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Displaced Texan

Stock picks..anyone do some small time investing?

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3 minutes ago, RUTGERS95 said:

gotcha, now I see Merril as well too

fkers

True..

Where is the SEC??? There has to be hell to pay for these platforms... but then again, maybe not...

It's not What you know, but Who you know.

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28 minutes ago, Sniper said:

True..

Where is the SEC??? There has to be hell to pay for these platforms... but then again, maybe not...

It's not What you know, but Who you know.

agree!  none of that is legal

 

not to mention the parler suit where amazon will be on the hook for parler earnings and intrinsic value.

 

SC, regulators etc etc need to do their jobs

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Don't worry fellas. Janet Yellen will see everything's made right.

Oh... and while we're at it let's listen to the laments of a 'bullshit' hedge fund billionaire.

And let's not overlook Gabe Plotkin (Melvin Capital) and the merry adventures of Robin Hood.

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27 minutes ago, Cheflife15 said:

Nakd is the next one theyre gunna pump and dump

Yep, my daughter called a little while ago, said she was going to buy some, and she knows zilch about the market...

Look out below..................................

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17 hours ago, Sniper said:

GME closed at $194, already been pumped after hours to $264 right now.

They're still pumping after hours... Now at $312.  while all the other markets are in the red pre-market..

Going to be an interesting morning tomorrow...

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13 hours ago, Sniper said:

They're still pumping after hours... Now at $312.  while all the other markets are in the red pre-market..

Going to be an interesting morning tomorrow...

The WSB kids are still pumping, and the shorts are feeling it... Right now, $336.

The hedgies must be ready to jump off the roof...

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RH is still restricting trades with GME. Only one share cam be bought. And restrictions on a bunch of others in this list:

Restrictions on Robinhood traders are still tight and getting tighter throughout the day on Friday, now only allowing GameStop holders to buy a single additional share.

The stock trading app has also expanded its list of restricted stocks from 13 earlier in the day to 23.

Robinhood’s restrictions are quiet limiting:

106832664-1611949241326-Screen_Shot_2021

https://www.cnbc.com/2021/01/29/robinhood-is-still-severely-limiting-trading-gamestop-holders-can-only-buy-one-additional-share.html

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20 hours ago, Displaced Texan said:

I think that tells us what stocks are next on the ‘short squeeze’ list. 

The autists at WSB are planning their next move... rumor has it SLV is on the squeeze block...

https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver

Then, they're planning on burning down Robinhood.... Anyone that has cash sitting there better keep an eye on it.  "Delete Robinhood" has really started trending...

https://www.zerohedge.com/markets/has-robinhood-exodus-begun

2021-01-30_10-10-35.png?itok=AeHfb_kA

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lots of speculation there and I think zerohedge is inciting undo stress.  I don't think Robin will go under because several thousand people are pissed they restricted some stocks.  People can look to transfer accts, many won't given the hassle but I get it.

 

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2 hours ago, RUTGERS95 said:

I don't think Robin will go under because several thousand people are pissed they restricted some stocks.  People can look to transfer accts, many won't given the hassle but I get it.

Here's some food for thought, has nothing to do with people being pissed, but RH's internal operations. They had to borrow "hundreds of millions" on Thursday to fund operations:

...."Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.[3][4] Robinhood is a FINRA regulated broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation.[5][3] The company's revenue comes from three main sources: interest earned on customers' cash balances, selling order information to high-frequency traders (a practice for which SEC opened a probe into the company in September 2020)[6] and margin lending.[7][8] As of 2020, Robinhood had 13 million users.[9][10]
 

Here's the article:

...."Robinhood is drawing down lines of credit to the tune of "at least several hundred million dollars," Bloomberg reported Thursday.

The quick decision to seek additional funds from its lenders, which include JPMorgan Chase and Goldman Sachs, suggest that this week's trading frenzy has put a strain on the company, according to Bloomberg's Matthew Monks and Michelle Davis. 

https://www.msn.com/en-us/money/news/robinhood-is-reportedly-borrowing-at-least-several-hundred-million-dollars-from-banks-amid-gamestop-trading-frenzy/ar-BB1dbFGt

 

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20 minutes ago, Sniper said:

Here's some food for thought, has nothing to do with people being pissed, but RH's internal operations. They had to borrow "hundreds of millions" on Thursday to fund operations:

...."Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.[3][4] Robinhood is a FINRA regulated broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation.[5][3] The company's revenue comes from three main sources: interest earned on customers' cash balances, selling order information to high-frequency traders (a practice for which SEC opened a probe into the company in September 2020)[6] and margin lending.[7][8] As of 2020, Robinhood had 13 million users.[9][10]
 

Here's the article:

...."Robinhood is drawing down lines of credit to the tune of "at least several hundred million dollars," Bloomberg reported Thursday.

The quick decision to seek additional funds from its lenders, which include JPMorgan Chase and Goldman Sachs, suggest that this week's trading frenzy has put a strain on the company, according to Bloomberg's Matthew Monks and Michelle Davis. 

https://www.msn.com/en-us/money/news/robinhood-is-reportedly-borrowing-at-least-several-hundred-million-dollars-from-banks-amid-gamestop-trading-frenzy/ar-BB1dbFGt

 

that's actually quite normal, especially for brokers the only difference is traditional brokerage houses sell treasury stock or tap 'other over load' lines.  RH borrowed based on the margin they allow, which is very generous, hence why they restricted stock.  msn article is the one that yahoo did, ignorance at it's best.

run on liquidity doesn't really happen like people think it does and rh is not a leh, bs etc, vastly different.  If rh restricts margin trading, all is good

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5 hours ago, Sniper said:

Silver going crazy. Many online suppliers were either cleaned out Fri and Sat., and now, have paused sales until the market opens later...

There's blood in the water...

Why would people by physical silver?

You're not gonna stick it to anyone doing that. They were eying up SLV to start a short squeeze on that fund. 

No one is gonna make money off physical silver when its purchased at a premium and sold at a discount. Sure it will drive prices up, but silver isn't rare enough for large buy backs. People are gonna get smashed when they try and sell it... no retailers are going to pay inflated market prices for it unless they beleive prices are stabilized. 

 

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