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The fact that so many of these bandwagoners didn't understand what a margin call is demonstrates that Robinhood was right to save them from themselves.
by optimalsolver 6y ago
The fact that so many of these bandwagoners didn't understand what a margin call is demonstrates that Robinhood was right to save them from themselves.
- naringas 6y agothen again, it was not its job
- jessaustin 6y agoMelvin Capital got the margin call. Presumably they were already familiar with the concept. https://www.bloomberg.com/news/articles/2021-01-25/citadel-point72-to-invest-275-billion-in-melvin-capital https://www.bloomberg.com/news/articles/2021-01-25/citadel-p...
- bigyikes 6y agoGME is sitting pretty at $312 after hours. What did they get saved from?
- aaaxyz 6y agoAfter-hours is a bad indicator. It closed today at 194. Anyone who bought shares since Wednesday morning's peak of 300 is in the red.
- alasdair_ 6y ago>After-hours is a bad indicator. I'd be happy to bet you that it's a better indicator of actual price than the close. $100 to a charity of the loser's choice that GME will open closer to $314 than $194?
- mike00632 6y agoWhy not just donate your bet money to the people who inevitably lose money holding GameStop stock?
- kahrl 6y agoSometimes. But the volume of after hours trading of the stocks in question is extremely high. It is a pretty good indicator this this case.
- rcstank 6y agoYou’re joking or delusional.
- 8note 6y agoHow many of those Robin hood margin calls were on people waiting for their deposit to go through though?