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It hit 500 this morning at 7
Stock Market/Investing
- Thread starter knoxville7
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TD Ameritrade doing the same thing.
WestCoastBearsFan
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somebody is going to sue the balls off robinhood for this
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Probably not... lawyers are gonna lawyer.
They have many layers with which to **** the peasant class.
They can over-leverage and make wild market bets, and then have the tax-payer cover their losses.
If you try to regulate their misbehavior, they will use their money on lawyers and lobbyists to stop you.
If you succeed in regulating them, they will buy enough politicians (they have, Citizens United) to get rid of regulations.
If you use their tactics against them, they will manipulate the game so you cannot.
If you sue them for that manipulation, they have lawyers and user agreements, and lobbyists, and the SEC, and CNBC/media.
But none of this is insurmountable, none.
Redditors should continue to use Wall Street's tactics against them.
Robinhood won't have a business if they **** their customers, and neither will any of the other trading platforms if they decide to do the same shit.
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I don't know that this is illegal.
WestCoastBearsFan
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it’s certainly stock manipulation at bare minimum no?
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I love when you guys break out the perspective, education, and calm through all this.
I realized recently what a warm place I had in my heart for Scoot. I should re-warm places for everyone, especially the "smart enough and educated" I seem to clash heads with. Its rigidity and ego that sets me off no matter their stance, but obviously my problem and not someone else's.
WestCoastBearsFan
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redditors are already moving to different platforms.
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You can make a case for it.
I don't know if the law can.
I'm not up to par on the financial markets legal speak.
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Robinhood can walk into court and say "We were concerned the SEC might find criminal activity in the trading around these stocks, and as such we exercised our right to limit or halt trading of certain stocks. Our users were still able to close out those positions, and they have plenty of other options on the open market if they wished to pursue other avenues to trade certain stocks."
I don't think you understand how law actually works in situations like this one.
And even if the justice system came down on the side of Robinhood traders, it would require an enormous amount of time and money to pay lawyers to argue the case against Robinhood's team of lawyers over the course of years.
WestCoastBearsFan
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I was already moving off robinhood because they suck lol
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How long till someone builds a decentralized trading platform that becomes like a pirate-trader haven, and they name it Tortuga?
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I bought premarket on TDA this morning...no problem
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It might be prudent to actually buy puts if they are cheap soon, if that is even possible. Short the inevitable bubble burst, when bagholders are running for the exits.
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I guess they removed it today. They were talking about it on Bloomberg yesterday that TDA had limited GME.
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AMC tanking hard
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i saw a little blurb at the top of my homescreen yesterday but I'm not sure who they are targeting? I was able to buy last night no problem. I held 5 shares ovet night at 307.00. woke up and it was 4 something. I sold and bought right back in and sold again at exactly 500.
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I dont play options at all. I bought the physical shares and sold. I made two round trips this morning and held overnight. I'm already out.
Options are too hard for me to keep track of.