• Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!

Misc Stock Market

DadOfJax said:
TELL looks coiled and ready to explode!
Click to expand...
Maybe but it's difficult to tell what is going to happen with any stock right now. I see very reliable TA guys saying stuff like "Ordinarily I'd list pivot points due to how the market is currently operating my models are probably off". It's crazy, unprecedented times.... I'm not sure if anyone even knows how it will effect the market as a whole. My guess is, collapse is coming..... some times got to burn the undergrowth so the forest can flourish again. (shorts are undergrowth haha)
 
metwannabe said:
Maybe but it's difficult to tell what is going to happen with any stock right now. I see very reliable TA guys saying stuff like "Ordinarily I'd list pivot points due to how the market is currently operating my models are probably off". It's crazy, unprecedented times.... I'm not sure if anyone even knows how it will effect the market as a whole. My guess is, collapse is coming..... some times got to burn the undergrowth so the forest can flourish again. (shorts are undergrowth haha)
Click to expand...
What is your MVIS guru saying?
 
Round Oak Weather- Zeb said:
I really should’ve sold 2 days ago just before close. I was up 20% but I believed yesterday was gonna be the big jump until Robinhood decided to kill the momentum
Click to expand...

Yeah. Me too. Waited too long. Robinhood really screwed a lot of people. What did we expect? Honestly, no one saw Steve Cohen throwing $750 million at Melvin Capital to bail them out for shorting GME. That jackass should be using his $750 million to make his newest acquisition, the NY Mets better through free agency. It's not like they can compete in the NL East with the Braves, Phillies, Nats, and even the upstart Marlins. Other than deGrom and Syndergaard, what do they have?
 
Rain Cold said:
What is your MVIS guru saying?
Click to expand...
I'll just post one's comments from over on Reddit..... dude has been spot on and trusted info.

Morning everyone,

Market uncertainty and changes in several brokers trading software prevented or discouraged trading from potentially millions of retail investors in the past day. Things have been rather wild as a result, and created an environment of heightened volatility. Any number of things are possible today with MVIS as a result.

Usually post some pivots, but I do not believe anything the algorithms are pumping out are near correct right now. Price had been heavily controlled under Short Sale Restriction for the past 2 days, in a move similar to what happened directly after the spike to 9.74. While annoying, this has become a pattern at this point, so at least somewhat predictable which I shall be sure to note here in future movement.

Break point above is still 8.55, while below we have one at 6.53. Continued movement upward is strongly expected when we break through 8.55, pushing through the 9.74 on momentum easily afterward. A breakdown of the position is possible below 6.53, please remember where I said we didn't want to drop below 5.50 so long ago... this is kind of the same thing. Anything we have to do to maintain over 6.5x close right now is probably worth it to keep the trend intact. This may not end up being an issue, but worth knowing what the stakes are.

Shares "available" on the IBKR is 2.9 million as of last night, but only 450k on Fidelity as of then. Given the disparity and the price movement, I expect Fidelity's is more accurate, but even that may not end up being available by the end of this all. Trade or invest smart everyone!
 
Well this has been a fun few days. How you boys even doing shorts on RH? Didn't they stop same days trades before all this?
 
smast16 said:
Well this has been a fun few days. How you boys even doing shorts on RH? Didn't they stop same days trades before all this?
Click to expand...
I stopped trading at all on RH, opened up a Webull account a few weeks back to do any trading.... I'm transitioning from RH altogether.
 
Sold half of my position of TELL today. I’ve been lucky to meet a guy ( runs gym here ) who has done well for himself in life ( multi millionaire ) . He gave me the advice , sell half when your up don’t get greedy. So I did just that. It’s still my biggest position tho, 356 shares left riding in it .

Oh and he plans on taking me to angus barn ... the most expensive restaurant out in the triangle . Networking with the right people can be amazing .
 
Last edited:
Took a large position on what I thought was a good dip this morning then the market took a ----. Bailed after the flash crash. Waited on it to recover a hair before I took my $400 loss. GME is unphased. Market appears to be in trouble. #IKnewBetter
 
Jimmy Hypocracy said:
Took a large position on what I thought was a good dip this morning then the market took a orange. Bailed after the flash crash. Waited on it to recover a hair before I took my $400 loss. GME is unphased. Market appears to be in trouble. #IKnewBetter
Click to expand...
Rain cold plans to meet with us to teach us how to be millionaires like him. Cant wait
 
I think they're going to suspend GME this weekend for a while (although the volume there has calmed down over the past couple days) and you're going to see bigger money quietly exit the market during one more rally kind of like what we saw for nearly 3 months for a few weeks in February.

If they had just let it go, based off what I can understand, it would've been an absolute dumpster fire. It possibly could cause a liquidity crisis. So they're going to let big money prepare and then let the market tank.
 
Yeah I don't have Robinhood. I have a TDA and Schwab account, but this story is still so interesting that they might be having significant issues.

I'm thinking that I might need to get out of a couple of my more "fun" things in Schwab soon (though my more "fun" things are boring compared to the GME story LOL) and read up on hedging with the other.

But really, something that last year taught me is I need to use more patience. Maybe the Citadel stuff I've heard about is false, who knows...
 
GeorgiaGirl said:
Yeah I don't have Robinhood. I have a TDA and Schwab account, but this story is still so interesting that they might be having significant issues.

I'm thinking that I might need to get out of a couple of my more "fun" things in Schwab soon (though my more "fun" things are boring compared to the GME story LOL) and read up on hedging with the other.

But really, something that last year taught me is I need to use more patience. Maybe the Citadel stuff I've heard about is false, who knows...
Click to expand...

Make sure you get all your ducks in a row and protect the cash you can't afford to lose at all costs. I always say to never bet what you can't afford to lose.
 
Shawn said:
Make sure you get all your ducks in a row and protect the cash you can't afford to lose at all costs. I always say to never bet what you can't afford to lose.
Click to expand...
Plus, there are a bunch of quacks on Twitter, saying all kinds of unconfirmed stuff.
 
GME is completely unphased by what’s going on in the broader market. This 100% exposes how fake the stock market really is. When they say your stocks can go up, that’s when they go up. When they say it’s time to go down, there they go. They lost total control of GME and we are now living in the upside down. I’m loving every minute of it.
 
Ummm...

CNBC Now on Twitter: "BREAKING: Robinhood now limiting trading in 50+ stocks, including GM, Beyond Meat, and Starbucks https://t.co/x7Ql64EzKv https://t.co/8WhAxy61sp" / Twitter

I think Robinhood is f'd folks. Vlad has to be lying through his teeth. They have to be toast with this just being damage control before they go bankrupt soon. Guessing that Citadel is also having significant issues, and that's a freaking market maker. It's amazing that I'm really not hearing much on this topic here, as this is an absolutely massive issue.

My next question since I've never touched Robinhood would be is money in Robinhood even FDIC insured?

I think y'all did, but anybody that didn't that was in Robinhood needs to get out.
 
GeorgiaGirl said:
Ummm...

CNBC Now on Twitter: "BREAKING: Robinhood now limiting trading in 50+ stocks, including GM, Beyond Meat, and Starbucks https://t.co/x7Ql64EzKv https://t.co/8WhAxy61sp" / Twitter

I think Robinhood is f'd folks. Vlad has to be lying through his teeth. They have to be toast with this just being damage control before they go bankrupt soon. Guessing that Citadel is also having significant issues, and that's a freaking market maker. It's amazing that I'm really not hearing much on this topic here, as this is an absolutely massive issue.

My next question since I've never touched Robinhood would be is money in Robinhood even FDIC insured?

I think y'all did, but anybody that didn't that was in Robinhood needs to get out.
Click to expand...
Trying to move to WeBull but I’ve got some trades to settle in Robinhood before I do
 
GeorgiaGirl said:
I think Robinhood is f'd folks. Vlad has to be lying through his teeth. They have to be toast with this just being damage control before they go bankrupt soon. Guessing that Citadel is also having significant issues, and that's a freaking market maker. It's amazing that I'm really not hearing much on this topic here, as this is an absolutely massive issue.

My next question since I've never touched Robinhood would be is money in Robinhood even FDIC insured?

I think y'all did, but anybody that didn't that was in Robinhood needs to get out.
Click to expand...

They are not FDIC insured, but they are SIPC insured. SIPC is pretty much the FDIC of the investing side of banking.

Robinhood almost surely is done after this. People need to be using a brokerage firm (TD Ameritrade, Fidelity, etc). I have TD and they set some limits today, like no margin buying and limited option trading, but regular people should not be margin buying or buying crazy options anyway. That's why you may see pictures of Robinhood selling someone's position without permission. It's because they got margin called and it is in any broker's right to liquidate positions to pay back the margin loan.

Note: I've heard if you transfer your positions from Robinhood to another trading platform, your positions are frozen for up to 15 days until the transfer is complete. Normally this wouldn't be an issue, except for the insane volatility of GME and the like can cause you to miss out on selling. By the time you have control of your shares, it very well be too late.
 
You must log in or register to reply here.
Back
Top