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re: RobinHood has begun to automatically sell GME shares of some customers “for own good”

Posted on 1/28/21 at 2:27 pm to
Posted by Nosevens
Member since Apr 2019
14443 posts
Posted on 1/28/21 at 2:27 pm to
Trading on margin sales proceed when loses mount and 3 day limit hits and you don’t settle and trading platform will automatically . Being they sold 4500 shares at 118 I don’t think that was a loss and triggered a automatic sale
Posted by teke184
Zachary, LA
Member since Jan 2007
101682 posts
Posted on 1/28/21 at 2:28 pm to
Round and round she goes, where she stops, nobody knows.


I would think their stock settles down to about the $17 it is valued at, which puts them better off than when the hedge funds were raiding them.

They are no longer in danger of being so low they get delisted but, at the same time, need to fix their business model.
Posted by Geauxld Finger
Baton Rouge
Member since Jan 2005
32249 posts
Posted on 1/28/21 at 2:29 pm to
that dude has $535,185 coming to his account
Posted by blueboy
Member since Apr 2006
60304 posts
Posted on 1/28/21 at 2:29 pm to
I saw that the stock briefly spiked up to 492 a share at about 2 pm before immediately crashing back down to about 225. I wonder what that was all about.
Posted by GATORGAR247
Member since Aug 2017
994 posts
Posted on 1/28/21 at 2:29 pm to
quote:

know I would pull all of my money out.


I haven't used Robinhood in a couple months but I closed my account yesterday.
Posted by teke184
Zachary, LA
Member since Jan 2007
101682 posts
Posted on 1/28/21 at 2:30 pm to
Speculation is that Robinhood frickery combined with that of Citadel caused a short spike then a bottoming out.
Posted by notsince98
KC, MO
Member since Oct 2012
20030 posts
Posted on 1/28/21 at 2:30 pm to
quote:

Eh, this is a weird one though, the majority of these young kids are lefties,


A group that calls themselves retards and autists are not lefties.
Posted by Nosevens
Member since Apr 2019
14443 posts
Posted on 1/28/21 at 2:31 pm to
The people are more alike than the media reports . It’s the media job to drive division and pump disturbing news . If they were honest, people would go to jail for the corrupt crap and people could live in harmony
Posted by notsince98
KC, MO
Member since Oct 2012
20030 posts
Posted on 1/28/21 at 2:32 pm to
quote:

if Biden wants unity between the right and the left, then he orchestrated this beautifully.

shite will hit the fan like nothing we've seen.


Employees at RH and Wubee are claiming WH made calls demanding the platforms stop allowing GME buying.

This conspiracy has gone all the way to the white house now.
Posted by teke184
Zachary, LA
Member since Jan 2007
101682 posts
Posted on 1/28/21 at 2:32 pm to
One week. All it took to bring unity to both sides that the WH and Wall Street have fricked up.
Posted by Ailsa
Member since May 2020
3563 posts
Posted on 1/28/21 at 2:32 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
130113 posts
Posted on 1/28/21 at 2:33 pm to
quote:

Anyone still thing we’re nowhere near civil war?


Yes, but instead of liberals vs conservatives, it's the rich vs the non rich.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 1/28/21 at 2:33 pm to
quote:

A group that calls themselves retards and autists are not lefties.


They actually are pretty liberal/progressive types.

The whole issue with the derogatory names in thinking circles is to cement the fact that getting butt hurt over stupid shite isnt productive.
Posted by notsince98
KC, MO
Member since Oct 2012
20030 posts
Posted on 1/28/21 at 2:33 pm to
quote:

So what happens with GameStop, the company as a whole, from here?


Irrelevant. They are symbolic in this whole thing.
Posted by Big4SALTbro
Member since Jun 2019
20664 posts
Posted on 1/28/21 at 2:34 pm to
Wow RH is going all in
Posted by notsince98
KC, MO
Member since Oct 2012
20030 posts
Posted on 1/28/21 at 2:35 pm to
quote:

I saw that the stock briefly spiked up to 492 a share at about 2 pm before immediately crashing back down to about 225. I wonder what that was all about.


Probably the computers creating another short opportunity only the hedge funds could buy in time.
Posted by Havoc
Member since Nov 2015
34037 posts
Posted on 1/28/21 at 2:37 pm to
quote:

I’m also hearing that Citadel did a new round of shorts today and coordinated that with when Robinhood blocked trades of their shares, which is when the price spiked to about $450 then dropped to $250.

That’s completely insane if true. Unfathomable. Brazen.
Posted by AUX3
Member since Dec 2010
3709 posts
Posted on 1/28/21 at 2:37 pm to
Be funny if Trump was still able to Tweet. I suspect it would be something like...I told you so...
Posted by notsince98
KC, MO
Member since Oct 2012
20030 posts
Posted on 1/28/21 at 2:37 pm to
quote:

They actually are pretty liberal/progressive types.

The whole issue with the derogatory names in thinking circles is to cement the fact that getting butt hurt over stupid shite isnt productive.


Free speech advocates are all classified as racist white supremist nationalists. Not sure where you have been.
Posted by beebefootballfan
Member since Mar 2011
19865 posts
Posted on 1/28/21 at 2:40 pm to
[img]This isn’t right vs left. This is elite vs working class/poor.[/img]

Kind of like in most socialist countries.

Just watch and see if the rumors of the White House calling to stop this from happening are true.

You'll never get the truth from the communist media outlets, but hopefully one dependable media type tells the truth.
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