4 ms·

There is no buy button on the page. I cannot purchase the stock. "This stock is not supported on Robinhood".

Av8or1ab 6y ago
I'm seeing that on BB, BBBY, NOK, NAKD, AMC, and GME.
arcticbull 6y ago
Yep, that's a new development. It looks like APEX Clearing, which Robinhood used to use - and probably still does, though they've been developing their own clearing system at home - has blocked all transactions in these shares.
- rglullis 6y ago
  Interactive Brokers also stopped trading, Chairman goes on TV to say "will resume when market goes back to normal and GME is again at $17." "Why? Honestly, to protect ourselves." The foxes are guarding the henhouse. They always were, at least now is getting easier and easier for people to see it. But please, continue bashing crypto and those working on it...
  - arcticbull 6y ago
    Yep, I just noticed, oof. This has nothing to do with my opinions on crypto. The level of scamming, stealing and corruption in the crypto market is orders of magnitude higher than anything Peterffy admitted to on CNBC. You know this. Bitfinex literally stole 36% of everyone's assets on deposit when they got hacked in 2016. [1] Not just the asset class that was hacked. All assets. Then they issued "tokens" redeemable for equity in Bitfinex valued at $1 each, which turned a $72 million dollar loss into a $72 million dollar valuation for Bitfinex. Then one of their clowns [Giancarlo Devasini IIRC] is recorded saying "the best way to get your money back is to sell your Bitfinex equity tokens to someone else before they realize what's going on." Of course, Coinbase is widely rumored to have told Bitfinex to get stuffed, and didn't take a 36% haircut at all (an institutional leaving you hanging?! in crypto?! gasp). Why no haircut for Coinbase you might you ask? Because it's fraud, a type of fraud called fraudulent conversion [2]. That behavior is the essence of the crypto space. Peterffy is saying you're welcome to close your position but don't open anything new right now. Do I agree with that? No. Does it hold a candle to anything in the crypto space? Not a chance. I don't criticize most people who are genuinely looking to improve crypto, I think they're misguided and wasting everyone's time, but that's not the same thing. They're free to spend their time how they wish. [1] https://www.reuters.com/article/us-bitfinex-hacked-hongkong/bitfinex-exchange-customers-to-get-36-percent-haircut-debt-token-idUSKCN10I06H https://www.reuters.com/article/us-bitfinex-hacked-hongkong/... [2] https://definitions.uslegal.com/f/fraudulent-conversion/#:~:text=Fraudulent%20conversion%20means%20the%20action,or%20money%20does%20not%20belong https://definitions.uslegal.com/f/fraudulent-conversion/#:~:....
    - rglullis 6y ago
      > That behavior is the essence of the crypto space. That behavior is the essence of any entity that (a) concentrates too much power and (b) has no Skin in the Game. Whenever you have this combination, Bad Things Happen (tm). Don't think it is exclusive to crypto. It doesn't matter if it is Bitfinex, Tether, Coinbase, JP Morgan, the Canadian Government or the IMF; the one thing to avoid is be at the mercy of entities that concentrate too much power and have no Skin in the Game. > Peterffy is saying you're welcome to close your position but don't open anything new right now. What he is doing is showing how the game is rigged and that's the only way that people can play. What he is doing is making it clear how much of a systemic issue it is. You are right, it has no comparison with what is happening in crypto. Hacks and crooks in crypto force the environment to become stronger and more robust to adapt and survive. Hacks and crooks in the Govt act like Bob Rubin: build up hidden risk, cause catastrophic failures of the system and make others pay for their mistakes, just like others will pay for Melvin Capital's mistakes and its CEO will walk away with clean hands. > I think they're misguided and wasting everyone's time. Let's put it this way: each shenanigan that Wall Street pulls like this means at least a few thousand people who will rather buy fucking $DOGE and UNI tokens instead of trusting these institutions. The shift is happening and is inevitable, it's just a matter of how fast we will be able to build it.
      - arcticbull 6y ago
        > Let's put it this way: each shenanigan that Wall Street pulls like this means at least a few thousand people who will rather buy fucking $DOGE and UNI tokens instead of trusting these institutions. The shift is happening and is inevitable, it's just a matter of how fast we will be able to build it. Why is it that when wall street pulls something, and has mechanisms to keep them accountable that will ideally be executed (there's a ton of lawsuits) it drives people to crypto. But when crypto does something shady you just say "ah ha decentralization works!! Satoshi will deliver, we just have to wait!!" Nobody would "rather own $DOGE" lol, the wsb nihilists are pumping it like they pumped $GME. They're currently organizing to do the same with silver. And various other heavily shorted stocks like Dillards. They care exactly as much about $GME as they do about $DOGE. The goal is tendies on the moon. Not to own a ton of GameStop shares lol, and certainly not to own a ton of meme-based cryptocurrency with a dogs face on it. Unlike the crypto maximalists, the wsb folks have the goal of making a bunch of money, and see the market they're operating in as a means to an end. Not some dog-themed revolution in money or assets. For you, cryptocurrency is your world. It's a religion. It can do no wrong. For the WSB crew, they're in it for the lulz, the memes, to get rich fast, to screw over their opponents (Melvin) and get their wife's boyfriend off their back. Most of these folks dont even own GameStop, they own GameStop derivatives they plan to settle in cash.

I'm seeing that on BB, BBBY, NOK, NAKD, AMC, and GME.

Yep, that's a new development. It looks like APEX Clearing, which Robinhood used to use - and probably still does, though they've been developing their own clearing system at home - has blocked all transactions in these shares.

rglullis 6y ago
Interactive Brokers also stopped trading, Chairman goes on TV to say "will resume when market goes back to normal and GME is again at $17." "Why? Honestly, to protect ourselves." The foxes are guarding the henhouse. They always were, at least now is getting easier and easier for people to see it. But please, continue bashing crypto and those working on it...
- arcticbull 6y ago
  Yep, I just noticed, oof. This has nothing to do with my opinions on crypto. The level of scamming, stealing and corruption in the crypto market is orders of magnitude higher than anything Peterffy admitted to on CNBC. You know this. Bitfinex literally stole 36% of everyone's assets on deposit when they got hacked in 2016. [1] Not just the asset class that was hacked. All assets. Then they issued "tokens" redeemable for equity in Bitfinex valued at $1 each, which turned a $72 million dollar loss into a $72 million dollar valuation for Bitfinex. Then one of their clowns [Giancarlo Devasini IIRC] is recorded saying "the best way to get your money back is to sell your Bitfinex equity tokens to someone else before they realize what's going on." Of course, Coinbase is widely rumored to have told Bitfinex to get stuffed, and didn't take a 36% haircut at all (an institutional leaving you hanging?! in crypto?! gasp). Why no haircut for Coinbase you might you ask? Because it's fraud, a type of fraud called fraudulent conversion [2]. That behavior is the essence of the crypto space. Peterffy is saying you're welcome to close your position but don't open anything new right now. Do I agree with that? No. Does it hold a candle to anything in the crypto space? Not a chance. I don't criticize most people who are genuinely looking to improve crypto, I think they're misguided and wasting everyone's time, but that's not the same thing. They're free to spend their time how they wish. [1] https://www.reuters.com/article/us-bitfinex-hacked-hongkong/bitfinex-exchange-customers-to-get-36-percent-haircut-debt-token-idUSKCN10I06H https://www.reuters.com/article/us-bitfinex-hacked-hongkong/... [2] https://definitions.uslegal.com/f/fraudulent-conversion/#:~:text=Fraudulent%20conversion%20means%20the%20action,or%20money%20does%20not%20belong https://definitions.uslegal.com/f/fraudulent-conversion/#:~:....
  - rglullis 6y ago
    > That behavior is the essence of the crypto space. That behavior is the essence of any entity that (a) concentrates too much power and (b) has no Skin in the Game. Whenever you have this combination, Bad Things Happen (tm). Don't think it is exclusive to crypto. It doesn't matter if it is Bitfinex, Tether, Coinbase, JP Morgan, the Canadian Government or the IMF; the one thing to avoid is be at the mercy of entities that concentrate too much power and have no Skin in the Game. > Peterffy is saying you're welcome to close your position but don't open anything new right now. What he is doing is showing how the game is rigged and that's the only way that people can play. What he is doing is making it clear how much of a systemic issue it is. You are right, it has no comparison with what is happening in crypto. Hacks and crooks in crypto force the environment to become stronger and more robust to adapt and survive. Hacks and crooks in the Govt act like Bob Rubin: build up hidden risk, cause catastrophic failures of the system and make others pay for their mistakes, just like others will pay for Melvin Capital's mistakes and its CEO will walk away with clean hands. > I think they're misguided and wasting everyone's time. Let's put it this way: each shenanigan that Wall Street pulls like this means at least a few thousand people who will rather buy fucking $DOGE and UNI tokens instead of trusting these institutions. The shift is happening and is inevitable, it's just a matter of how fast we will be able to build it.
    - arcticbull 6y ago
      > Let's put it this way: each shenanigan that Wall Street pulls like this means at least a few thousand people who will rather buy fucking $DOGE and UNI tokens instead of trusting these institutions. The shift is happening and is inevitable, it's just a matter of how fast we will be able to build it. Why is it that when wall street pulls something, and has mechanisms to keep them accountable that will ideally be executed (there's a ton of lawsuits) it drives people to crypto. But when crypto does something shady you just say "ah ha decentralization works!! Satoshi will deliver, we just have to wait!!" Nobody would "rather own $DOGE" lol, the wsb nihilists are pumping it like they pumped $GME. They're currently organizing to do the same with silver. And various other heavily shorted stocks like Dillards. They care exactly as much about $GME as they do about $DOGE. The goal is tendies on the moon. Not to own a ton of GameStop shares lol, and certainly not to own a ton of meme-based cryptocurrency with a dogs face on it. Unlike the crypto maximalists, the wsb folks have the goal of making a bunch of money, and see the market they're operating in as a means to an end. Not some dog-themed revolution in money or assets. For you, cryptocurrency is your world. It's a religion. It can do no wrong. For the WSB crew, they're in it for the lulz, the memes, to get rich fast, to screw over their opponents (Melvin) and get their wife's boyfriend off their back. Most of these folks dont even own GameStop, they own GameStop derivatives they plan to settle in cash.