themcdeal Posted January 28, 2021 Share Posted January 28, 2021 8 minutes ago, Tortorella's Rant said: Jordan Belfort on CNN said platforms have halted trading to protect you from yourself by doing the due diligence on your part and legal action when GME and these other companies ultimately implode and they will. Especially GME with no earnings - because if you think it is worth $400, you are a fool, yet a plethora of uneducateds are putting money into it for absolutely no reason other than someone online told them to. This is honestly one of the most moronic &^@#in things that ive read I know its not you saying this (I hope) but that sentiment is beyond ridiculous 2 1 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 28, 2021 Share Posted January 28, 2021 Lol. Had some spare money in my interactive brokers that I don’t use. Thought I’d yolo on AMC for tomorrow. They’re only allowing sell orders not buys. Link to comment Share on other sites More sharing options...
24K PureCool Posted January 28, 2021 Share Posted January 28, 2021 11 minutes ago, Tortorella's Rant said: Jordan Belfort on CNN said platforms have halted trading to protect you from yourself by doing the due diligence on your part and legal action when GME and these other companies ultimately implode and they will. Especially GME with no earnings - because if you think it is worth $400, you are a fool, yet a plethora of uneducateds are putting money into it for absolutely no reason other than someone online told them to. No one asked them to protect us. I understand if people are using margins but if it is cash than allow the people do what they want to do with their cash. That is the free market. Or just stop the stock trading altogether or limit the amount. 1 Link to comment Share on other sites More sharing options...
nuckin_futz Posted January 28, 2021 Share Posted January 28, 2021 1 hour ago, DonLever said: So are the trading restrictions on certain stocks on Robinhood and others permanent or just one day? The small guys are getting pummeled today while the big guys are laughing all the way to the bank. They are not permanent. The small guys didn't get pummelled. Executions were limited to close orders only. If they owned it they could sell whenever they wanted. They were just restricted from initiating new positions. Which in reality saved their asses. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 28, 2021 Share Posted January 28, 2021 30 minutes ago, canuckster19 said: I don’t invest in the stock market yet this really pisses me off. I read something interesting, social media is now going to start censoring this, in collusion with Wall Street, and they’re going to get away with it, because if they can censor the President, who’s going to stop them from doing what they want? I hope everyone comes out ok... but I got a feeling this will get worse before it gets better. People will be fine, unless they're hitting the buy on GME at $300 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, 24K PureCool said: No one asked them to protect us. I understand if people are using margins but if it is cash than allow the people do what they want to do with their cash. That is the free market. Or just stop the stock trading altogether or limit the amount. No one asked them, but everyone signed off on it when they accepted the terms and conditions. Link to comment Share on other sites More sharing options...
Tortorella's Rant Posted January 28, 2021 Share Posted January 28, 2021 6 minutes ago, themcdeal said: This is honestly one of the most moronic &^@#in things that ive read I know its not you saying this (I hope) but that sentiment is beyond ridiculous Well, that was the argument on BNN made by one guest. If people are going to lose their money doing such things then who is the platform to step in and stop it. But Jordan said that there is a lot of "gray" legality around the platforms where people could sue them if they don't intervene. Link to comment Share on other sites More sharing options...
Gurn Posted January 28, 2021 Share Posted January 28, 2021 AOC slams Ted Cruz https://www.msn.com/en-ca/entertainment/tv/news/aoc-shoots-down-ted-cruz-s-olive-branch-you-almost-had-me-murdered/ar-BB1dbtye?ocid=msedgntp Sen. Ted Cruz (R-Texas) on Thursday extended a rare bipartisan olive branch to Rep. Alexandria Ocasio-Cortez (D-New York) — until she brutally shut down any offer from a Republicans like Cruz who she said "almost had me murdered" given his role in the Jan. 6 Capitol insurrection. "I am happy to work with Republicans on this issue where there's common ground, but you almost had me murdered 3 weeks ago so you can sit this one out.Happy to work w/ almost any other GOP that aren't trying to get me killed.In the meantime if you want to help, you can resign," the Democratic lawmaker wrote, referencing the deadly Capitol riot from Jan. 6, which took place after Cruz and other prominent Republicans backed outgoing president Donald Trump's false claims that the 2020 election was stolen. Ocasio-Cortez's clap-back came after Cruz tweeted simply, "Fully agree," when she shared her thoughts on possible investigation into the popular stock-trading app Robinhood over its attempts to throttle trading in certain newly volatile stocks that had been heavily shorted by wealthy hedge funds. She was responded to reporting that the stock-trading platform was only allowing users to close out their positions on GameStop stock, even though over half of Robinhood users own stock in the company. Robinhood implemented a number of other restrictions as well, including barring users from buying shares of GameStop and the movie-theater chain AMC Entertainment, two companies that have been pushed higher in recent days thanks in large part to the support of the Wall Street Bets Reddit forum seeking to prop up the companies and frustrate hedge funds that had short-sale positions. "This is unacceptable. We now need to know more about @RobinhoodApp's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit. As a member of the Financial Services Cmte, I'd support a hearing if necessary," she tweeted, prompting Cruz's shocking follow-up tweet. Link to comment Share on other sites More sharing options...
canuckster19 Posted January 28, 2021 Share Posted January 28, 2021 Just now, gurn said: AOC slams Ted Cruz https://www.msn.com/en-ca/entertainment/tv/news/aoc-shoots-down-ted-cruz-s-olive-branch-you-almost-had-me-murdered/ar-BB1dbtye?ocid=msedgntp Sen. Ted Cruz (R-Texas) on Thursday extended a rare bipartisan olive branch to Rep. Alexandria Ocasio-Cortez (D-New York) — until she brutally shut down any offer from a Republicans like Cruz who she said "almost had me murdered" given his role in the Jan. 6 Capitol insurrection. "I am happy to work with Republicans on this issue where there's common ground, but you almost had me murdered 3 weeks ago so you can sit this one out.Happy to work w/ almost any other GOP that aren't trying to get me killed.In the meantime if you want to help, you can resign," the Democratic lawmaker wrote, referencing the deadly Capitol riot from Jan. 6, which took place after Cruz and other prominent Republicans backed outgoing president Donald Trump's false claims that the 2020 election was stolen. Ocasio-Cortez's clap-back came after Cruz tweeted simply, "Fully agree," when she shared her thoughts on possible investigation into the popular stock-trading app Robinhood over its attempts to throttle trading in certain newly volatile stocks that had been heavily shorted by wealthy hedge funds. She was responded to reporting that the stock-trading platform was only allowing users to close out their positions on GameStop stock, even though over half of Robinhood users own stock in the company. Robinhood implemented a number of other restrictions as well, including barring users from buying shares of GameStop and the movie-theater chain AMC Entertainment, two companies that have been pushed higher in recent days thanks in large part to the support of the Wall Street Bets Reddit forum seeking to prop up the companies and frustrate hedge funds that had short-sale positions. "This is unacceptable. We now need to know more about @RobinhoodApp's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit. As a member of the Financial Services Cmte, I'd support a hearing if necessary," she tweeted, prompting Cruz's shocking follow-up tweet. I respect what she’s trying to do but she needs to tone down the hyperbole and pick her battles. The people who stormed the capitol aren’t the ones robbing America blind. 1 1 Link to comment Share on other sites More sharing options...
Gurn Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, canuckster19 said: I respect what she’s trying to do but she needs to tone down the hyperbole and pick her battles. The people who stormed the capitol aren’t the ones robbing America blind. What hyperbole? Link to comment Share on other sites More sharing options...
24K PureCool Posted January 28, 2021 Share Posted January 28, 2021 14 minutes ago, NucksPatsFan said: No one asked them, but everyone signed off on it when they accepted the terms and conditions. Just because they can doesn't mean they should. Link to comment Share on other sites More sharing options...
canuckster19 Posted January 28, 2021 Share Posted January 28, 2021 5 minutes ago, gurn said: What hyperbole? It’s not my opinion they were out to kill congress people Link to comment Share on other sites More sharing options...
NucksPatsFan Posted January 28, 2021 Share Posted January 28, 2021 Just now, 24K PureCool said: Just because they can doesn't mean they should. That goes for many things in life. Ie. Extending Virtanen 2 Link to comment Share on other sites More sharing options...
Warhippy Posted January 28, 2021 Share Posted January 28, 2021 31 minutes ago, Tortorella's Rant said: Jordan Belfort on CNN said platforms have halted trading to protect you from yourself by doing the due diligence on your part and legal action when GME and these other companies ultimately implode and they will. Especially GME with no earnings - because if you think it is worth $400, you are a fool, yet a plethora of uneducateds are putting money into it for absolutely no reason other than someone online told them to. Remarkable. They'll protect people from themselves via stock market manipulation, but won't stop them from gambling in a casino. Because someone online told them to do something isn't a viable reason to allow people to invest but is totally a valid reason to storm the US Capitol. This is just the system doing what they can to keep the Poor's poor 1 Link to comment Share on other sites More sharing options...
Warhippy Posted January 28, 2021 Share Posted January 28, 2021 20 minutes ago, NucksPatsFan said: Lol. Had some spare money in my interactive brokers that I don’t use. Thought I’d yolo on AMC for tomorrow. They’re only allowing sell orders not buys. Bouncing $2 ish higher in post. But the Poor's like us aren't allowed in that action. Look at the movement of some of the shorts the WSB team keyed in to in the after hours. Crazy Link to comment Share on other sites More sharing options...
24K PureCool Posted January 28, 2021 Share Posted January 28, 2021 2 minutes ago, Warhippy said: Bouncing $2 ish higher in post. But the Poor's like us aren't allowed in that action. Look at the movement of some of the shorts the WSB team keyed in to in the after hours. Crazy I think the market should be reformed to eliminate after hours trading. Give everyone the same access to the market! 1 1 Link to comment Share on other sites More sharing options...
Gurn Posted January 28, 2021 Share Posted January 28, 2021 4 minutes ago, canuckster19 said: It’s not my opinion they were out to kill congress people The hangman station, the guns, the sword, the twist ties, and the dead people not enough to convince you? 1 Link to comment Share on other sites More sharing options...
nuckin_futz Posted January 28, 2021 Share Posted January 28, 2021 5 minutes ago, 24K PureCool said: I think the market should be reformed to eliminate after hours trading. Give everyone the same access to the market! Open an account with a broker that offers access, problem solved. 1 Link to comment Share on other sites More sharing options...
24K PureCool Posted January 28, 2021 Share Posted January 28, 2021 Just now, nuckin_futz said: Open an account with a broker that offers access, problem solved. I have one but that is putting a bandage on the problem. Link to comment Share on other sites More sharing options...
nuckin_futz Posted January 28, 2021 Share Posted January 28, 2021 Just now, 24K PureCool said: I have one but that is putting a bandage on the problem. What is the problem? Link to comment Share on other sites More sharing options...
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