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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
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Old 01-28-2021, 12:24 PM   #6901
Dunerdr Dunerdr is offline
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Originally Posted by KCUnited View Post
Here's some transfer steps I've found for anyone interested

https://robinhood.com/us/en/support/...nhood-account/
Thank you, so theoretically i should transfer all but some bs penny stocks and avoid the 75 dollar fee lol.
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Old 01-28-2021, 12:26 PM   #6902
Fat Elvis Fat Elvis is offline
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Originally Posted by tatorhog View Post
In that sense though, whoever actually owns the equity...do they have say in what happens with it? For the duration that the stock is shorted, can the actual owner do anything with it? Or are they forced to hold until the contract is expired? Are their time limits for when a short has to be executed in?
It isn't an options trade so there is no contract so to speak.
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Old 01-28-2021, 12:27 PM   #6903
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Lot's of restrictions happening across all platforms. New accounts are crawling as buyers seek out a new platform. Fraction trades are all but gone. Resulting in only 40M volume for the day. Cashapp is still letting you buy AMC.

The reverse squeeze via questionable methods.
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Old 01-28-2021, 12:28 PM   #6904
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So Robinhood made out like a bandit on this.
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Old 01-28-2021, 12:29 PM   #6905
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Originally Posted by eDave View Post
Lot's of restrictions happening across all platforms. New accounts are crawling as buyers seek out a platform. Fraction trades are all but gone.
Yep, I tried to open a Schwab account and it wouldn't let me, but TDA would.
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Old 01-28-2021, 12:51 PM   #6906
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I don't think people fully comprehend what actually happened when retail investors weren't allowed to make purchase orders and institutions still had access.
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Old 01-28-2021, 01:10 PM   #6907
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I haven't lost or gained because of the last week of market activity but I'm royally pissed seeing the ****ery robinhood is doing right now.
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Old 01-28-2021, 01:30 PM   #6908
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This is just completely insane. Robinhood is trying to stop its users from buying into an obvious crash and losing everything. Is it overly paternalistic? Yes. But it is definitely in the interests of the retail traders on the app.
But they're also screwing the 50% of their retail investors already holding GME.
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Old 01-28-2021, 01:31 PM   #6909
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The people calling it a pump and dump are way off base. This is not a pump and dump. WSB are buying and holding trying to cause a short squeeze. Look at what happened to VW in 2008. The squeeze has not happened yet. If that happens it will be like something out of a movie. Ever see Trading Places?
When one person does it it's a short squeeze. When a crowd does it it's a pump and dump with a side of short squeeze.
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Old 01-28-2021, 01:39 PM   #6910
suzzer99 suzzer99 is offline
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Old 01-28-2021, 01:58 PM   #6911
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Originally Posted by Fat Elvis View Post
I don't think people fully comprehend what actually happened when retail investors weren't allowed to make purchase orders and institutions still had access.
yep
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Old 01-28-2021, 02:11 PM   #6912
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Robinhood is now selling people's GME shares against their will.

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Old 01-28-2021, 02:13 PM   #6913
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Old 01-28-2021, 02:24 PM   #6914
ReynardMuldrake ReynardMuldrake is offline
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Originally Posted by suzzer99 View Post
When one person does it it's a short squeeze. When a crowd does it it's a pump and dump with a side of short squeeze.
It's both, really. Call it a pump & squeeze.
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Old 01-28-2021, 02:25 PM   #6915
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Robinhood is now selling people's GME shares against their will.
Unreasonable risk to whom? That is suuuuuper shady.
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