Share Picks 2021 - Thread banned users post #1

VinLieger · 28-01-2021 01:09PM

dan786 wrote: »

Robinhood also banned buying of GME, this is one of the most used apps in US.

Fvck that makes the usual rebuy basically not possible after the dip, too many apps colluding in this manipulation

Kamu · 28-01-2021 01:16PM

dan786 wrote: »

Robinhood also banned buying of GME, this is one of the most used apps in US.

That's huge, I imagine GME will drop heavily now.

JeffKenna · 28-01-2021 01:16PM

Kamu wrote: »

That's huge, I imagine GME will drop heavily now.

That could be a game changer alright

Bodjhrjekekr · 28-01-2021 01:20PM

have they confirmed if selling is even possible? would make more legal sense if it was a halt

TimeToShine · 28-01-2021 01:21PM

We might see that retail contingent filter through to AMC, NOK etc. All that pent up demand has to go somewhere.

drunkmonkey · 28-01-2021 01:21PM

How can they ban buying a stock, it's redicilolous what's happening in the states across all tech.

28-01-2021 01:24PM

AMC down 20% pre market
GME up 33% pre market

neris · 28-01-2021 01:24PM

Bodjhrjekekr wrote: »

have they confirmed if selling is even possible? would make more legal sense if it was a halt

looks like you can close your position

Shedite27 · 28-01-2021 01:25PM

If Robinhood bans buying, then by default it bans selling too (as nobody can buy on Robinhood). Is Robinhood really gonna let their customers have no access to sell their shares while TD Ameritrade etc allow theirs to sell, thus reducing the price to double figures? That surely couldn't happen

VinLieger · 28-01-2021 01:25PM

drunkmonkey wrote: »

How can they ban buying a stock, it's redicilolous what's happening in the states across all tech.

Because they change the rules when they aren't winning and the peasants are.

The wonderfish · 28-01-2021 01:25PM

It looks like buys of GME, AMC are only blocked on app, RH desktop option still working....but wtf knows....hope you got a bag of popcorn ready, this afternoon is gonna be epic

VinLieger · 28-01-2021 01:26PM

Shedite27 wrote: »

If Robinhood bans buying, then by default it bans selling too (as nobody can buy on Robinhood). Is Robinhood really gonna let their customers have no access to sell their shares while TD Ameritrade etc allow theirs to sell, thus reducing the price to double figures? That surely couldn't happen

I dont know if Robinhood have banned selling but T212 you can still sell, either way its still fvcking disgraceful.

Although surely if Robinhood banned selling they would open themselves up to insane legal challenges?

Kamu · 28-01-2021 01:27PM

Shedite27 wrote: »

If Robinhood bans buying, then by default it bans selling too (as nobody can buy on Robinhood). Is Robinhood really gonna let their customers have no access to sell their shares while TD Ameritrade etc allow theirs to sell, thus reducing the price to double figures? That surely couldn't happen

I guess we'll find out in an hour how this will play out. I missed all the fun waiting for funds to transfer across as I didn't want to pull out of any of my current assets. So it's all entertainment for me and regret for me.

Darando · 28-01-2021 01:27PM

WSB could just go totally rogue now and find another share to chase. Be interesting to see if GME/AMC are just one off events or whether a bit of a movement has started - if a movement how long can they sustain people's interest. Has chasing Hedge Funds become drain the swamp type hysteria?

Shedite27 · 28-01-2021 01:28PM

VinLieger wrote: »

I dont know if Robinhood have banned selling but T212 you can still sell, either way its still fvcking disgraceful.

Although surely if Robinhood banned selling they would open themselves up to insane legal challenges?

T212 aren't holding extra shares on their balance sheet, someone is buying the shares from the sellers

Shedite27 · 28-01-2021 01:29PM

Darando wrote: »

WSB could just go totally rogue now and find another share to chase. Be interesting to see if GME/AMC are just one off events or whether a bit of a movement has started - if a movement how long can they sustain people's interest. Has chasing Hedge Funds become drain the swamp type hysteria?

They've been doing it for years, this is the first time they've found a legit hole in the system and publicised it. They're already back to penny stocks like NAKD and SNDL

awec · 28-01-2021 01:30PM

Man I am seriously tempted to jump on this train for the sheer thrill of it with some money that I don't mind losing if it goes tits up. Talk of apps banning buys makes me nervous.

Price has been fluctuating around 450 for a while now.

Nemeses2050 · 28-01-2021 01:32PM

Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok

VinLieger · 28-01-2021 01:33PM

awec wrote: »

Man I am seriously tempted to jump on this train for the sheer thrill of it with some money that I don't mind losing if it goes tits up. Talk of apps banning buys makes me nervous.

Price has been fluctuating around 450 for a while now.

The apps giving into hedge fund pressure is a major problem form when things dip

MikeSoys · 28-01-2021 01:35PM

looks like market mapulation not allowing trades of certain stocks, with heavy shorts.

neris · 28-01-2021 01:37PM

Looking at Twitter and theres alot of seriously pissed off RobinHooders

patsy_mccabe · 28-01-2021 01:43PM

Forgive my ignorance but , ....... what is involved for a company to issue new shares and how quick can they do it?
I understand gamestop issued shares recently but did they capitalise on the High price yesterday?

circadian · 28-01-2021 01:43PM

Yep people can sell but can't buy on Robin Hood. Shady as ****.

Timing belt · 28-01-2021 01:44PM

circadian wrote: »

Yep people can sell but can't buy on Robin Hood. Shady as ****.

They are talking about it on CNBC

neris · 28-01-2021 01:44PM

circadian wrote: »

Yep people can sell but can't buy on Robin Hood. Shady as ****.

Its like the opposite of the banks when they were ****ed but they were proper ****ed

Kilboor · 28-01-2021 01:45PM

patsy_mccabe wrote: »

Forgive my ignorance but , ....... what is involved for a company to issue new shares and how quick can they do it?
I understand gamestop issued shares recently but did they capitalise on the High price yesterday?

https://www.investopedia.com/terms/s/shelfoffering.asp

They've registered an offering of 100 million dollars worth of shares back the end of last year.

That's worth a lot more now with the current share prices.

So basically over the next 3 years they have the opportunity to issue new shares from thin air.

They haven't yet.

circadian · 28-01-2021 01:45PM

If everyone is holding then all they've done now is forced them to hold regardless. A lot of these guys aren't going to sell because they're forced to.

Getting the popcorn out for this one.

neris · 28-01-2021 01:46PM

Timing belt wrote: »

They are talking about it on CNBC

Im sure the pearl clutchers on there are delighted about it

drunkmonkey · 28-01-2021 01:49PM

Indians seemingly lapping up GME now...

Is anyone on the sidelines jumping in at the bell, what are you going for?

VinLieger · 28-01-2021 01:52PM

neris wrote: »

Im sure the pearl clutchers on there are delighted about it

Yup they are over the moon they get to say "I told you so"

Share Picks 2021 - Thread banned users post #1

Comments