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Robinhood Has Restricted Users From Buying GME, AMC, BB, NAKD, and NOK Stocks.
- Thread starter Lucky Aces
- Start date
Uh, Neoliberals are the first to see what the problem here is of companies manipulating the market lolwow from AOC to Trump, thats a broad coalition right there.
Meanwhile Neo-liberals
we're not talking shorting in general. We are talking shorting in the context of this GME stock. 138% IS market manipulation on its face because you're literally shorting shares that don't exist to artificially lower the price of the stock.
I can't believe I'm seeing that. All Apps and groups restricting trading are going to get fucked.
Oof, went with Robinhood last night to buy some NAKD and AMC, woke up this morning, my NAKD buys when through, but the AMC was cancelled. Though NAKD is currently down, oh well.
Hell yeah! We going to break even boys! The best way to break.
just a boogieman at this point.
pretty sure true free market capitalists wouldn't want to promote the actions of robinhood.
What I'm seeing is most of these brokerages use Citadel for transactions processing, Citadel owns Melvin, a hedge up to its eyeballs in GME shorts.
I think Melvin is more likely to go to GameStop and ask them to issue more stock and sell to them rather than cover these with the market rn. ( I don't think that's gonna happen, just saying they'll be crafty)
i was just copy pasting something I saw on reddit.
Are those US companies? I can add it
He's right. The cons (and quite a few libs) would rather light themselves on fire than give people a lousy $2,000 stimulus as we approach a year of millions being unable to work or survive due to a global pandemic. The USA is NOT a normal country. I can't emphasize this enough. Americans are getting absolutely railed compared to citizens of most other wealthy nations.
Even then I don't think it necessarily fits. Just because it has an effect, perhaps even a predictable one, does not then automatically mean that the purpose of the position was to induce others into selling. Maybe the shorts just think it's going to massively tank. That it's with stocks which don't exist is kinda besides the point; if such a thing was so clearly inherently illegal that layfolk could spot it (as least me; I'm not a lawyer but you might be?) it just wouldn't be possible in the first place to short that much. What's more, who would get on the hook for that? I don't think that 138% was all one company.
I am not sure why people are being obtuse or trying to obfuscate language that is literally clear in what the def of shorting stock and market manipulations entails. Shorting is a specific mechanism for lowering price of a stock, to influence other investors to make a choice on the new price thus driving price down further and tanking a business. The person profiting is the person shorting. The defense of it is literally wallstreet spaghetti logic in action.
The fact that all these fucking retail investment firms stopped allowing you to buy the stocks should say enough. It only constitutes manipulation to the feds when people they don't like (in this case lower class and middle class) get the upper hand against their friends.
The fact that all these fucking retail investment firms stopped allowing you to buy the stocks should say enough. It only constitutes manipulation to the feds when people they don't like (in this case lower class and middle class) get the upper hand against their friends.
no it was several companies all with business ties to each other.
Sold my NAKD yesterday at $1.10, was beating myself up for selling to early, after today I'm happy I was able to sell yesterday.
Hedge funds tilt. This feels shitty as hell. People buying on an upswing and they are forcing
Why would anyone trust them after this?
Yeah I'm not sure how anyone is surprised. The rules are bent for them. I wouldn't be surprised if everyone buying these stocks gets their investments nullified.
I believe if you take money out of your Roth IRA incurs some penalties.
Libertarians: "This is how you're supposed to fuck over the rich in a free market economy, use the rules of the free market against them!"
Socialists: "This is the people reclaiming the wealth wrongfully stolen from them!"
Everyone else: "WOOT, MONEY! FUCK THE HEDGEFUNDS!"
Shorting is not inherently designed to influence others, regardless of it's scope. It is not a mechanism for lowering the price of a stock, or else everyone would do it and massively shorted stocks like Tesla wouldn't have had the growth we've seen (for instance). It's a position that it will lower; not a mechanism in and of itself to make that happen.
Business ties? Who made up that 138%? We know Melvin did; what % did they have? Point72 bailed them out, but Point72 has a long position.
I don't think he means actually withdrawing it. Just selling some fund or stock he has to get $100 in the fund to buy something with.
And even then you are allowed to withdraw all your contributions from you Roth IRA.
You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free.
So what should someone interested in kicking a couple hundred in expendable money around do? Find somewhere to buy gme still? Helping to screw over hedge funds would be nice, mostly interested in getting a feel for how it works and getting set up while something interesting is happening.
You can sell pretty much everywhere. They want you to sell, it's just overloaded servers and things stopping that
Maybe that revolution will actually happen this year
No they restricted meme stocks as well. Don't support them.
fuck robinhood webull etc
USA - ETRADE, FIDELITY, TDAMERITRADE, VANGUARD, CHASE
CANADA - TD, WEALTHSIMPLE
UK - FREETRADE PLUS, INTERACTIVE BROKER, DEGIRO
NORDICS - NORDNET
It has triggered circuit breaker a few times today. That's probably when it was unavailable to trade. I've done a few trades today no issues.
I guess this is what i was thinking about:
Don't know if that applies to this person or not
