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Brick
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 7:13 pm 
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chaspoppcap wrote:
here is what it means


Quote:
An update on market conditions



Hi Chales,
It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.
This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.
As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.
To be clear, this decision was not made on the direction of any market maker we route to or other market participants.
The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.
We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.

Thank you again for being a Robinhood customer. We’re so grateful for your support.
Sincerely,
The Robinhood Team





Glad they cleared that up.

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Jaw Breaker
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 7:24 pm 
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"These requirements exist to protect investors and the markets...To be clear, this decision was not made on the direction of any market maker we route to or other market participants."

Trying to decipher that...did the exchange or regulators tell them to do what they did? If so, why? Do they have a bunch of undermargined customers that RH can't cover?

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denisdman
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 7:25 pm 
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It’s margin for sure. Everyone was plowing in on borrowed money.

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WaitingforRuffcorn
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 7:46 pm 
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rogers park bryan wrote:
chaspoppcap wrote:
here is what it means


Quote:
An update on market conditions



Hi Chales,
It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.
This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.
As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.
To be clear, this decision was not made on the direction of any market maker we route to or other market participants.
The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.
We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.

Thank you again for being a Robinhood customer. We’re so grateful for your support.
Sincerely,
The Robinhood Team





Chales?


The fact that they let you have an account using the wrong name might be a reason they are in trouble. (RPB noticed first)

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chaspoppcap
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 8:02 pm 
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I sent them my Id and filled out my shit with my name. They changed it

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GoldenJet
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 8:20 pm 
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Dignified Rube
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 8:21 pm 
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I suspect this is only going to escalate with silver being next to go a lot higher. People are completely fed up with the rigged game against them in the markets and with being forced to use a fiat currency that only devalues because of government money printing. If silver doesn't bust the system, people will next pull their deposits from the banks. Yes, we'll see bank runs.

Although he was kidding, JORR was right when he said this movement is the rise of the Prols.
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Rod
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 8:42 pm 
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Dignified Rube wrote:
I suspect this is only going to escalate with silver being next to go a lot higher. People are completely fed up with the rigged game against them in the markets and with being forced to use a fiat currency that only devalues because of government money printing. If silver doesn't bust the system, people will next pull their deposits from the banks. Yes, we'll see bank runs.

Although he was kidding, JORR was right when he said this movement is the rise of the Prols.



I wasn't kidding.

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Jbi11s
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 8:48 pm 
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GoldenJet wrote:

It’s actually really fucking cool this was his first tweet ever.

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Rod
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 8:50 pm 
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Juice's Lecture Notes
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 8:55 pm 
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Joe Orr Road Rod wrote:

PRIVATE PLATFORM PRIVATE PLATFORM PRIVATE PLATFORM
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WaitingforRuffcorn
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 8:55 pm 
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Joe Orr Road Rod wrote:


We can now see who the fascists are.

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Rod
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 9:03 pm 
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WaitingforRuffcorn wrote:
Joe Orr Road Rod wrote:


We can now see who the fascists are.



TFW you realize that maybe Drumpf wasn't the real problem after all.

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blackhawksfan
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 9:06 pm 
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Read this story. This kid sounds straight up retarded

22-year-old risked parents’ mortgage on GameStop: ‘You only live once’

https://nypost.com/2021/01/28/22-year-o ... live-once/


Last edited by blackhawksfan on Thu Jan 28, 2021 9:09 pm, edited 1 time in total.

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Jbi11s
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 9:08 pm 
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You do understand major media outlets will find the worst of the RH/WSB traders to make the whole movement look bad right?

This is exactly what they did with Occupy Wall Street.

Don’t fall for this bullshit.

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blackhawksfan
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 9:12 pm 
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Jbi11s wrote:
You do understand major media outlets will find the worst of the RH/WSB traders to make the whole movement look bad right?

This is exactly what they did with Occupy Wall Street.

Don’t fall for this bullshit.


I traded stocks when yahoo finance message boards were the big thing. Believe me, there are always a new group of gullible young kids who get taken to the cleaners by these schemes. There will be no revolution. The hedge funds have more money and will win in the end. What did Occupy Wall Street accomplish? Nothing.

Just looking at this realistically. I'd love to be wrong
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Jbi11s
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 9:19 pm 
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You don’t think MANY of these WSB traders have cashed out and won already?

MSM obliterated Occupy Wall Street because Twitter wasn’t as powerful, and cryptos weren’t a thing yet.

Also, no pandemic where the dollar was extremely vulnerable.

These are completely different circumstances.

But yeah, the retail trader will be the one who suffers as a result of this I’m sure.

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storkinastorm
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 9:38 pm 
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Just to be clear, my aim is not at all to make this political. I am sure there are a lot who aren't big fans of Tucker Carlson, but this shows that the populist Left and Right finally have common ground if they choose to take advantage:

https://youtu.be/S0HvhZIyfag
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Jbi11s
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 9:52 pm 
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Walt Williams Neck
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 9:58 pm 
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Joe Orr Road Rod wrote:
WaitingforRuffcorn wrote:
Joe Orr Road Rod wrote:


We can now see who the fascists are.



TFW you realize that maybe Drumpf wasn't the real problem after all.

Image

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IkeSouth
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 10:00 pm 
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blackhawksfan wrote:
Jbi11s wrote:
You do understand major media outlets will find the worst of the RH/WSB traders to make the whole movement look bad right?

This is exactly what they did with Occupy Wall Street.

Don’t fall for this bullshit.


I traded stocks when yahoo finance message boards were the big thing. Believe me, there are always a new group of gullible young kids who get taken to the cleaners by these schemes. There will be no revolution. The hedge funds have more money and will win in the end. What did Occupy Wall Street accomplish? Nothing.

Just looking at this realistically. I'd love to be wrong


well one movement has stolen billions of dollars from wallstreet, the other movement didnt do anything...

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WaitingforRuffcorn
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 10:06 pm 
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Joe Orr Road Rod wrote:
WaitingforRuffcorn wrote:
Joe Orr Road Rod wrote:


We can now see who the fascists are.



TFW you realize that maybe Drumpf wasn't the real problem after all.


Sad thing is Trump would not be pressuring people to shut it down. Only because he hates Wall Street but still.

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IkeSouth
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 10:10 pm 
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chaspoppcap wrote:
here is what it means


Quote:
An update on market conditions



Hi Chales,
It’s been a tough day, and we’re grateful to you for being a Robinhood customer. In light of the extraordinary market conditions this week, we temporarily limited buying for certain securities this morning. Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed.
This was a temporary decision made to best continue serving you, and was not an easy one to make. We know it’s led to frustration and confusion, and wanted to provide some clarity.
As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.
To be clear, this decision was not made on the direction of any market maker we route to or other market participants.
The past year in particular has shown us that the financial markets are for everyone—not just institutional investors and hedge funds. We’ve seen a new generation enter the market, and they’re sparking conversations about what it means to be an investor. We stand in support of you, our customers. Democratizing finance for all means giving more people access, not less.
We’ll keep monitoring market conditions and will update this Help Center article with the latest changes. We also published a blog post regarding today’s events.

Thank you again for being a Robinhood customer. We’re so grateful for your support.
Sincerely,
The Robinhood Team






"US AND THE RICH PEOPLE DIDNT WANT TO LOSE MONEY, SO WE FUCKED YOU THANKS"

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SpiralStairs
 Post subject: Re: GameStop
PostPosted: Thu Jan 28, 2021 10:26 pm 
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Quite the start to 2021.

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IkeSouth
 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 12:14 am 
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no kidding. i tried to buy in at 36 but the funds didnt clear until the next day. it went to like 90 so i said fuck it dont need it. then when it dipped today to 125 i tried to throw 1k on it. the app didnt allow buys. fucking sucks, looks like its already above 350 at open

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Brick
 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 6:42 am 
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Jaw Breaker wrote:
"These requirements exist to protect investors and the markets...To be clear, this decision was not made on the direction of any market maker we route to or other market participants."

Trying to decipher that...did the exchange or regulators tell them to do what they did? If so, why? Do they have a bunch of undermargined customers that RH can't cover?

They had the ability to stop letting you buy on margin. They stopped everyone from buying.

It's the best excuse they can come up with but it seems pretty clear here that the company who provides them 40% of their total revenue, Citadel, called in a favor here.

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Rod
 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 6:55 am 
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denisdman wrote:
It’s margin for sure. Everyone was plowing in on borrowed money.



Yeah, right. All the 22 year olds throwing their hundos in were margined out the ying yang. That's the most absurd thing I've ever heard. Ken Griffin blew in a call to the Bulgarian. The specific denial that that occurred is laughable.

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Rod
 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 6:57 am 
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WaitingforRuffcorn wrote:
Joe Orr Road Rod wrote:
WaitingforRuffcorn wrote:
Joe Orr Road Rod wrote:


We can now see who the fascists are.



TFW you realize that maybe Drumpf wasn't the real problem after all.


Sad thing is Trump would not be pressuring people to shut it down. Only because he hates Wall Street but still.



Trump was pretty hapless when it came to helping The People. But at least he wasn't actively trying to destroy us.

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Rod
 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 6:59 am 
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Brick wrote:
Jaw Breaker wrote:
"These requirements exist to protect investors and the markets...To be clear, this decision was not made on the direction of any market maker we route to or other market participants."

Trying to decipher that...did the exchange or regulators tell them to do what they did? If so, why? Do they have a bunch of undermargined customers that RH can't cover?

They had the ability to stop letting you buy on margin. They stopped everyone from buying.

It's the best excuse they can come up with but it seems pretty clear here that the company who provides them 40% of their total revenue, Citadel, called in a favor here.



Absolutely. It's like Portnoy pointed out, this guy tanked his own company. Why would he do that? That shows you just how powerful Griffin is.

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Brick
 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 7:02 am 
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Joe Orr Road Rod wrote:
denisdman wrote:
It’s margin for sure. Everyone was plowing in on borrowed money.



Yeah, right. All the 22 year olds throwing their hundos in were margined out the ying yang. That's the most absurd thing I've ever heard. Ken Griffin blew in a call to the Bulgarian. The specific denial that that occurred is laughable.

:lol:

Robinhood: Here, you can buy stocks with money you don't have.
*People buy too much of one stock*
Also Robinhood: No one can buy stocks with money you actually have.

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