Recent content by CharminTide

https://www.axios.com/us-cuts-off-russia-central-bank-sanctions-78f1b7e2-0d4f-4734-971e-e1a17140ff32.html

It has, but I come with memes.

The Moscow exchange won't open today and has banned all sell orders by foreigners. Russia's central bank just raised interest rates from 8.5% to 20%. Yikes. Also: hi y'all. 👋 Been a while, but nothing like a global crisis to bring everyone together.

https://www.cnbc.com/2021/01/29/sec-reviewing-recent-trading-volatility-amid-gamestop-frenzy-vows-to-protect-retail-investors.html

Good read. "This is where society will ultimately come down, of course, uniting to denounce $GME as financial Trumpism, even though it actually comes closer to being an updated and superior version of Occupy Wall Street. It’s likely not any evil manipulation scheme, but ordinary people acting —...

It's not just that. Circuit breakers are triggered all the time, and all activity on a stock is temporarily halted. But that isn't what happened. Institutions could still buy and sell freely. But most normies could only sell today, not buy. Markets depend on a free exchange, and when one side...

This is true. But what RH and a few other brokerages did today was just a blatant illustration of a rigged market. It's one thing to play the game when you know you're at a disadvantage. It's quite another to play when you know the house is dealing seconds.

In their defense, Robinhood probably lost a lot of users today. I saw estimates that as many as half of their users held some position in GME (which is bonkers if true). They're being raked over the coals on social media, and I'm not sure their PR is strong enough to recover before the IPO. And...

I'm way out of my element here, so I may be entirely off base. But it's been upsetting to watch the market today, even from the sidelines. I've never paid enough attention to see a short ladder attack in action -- basically hedge funds selling positions back and forth to artificially drive down...

Yeah. Not sure how it's anything other than overt market manipulation. Also not sure how RH survives alienating their core userbase right before their IPO. For those unaware, RH only allowed sell orders for a handful of stocks this morning (notably, GME). You couldn't buy it. Which drove down...

I wouldn’t go so far as to say that margin investing or shorting are inherently bad, but shorting more stocks than are available to trade *is* bad. (and actually illegal, but rarely enforced because the SEC and Hedge Fund managers belong to the same golf club) All Reddit did was identify naked...

Note that this is A STORY and not to be taken as a financial recommendation. I'm laughably unqualified for that. But this whole retail investor vs. hedge fund saga is fascinating to me. For those who haven't been paying attention to this story, a notorious subreddit (a weird mix of financially...