SpecAg08 said:

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RH sells user data to hedge funds. WSB is claiming that RH has been pressured to stop buys on GME, AMC, etc.

This is nuts. Surely the SEC will get involved at some point...

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Of course. Its free. That means the people who appear to be the customers are actually the product.

*****ROBINHOOD


Anyone who uses or has money in that app, i IMPLORE you to close out (not GME, hold the line) and delete it. What they (tried) did was as criminal as anything ive ever seen on Wall Street (and that's saying something).

Listen, I can handle losing a fair wager...but THIS IS NOT FAIR. They are manipulating investors to protect the wealthy. Robinhood was a fictional hero who was supposed to protect the common people. The outright hypocrisy of this app to attempt to chop the legs from underneath its users is INFURIATING.

Please, delete this app. If not on principle, then do it for your own financial security because nothing is stopping them from halting ANY other stock in your portfolio.

The day Robin Hood became Prince John. Screw em.

And Halt #3

Given that Robinhood is criticized pretty heavily by much of the investment community, it seems like a good marketing ploy for them to ostracize their primary loyal base.

LOL

Ironically, by intervening and not allowing buying GME, RH is actually further motivating and entrenching people to F the suits.

These hedge funds are going to burn. It's actually going to happen. Incredible

M.C. Swag said:

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*****ROBINHOOD


Anyone who uses or has money in that app, i IMPLORE you to close out and delete it. What they (tried) did was as criminal as anything ive ever seen on Wall Street (and that's saying something).

Listen, I can handle losing a fair wager...but THIS IS NOT FAIR. They are manipulating investors to protect the wealthy. Robinhood was a fictional hero who was supposed to protect the common people. The outright hypocrisy of this app to attempt to chop the legs from underneath its users is INFURIATING.

Please, delete this app. If not on principle, then do it for your own financial security because nothing is stopping them from halting ANY other stock in your portfolio.

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LOL, its always been a lie. Robinhood offers for free a service that costs money...their business is to compile and sell all of the information and trading data that they gather by to big firms to analyze. Their real "customers" are the hedge funds who are holding the shorts.

The casino is kicking people out for playing by the rules but making too much money.

Trying to post a screenshot but having trouble from my phone. Anyone see the "letter to CNBC" from WSB?

$GME, as expected by the degenerates, broke yesterdays resistance and is climbing.
Hopefully today will close with the support around ~$500.

Jerzzy said:

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Trying to post a screenshot but having trouble from my phone. Anyone see the "letter to CNBC" from WSB?

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https://old.reddit.com/r/wallstreetbets/comments/l6omry/an_open_letter_to_melvin_capital_cnbc_boomers_and/

COOL. Thanks for the 'weLl AhKtUalLy"

Tendies is their word for tenbaggers, right?

M.C. Swag said:

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COOL. Thanks for the 'weLl AhKtUalLy"

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You're welcome!

Champ Bailey said:

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Tendies is their word for tenbaggers, right?

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. No it means chicken fingers. It's celebration food when you're making dimes

Halt #4 - How many do we get to today?

As many as it takes to make the common man pay.

Reading Reddit WSB is hilarious. It makes all of the Texag'ers look like reasonable sensible people having G rated discussions.

Keeping what I got in GME and after that going back to cash in the mattress. Whether what the monied class has done is legal or not, this is the clearest example of the rich rigging the game so only they can benefit. Time to finish student loans and then check the f*** out of this economy.

Brad06ag said:

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Halt #4 - How many do we get to today?

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Enough until the hedgefunds make their money back. They can't loose.
Zero sum game - If the reddit investors loose, "It's the stock market bruh" (While pushing people who lost everything to the radical ends of the political spectrum), If the hedge funds loose, they get bailed out. Biggest looser is the (non-investing) average taxpayer. Biggest winner is the government and the investment funds.

Wrighty said:

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Reading Reddit WSB is hilarious. It makes all of the Texag'ers look like reasonable sensible people having G rated discussions.

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Reddit has always been the dumpster of the internet.

tendies aka making big gains, called tendies cause the stereotype goes that most WSB******s are living in their moms basement. Tendies is a reference to them being amateur kids

It's basically been the frontline of the internet for at least the last five years which basically requires it to be the dumpster. Discord is coming for that spot though.

My NOK order I placed last night just went through on Robinhood. Ready for blast off!

Head Ninja In Charge said:

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It's basically been the frontline of the internet for at least the last five years which basically requires it to be the dumpster. Discord is coming for that spot though.

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It's been the frontline and hive mind for useless crap, "appreciate me!!!", and one line of thinking.

ConfidentAg said:

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SpecAg08 said:

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RH sells user data to hedge funds. WSB is claiming that RH has been pressured to stop buys on GME, AMC, etc.

This is nuts. Surely the SEC will get involved at some point...

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I don't understand how it's not blatant market manipulation

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Sells user data to HF? Not exactly, it more payment for order flow. If RH cant handle the regulatory market cap and liquidity needs they have to start slowing down. Many firms are limiting actions in the weeklies settling tomorrow in the these names. If you don't like it, find another broker that will take the action order flow.

thepartygoat said:

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There is a big problem in this logic, and it has to do with the effect that call buying had on the price. Friday's call expiration is going to be the event that takes the wind out of this trade IMO.

Imagine the following:

The stock is at $400 per share, and you own $50 calls expiring Friday. You can sell them, exercise them, or roll them. If you sell them, you'll get approximately $350 per contract, and walk with $35,000. If you exercise you'll need to come up with $5,000, have stock worth $40,000, and be the one holding the bag unless you have additional dry powder to keep buying.

On the roll, a $500 strike call on a $400 underlying with 28 DTE and 600 vol would be around $220 per contract or $22,000 for a standard lot with a 60 delta. With your profit you can buy 1.5 contracts the total delta roll would be 90. For every expiring contract in this scenario the option writers would sell 10 shares, and you have no ability to push the price higher without bringing in new capital.

mazag08 said:

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Wrighty said:

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Reading Reddit WSB is hilarious. It makes all of the Texag'ers look like reasonable sensible people having G rated discussions.

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Reddit has always been the dumpster of the internet.

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Im sorry, have you been to F16?

M.C. Swag said:

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mazag08 said:

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Wrighty said:

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Reading Reddit WSB is hilarious. It makes all of the Texag'ers look like reasonable sensible people having G rated discussions.

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Reddit has always been the dumpster of the internet.

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Im sorry, have you been to F16?

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F16 doesn't moderate heavily to suppress one side of the political spectrum, and is made up of likely 95% college educated users from the same geographical region who share commonalities.

Swing and a miss, try again.

If you think F16 is the dumpster, then you haven't actually experienced reddit...

M.C. Swag said:

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mazag08 said:

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Wrighty said:

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Reading Reddit WSB is hilarious. It makes all of the Texag'ers look like reasonable sensible people having G rated discussions.

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Reddit has always been the dumpster of the internet.

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Im sorry, have you been to F16?

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Yeah, no.

F16 doesn't even go down to the middle depths of the dumpster of Reddit.

The bottom is one hell of a place.