Current Events > Robinhood begins removing stocks in response to controversy

Topic List
Page List: 1
s0nicfan
01/28/21 9:19:38 AM
#1:


Gamestop, amc, and basically every other stock the reddit folks were looking at has been temporarily delisted to prevent new buys.

Looks like the hedge funds are winning the war on this one.

---
"History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz
... Copied to Clipboard!
Were_Wyrm
01/28/21 9:21:30 AM
#2:


shockedpikachu.jpg

---
I was a God, Valeria. I found it...beneath me. - Dr. Doom
https://imgur.com/FKDXbHs
... Copied to Clipboard!
BignutzisBack
01/28/21 9:21:36 AM
#3:


... Copied to Clipboard!
SCCAN85
01/28/21 9:22:39 AM
#4:


BignutzisBack posted...
This is prime class action lawsuit territory
That's what I'm thinking but I'm sure they'll be protected

---
PSN: Canqb5
Chargers, Clippers,Kings (NHL), and I guess Padres
... Copied to Clipboard!
Zombified_Toast
01/28/21 9:22:51 AM
#5:


Can't reddit just move onto another stock, rinse and repeat?

---
stant447 - So suicide is illegal. But smoking is not? I'm allowed to passively kill myself, but not actively?
Transmutant - Just as long as you die I'm happy.
... Copied to Clipboard!
NatsuSama
01/28/21 9:23:15 AM
#6:


I cant trade anything on RH. I cant even buy more Apple....

---
WAAAH, I CAN'T BEAT THIS GUY WITH HIS TACTICS, I'M GONNA CALL IT SPAM AND CONDEMN HIM FOR USING IT
... Copied to Clipboard!
smoke_break
01/28/21 9:23:21 AM
#7:


... Copied to Clipboard!
Tyranthraxus
01/28/21 9:23:47 AM
#8:


Zombified_Toast posted...
Can't reddit just move onto another stock, rinse and repeat?
Sure find a stock that is 140% shorted that hasn't been traded yet and reddit will hop right on it.

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
Jagr_68
01/28/21 9:29:16 AM
#9:


Imagine being just a typical investor owning these stocks not knowing whatever the hell is going on with reddit and then suddenly your portfolio gets wrecked in the crossfire because WALL STREET MAD. No fucking way anyone tolerates this mess and I hope they get sued to hell.

---
... Copied to Clipboard!
EndOfDiscOne
01/28/21 9:31:52 AM
#10:


What if you've already bought? Do you have to hold the stock and watch the price plummet?

---
I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
... Copied to Clipboard!
NatsuSama
01/28/21 9:35:16 AM
#11:


EndOfDiscOne posted...
What if you've already bought? Do you have to hold the stock and watch the price plummet?
Not a financial advisor, but I'd say sell, not hold.

---
WAAAH, I CAN'T BEAT THIS GUY WITH HIS TACTICS, I'M GONNA CALL IT SPAM AND CONDEMN HIM FOR USING IT
... Copied to Clipboard!
CableZL
01/28/21 9:36:14 AM
#12:


I got out of robinhood a long time ago because I didn't like the platform. They were charging me $1/month to use their service back then. Not sure if they still do that.

---
... Copied to Clipboard!
SiO4
01/28/21 9:36:20 AM
#13:


Jagr_68 posted...
Imagine being just a typical investor owning these stocks not knowing whatever the hell is going on with reddit and then suddenly your portfolio gets wrecked in the crossfire because WALL STREET MAD. No fucking way anyone tolerates this mess and I hope they get sued to hell.


That's why stocks are Bullshit.
---
"Whatever the reason you're on Mars, I'm glad you're there, and I wish I was with you." ~Carl Sagan.
Currently playing: Flight Simulator X.~PC
... Copied to Clipboard!
3PiesAndAFork
01/28/21 9:38:29 AM
#14:


NatsuSama posted...
Not a financial advisor, but I'd say sell, not hold.
They can't. That's the problem.

---
@('_')@
... Copied to Clipboard!
Hexenherz
01/28/21 9:38:48 AM
#15:


I can't even load up half the stocks I'm trying to pull in RH lmao.

Gonna jump ship on this one.

---
FFXIV: Lucius Hexenseele (Brynhildr) | RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting/RC
https://letterboxd.com/BMovieBro/
... Copied to Clipboard!
JBaLLEN66
01/28/21 9:51:21 AM
#16:


good

---
https://www.youtube.com/watch?v=IdR2Iktffaw
The day Capitalism was humiliated :)
... Copied to Clipboard!
uwnim
01/28/21 9:57:26 AM
#17:


If people actually short an absurd amount of stock, they deserve this sort of thing. Delisting stocks to protect the shorters from the folks trying to get the prices to climb is messed up.

---
I want a pet Lavos Spawn.
[Order of the Cetaceans: Phocoena dioptrica]
... Copied to Clipboard!
Squall28
01/28/21 10:05:30 AM
#18:


uwnim posted...
If people actually short an absurd amount of stock, they deserve this sort of thing. Delisting stocks to protect the shorters from the folks trying to get the prices to climb is messed up.

Yeah they should be willing to take the consequences of their risk. Market manipulation shouldn't be tolerable though regardless of who does it.

---
You can't go back and change the beginning, but you can start where you are and change the ending.
-Misattributed to CS Lewis
... Copied to Clipboard!
WilliamPorygon
01/28/21 10:05:46 AM
#19:


Robinhood.com, stealing from the poor and giving to the rich

---
... Copied to Clipboard!
Cuticrusader09
01/28/21 10:07:21 AM
#20:


Tyranthraxus posted...

Sure find a stock that is 140% shorted that hasn't been traded yet and reddit will hop right on it.


This. No other stock has the same opportunity as GameStop did.
---
AC - Violet on Penny. (N), Rose on Sapphire (S)
... Copied to Clipboard!
ghettoraider81
01/28/21 10:11:50 AM
#21:


Robinhood may have just killed themselves with this move.

---
Win, lose, or tie Oakland Raiders til I die! WHY'S THE RUM GONE!
S.M.O.K.E my anti sXe
... Copied to Clipboard!
The Trent
01/28/21 10:14:34 AM
#22:


BignutzisBack posted...
This is prime class action lawsuit territory

how can you possibly define damages

---
i'm Trent B and i get respect
your cash and your jewelry is what i expect
... Copied to Clipboard!
Alteres
01/28/21 10:20:44 AM
#23:


The Trent posted...
how can you possibly define damages
The value of the stock when they stopped you from selling it compared to the value of the stock once they were nice enough to let you sell again.

Seems pretty easy to me.

---
........the ghost in the machine...
IGN: Fox, FC: 5344-2646-0982
... Copied to Clipboard!
The Trent
01/28/21 10:22:05 AM
#24:


Alteres posted...
The value of the stock when they stopped you from selling it compared to the value of the stock once they were nice enough to let you sell again.

Seems pretty easy to me.

sounds super easy on www.gamefaqs.gamespot.com but i think it may not be so easy in court

---
i'm Trent B and i get respect
your cash and your jewelry is what i expect
... Copied to Clipboard!
Tyranthraxus
01/28/21 10:25:49 AM
#25:


The Trent posted...
sounds super easy on www.gamefaqs.gamespot.com but i think it may not be so easy in court

People posting on GameFAQs.gamespot.com won't be making court arguments and lawyers are gonna be on this like flies on shit since the people being targeted have all the money.

---
It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
https://imgur.com/dQgC4kv
... Copied to Clipboard!
JBaLLEN66
01/28/21 10:37:46 AM
#26:


I love it when cry baby Bernard bois cry lmao

---
https://www.youtube.com/watch?v=IdR2Iktffaw
The day Capitalism was humiliated :)
... Copied to Clipboard!
Sayoria
01/28/21 10:53:31 AM
#27:


So much for "FREE MARKET". Only the big boys allowed.

---
... Copied to Clipboard!
COVxy
01/28/21 11:02:02 AM
#28:


Sayoria posted...
So much for "FREE MARKET".

Idk, seems to me that the stock market very regularly does shit like this to prevent too much volatility. It's never been free, just workable given that you have enough money.

---
=E[(x-E[x])(y-E[y])]
... Copied to Clipboard!
TomNook20
01/28/21 11:05:24 AM
#29:


Considering all actual brokerages offer free trades, I have no idea why anyone would use robinhood

---
... Copied to Clipboard!
E32005
01/28/21 11:10:23 AM
#30:


ghettoraider81 posted...
Robinhood may have just killed themselves with this move.
hope peoploe bail on them

---
... Copied to Clipboard!
Sayoria
01/28/21 12:07:24 PM
#31:


E32005 posted...
hope peoploe bail on them

Already am. Moving to Fidelity. Just need to wait until the 4th for my transfer to go.

---
... Copied to Clipboard!
UnholyMudcrab
01/28/21 12:10:35 PM
#32:


... Copied to Clipboard!
Squall28
01/28/21 7:13:08 PM
#33:


They were closing the market during the beginning of covid to slow down mass selling.

---
You can't go back and change the beginning, but you can start where you are and change the ending.
-Misattributed to CS Lewis
... Copied to Clipboard!
Unknown5uspect
01/28/21 7:17:33 PM
#34:


Robbin' the hood

---
#Riot2020 Eat The Rich
... Copied to Clipboard!
CanuckCowboy
01/28/21 7:21:17 PM
#35:


Tyranthraxus posted...
People posting on GameFAQs.gamespot.com won't be making court arguments and lawyers are gonna be on this like flies on shit since the people being targeted have all the money.

Yeah but the thing with having all the money is you also get all the best lawyers.

---
"A dope trailers no place for a kitty, Ricky. Thats why."
https://files.catbox.moe/gqwlkg.jpeg ~ by JimCarrysToe. Be amaze.
... Copied to Clipboard!
s0nicfan
01/28/21 7:22:38 PM
#36:


Tyranthraxus posted...
People posting on GameFAQs.gamespot.com won't be making court arguments and lawyers are gonna be on this like flies on shit since the people being targeted have all the money.

So about that...
https://www.cnn.com/2021/01/28/investing/lawsuit-robinhood-gamestop-wallstreetbets/index.html
A Robinhood customer filed a class-action lawsuit against the stock-trading app Thursday after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular Reddit group for investors.

---
"History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz
... Copied to Clipboard!
BilalPowell
01/28/21 7:22:52 PM
#37:


Tyranthraxus posted...
People posting on GameFAQs.gamespot.com won't be making court arguments and lawyers are gonna be on this like flies on shit since the people being targeted have all the money.
They used to have all the money. Now whoever sold Gamestop early has all the money.

---
Former #1 Birmingham Iron Fan. RIP AAF
... Copied to Clipboard!
Topic List
Page List: 1