I wish it was that simple, Ally Invest has blocked it too. Unbelievable.
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Biden moving at record speed; Unity incoming
It's impressive it's still rebounding even though basically every retail investor is unable to buy in. If RH or another brokerage opens it back up it will get really crazy.
A TOS doesn't make them legally in the clear. They could've wrote in that they own your first born now if they wanted.
This whole ordeal is going to end with one app having the gumption to not fuck their customer base and whoever seizes that opportunity is going to attain cult-like fame on WSB.
How to unite a divided team: Find a common enemy.I can't say that this isn't beautiful.
I guess they figure if they are all in on it, you really don't have an easy option to move somewhere else.
Ted Cruz quote retweeting AOC in agreement is something else.I can't say that this isn't beautiful.
This has to be the weirdest team up ever. Could this be the unity Biden spoke about?!I can't say that this isn't beautiful.
Up to ~$240 now.
So they stopped trading after the stock had gone down a lot? Stoping trades before the market opened sucked, but at least then there wasnt a big drop yet. Stopping new trades after the drop has happened naturally makes it harder for the stock price to go up again, and that really sucks :\
That makes sense, but doesnt most of these trading platforms require payment upfront for people to do the trading? So if customer lose big, the trading platform (e.g RH) already have that money.
So they stopped trading after the stock had gone down a lot? Stoping trades before the market opened sucked, but at least then there wasnt a big drop yet. Stopping new trades after the drop has happened naturally makes it harder for the stock price to go up again, and that really sucks :\
There' s no rational reason for them to own your first born. There is plenty of valid reason for them to be able to restrict stock purchases.
2021 crazier than 2020.I can't say that this isn't beautiful.
I can't say that this isn't beautiful.
money. the eternal peacemaker.
when after hour open this will blow up when people from other countries have no restriction. Remember that if you hold shorts can't cover regardless so don't sell if you don't have to.
*edit* if you don't understand why the price tanked, read this. It's an all out attack, a hail marry, by hedge funds.
*edit* if you don't understand why the price tanked, read this. It's an all out attack, a hail marry, by hedge funds.
I can't say that this isn't beautiful.
The infinity stones have been collected
That's not what I meant. Way to miss the point. I meant the back and forth selling between hedge funds to trick algorthims. Sounds pretty sketchy to me.
Regarding your point: I get that but abusing your own ToS in this case is market manipulation, nothing else.
The pure volume of people watching as the system is overtly rigged in real time is going to be more damaging to them than letting a few hedge funds go bankrupt (and then get quietly bailed out).
I can't say that this isn't beautiful.
What if the hell is even going on anymore?
Yeah if your list of common enemies is this varied, you've fucked up in a catastrophic way.I can't say that this isn't beautiful.
They should explain why they allowed stock purchases until today.They must had made crazy money when they were selling millions and millions of orders and seemingly the risk was there as it's now.
Turns out the thing that would bring unity to this country is...I can't say that this isn't beautiful.
*checks notes*
...GameStop Stock
It says that they can restrict trading on anything at their choice.
RH is looking at its potential losses here and I assume they are staggering as most of the people with the highest risk have the lowest ability to pay.
People loved trading on RH because they had almost no risk management procedures. I mean you can literally pay to get access to the riskiest strats.
Anyone remember the RH infinite leverage setup?
https://banyanhill.com/robinhood-infinite-leverage-money-cheat-code/
Any real brokerage would never have allowed this to exist.
I can't say that this isn't beautiful.
You know what is the crazy thing. Its not the first time these guys agree with AoC. Its weird but it has happened a few times before
A lot of the shorts would have had to close today or tomorrow. It is blatant market manipulation.
Yes, it's likely IMO that the Cohen announcement caused HFs to look at Gamestop stock again and go, "Wait... its short % is WHAT?" and once the stock price went past a certain point realized that it was time to eat Melvin and crew alive for lunch.
We can see from the way the stock is rising again that this is indeed mostly professional investors. Early they saw the stock was lowering but they knew what was up and were just waiting for the stock to bottom out before buying again. If this was driven by more casual investors the stock would likely still be snowballing, but we can see that most of the people investing ATM are likely just waiting for the squeeze to happen.
That is wonderful to see.I can't say that this isn't beautiful.
True, they have the right to do it when it comes to the T&C that users agree to. But is manipulating a stock price by broadly restricting volume okay for them to do legally? I think that's a different question outside the scope of the T&C. (I don't have anywhere near the kind of financial or legal knowledge to know, personally.)
THESE are the times that try men's souls. The summer trader and the sunshine yolo'er will, in this crisis, shrink from the service of their country; but he that stands it now, deserves the love and thanks of man and woman. Wall Street, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value. Heaven knows how to put a proper price upon its goods; and it would be strange indeed if so celestial an article as TENDIES should not be highly rated.
People Are Accusing Robinhood Of Stealing From The Poor To Give To The Rich After It Limited Trading On Gamestop Shares
The online brokerage app was criticized for blocking purchases for certain stocks.
www.buzzfeednews.com
Dat headline.
no need to get sassy with me, young man (or woman). I misunderstood the point you were making, no biggie.
It happens all the time, at many different brokers. This is not new.
