This. Now hedge funds across the board will have a dashboard of "alternative social media sentiment".
Just to add, that's exactly why I like to find value options like that... I don't play all contracts like that, but dropping some gains on low low risk/very high reward is worth it (I don't mean over extending or wrecking your portfolio, but the value options absolutely can add up easy). I know that can be considered light gambling but the odds of me picking a stock option and making money by moving contracts are a hell of a lot higher than buying a lotto ticket or playing slot machines (I don't play slots though and lotto - lol maybe $10 a year if my wife forces me...).
Bought 1 share of GME @ $318 to support the cause and also to see if the big squeeze happens over the weekend or not. Super interested to see how the market on close print goes (I predict a gap down).
the day graphs for GME and AMC are identical. doesnt that just say retail isnt moving either one much and its the investment firms fighting each other? or is it because both are being limited on buying
i'm holding 10. mentally written these off as losses. with all that crap ytd, the hedgies are prob off the hook already, but still curious to see how it plays out
It's rumored that it might be another short squeeze opportunity, I've seen people buying options but I'm still trying to look at more. wsb's mentioned it too, but I saw a few other traders I check in on from time to time mentioning a possible opportunity. When I posted earlier I was thinking if RH heavily restricted GME it might cause a pop. I'm going to keep watching and will definitely update if I enter or I see something worth it, but w/ amc/GME attention I think really slowed this movement.
Robinhood expanding their restriction list, which includes Starbucks, AMD, and 4 Chamath SPACs (CLOV, OPEN, IPOE, IPOF). https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/
Forget the hedge funds that shorted Gamestop. The positive of this whole thing is that these guys might bring RH down. Good riddance.
How much is ibkr? I see their sign up is more involved in sure it's fine I signed up on robinhood in minutes. I have never touched crypto but I enjoyed buying and selling dogecoin although I admit to not understanding. It seems you could make some scratch watching the price of bitcoin, eth and follow is downturns and buy? Could I do that on binance? I have only $ 250 all tied up in robinhood and I'm already done and want to try crypto. I guess in 3 days it will get it let me buy dogecoin for one afternoon? Wtf What is binance?some exchange but what can I use it to buy and sell with out robinhood? Help i want to be able to buy and sell crypto..anyone? Pretty please? Thank you
Robinhood is about to lose half their users if they keep this up. a lot of the SPACs are on there... Why is GM, SBUX on that list??
Any stock that is highly volatile that is traded on RH will add to their capital requirements. RH is literally having to borrow from all their credit lines to meet minimum capital requirements. Unlike traditional banking where the capital requirement is just a static percentage, for brokerages it varies depending on the holdings of your investors. If investors hold stocks that are more volatile, the SEC requires you to have more cash on hand to ensure that the broker can deal with a sudden sell off. GM is experiencing lots of trading because of the announcement around Zero Emission Vehicles and starbucks had some poor earnings so I think people have been selling. By preventing people from buying this stuff, they are limiting their capital requirements.
