What Did You Buy Today?

[Otter]

(01-28-2021, 12:39 PM)fenders53 Wrote:

(01-28-2021, 12:25 PM)crimsonghost747 Wrote: I should add. I fully expect GME to crash to levels close to zero sometime soon. I hope it doesn't, but the reality is that the big guys often win in the end.

I'm just amazed by the community built around this. And I certainly hope that whatever happens, it'll cause some changes because obviously the people are not happy with how the market is being manipulated. And rightfully so.

At the very least, I expect the Robinhood IPO to erm... let's just say it might be quiet on that front for a while.

Yup, they threw their customer base under the bus when many were likely way too invested in the meme stocks.  They were all about the little investor until the chips were down.  They are going to suffer for this.  They should have let the SEC gradually bring this under control instead of folding to big money. Standby while another trading APP promises to never do this.

Yeah, Robinhood would be wise not to go public if a significant percentage of their former clients can afford to buy puts at that time. It's an online riot over at WSB.