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Winter Banter and General Disco 2


dendrite
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Lol!

“We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities,” Robinhood said in a statement.

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8 minutes ago, HIPPYVALLEY said:

Lol!

“We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities,” Robinhood said in a statement.

How does one sell if buying isn't allowed?

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10 minutes ago, HIPPYVALLEY said:

Lol!

“We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities,” Robinhood said in a statement.

Whatever the powers at be are attempting, it's working.  AMC plunging further.  LOL.  Down to 7.40.  

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44 minutes ago, BrianW said:

People are reporting on WSB that Robin Hood is blocking purchases of BB, AMC, GME. Can they actually do that?

I'm locked out on Robinhood - I don't think they can do that.  People on WSB are saying file a complaint with the SEC. 

Lol well I was making money yesterday.....today....nah so much. 

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7 minutes ago, Whineminster said:

I'm locked out on Robinhood - I don't think they can do that.  People on WSB are saying file a complaint with the SEC. 

Lol well I was making money yesterday.....today....nah so much. 

Trust me I get the frustration but....Robinhood and others that offer commission free trades are not doing so out of the goodness of their hearts. They sell your order flow to hedge funds that then front you and make you pay slightly more per share...fractions of a cent that you don’t even notice. The selling of order flow is robinhoods business model- that’s it. So when the hedge funds say jump, robinhood is always going ask how high?
 

It’s like your free checking account at whatever bank you use... that’s really paid for by overdraft fees of primarily lower income people, there’s no free lunch anywhere unfortunately

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1 hour ago, BrianW said:

People are reporting on WSB that Robin Hood is blocking purchases of BB, AMC, GME. Can they actually do that?

Huge class action lawsuit incoming. I had trades for NAKD cancelled.   from Twitter  Robinhood just shorted their own IPO. 

If there's ever a doubt how rigged this market is, theres no greater example than today. 

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4 minutes ago, amarshall said:

Huge class action lawsuit incoming. I had trades for NAKD cancelled.   from Twitter  Robinhood just shorted their own IPO. 

If there's ever a doubt how rigged this market is, theres no greater example than today. 

My Fidelity ap hasnt blocked anything. 

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2 minutes ago, HIPPYVALLEY said:

The SEC is corrupt AF, just ask the precious metals markets.

It’s all a casino. 

funny how it's called "robinhood" like it's for the little guy....when in fact it's not. lol.  

 

29 minutes ago, Supernovice said:

Trust me I get the frustration but....Robinhood and others that offer commission free trades are not doing so out of the goodness of their hearts. They sell your order flow to hedge funds that then front you and make you pay slightly more per share...fractions of a cent that you don’t even notice. The selling of order flow is robinhoods business model- that’s it. So when the hedge funds say jump, robinhood is always going ask how high?
 

It’s like your free checking account at whatever bank you use... that’s really paid for by overdraft fees of primarily lower income people, there’s no free lunch anywhere unfortunately

 

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Just now, HIPPYVALLEY said:

NOK an BB are more long-term holds so I’m not sure why there was so much action this week.

NOK began from a 4$ base and barely even began to run .

KOSS on the other hand 

I wonder how many WSB’s folks who got in early and were screaming to their legion “not so sell” sold and cashed huge checks 

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35 minutes ago, STILL N OF PIKE said:

Robin Hood only letting investors close out their positions in retail stocks . Lol . They are done. A interesting  alliance is against that decision  

https://www.marketwatch.com/story/mark-cuban-dave-portnoy-aoc-and-others-react-to-robinhood-restricting-trades-on-gamestop-and-amc-11611855658?mod=home-page

Robinhood effectively killed their business this morning 

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15 minutes ago, TauntonBlizzard2013 said:

Robinhood effectively killed their business this morning 

Seems they may have . 

But the S.E.C told them to 

Even Ja rule seems upset lol

https://nypost.com/2021/01/28/ja-rule-gamestop-stock-buyers-need-to-hold-the-line/?utm_campaign=applenews&utm_medium=inline&utm_source=applenews

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