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Posted on 1/28/21 at 3:59 pm to Pecker
RH just sent out emails to people and claimed that the stopped trades and so forth were in order to comply with SEC requirements relates to deposits and so forth.
Which would make sense if they warned people beforehand and didn’t just limit about 10 specific stocks including ones their parent company was shorting and in a bad way on.
Which would make sense if they warned people beforehand and didn’t just limit about 10 specific stocks including ones their parent company was shorting and in a bad way on.
Posted on 1/28/21 at 4:02 pm to teke184
quote:This shite reeks of SEC violations. It's brazenly transparent at this point
Which would make sense if they warned people beforehand and didn’t just limit about 10 specific stocks including ones their parent company was shorting and in a bad way on.
Posted on 1/28/21 at 4:04 pm to teke184
quote:
Which would make sense if they warned people beforehand and didn’t just limit about 10 specific stocks including ones their parent company was shorting and in a bad way on.
Wait, so you’re saying RH was in on the short business and stood to lose millions and from their own users putting the squeeze on them and driving up the price...... so they force their own users to sell to save their asses?
Posted on 1/28/21 at 4:06 pm to Pecker
The theory being floated is that Citadel and RH thought it would be cheaper to do this and pay the fines than to get destroyed by the shorts tomorrow.
At this point, I think RH is a dead platform and Citadel will likely close down and reopen under another name to stay in front of the law.
At this point, I think RH is a dead platform and Citadel will likely close down and reopen under another name to stay in front of the law.
Posted on 1/28/21 at 4:08 pm to Pecker
quote:
This shite reeks of SEC violations. It's brazenly transparent at this point
I tried to open an account on RH, and their TOS does disclose they can close positions OR accounts if they want, if they are margin accounts. So, like numerous people have pointed out, that is in their TOS.
My question, though, is WHEN do they decide to close out the positions and for how much? Several of the screen shots shown today (if real) indicate positions were closed out by RH at the day's low price.
This is one of those messes that will take more time to sort.
I THINK that the facts stand that Citadel bailed out Melvin, and is ALSO an owner of Robinhood.
That does stink, if true.
This post was edited on 1/28/21 at 4:10 pm
Posted on 1/28/21 at 4:08 pm to BobBoucher
RH is owned / works with Citadel.
Citadel currently owns Melvin Capital, which is one of the firms which heavily shorted GameStop.
When that acquisition is made is murky.
That being said, theory being floated is that Citadel told Robinhood to kill purchases of GameStop and to do so in coordination with Citadel putting new shorts out there to alter their market position and help stave off potential losses.
It would be tinfoil hat shite if not for the other stuff we have seen the past few days.
Citadel currently owns Melvin Capital, which is one of the firms which heavily shorted GameStop.
When that acquisition is made is murky.
That being said, theory being floated is that Citadel told Robinhood to kill purchases of GameStop and to do so in coordination with Citadel putting new shorts out there to alter their market position and help stave off potential losses.
It would be tinfoil hat shite if not for the other stuff we have seen the past few days.
Posted on 1/28/21 at 4:14 pm to Pecker
Imagine tanking a trading platform to save your parent company. How much were they in the hole?
Posted on 1/28/21 at 4:15 pm to BiteMe2020
quote:
if they are margin accounts.
According to some, they’re closing out some non-margin positions.
Posted on 1/28/21 at 4:16 pm to teke184
quote:
and to do so in coordination with Citadel putting new shorts out there to alter their market position and help stave off potential losses.
What role does RH forcing sells have on the new shorts being placed? Is it intended to drive price back down so the new shorts are viable?
This post was edited on 1/28/21 at 4:17 pm
Posted on 1/28/21 at 4:17 pm to notsince98
quote:
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.
if that's true, then Biden did more in 7 days in office to be impeached than Trump did in 4 years.
Posted on 1/28/21 at 4:19 pm to boosiebadazz
quote:
Jen is married to a fat douche nammed Greg Melcher but maybe it’s her brother?
Don't know yet but thinking they may be related.
ETA: This may not be him. Anyone have a Linkedin account to check? He previously worked at Magnetar.
This post was edited on 1/28/21 at 4:25 pm
Posted on 1/28/21 at 4:20 pm to HailHailtoMichigan!
This is a new strategy point for the left; dont like something? Shut it tf down by cutting off its access to the web.
Posted on 1/28/21 at 4:21 pm to BobBoucher
If the sales all take place at once, it drives the share price down significantly and affects Citadel’s short positions IIRC.
My guess is that shorting a stock currently at 180 is a lot fricking cheaper / less risky than shorting a stock at 380.
My guess is that shorting a stock currently at 180 is a lot fricking cheaper / less risky than shorting a stock at 380.
Posted on 1/28/21 at 4:21 pm to Ailsa
quote:
Don't know yet but thinking they may be related.
Posted on 1/28/21 at 4:21 pm to Ailsa
Not her brother.
There’s only one Jeffrey Psaki in the US. So whoever that is in the picture is likely the same guy at Citadel.
There’s only one Jeffrey Psaki in the US. So whoever that is in the picture is likely the same guy at Citadel.
This post was edited on 1/28/21 at 4:45 pm
Posted on 1/28/21 at 4:22 pm to the808bass
quote:
According to some, they’re closing out some non-margin positions.
That will be interesting to see - of course, under Pedo Joe, no investigation will be done.
Given the conflict of interest, there's definitely a problem here that needs to be looked into.
In my experience, the "Chinese Wall" that is supposed to separate investors and brokers is only about ankle high.
This post was edited on 1/28/21 at 4:23 pm
Posted on 1/28/21 at 4:24 pm to HailHailtoMichigan!
quote:
Robinhood app has reportedly begun to automatically sell shares of $GME for some customers, "for their own good.
That's the basis of Robin hood story, yes? Take from people "for their own good"
Posted on 1/28/21 at 4:29 pm to Bulldogblitz
Apparently Robinhood is also having to hit some major lines of credit in order to keep solvent, per the money board.
Posted on 1/28/21 at 4:30 pm to teke184
quote:
By forcing a sale, it can be argued that RH is both manipulating the total stock price as well as intentionally depressing the amount their investors get for the stock by determining when to make the trades.
Exactly. RobinHood is fricked
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