All things STOCKS

#7,702
#7,702
Orange_Vol1321 said:
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Yeah, that's to prevent an outright mutiny from their customer base. Which might have already happened.

Raising margin requirements is a completely normal and legitimate practice. I think some folks are conflating margin requirements or margin calls with the outright blocking of purchasing. Those are two totally different things. I can understand preventing purchases on margin of securities that have seen insane volatility. There is considerable risk to the broker in a situation like that, and they will CYA. They aren't doing that to protect other HFs, or their own customers - they are doing it to protect themselves, and that is OK.

However, the outright prevention of purchasing AND sales of a stock, even if not using margin or if you're within the margin requirements, is crazy. RH selling your GME position for you with not on margin or within the margin requirements is done to protect Citadel and others.
 
#7,705
#7,705
#7,713
#7,713
Velo Vol said:
I mean an immediate danger of going insolvent. I'm assuming no, but hundreds of millions in credit is a big chunk of change.
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Oh I doubt it. I have a RH account that was small and I just kept for having another day trade per day or week. Already sold out of everything a couple of weeks ago and plan on closing it.

I read AAL was blocked. Just went and looked. Smh

Screenshot_20210128-192532_Robinhood.jpg
 
#7,714
#7,714
Orange_Vol1321 said:
Oh I doubt it. I have a RH account that was small and I just kept for having another day trade per day or week. Already sold out of everything a couple of weeks ago and plan on closing it.

I read AAL was blocked. Just went and looked. Smh

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Yep, im on RH as well. I was trying to invest in just some random stuff earlier today and it was blocked. I might leave im not sure yet. Their site is the simplest to use, but they might not exists soon.
 
#7,715
#7,715
mr.checkerboards said:
Yep, im on RH as well. I was trying to invest in just some random stuff earlier today and it was blocked. I might leave im not sure yet. Their site is the simplest to use, but they might not exists soon.
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They are blocking or limiting all the heavily shorted stocks. And when I say they, I mean all platforms in some fashion. It isn't right. Not retails fault citadel or any short firm wants to short a stock in the ground and then get trapped.
 
#7,717
#7,717
Orange_Vol1321 said:
They are blocking or limiting all the heavily shorted stocks. And when I say they, I mean all platforms in some fashion. It isn't right. Not retails fault citadel or any short firm wants to short a stock in the ground and then get trapped.
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Etrade restricted the purchasing as well this afternoon. It did let me sell my 2 hour old put position right before close though.
 
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#7,721
#7,721
Orange_Vol1321 said:
They are blocking or limiting all the heavily shorted stocks. And when I say they, I mean all platforms in some fashion. It isn't right. Not retails fault citadel or any short firm wants to short a stock in the ground and then get trapped.
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I had seen some stocks open things up a lot sooner then they did though.
 
#7,723
#7,723
Go aeiou said:
She received speaking fees. She is considered an expert in her field. She was chairman of the Fed. Greenspan probably made much more speaking.
It's still early, and the real bad guys will likely be revealed. Robinhood sure doesn't look good. Other brokers also.
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LOL
 
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