of Robinhood to put in prison.
They've been in a Twitter duel.
He is calling for the CEO of Robinhood to put in prison.
They've been in a Twitter duel.
Posted on 1/28/21 at 3:41 pm to TigerinATL
quote:
One hedge fund reportedly had to get a $3 Billion cash infusion to stay afloat after covering the losses.
Like Mortimer and Randolph Duke. Got it. And thanks to all for the responses/explanations.
Posted on 1/28/21 at 3:45 pm to 3nOut
This whole thing proves that people would rather take their chances with lawsuits and criminal charges than lose 10 billion dollars. It's that simple.
Posted on 1/28/21 at 3:56 pm to 3nOut
quote:
add to the fact that RH apparently started selling shares at the lowest point in the last 24 hours of us plebes without asking. there's a screenshot of where somebody had a notification that RH sold 4500 shares at $110 without the consent of the user.
Imagine having 4500 shares of a stock that was $400 within the past 24 hours and your trading platform coordinates with a billion dollar hedge fund to crash the price down to $100 and then force sell your stocks for you at that price. What was worth $1,800,000 was force sold for $450,000 because you aren’t allowed to bet against the hedge fund.
Posted on 1/28/21 at 3:59 pm to Jim Rockford
quote:
When fratstars start retweeting AOC the end of days surely must be near.
Oh everyone regardless of political ideology should be pissed about this.This is some straight up ridiculous frickery that can't be defended.
Posted on 1/28/21 at 4:00 pm to Jack Bauers HnK
If WSB doesn't take down these shysters directly, the class actions might.
Posted on 1/28/21 at 4:02 pm to Jack Bauers HnK
quote:
Imagine having 4500 shares of a stock that was $400 within the past 24 hours and your trading platform coordinates with a billion dollar hedge fund to crash the price down to $100 and then force sell your stocks for you at that price. What was worth $1,800,000 was force sold for $450,000 because you aren’t allowed to bet against the hedge fund.
Nothing about RobinHood’s past should’ve inspired confidence for a situation like this.
Get what you pay for, pay for what you get.
Posted on 1/28/21 at 4:05 pm to 3nOut
quote:
there's a screenshot of where somebody had a notification that RH sold 4500 shares at $110 without the consent of the user.
Posted on 1/28/21 at 4:12 pm to boxcarbarney
Shiddddd let that happen to me.
Someone going to Jail....
And then I’ll sue the Fuk outta them
Someone going to Jail....
And then I’ll sue the Fuk outta them
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