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Robinhood(and others) block GME, BB, NOK, and AMC

Discussion in 'Stocks & Investments' started by 5nahalf, Jan 28, 2021.

  1. Jan 28, 2021 at 10:23 AM
    #21
    bretts

    bretts Well-Known Member

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    Complete transparency... I opened my account to jump on a few shares of GME, but RH would not let me add funds due to "server errors"... I took that as a sign that GME was not in the cards for me. Now, today, you cannot even buy it on their platform. Scummy as hell. They did some how take money out of my account at 1:47 am this morning (so much for server errors?) so they clearly want my money. LOL.
     
  2. Jan 28, 2021 at 10:27 AM
    #22
    5nahalf

    5nahalf [OP] I build dumb things

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    Yes, Robinhood is colluding to stop people from ruining these hedge funds. I just opened a webull account, but it takes 2 days (maybe more as others are jumping ship to go to webull)
     
    Beretta4x4 likes this.
  3. Jan 28, 2021 at 10:29 AM
    #23
    bretts

    bretts Well-Known Member

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    Once you have some time working with webull let me know your thoughts. RH could be dead after all this. :)
     
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  4. Jan 28, 2021 at 10:30 AM
    #24
    snozberries

    snozberries is forever trying to find a campsite

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  5. Jan 28, 2021 at 10:30 AM
    #25
    5nahalf

    5nahalf [OP] I build dumb things

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    They for sure could be dead after this. They made a big mistake here. My application is processing right now, so hopefully It goes through fast so I can jump in more.
     
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  6. Jan 28, 2021 at 10:38 AM
    #26
    Hextall

    Hextall Well-Known Member

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    While the current volatility and price movements are not about the fundamentals of GME, GME recently has new board members, a few from Chewy. These people purchased quite a few shares last year (I believe) and are poised to pivot GME into something they are not.
     
  7. Jan 28, 2021 at 11:35 AM
    #27
    Hextall

    Hextall Well-Known Member

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    boston23 and Beretta4x4 like this.
  8. Jan 28, 2021 at 11:36 AM
    #28
    5nahalf

    5nahalf [OP] I build dumb things

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    So reading, looks like robinhood blocked deposits in prep for shutting down GME today. There are many others saying their deposits didnt go through and their buy orders were cancelled.
     
  9. Jan 28, 2021 at 11:41 AM
    #29
    Afilao

    Afilao Tacoma Driver

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    I thought webull wasn't allowing people to buy GME. are they?
     
  10. Jan 28, 2021 at 11:42 AM
    #30
    5nahalf

    5nahalf [OP] I build dumb things

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    They are doing it one sided, you can sell but cant buy. You cant even search for GME, BB, BBBY, AAL, or NOK. Lawyers and many people in government feel this is a breach of the free market.

    Robinhood has no problem when you make a terrible financial choice and loose everything, but when their own money is on the line then they will block you from doing so.
     
  11. Jan 28, 2021 at 11:42 AM
    #31
    Hextall

    Hextall Well-Known Member

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    They just announced they are not.
     
  12. Jan 28, 2021 at 11:43 AM
    #32
    5nahalf

    5nahalf [OP] I build dumb things

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    Not sure yet, there are reports that people can get AMC still on there, but I have not heard anything on GME
     
    Afilao[QUOTED] likes this.
  13. Jan 28, 2021 at 11:44 AM
    #33
    Hextall

    Hextall Well-Known Member

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  14. Jan 28, 2021 at 11:46 AM
    #34
    5nahalf

    5nahalf [OP] I build dumb things

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  15. Jan 28, 2021 at 12:12 PM
    #35
    jandrews

    jandrews Hootin' and Hollerin'

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    I'm in on this gamble (clarification: GME short squeeze) with a small position (5k or so) at about 300/share for funsies. If he dies, he dies.

    The internet lost it's fucking mind when all the Apex-Clearing backed brokers locked down opening new positions in the short-fighting meme stocks.

    This is a great example of why you should only be dicking around with high risk plays using what you won't miss if it goes to $0. High risk shit goes sideways for the retail investor far more often than it pays off.

    Also, shout out to Vanguard, owned by the shareholders of its funds, for absolutely zero trickery or BS through this whole thing.


    P.S. if any of the rest of you are retarded enough to ride this ride, don't forget about short term cap gains taxes.
     
  16. Jan 28, 2021 at 12:23 PM
    #36
    5nahalf

    5nahalf [OP] I build dumb things

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    I can stay retarded for longer than they can stay solvent. I put in enough that I wont miss yesterday, planned to dump more today till they locked the door.
     
  17. Jan 28, 2021 at 3:19 PM
    #37
    5nahalf

    5nahalf [OP] I build dumb things

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    Robinhood has opened trading back up for "limited buys" for tomorrow.... Im going to max that limit out on open.
     
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  18. Jan 28, 2021 at 3:20 PM
    #38
    jandrews

    jandrews Hootin' and Hollerin'

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    Diamond hands.
     
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  19. Jan 28, 2021 at 3:24 PM
    #39
    Beretta4x4

    Beretta4x4 What makes the green grass grow? TTC#0114

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    Good luck, warriors.
     
  20. Jan 28, 2021 at 7:32 PM
    #40
    Reh5108

    Reh5108 Well-Known Member

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    History in the making folks. Its going to be very interesting to see how this all pans out!
     
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