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Leon Troutsky

Pure Football
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Everything posted by Leon Troutsky

  1. I agree with you about Robinhood changing the rules in the middle of the game. But the Gamestop thing was absolutely a get rich quick scheme and people should have known that. The stock was skyrocketing for reasons other than business practices and normal economics. And it was always going to crash at some point. So the gamble is that you made big gains and sold before everybody else did and the stock crashed. It’s just that Robinhood and others took steps to ensure that the price crashed because of their manipulation of access to buying those stocks. Which, again, is disgusting and
  2. A lot depends on the goal. Etrade has been fine for me because I’m not doing day trading (other than yesterday/today). I wanted to buy some Apple stock last year to hold for several years. For people who want to do day trading or more frequent investments, I don’t think Etrade or RH are good options. I know that Etrade can be very slow when it comes to bank transfers and sometimes even purchases.
  3. Yeah, the Robinhood and TD Ameritrade shenanigans are disgusting. And if there was ANY collusion with hedge funds and these apps then people should go to jail. But people who went into this to pay bills and so forth...they should know better. I can’t blame anyone but them for that. Maybe there should have been more people telling them why it’s a bad idea to plan your future on this kind of scheme, but ultimately you don’t invest money you don’t have to lose. It’s really that simple. That said, whether they should or shouldn’t have invested, I do hope these apps and brokerage co
  4. I wouldn’t do business with Robinhood after this. I don’t know if etrade has the same restrictions, but if they do then I’ll wait for a good opportunity to close our my account with them and go elsewhere.
  5. We’ll see. Rashida Tlaib calling for congressional hearings and investigations into RobinHood owners.
  6. Also GDP shrank last year by 2.5%... Despite a strong rebound in the second half of last year, the economy contracted 3.5% in 2020, measured year over year, the first decline since the financial crisis and the largest since 1946. Measured from the fourth quarter to the same quarter a year ago, the economy shrank 2.5%.
  7. So Robinhood prevented people from buying, but still allowed them to sell... https://www.theverge.com/2021/1/28/22254102/robinhood-gamestop-bloc-stock-purchase-amc-reddit-wsb ^^^That should be illegal, if it’s not already.
  8. Honestly, if people were dumping life savings or even money they otherwise needed into this thing then they have no business investing. You can’t blame the Reddit people for that. I do think that it’s disturbing that the broker apps shut down trading on specific stocks. What I’m trying to determine is if they only restricted buying, but allowed selling, or if they restricted all trading. Because if they only allowed people to sell, then that would be market manipulation designed to push the price down. I would hope that would actually be illegal. But otherwise, I still think
  9. The comments on the Wallstreetbets reddit are kind of hilarious. Half of them panicking and half of them telling everyone not to sell or even to buy as the stock crashes. https://www.reddit.com/r/wallstreetbets/comments/l71c4z/gme_megathread/ Wonder how much the hedge funds are making shorting GME now.
  10. I’ve been reading a few articles on CNBC about the Reddit stuff and some of the people commenting on this are complete condescending, pompous ***holes. And that’s saying something coming from me. A few examples... “There’s got to be some regulatory effects somewhere. This is market manipulation,” Sherman said. “These things just can’t continue to persist. It is some form of collusion. But I don’t know if it’s prosecutable.” “They may make a poster child out of someone on this,” he said of regulators. The Securities and Exchange Commission did issue a statement saying it
  11. Yeah, that’s why I didn’t get in on Gamestop. I’ve got so little in AMC and Nokia that I could lose the entire amount and not miss it. So I’m going to stick with it and see if it goes up like Gamestop did. But again, I went in with the full expectation that I could lose all or most of the tiny amount I put into those stocks.
  12. Will they accept a hand-written note from the owner scribbled on the back of a napkin? Also, does the napkin need to have the company logo on it?
  13. Also this... (CNN) Senate Republicans plan to object to any efforts to quickly confirm Alejandro Mayorkas as secretary of Homeland Security, further delaying his confirmation as the department grapples with the Covid-19 pandemic, national security concerns and President Joe Biden's ambitious immigration plans. In confirming the GOP's plans to filibuster, Republican Sen. John Cornyn of Texas told reporters Wednesday on Capitol Hill that "there's a number of problems" with Mayorkas' nomination. Senate Majority Leader Chuck Schumer has pushed to have Mayorkas confirmed quickly, but
  14. Yeah, but looks like it’s dropping in after hours trading.
  15. Huh... The Biden administration is moving forward with the creation of a bipartisan commission to study reforms to the Supreme Court and the federal judiciary. The commission will be housed under the purview of the White House Counsel’s office and filled out with the behind-the-scenes help of the Biden campaign’s lawyer Bob Bauer. Its specific mandate is still being decided. But, in a signal that the commission is indeed moving ahead, some members have already been selected, according to multiple people familiar with the discussions. Among those who will be on the commission ar
  16. I get the concern about the Gamestop thing, but I’m also cracking up at the image of a video game nerd in his mother’s basement spending his game money on stock and now having enough money to buy his parent’s house. The whole thing is hilarious. Also disturbing. But mostly hilarious.
  17. Biggest problem that I see now is that the reddit forums are getting flooded with people posting about all these other stocks. Hard to tell which ones are the real focus and which ones are diversions and which ones are just outright BS.
  18. Same here. I’ll be happy with a few pennies from an AMC surge, though. Actually, I’ve got so little invested in AMC that it doesn’t really matter what it does. Just having fun watching these video game nerds on reddit ****ing up billion dollar hedge fund companies.
  19. On the reddit forum they’re claiming that they’re going to push Gamestop to $1000 a share. I ain’t touching that **** right now, though.
  20. Yeah, and most of them take awhile to get your funds ready to invest. My etrade account took about a week before they got the funds from my bank to the account. So you’ll likely miss out on the AMC run going on now. Might be worth opening an account though even if you miss out on the current reddit thing. You can still by a few stocks for the long term. I put a few hundred in Apple stocks last year, for example, with the intention of holding onto it for several years. Not a day trading thing, in other words. I’m not familiar with other services beyond etrade, and I can tell you that
  21. Same here. I just got in at $13.50 a share. Apparently they stopped the trading on the stock for a bit.
  22. I just logged onto etrade and apparently the website crashed. There’s a note about high trade volumes.
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