- catfishboy
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Re: Anyone here use Robinhood?
What caused the huge increase in value with GME and BB? It would have been nice to have bought 1,000 shares of each last week!
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- MeridianOMRebel
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Re: Anyone here use Robinhood?
catfishboy wrote:
What caused the huge increase in value with GME and BB? It would have been nice to have bought 1,000 shares of each last week!
Subreddit - wallstreetbets. Folks got tired of big firms manipulating the markets and decided to give them a taste of their own medicine.
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Thread Starter- MeridianOMRebel
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Re: Anyone here use Robinhood?
What caused the huge increase in value with GME and BB? It would have been nice to have bought 1,000 shares of each last week!
Good video to watch:
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Thread Starter- catfishboy
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Re: Anyone here use Robinhood?
Robinhood limits trading
Robinhood has limited trading on certain stocks. This is an unfair practice that could potentially get them into trouble. For years Wall Street has manipulated stocks and now that the tables have turned on them, they limited trades on GME. This practice is completely unfair and should not be allowed. Since GME is very over priced now, the price of the stock is most likely to drop. Now is the time to short the stock or buy a put option.
Robinhood’s restrictions could take the wind out of point-and-click traders trying to jack up the price of GameStop. Robinhood, however, will not sell any client’s shares of GameStop that are already over the one-share limit from a previous position.
- CNBC News
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- MeridianOMRebel
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- Registered: 8/01/2017
- Posts: 3,397
Re: Anyone here use Robinhood?
Robinhood limits trading
Robinhood has limited trading on certain stocks. This is an unfair practice that could potentially get them into trouble. For years Wall Street has manipulated stocks and now that the tables have turned on them, they limited trades on GME. This practice is completely unfair and should not be allowed. Since GME is very over priced now, the price of the stock is most likely to drop. Now is the time to short the stock or buy a put option.Robinhood’s restrictions could take the wind out of point-and-click traders trying to jack up the price of GameStop. Robinhood, however, will not sell any client’s shares of GameStop that are already over the one-share limit from a previous position.
- CNBC News
There's two class actions filed against them now. I'm not sure which one I'll be joining, but they are in deep crap right now. WallStreetBets is really the largest hedge out there now - and completely decentralized. 
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Thread Starter- catfishboy
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Re: Anyone here use Robinhood?
Could you do a covered call with your GME position? You would need 100 shares, but it could provide an income stream.
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