Wall St vs Main St: Wallstreetbets’ battle against scummy hedge funds
#121
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
i'm back in with GameStop because fuck'em!
The following users liked this post:
nist7 (01-28-2021)
#122
Senior Moderator
The following users liked this post:
Mizouse (01-28-2021)
#123
Go Giants
#124
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
The following users liked this post:
nist7 (01-28-2021)
#125
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
Webull is back.
#126
Go Giants
#127
Senior Moderator
Join Date: May 2003
Location: Better Neighborhood, Arizona
Posts: 45,640
Received 2,329 Likes
on
1,309 Posts
Etrade isnt allowing users to buy GME anymore...
#128
Senior Moderator
So, anyone become BoostedJack rich?
#129
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
The following users liked this post:
Yumcha (01-28-2021)
#130
Senior Moderator
Join Date: May 2003
Location: Better Neighborhood, Arizona
Posts: 45,640
Received 2,329 Likes
on
1,309 Posts
#131
Senior Moderator
#132
So far here are the people coming out AGAINST Robinhood: Rashida Tlaib, Ben Shapiro, Mark Cuban, David Portony, AOC, Elon Musk, Donald Trump Jr, Ja Rule, Ted Lieu, Cameron Winkelvoss, Ken Bone, Ted Cruz, Kevin O'Leary, and Chamath Palihapitiya. I am sure more to come.
Congratulations to Robinhood! You have managed to unite the country!![rofl](https://acurazine.com/forums/images/smilies/rofl.gif)
Congratulations to Robinhood! You have managed to unite the country!
![rofl](https://acurazine.com/forums/images/smilies/rofl.gif)
Last edited by Rick_TL-S; 01-28-2021 at 02:25 PM.
The following users liked this post:
Mizouse (01-28-2021)
#133
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
#134
Sanest Florida Man
#135
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
too bad i have my Tesla shares in RH otherwise I'd leave em.
![Bored](https://acurazine.com/forums/images/smilies/bored.gif)
#136
Your Friendly Canadian
Join Date: Dec 2007
Location: Toronto, Ontario
Age: 31
Posts: 17,431
Received 1,485 Likes
on
1,049 Posts
I would be surprised if RH survives this.
#137
Three Wheelin'
Treasury secretary Yellen received $800G from hedge fund at center of Robinhood contr
Newly-confirmed Treasury Secretary Janet Yellen received around $810,000 in speaking fees from the hedge fund that bailed out one of the primary losers in the recent Gamestop frenzy.
Yellen's financial disclosure shows her making $337,500 for multiple days in Oct. of 2020 from Citadel. She similarly banked $292,500 in October of 2019 and $180,000 in December of that year.
The Senate confirmed Yellen on Monday, making her the first female secretary of the department. She previously chaired the Federal Reserve after an appointment by former President Obama.
Both Citadel and Point72 infused almost $3 billion into Melvin Capital, which saw massive losses after betting against the video game retailer Gamestop. The White House said on Wednesday that Yellen was monitoring the situation.
Citadel founder Ken Griffin has invested in Robinhood, the trading app that helped fuel the massive stock activity that hit Melvin Capital.
Robinhood said Thursday investors would only be able to sell their positions and not open new ones in some cases, and Robinhood will try to slow the amount of trading using borrowed money.
GameStop stock has rocketed from below $20 earlier to close around $350 Wednesday. The action was even wilder Thursday: The stock swung between $112 and $483. At midday it was down 27% at $255.
Yellen's financial disclosure shows her making $337,500 for multiple days in Oct. of 2020 from Citadel. She similarly banked $292,500 in October of 2019 and $180,000 in December of that year.
The Senate confirmed Yellen on Monday, making her the first female secretary of the department. She previously chaired the Federal Reserve after an appointment by former President Obama.
Both Citadel and Point72 infused almost $3 billion into Melvin Capital, which saw massive losses after betting against the video game retailer Gamestop. The White House said on Wednesday that Yellen was monitoring the situation.
Citadel founder Ken Griffin has invested in Robinhood, the trading app that helped fuel the massive stock activity that hit Melvin Capital.
Robinhood said Thursday investors would only be able to sell their positions and not open new ones in some cases, and Robinhood will try to slow the amount of trading using borrowed money.
GameStop stock has rocketed from below $20 earlier to close around $350 Wednesday. The action was even wilder Thursday: The stock swung between $112 and $483. At midday it was down 27% at $255.
#138
Senior Moderator
#139
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
![](https://cimg0.ibsrv.net/gimg/acurazine.com-vbulletin/451x241/8bels7zob4e61_94105edd5d81f7fadf18f736e333c93d08a715ad.jpg)
The following users liked this post:
csmeance (02-01-2021)
#140
AZ Community Team
Join Date: May 2007
Location: N35°03'16.75", W 080°51'0.9"
Posts: 32,488
Received 7,770 Likes
on
4,341 Posts
![](https://cimg9.ibsrv.net/gimg/acurazine.com-vbulletin/698x543/d37etjmcd4e61_28a79f4d9850ff230ed124c56984c290fe83e421.jpg)
#141
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
they need to include all stocks that were restricted.
#142
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
#143
Go Giants
RH has some of my Apple stock. Looks like its worthless anyway
#144
Senior Moderator
https://robinhood.com/us/en/support/...nhood-account/
IIRC Schwab will likely reimburse the fee RH charges to transfer out as well, i'd ask them
IIRC Schwab will likely reimburse the fee RH charges to transfer out as well, i'd ask them
#145
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
GME After hours245.00+51.40 (26.55%)
#147
Go Giants
https://robinhood.com/us/en/support/...nhood-account/
IIRC Schwab will likely reimburse the fee RH charges to transfer out as well, i'd ask them
IIRC Schwab will likely reimburse the fee RH charges to transfer out as well, i'd ask them
Now 18%
Just got an email from them
An update on market conditions
Hi Warren, 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.
#148
Suzuka Master
^ Full statement
![](https://cimg6.ibsrv.net/gimg/acurazine.com-vbulletin/820x1282/screen_shot_2021_01_28_at_5_23_47_pm_91180af7a453754257f3a911a9f51d1e139e5c87.png)
#149
Your Friendly Canadian
Join Date: Dec 2007
Location: Toronto, Ontario
Age: 31
Posts: 17,431
Received 1,485 Likes
on
1,049 Posts
Well that was all a lie.
#150
Limited buys meaning they'll let you purchase more GME, but only what they deem appropriate? Sounds like they're still screwing over "free market" if I have that correct.
#151
Senior Moderator
It was intended to be sent to the HF managers
![Smirk](https://acurazine.com/forums/images/smilies/smirk.gif)
#153
Go Giants
The after hours numbers keep changing. How are people buying after the market closed hours ago.
The following users liked this post:
nist7 (01-28-2021)
#154
Moderator
Thread Starter
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,245
Received 2,787 Likes
on
1,987 Posts
#155
Suzuka Master
CEO of Robinhood was just on CNBC. I'm sure the full interview will hit the interweb any minute
#157
Sanest Florida Man
Good twitter thread on the story behind this, it goes back to Sept 2019
The following users liked this post:
Costco (01-28-2021)
#158
Senior Moderator
![what](https://acurazine.com/forums/images/smilies/what.gif)
that guy is a fucking prophet
The following users liked this post:
Bearcat94 (01-29-2021)
The following users liked this post:
doopstr (01-29-2021)
#160
Senior Moderator
The following users liked this post:
Mizouse (01-28-2021)