Originally Posted by tatorhog:
In that sense though, whoever actually owns the equity...do they have say in what happens with it? For the duration that the stock is shorted, can the actual owner do anything with it? Or are they forced to hold until the contract is expired? Are their time limits for when a short has to be executed in?
It isn't an options trade so there is no contract so to speak. [Reply]
Lot's of restrictions happening across all platforms. New accounts are crawling as buyers seek out a new platform. Fraction trades are all but gone. Resulting in only 40M volume for the day. Cashapp is still letting you buy AMC.
The reverse squeeze via questionable methods. [Reply]
Step 0: Citadel pays Robinhood for order flow. Citadel gets to see RH's orders a few milliseconds before they're filled. Citadel may choose to front-run some of those trades.
Step 1: RH's customers and WallStreetBets start manipulating $GME. This is happening in the open.
Originally Posted by eDave:
Lot's of restrictions happening across all platforms. New accounts are crawling as buyers seek out a platform. Fraction trades are all but gone.
Yep, I tried to open a Schwab account and it wouldn't let me, but TDA would. [Reply]
I don't think people fully comprehend what actually happened when retail investors weren't allowed to make purchase orders and institutions still had access. [Reply]
Originally Posted by FD:
This is just completely insane. Robinhood is trying to stop its users from buying into an obvious crash and losing everything. Is it overly paternalistic? Yes. But it is definitely in the interests of the retail traders on the app.
But they're also screwing the 50% of their retail investors already holding GME. [Reply]
Originally Posted by ReynardMuldrake:
The people calling it a pump and dump are way off base. This is not a pump and dump. WSB are buying and holding trying to cause a short squeeze. Look at what happened to VW in 2008. The squeeze has not happened yet. If that happens it will be like something out of a movie. Ever see Trading Places?
When one person does it it's a short squeeze. When a crowd does it it's a pump and dump with a side of short squeeze. [Reply]
Originally Posted by Fat Elvis:
I don't think people fully comprehend what actually happened when retail investors weren't allowed to make purchase orders and institutions still had access.