That's exactly right. These guys are going to be out for blood too.
GME and AMC Reddit Traders getting Slaughtered
- Thread starter smallfil
- Start date
That's exactly right. These guys are going to be out for blood too.
Yea man I can’t imagine them recovering from this deal. Big opportunity for other brokers to develop a clean trading app and steal all of RH customers
The CNBC article that you linked says nothing about IBKR or TDA.
In a press release, Schwab and TDA have declared that they have NOT imposed any restrictions or limitations on long stock positions, except that certain stocks cannot be used as margin collateral. Schwab has stated that they have prohibited naked short calls on some stocks and raised margin requirements. But they have declared unequivocally that there are no limits on long stock positions purchased with cash or settled funds.
IBKR and RH may in fact be limiting purchases.
BMK
And they've now had to go out and spend big money on retainers for high dollar legal defense teams - they're getting the living shit sued out of them. Class Action(s). And the State of Texas. List will grow like GME's stock price last week. 
Cuban addressed this as well he said this: "And there will be class action suits. And they will be combined and they will win and you will get a check for less than $10"And they've now had to go out and spend big money on retainers for high dollar legal defense teams - they're getting the living shit sued out of them. Class Action(s). And the State of Texas. List will grow like GME's stock price last week.
Having to do Citadel's (and the rest of their HF clients) bidding essentially destroyed their business model. RH has alienated their client base IMO.
My guess is there's an attack on RH coming in the near future. That company would disolve overnight.
This is so true. Citadel is the culprit here. These call writers were getting scorched too.
There are so many plot lines to this story. What excites so many observers is that it has laid bare the Wall Street cabal for all to see.
There was never any justice or reckoning for 2008 and that continues to irritate many honest, hard working people whose lives and careers were wrecked in that.
There was never any justice or reckoning for 2008 and that continues to irritate many honest, hard working people whose lives and careers were wrecked in that.