https://www.marketwatch.com/story/a...ort-selling-reports-11611931285?siteid=yhoof2 Wouldn't have happened in the first place if he kept quiet and didn't make himself a target. I actually agree with his analysis, just can't stand him.
What about the Reddit posters? They spread lies and disinformation. There is talk now of suing Robinhood. That is a hoot. Looks like a lot of these traders who believed in the Reddit posts of hurting those big evil hedge funds got their heads handed back to them. Robinhood took a $100 million line of credit just yesterday. I imagine these traders who lost most of their monies are not going to be trading for a long while. It is for their own good actually. They should thank Robinhood for shutting down their accounts so that, they do not incur more losses. Nobody is blaming the Reddit posters for their lies and disinformation, not a single one of these traders who lost most of their monies. Go figure out that one.
Right. You want to be with this guy and his "multibaggers". Most who tout their trades brag about their "double digit" winners.
Really don't understand GME shorts - at least ones who were still in it in recent weeks. Nov '13 high was $57.74 jump ahead years later Apr'20 low was $2.57 WTFack trying to get blood out of stone ... burned them. Too bad.
I generally agree but Robinhood should’ve let this play out on its own. Now anyone can speculate that however they’ve lost money it’s RH’s fault.
They cannot allow the traders to keep trading on margin when they have lost so much monies already. Those monies will be eaten by Robinhood because those small traders do not have monies to cover their huge losses. At some point, Robinhood will probably, go after those traders to pay up. Small traders pain is just starting. This is a very expensive lesson for them.