Stonk Madness

[fenders53]

(02-04-2021, 11:36 AM)crimsonghost747 Wrote:

(02-04-2021, 10:07 AM)fenders53 Wrote: Depends who's short numbers you believe. They already got killed for sure.  I think further damages will be mitigated as the new money Reddit dries up.  I see no major run higher.  We shall see. I'll check out your link.  Somebody is getting some heat behind the scenes.

Ohh yeah certain hedge funds definitely got killed during these past few weeks. Hopefully Robinhood too. 
But indeed it does look like the party is over. Too bad, I certainly had ridiculous amounts of fun with this.

Other than brand destruction Robinhood's loss is probably confined to margin losses fro those who walk away.  Fear of that had something to do with their sudden rule changes.  The sacrificed their customers to save themselves.  They didn't have to capital to allow such loose margin trading.  They got hit with the perfect storm.  What percentage of their daily trades involved stocks almost certain to lose minimum 50% of value within days?  

Don't confuse any of the above with feeling sorry for them.  I do hope we get to see some of the particulars involved soon.  It's likely to hurt future spec trading with tighter rules.