Boiler Room: The Official Stock Market Discussion

[old pig]

Apparently robin hood restricted users from buying cciv towards the end of the day.

smh

did the other trading apps limit buys again today too (AMC, GME etc.) or just robinhood?

 

[Ozymandeas]

True. But I feel like whatever glitch in the matrix that allowed GME to explode out of nowhere, they aren't going to allow to happen to AMC.

Just seems like common sense to me when dealing with greedy hedge fund ppl...

But hey, I'm new...

It won’t happen with AMC. The stock might rise off hype but with GameStop retail investors literally have institutions stuck like a wounded animal. We don’t know how many funds are involved. And if those funds go down, it could ripple throughout the market, as they are counterparties to other people who owe money to other people and so on and so forth. Basically it’s a potential replay of Longterm Capital in 1998. That’s why RH, TD and IB are going nuclear trying to halt trading. We just gotta see how it plays out and how bad it ends. But AMC is different. With GME, they tried to short more than what was available, people caught on and raised the price of the brick.

 

[FaTaL]

smh

did the other trading apps limit buys again today too (AMC, GME etc.) or just robinhood?

Fidelity

 

[winb83]

Dough app has a black CEO. Might wanna take a look into it if leaving Robinhood.

 

[FrostBite]

What if everyone at the casino figured out a way to cheat the system inside the system and everyone started winning all at the same time ? As the CEO you're watching all your capital vanishing in an alarming rate? As a business you have capital requirements you have to meet to legally operate and you don't have infinite capital. You would just shrug your shoulders and go insolvent?

There were guard rails in their user agreement that accounted for this and he exercised them. The users agreed to it when they signed up to use their service. The legality of it will be answered in court but I'm thinking his actions will be upheld. These are the type of things businesses don't directly foresee happening but put wording in their user agreements to account for them.

Valid points. I don’t think the CEO should just shrug it off, but I also think it’s fair to expect that he accepts this is part of the risk he took. He also shouldn’t be surprised when his user base plummets after this.

 

[winb83]

Valid points. I don’t think the CEO should just shrug it off, but I also think it’s fair to expect that he accepts this is part of the risk he took. He also shouldn’t be surprised when his user base plummets after this.

There will be a heavy price. WSB has millions in it and many of them used Robinhood. They could easily lose a third of their customers in the next month.

 

[Cadillac]

Do yall think GTC is gonna see a uptick?

 

[princeofhaiti]

Pick a couple of index funds and solid stocks then dollar cost average. That formula is going to beat most day traders in the end.

^^^

 

[Saysumthinfunnymike]

Apparently robin hood restricted users from buying cciv towards the end of the day.

For what

 

[RickyGQ]

RH is only allowing people to buy 1 share of "the list" of stocks

Guess i'm gonna keep holding everything, can't see what these plays will do with artificially low volume

fukk them, i started with $100 on Wednesday, doubled it riding Nakd and SNDL, was pressed for the pump when they cut everyone off and i just said fukk it and dumped all my money into Doge. That shyt doubled. I fell asleep on that pump and missed out on making $800+. Tried to see what doge and AMC would do and lost about 80 today so i took my $100 back and then bought one GME out of spite. I’m going down with the ship brehs.
Btw, whole time i forgot i had a fidelity account for my jobs stock plan. I could have just used them this whole time

 

[Mirin4rmfar]

smh

did the other trading apps limit buys again today too (AMC, GME etc.) or just robinhood?

Changes due to ongoing market volatility | Robinhood


Symbol Shares Options contracts
AAL 1 10
ACB 1 Standard limits apply
AG 1 Standard limits apply
AMC 1 10
AMD 1 Standard limits apply
BB 1 10
BBBY 1 10
BYDDY 1 N/A
BYND 1 Standard limits apply
CCIV 1 Standard limits apply
CLOV 1 Standard limits apply
CRIS 1 Standard limits apply
CTRM 5 N/A
EXPR 5 10
EZGO 5 N/A
GM 1 Standard limits apply
GME 1 5
GTE 5 Standard limits apply
HIMS 1 Standard limits apply
INO 1 Standard limits apply
IPOE 1 Standard limits apply
IPOF 1 Standard limits apply
JAGX 5 Standard limits apply
KOSS 1 N/A
LLIT 5 N/A
MRNA 1 Standard limits apply
MUX 5 Standard limits apply
NAKD 5 N/A
NCTY 1 Standard limits apply
NOK 5 10
NVAX 1 Standard limits apply
OPEN 1 Standard limits apply
RKT 1 Standard limits apply
RLX 1 Standard limits apply
RYCEY 5 Standard limits apply
SBUX 1 Standard limits apply
SHLS 1 N/A
SIEB 1 Standard limits apply
SLV 1 Standard limits apply
SNDL 5 10
SOXL 1 Standard limits apply
SRNE 1 Standard limits apply
STPK 1 Standard limits apply
TGC 5 N/A
TIRX 1 N/A
TR 1 10
TRVG 5 10
TRXC 5 Standard limits apply
WKHS 1 Standard limits apply
XM 1 Standard limits apply
ZOM 5 N/A



A lot of them weren't meme stocks.

 

[FreshFromATL]

Why they limit CCIV? I wonder if they somehow got word the CCIV/Lucid merger is coming

 

[Mirin4rmfar]

For what

Market volatility

 

[NaijaProdigy Redux]

My god if I had equity in Robinhood I would be furious

 

[winb83]

Changes due to ongoing market volatility | Robinhood


Symbol Shares Options contracts
AAL 1 10
ACB 1 Standard limits apply
AG 1 Standard limits apply
AMC 1 10
AMD 1 Standard limits apply
BB 1 10
BBBY 1 10
BYDDY 1 N/A
BYND 1 Standard limits apply
CCIV 1 Standard limits apply
CLOV 1 Standard limits apply
CRIS 1 Standard limits apply
CTRM 5 N/A
EXPR 5 10
EZGO 5 N/A
GM 1 Standard limits apply
GME 1 5
GTE 5 Standard limits apply
HIMS 1 Standard limits apply
INO 1 Standard limits apply
IPOE 1 Standard limits apply
IPOF 1 Standard limits apply
JAGX 5 Standard limits apply
KOSS 1 N/A
LLIT 5 N/A
MRNA 1 Standard limits apply
MUX 5 Standard limits apply
NAKD 5 N/A
NCTY 1 Standard limits apply
NOK 5 10
NVAX 1 Standard limits apply
OPEN 1 Standard limits apply
RKT 1 Standard limits apply
RLX 1 Standard limits apply
RYCEY 5 Standard limits apply
SBUX 1 Standard limits apply
SHLS 1 N/A
SIEB 1 Standard limits apply
SLV 1 Standard limits apply
SNDL 5 10
SOXL 1 Standard limits apply
SRNE 1 Standard limits apply
STPK 1 Standard limits apply
TGC 5 N/A
TIRX 1 N/A
TR 1 10
TRVG 5 10
TRXC 5 Standard limits apply
WKHS 1 Standard limits apply
XM 1 Standard limits apply
ZOM 5 N/A



A lot of them weren't meme stocks.

Robinhood is finished. It's kinda sad but they were a small time broker that mostly served retail low dollar investors. They weren't built to deal with a situation like this.