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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 01-28-2021, 05:36 PM   #6931
ChiliConCarnage ChiliConCarnage is offline
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Quote:
Originally Posted by KCUnited View Post
Even if their TOS negate any potential lawsuits it feels like brand suicide. Seems other platforms halted buying temporary or set limitations but RH went all in. Add in the known connection to some of the players in this and they're taking the heat.
Robinhoods exposure is probably wildly higher. Most of the capital at places like Schwab or Fidelity is probably in fairly safe retirement accounts. Sure, they have active trading accounts and some subset of that group was probably in these trades.

Also, from what I know, Robinhood makes it's money off getting people to trade and selling margin so they've gone out of their way to encourage some of this behavior. I'd be shocked if their subset of traders in these trades wasn't quite a bit larger.

I didn't see any "Vanguard cuts off trading of GME" headlines the last few days but they've went out of their way to sculpt a more buy and hold investor mentality.
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Old 01-28-2021, 05:55 PM   #6932
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This is insane. RH can go suck a fat one.
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Old 01-28-2021, 06:48 PM   #6933
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by Rain Man View Post
On a much more minor note, I've got an account at Schwab. I opened it online and have never spoken to a human being, which is how I want it.

Except once.

Years after I opened the account, I got a call out of the blue from someone I'd never heard of. He said, "I'm your broker at Schwab, and I'm going through your account. I see you've got XXX shares of this stock and YYY shares of that stock, and I'm wondering if perhaps we should move some to ZZZ mutual fund where I get paid a commission." (Well, he didn't say that last part, but it was obvious.)

I took the phone away from my ear and looked at it in confusion before putting it back. "Who are you?"

"I'm your broker and I just wanted to talk about ..."

He was clearly in my account because he knew what my holdings were. It was some dude who worked there. I sent him packing, and then I started getting his "personal Schwab newsletter", which went straight to my junk folder.

I have no idea why they suddenly assigned this guy to me, and I did not welcome his presence. Now I know that some dude that I've never met occasionally looks in my stock account, and I've considered moving away from Schwab as a result.
THAT would bother me A LOT. I'd shut that account down if it were me.
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Old 01-28-2021, 08:24 PM   #6934
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by Discuss Thrower View Post
No it's pretty clear from mainstream news coverage that this isn't Robinhood looking out for their users' interest. They're covering for the hedge funds who are getting BTFO by a bunch of barbarians instead of their Ivy-league educated, big moneyed competitors.


This made me laugh. But also a bad look for RH.



Quote:
Originally Posted by DaFace View Post
Whether they should be in the role of protecting people is subject to debate, but this is insanely risky to anyone buying in right now.

One month from now, GME will likely be worth $20. If you're buying now, you're betting that you can time it right and not lose your ass before then, and people have never been able to time the market.
RH didn’t give a flying **** when the same jackasses were YOLOing their whole portfolio on Tesla calls. This isn’t about risk to the investor.
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Old 01-28-2021, 09:04 PM   #6935
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Anyone have a way to get around the $75 Robinhood account transfer fee?
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Old 01-28-2021, 09:12 PM   #6936
MagicHef MagicHef is offline
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Quote:
Originally Posted by FD View Post
A few hedge funds with big short positions will lose, but most of the short squeeze is being pushed by other hedge funds. They are just using the redditors as cover. There isn't enough money on WSB to execute this big of a trade, it is mostly coming from some different hedge funds that are making out like bandits while the vast majority of the redditors are getting in late and will be left holding the bag.
Quote:
Originally Posted by Ninerfan11 View Post
Anyone have a way to get around the $75 Robinhood account transfer fee?
Sell, transfer money, buy. But don't sell any GME you may have, as there is some chance you won't be able to buy again. Realistically you'll have two accounts on two brokerages for awhile.
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Old 01-28-2021, 09:20 PM   #6937
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This is the beginning of the end of the bull market.

Seen this silly shit too many times before a crash.

I'm betting 20-25% drop very soon.
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Old 01-28-2021, 09:38 PM   #6938
Halfcan Halfcan is offline
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Originally Posted by scho63 View Post
This is the beginning of the end of the bull market.

Seen this silly shit too many times before a crash.

I'm betting 20-25% drop very soon.
Investments in financially powerful companies will be just fine.

Gamblers will lose, investors will win.
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Old 01-28-2021, 10:13 PM   #6939
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Alright, so last month I had Doge at $.005 and 28K coins then sold.

Bought back today with $200 and am up $450+.

Pray for me.
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Old 01-28-2021, 10:35 PM   #6940
ReynardMuldrake ReynardMuldrake is offline
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Looks like Robinhood is allowing GME buy orders again?
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Old 01-28-2021, 10:39 PM   #6941
Ninerfan11 Ninerfan11 is offline
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Sell, transfer money, buy. But don't sell any GME you may have, as there is some chance you won't be able to buy again. Realistically you'll have two accounts on two brokerages for awhile.
If i sell I'll have to pay crazy taxes, trying to avoid giving RH my money
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Old 01-28-2021, 10:49 PM   #6942
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Originally Posted by ReynardMuldrake View Post
Looks like Robinhood is allowing GME buy orders again?
Limited Throttled.

To ninerfan; I hear Fidelity is covering the Robinhood transfer fee of $75.
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Old 01-28-2021, 10:57 PM   #6943
Hog's Gone Fishin Hog's Gone Fishin is offline
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Originally Posted by scho63 View Post
This is the beginning of the end of the bull market.

Seen this silly shit too many times before a crash.

I'm betting 20-25% drop very soon.
Chris Sain just said same thing but 10-15% correction. Buying opportunity coming. Get dry powder ready to pounce when it happens.
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Old 01-28-2021, 11:03 PM   #6944
ChiliConCarnage ChiliConCarnage is offline
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Quote:
Originally Posted by eDave View Post
Limited Throttled.

To ninerfan; I hear Fidelity is covering the Robinhood transfer fee of $75.
Most brokers will credit you the fee. At least once

Generally, you can get bonuses for moving your money around.
https://www.bankrate.com/investing/b...count-bonuses/
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Old 01-28-2021, 11:05 PM   #6945
philfree philfree is online now
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As long as interest is next to zero the market won't be down long. What are you going to do? Buy a CD for .5% or less?
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