Robinhood Caps Maximum Holdings In 36 Stocks To Just One Share

destriero said:
I heard from a buddy that 6% of RH accounts went debit this week.
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Gonna get worser. Those ol' stimulus checks can only go so far! I saw it in 99-2000, and I'm seeing it now. Que the ads of the mailroom guy showing the boss how to buy stocks, so he can own a private island... :rolleyes:
 
The SEC is going to make all meme stocks trade on a cash basis. So no more 4X intraday and 2X overnights. You want to short it? Sure, it's now a HTB stock and you'll be charged 500% PA while earning 1% on your credit balance.
 
destriero said:
The SEC is going to make all meme stocks trade on a cash basis. So no more 4X intraday and 2X overnights. You want to short it? Sure, it's now a HTB stock and you'll be charged 500% PA while earning 1% on your credit balance.
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But they are not just trading the outright but options as well.
 
Robin Hood + Reddit + StockTwits and this entire GME situation have been great for the market. It's similar to online poker after Chris Moneymaker won, when volume exploded. Sure, how much you like it depends on what type of trader you are because the game has changed, but look at GME with its 900+ IV. It's created some really fun trading this entire week for me, and all my non trader friends who usually yawn at this type of stuff are drilling me with texts and email and inviting me to meals so they can ask questions about this. This is good for all of us.
 
Per
Cisco34 said:
Robin Hood + Reddit + StockTwits and this entire GME situation have been great for the market. It's similar to online poker after Chris Moneymaker won, when volume exploded. Sure, how much you like it depends on what type of trader you are because the game has changed, but look at GME with its 900+ IV. It's created some really fun trading this entire week for me, and all my non trader friends who usually yawn at this type of stuff are drilling me with texts and email and inviting me to meals so they can ask questions about this. This is good for all of us.
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Perhaps. But it could drive people to crypto and other decentralized markets I suspect. People are sick of the nanny state. PDT rules, intraday halts for no good reason, restricted trading rules, etc.
 
Goes without stating that GME is garbage. Retarded Quora guy's missive about it being the next TSLA is hilarious. He's long from $300 and too pot committed to admit he missed it. At least KOSS makes quality cheap headphones.

The fundie argument needs to fuck straight off.

1) GME rallied on the PS5 and XBOX introduction but never got above $20. 2) This has nothing to do with consoles. 3) Stores are empty. 4) Makes the case for DVD sales? Stores are empty. 5) Online sales? Getting creamed by self-published downloads and Steam/PC gaming demographic growth. All of the growth is on the PC side and 70% of console games are downloaded.

It was a stupid long at $20 absent the WSB collusion. Remove the memestonk BS and it's maybe a $20 stock.
 
destriero said:
The SEC is going to make all meme stocks trade on a cash basis. So no more 4X intraday and 2X overnights. You want to short it? Sure, it's now a HTB stock and you'll be charged 500% PA while earning 1% on your credit balance.
More...

I have an issue here dest. How would they implement it? What differentiates AAPL which frequently pops up on WSB, vs GME? Who decides? WSB?

Is the SEC going to parse WSB each day from what is a meme stonk? I can't see it being practical.
 
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