Talking Stocks 2.0

[huncho]

Originally Posted by jaisonline

This is huge on so many accounts. The suits had a secret meeting and came up w/ this.

RH users with these shares prob feel like a 1980s boxer after a sparring session with Mike Tyson.

they can still sell them but it's still huge regardless because of how easy it is to download robinhood and start buying

[JParm]

So far, looks like the giant foot has quashed the problem with the removal of some of these stocks from their platforms. Big guy wins yet again.

I'm not upset, as I was a buyer of the dip yesterday and it seems (thus far) like the market is slowly moving past the noise. Obviously, we'll see how the rest of the day goes, but it seems to be going in a lot different direction than where it was last night.

[logo]

Sold a bit of my big tech. Great earnings thus far, but they are near all time highs and looking to me like the market isn’t ready to value them much higher currently. Along with the other GME stuff, and the overall plumpness of the market currently. figured it’s a decent time to raise some cash here.

[AshCashEmAll]

Now Ameritrade is down?


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[RyanO]

Originally Posted by jpeezy14@hotmail.com

https://www.cnbc.com/2021/01/28/walm...business-.html

Walmart partners with The Trade Desk for ads; should be huge for TTD. Long here.

Great news. I’m long TTD as well.

I also think the reason we’ve seen some volatility and price pressure on good names is that these hedge funds are selling what they can to cover. At least relieved to see some of the bloodbath let up thus far today.


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[logo]

Originally Posted by RyanO

Great news. I’m long TTD as well.

I also think the reason we’ve seen some volatility and price pressure on good names is that these hedge funds are selling what they can to cover. At least relieved to see some of the bloodbath let up thus far today.


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I’m worried it’s a transient bounce - I could be wrong. Several of the WSB traders have been blocked from purchasing shares and options on equities like GME, BB, AMC etc.; however, they are allowed to execute sell orders. This is flooding the market with a sell imbalance in these names. Probably done to allow funds to cover at lower prices. I’d suspect this is not the end of this saga.

[BBL]

Originally Posted by BBL

.
Is there anyone on this thread trading on Robinhood?

Thanks,
DM

Originally Posted by bimmer nerd

I use TD Ameritrade, Vanguard and Robinhood. How can I help?

Thank you.

Looks like people not very happy with RH for changing rules "restricting" trades today on select stocks.



https://twitter.com/RobinhoodApp/sta...05613566410756

[AshCashEmAll]

I got destroyed holding amc.


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[RyanO]

Originally Posted by logo

I’m worried it’s a transient bounce - I could be wrong. Several of the WSB traders have been blocked from purchasing shares and options on equities like GME, BB, AMC etc.; however, they are allowed to execute sell orders. This is flooding the market with a sell imbalance in these names. Probably done to allow funds to cover at lower prices. I’d suspect this is not the end of this saga.

I guess I'm on the other side of this. I think if some of the mania in those positions calms down, we may see the forced selling in the broader market settle down. We'll see I guess, but either way, would be nice to just have a slow steady rise the way things used to be!

[huncho]

Originally Posted by BBL

Thank you.

Looks like people not very happy with RH for changing rules "restricting" trades today on select stocks.



https://twitter.com/RobinhoodApp/sta...05613566410756

the best part about this is they let anyone trade naked options with no experience/account requirements (and on margin) that can lead to bankruptcy but suddenly this is too volatile to be traded

[tudorbaja27]

Originally Posted by huncho

the best part about this is they let anyone trade naked options with no experience/account requirements (and on margin) that can lead to bankruptcy but suddenly this is too volatile to be traded

[-dustin]

Originally Posted by huncho

the best part about this is they let anyone trade naked options with no experience/account requirements (and on margin) that can lead to bankruptcy but suddenly this is too volatile to be traded

really do kind of wonder what the impact will be on Robinhood. seems like a lot of their users might be the same folks getting pissed off on WSB.

[asloper6001]

Originally Posted by RyanO

I guess I'm on the other side of this. I think if some of the mania in those positions calms down, we may see the forced selling in the broader market settle down. We'll see I guess, but either way, would be nice to just have a slow steady rise the way things used to be!

Things will calm down, but the overall confidence in the market is shot from a retail perspective. From young to old investors what you see happening can happen at any moment.

Just take the whole WSB out of the picture and imagine this just happened for another reason. The big players can shut down everything and you could be left holding all the bags while their HFT machines win. We always knew this, but the stain this will leave on the broad market will take more than a couple months to cool it down. People have their whole lives tied up in this living breathing supposedly free market.

[JParm]

Great bounce today, though to echo Logo's comment - is it a dead cat bounce or do we continue up from here?

I bought some TSLA calls this am and might run with the profit to take the wait and see approach.

[BBL]

Originally Posted by huncho

the best part about this is they let anyone trade naked options with no experience/account requirements (and on margin) that can lead to bankruptcy but suddenly this is too volatile to be traded

Livid traders baling out RH ......

D. P*rtnoy declaring consequences.

[asloper6001]

Originally Posted by huncho

the best part about this is they let anyone trade naked options with no experience/account requirements (and on margin) that can lead to bankruptcy but suddenly this is too volatile to be traded

Yeah I think this led to the platforms having to shut down. Basically GME people trading options didn't have coverage amount in their accounts if a option was exercised especially at these levels. They couldn't let it continue onto the other stocks bc it would break the system. The system definitely needs some fixing up.

[kearez]

Huge for RH, not allowing users to buy more but only sell. Talk about market manipulation for the hedgefunds to buy in way cheaper

[AshCashEmAll]

Just sold out of my fdx 290 April calls and moved it to July for 250. Hope the big boys don’t take that away from me too .


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[huncho]

Originally Posted by -dustin

really do kind of wonder what the impact will be on Robinhood. seems like a lot of their users might be the same folks getting pissed off on WSB.

Originally Posted by BBL

Livid traders baling out RH ......

D. P*rtnoy declaring consequences.

Originally Posted by asloper6001

Yeah I think this led to the platforms having to shut down. Basically GME people trading options didn't have coverage amount in their accounts if a option was exercised especially at these levels. They couldn't let it continue onto the other stocks bc it would break the system. The system definitely needs some fixing up.

Originally Posted by kearez

Huge for RH, not allowing users to buy more but only sell. Talk about market manipulation for the hedgefunds to buy in way cheaper

yeah it's gonna turn into a big deal for them, read that more than half of RH users had gamestop shares. they might have dug their own grave with this

[jaisonline]

Originally Posted by AshCashEmAll

Now Ameritrade is down?


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Yep. At 9:32, the downtime kept me from selling a single GME July 16 / $23 put contract that was $4,575 at the time. Cost me $575 when purchased.
Due to many brokerage trade limitations, I don’t have many buyers for this.

[yoast]

Originally Posted by huncho

the best part about this is they let anyone trade naked options with no experience/account requirements (and on margin) that can lead to bankruptcy but suddenly this is too volatile to be traded

Robinhood executes transactions through Citadel, apparently.

Citadel backed Melvin Capital for $2.75B, which evaporated almost instantly.

This is literal market manipulation by a company that directly works with a party of interest

[JParm]

Reduced some exposure in calls today to get a bit heavier on dry powder. Long positions stay, but want some cash on hand for any more volatility.

[logo]

Originally Posted by jpeezy14@hotmail.com

Reduced some exposure in calls today to get a bit heavier on dry powder. Long positions stay, but want some cash on hand for any more volatility.

I've done the same. I have a few names where I'm up significantly, and I think rather than trimming I may just exchange for a few LEAPS that are like 40-50% deep ITM. Keeps the same effective share count while also raising cash.

[lifestyle.timepieces]

who thinks bitcoin will hit the $100k mark everyones claiming

[JParm]

Originally Posted by logo

I've done the same. I have a few names where I'm up significantly, and I think rather than trimming I may just exchange for a few LEAPS that are like 40-50% deep ITM. Keeps the same effective share count while also raising cash.

Yeah, not a bad strategy.

[huncho]

Originally Posted by jpeezy14@hotmail.com

Reduced some exposure in calls today to get a bit heavier on dry powder. Long positions stay, but want some cash on hand for any more volatility.

good to see some stuff rebounding...i had a feeling apple would drop after earnings but yesterday's whole situation only made it worse. looks like it's climbing its way back up though

[bimmer nerd]

Originally Posted by jpeezy14@hotmail.com

Reduced some exposure in calls today to get a bit heavier on dry powder. Long positions stay, but want some cash on hand for any more volatility.

Same here. Trimmed some positions and initiated another transfer into my Vanguard account just in case.

[asloper6001]

Originally Posted by yoast

Robinhood executes transactions through Citadel, apparently.

Citadel backed Melvin Capital for $2.75B, which evaporated almost instantly.

This is literal market manipulation by a company that directly works with a party of interest

Yea I read this but didn't know if true. "IF true" It shows the deep ties that hedge funds have in the market. They know if they go down we will have to bail them out again. It's pretty sick we never learned from 2008. They create these backdoor schemes and think they can go on forever milking people. Now CNBC has to cover for them and blame Reddit.

The real sick part is they were shorting poor companies struggling during COVID. Looking to wipe them out. Like Bill Ackman crying on CNBC while shorting the whole market during COVID.

Anyways I digress. Congress will review and deem Reddit as massive little scoundrels and the income gap with further be enriched on this great free democracy state.

[jaisonline]

Originally Posted by asloper6001

Yea I read this but didn't know if true. "IF true" It shows the deep ties that hedge funds have in the market. They know if they go down we will have to bail them out again. It's pretty sick we never learned from 2008. They create these backdoor schemes and think they can go on forever milking people. Now CNBC has to cover for them and blame Reddit.

The real sick part is they were shorting poor companies struggling during COVID. Looking to wipe them out. Like Bill Ackman crying on CNBC while shorting the whole market during COVID.

Anyways I digress. Congress will review and deem Reddit as massive little scoundrels and the income gap with further be enriched on this great free democracy state.

Looks like more folks are reporting on this including the media . See this post.

https://twitter.com/realwillmeade/st...665578496?s=21

https://twitter.com/natbrunell/statu...854264321?s=21

[armybuck041]

Originally Posted by AshCashEmAll

I got destroyed holding amc.


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Same. Vaporized.