Author Topic: Stocks (Read 1201302 times)

Mordyk · « **Reply #5280 on:** January 28, 2021, 06:19:43 PM »

Lol
Open, close, High, low, at close, after hours

sddd · « **Reply #5281 on:** January 28, 2021, 06:21:17 PM »

Quote from: madhocker on January 28, 2021, 04:57:08 PM

Can someone explain why these stocks seem to fly in AH trading. Are there no sellers AH, or that secondary markets don't control the spreads as closely.

less liquidity AH so its easier to move.
RH reopening also positive.

VacationLover · « **Reply #5282 on:** January 28, 2021, 06:54:34 PM »

Should I take the gamble and invest in silver?

https://amp.benzinga.com/amp/content/19360995

ShimshonK · « **Reply #5283 on:** January 28, 2021, 07:40:47 PM »

Quote from: PlatinumGuy on January 28, 2021, 03:15:23 PM

https://twitter.com/samsacks/status/1354880694846173187

‘The little guy’

Well, the largest shareholder of every stock is probably a billionaire, or at least, a very rich millionaire...

ExGingi · « **Reply #5284 on:** January 28, 2021, 11:32:28 PM »

https://twitter.com/ritholtz/status/1354748865480712198

aygart · « **Reply #5285 on:** January 28, 2021, 11:41:33 PM »

Quote from: ExGingi on January 28, 2021, 11:32:28 PM

https://twitter.com/ritholtz/status/1354748865480712198

Makes sense for someone who doesn't understand the hypothesis.

PlatinumGuy · « **Reply #5286 on:** January 29, 2021, 01:19:01 AM »

Markets are efficient in the end. Manias happen but eventually settle. There is no telling if it stops tomorrow or in 10 years, $500 or $50,000, but this stock will crash.

I doubt professional Wall Street firms are still involved, it's just a mad mob waiting to trample over each other on the way down while they keep on blaming the elites for doing it to them.

Zalc · « **Reply #5287 on:** January 29, 2021, 02:04:27 AM »

Seems like this is the biggest natural experiment for the "prisoners dilemma"...

PlatinumGuy · « **Reply #5288 on:** January 29, 2021, 02:38:46 AM »

https://twitter.com/eringriffith/status/1355032469305626624

stooges44 · « **Reply #5289 on:** January 29, 2021, 08:03:04 AM »

https://www.cnn.com/2021/01/29/investing/wallstreetsbets-reddit-culture/index.html

yos9694 · « **Reply #5290 on:** January 29, 2021, 09:42:36 AM »

(Not OC)
This pandemic has been tough for you ordinary people, so here's $600, and if you invest it wisely you could one day WAIT NOT LIKE THAT

aygart · « **Reply #5291 on:** January 29, 2021, 10:03:50 AM »

https://threadreaderapp.com/thread/1354952686165225478.html
https://threadreaderapp.com/thread/1355035563368321027.html

https://www.nytimes.com/2021/01/29/technology/robinhood-fundraising.html

Yehuda57 · « **Reply #5292 on:** January 29, 2021, 10:35:30 AM »

Quote from: aygart on January 29, 2021, 10:03:50 AM

https://threadreaderapp.com/thread/1354952686165225478.html
https://threadreaderapp.com/thread/1355035563368321027.html

https://www.nytimes.com/2021/01/29/technology/robinhood-fundraising.html

The question is, if this is the truth, why didn't they say any of this and let the speculation and rumors run wild?

Euclid · « **Reply #5293 on:** January 29, 2021, 10:38:02 AM »

Quote from: Yehuda57 on January 29, 2021, 10:35:30 AM

The question is, if this is the truth, why didn't they say any of this and let the speculation and rumors run wild?

Admitting that they have liquidity problems isn't good either.

Yehuda57 · « **Reply #5294 on:** January 29, 2021, 10:40:26 AM »

Quote from: Euclid on January 29, 2021, 10:38:02 AM

Admitting that they have liquidity problems isn't good either.

Admitting they have a liquidity problem to cover billions during a once-in-a-lifetime trading crunch is a bigger problem than conspiring with Hedge funds and government regulators to stop trading, force selling, and who knows what else?

Euclid · « **Reply #5295 on:** January 29, 2021, 10:42:09 AM »

Quote from: Yehuda57 on January 29, 2021, 10:40:26 AM

Admitting they have a liquidity problem to cover billions during a once-in-a-lifetime trading crunch is a bigger problem than conspiring with Hedge funds and government regulators to stop trading, force selling, and who knows what else?

Not for future investors in Robinhood. They have an IPO coming up and need to protect their reputation.

That's the explanation I read online - not an expert...

Yehuda57 · « **Reply #5296 on:** January 29, 2021, 10:45:25 AM »

Quote from: Euclid on January 29, 2021, 10:42:09 AM

Not for future investors in Robinhood. They have an IPO coming up and need to protect their reputation.

That's the explanation I read online - not an expert...

Well, if the purpose of your company is to give the average Joe the opportunity to trade, and a massive story breaks that threatens to break the trust in your service from your users and decimate your user base, that's gonna be amazeballs for your investors too.

Yehuda57 · « **Reply #5297 on:** January 29, 2021, 10:47:01 AM »

And what, they thought they'd get a billion invested and future investors wouldn't notice that they needed it because of liquidity issues?

Yehuda57 · « **Reply #5298 on:** January 29, 2021, 10:51:43 AM »

Well, looks like they actually did put out such a statement (albeit more vaguely):

https://blog.robinhood.com/news/2021/1/28/an-update-on-market-volatility

Still, it came at almost the end of the day and long after the rumor mill had run wild.

yos9694 · « **Reply #5299 on:** January 29, 2021, 10:57:53 AM »

Quote from: Yehuda57 on January 29, 2021, 10:45:25 AM

Well, if the purpose of your company is to give the average Joe the opportunity to trade, and a massive story breaks that threatens to break the trust in your service from your users and decimate your user base, that's gonna be amazeballs for your investors too.

It's not a good value prop anyway because all the big brokers copied the features that made trading more accessible to average Joes (e.g. $0 commissions, partial shares). It would never have happened without RH but right now Fidelity and Vanguard are just as accessible to low NW traders as RH, so what's the attraction to RH anymore? The only major difference now is the UI and the fact that RH doesn't ordinarily stop their customers from gambling situations (while Vanguard completely disallows ultra high risk and Fidelity makes you fill out forms and be reviewed first), neither is enough to make me believe in their IPO.