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ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,114
Hm interesting. I probably won't invest in that because this is how Westworld and Jurassic Park start.
 

gangsterkathryn

저승사자
Oct 20, 2015
17,318
20,537
Hm interesting. I probably won't invest in that because this is how Westworld and Jurassic Park start.
I thought it was interesting, as well. I got the email because I have their service. I don’t know if it will start low since it is back by Sir Branson.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,624
59,526
For those with Robinhood accounts - Be careful. I just read an article about them completing trades on margin even when the account had available cash on hand. Margin purchases get charged interest.

I don't have a Robinhood account and don't know how to navigate their platform, but for those who do you might want to check it out.

I'm going to post this in both stock threads.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,624
59,526
Yea, I was just posting it for others who may be retarded and not know what it is.
I actually didn't know Robinhood was allowing people to go long on margin. That's usually reserved for shorts.
If people were purchasing stocks on margin with money they didn't have because it was a "sure thing" that it was going to go up - really dangerous situation. Nobody wants to get a margin call on a stock they bought for $300 that is now worth $70.

Actually sheds a little bit of light on why Robinhood chose to choke those transactions down - although restricting purchases to cash only would have made more sense.
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,114
I actually didn't know Robinhood was allowing people to go long on margin. That's usually reserved for shorts.
If people were purchasing stocks on margin with money they didn't have because it was a "sure thing" that it was going to go up - really dangerous situation. Nobody wants to get a margin call on a stock they bought for $300 that is now worth $70.

Actually sheds a little bit of light on why Robinhood chose to choke those transactions down - although restricting purchases to cash only would have made more sense.
Apparently it has to do with their instant transfer. My buddy opened an account in all this, knew the instant transfer would lead to margin buys (is that right?) but once his deposit cleared its been all cash. I just verified I have no margins on my TD account.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,624
59,526
Apparently it has to do with their instant transfer. My buddy opened an account in all this, knew the instant transfer would lead to margin buys (is that right?) but once his deposit cleared its been all cash. I just verified I have no margins on my TD account.
Good deal.
Yeah - it might be a situation where they are waiting for deposits to clear, so until they have real funds it's treated as a margin buy. That's legit.

But that's not what people on Reddit are claiming. They are saying all their transactions were set to margin even when they had available cash for the purchase. That's not the way it should be.

It's also the internet, so who knows what is true.

But I figured a heads up was in order just to make sure anyone with a Robinhood account wasn't getting shanghaied.
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,114
Good deal.
Yeah - it might be a situation where they are waiting for deposits to clear, so until they have real funds it's treated as a margin buy. That's legit.

But that's not what people on Reddit are claiming. They are saying all their transactions were set to margin even when they had available cash for the purchase. That's not the way it should be.

It's also the internet, so who knows what is true.

But I figured a heads up was in order just to make sure anyone with a Robinhood account wasn't getting shanghaied.
Oh I agree, I'd rather let people know so they can look into it. I'm guessing a lot of people didn't read the info when they signed up. Will be interesting to see how it plays out.
 

SoupCan

how bout dat
First 100
Jan 18, 2015
2,675
3,201
I'm in this bitch, successful meme trader here.

Only stock outside of GME that I have ever purchased has been in the company I work for WEF, bought those stocks when we were striking against them and bought at .62 now its 1.32

AMA, unless its stock related I am pretty much retarded
 

SoupCan

how bout dat
First 100
Jan 18, 2015
2,675
3,201
One serious note, do you see riases in Marijuana companies in Canada considering the states is legalizing?

I've been doing some thinking about and you know how everyone wants are canadian herb, only thing I can see is murica not being able to handle are even mildest stickest of the icky, like I mean you guys can't even handle our beer
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,624
59,526
One serious note, do you see riases in Marijuana companies in Canada considering the states is legalizing?

I've been doing some thinking about and you know how everyone wants are canadian herb, only thing I can see is murica not being able to handle are even mildest stickest of the icky, like I mean you guys can't even handle our beer
I own pot stocks and I don't smoke, yo.
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,114
Tesla with a nice pre market bump due to a 1.5 billion dollar purchase of Bitcoin.
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,114
Just sold MRNA for a nice 22.7% win. May get out of NNDM as well, I'm up 8% as it is.