The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
ChicagoBlue said:
I’d politely suggest it DID hit those highs, and then some.

Sooner or later, you run out of buyers for tulips.
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It hardly ran out of buyers. People were buying that much that the majority of trading platforms blocked people buying it in a blatant act of market manipulation.
 
MillsyTheMosher said:
Unilever are severely undervalued right now.

Stuck 2k in this morning.
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They've just had a couple of buy recommendations from Barclays and Credit Suisse. Share price hasn't reacted, but it's within a few percent of its five year average so I'm not sure about it being severely undervalued. There might be a small gain coming up but I would have thought it's more a long term buy for the dividends which have grown year on year without interruption for the last 20 years (apart from 2009).
 
Current stocks

Tesco
Lloyds
Natwest
Legal and General
Rolls Royce
Unliver

Broken my only own 5 rule today!
 
ChicagoBlue said:
Supporting data?

There was no restriction on my platform (Schwab) that I was aware of when I looked at a few of those stocks.
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Common knowledge Robinhood (the largest retail stock trader in the US), Trading212, WeBull, TD Ameritrade and M1 to name a few restricted people buying and only allowed them to sell for several days which essentially let the hedge funds off the hook and allowed them to re cover their short positions.

To suggest the demand simply wasn’t there which is why the stock tanked is garbage.
 
MillsyTheMosher said:
Common knowledge Robinhood (the largest retail stock trader in the US), Trading212, WeBull, TD Ameritrade and M1 to name a few restricted people buying and only allowed them to sell for several days which essentially let the hedge funds off the hook and allowed them to re cover their short positions.

To suggest the demand simply wasn’t there which is why the stock tanked is garbage.
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HL and Revolut also pulled the plug.
 
MillsyTheMosher said:
Common knowledge Robinhood (the largest retail stock trader in the US), Trading212, WeBull, TD Ameritrade and M1 to name a few restricted people buying and only allowed them to sell for several days which essentially let the hedge funds off the hook and allowed them to re cover their short positions.

To suggest the demand simply wasn’t there which is why the stock tanked is garbage.
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Please don’t put words in my mouth, especially if you characterize it as garbage.

There certainly were some trading platforms many of the Reddit users were using that had restrictions as low as 1 share, but to suggest the majority of the trading platforms had restrictions required slightly more than anecdotal evidence and a handful of (mostly) smaller names being thrown in the fire.


Fidelity
Fidelity Investments has 31.3 million brokerage accounts.


Fidelity Investments has close to $3.31 trillion in total managed assets.


Charles Schwab rating


Charles Schwab
​
Charles Schwab
Charles Schwab serves around 14 million brokerage accounts.

Charles Schwab has close to $4.1 trillion in total managed assets.




Robinhood Trading rating


Robinhood​
Robinhood
Robinhood serves around 13 million brokerage accounts.




Robinhood Trading rating


Robinhood​




TD Ameritrade rating


TD Ameritrade
​
TD Ameritrade
TD Ameritrade serves over 12 million brokerage accounts.

TD Ameritrade has over $1.32 trillion in total managed assets.


TD Ameritrade rating


TD Ameritrade
​

What are Robinhood’s AUMs?
 
ChicagoBlue said:
Please don’t put words in my mouth, especially if you characterize it as garbage.

There certainly were some trading platforms many of the Reddit users were using that had restrictions as low as 1 share, but to suggest the majority of the trading platforms had restrictions required slightly more than anecdotal evidence and a handful of (mostly) smaller names being thrown in the fire.


Fidelity
Fidelity Investments has 31.3 million brokerage accounts.


Fidelity Investments has close to $3.31 trillion in total managed assets.


Charles Schwab rating


Charles Schwab​
Charles Schwab
Charles Schwab serves around 14 million brokerage accounts.

Charles Schwab has close to $4.1 trillion in total managed assets.



Robinhood Trading rating


Robinhood​
Robinhood
Robinhood serves around 13 million brokerage accounts.




Robinhood Trading rating


Robinhood​


TD Ameritrade rating


TD Ameritrade​
TD Ameritrade
TD Ameritrade serves over 12 million brokerage accounts.

TD Ameritrade has over $1.32 trillion in total managed assets.


TD Ameritrade rating


TD Ameritrade​

What are Robinhood’s AUMs?
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Put words in your mouth ? You literally suggested GME stock had ran out of buyers which is why it didn’t go higher.

I quote you
“Sooner or later, you run out of buyers for tulips.”

You have been told why that wasn’t the case and been provided with more than 5 of the worlds largest trading platforms that literally restricted people who wanted the stock from buying it.

You were talking nonsense.
 
MillsyTheMosher said:
Put words in your mouth ? You literally suggested GME stock had ran out of buyers which is why it didn’t go higher.

I quote you
“Sooner or later, you run out of buyers for tulips.”

You have been told why that wasn’t the case and been provided with more than 5 of the worlds largest trading platforms that literally restricted people who wanted the stock from buying it.

You were talking nonsense.
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Hmmm, so there were millions of people wanting to buy millions of these shares as they reached ridiculous levels?

Are there STILL restrictions on purchasing them, as they’re down about 80% from the highs, so go for it!

You said RH was biggest trader. Not true.

You said the biggest brokers wouldn’t allow buys. Not true.

You said “garbage.” I reacted to that word and provided facts.

I really couldn’t care less what you or anyone else buys, or at what price, so feel free.

What I am pushing back on is this notion that the manipulation was all institution-based, when they have the requirement to protect themselves and their customers.

I couldn’t care less about Short Sellers losing money, and the fact that it was 140% oversubscribed tells you there was a bomb waiting to go off and it did, but I would be very surprised if there were not shorts reengaging at the nosebleed heights of the frenzy, too.

I could buy all I wanted at the time, but the amounts of money needed to make real money simply was not worth the risk....to me.

As always with personal choices, YMMV.
 
MillsyTheMosher said:
You think only allowing people to only sell a stock and not buy that same stock is a trading platform acting to protect their customers HAHAHA- Do you work for Robinhood ?
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This is a bad medium for this topic.

Again, that’s not what I said.

A trader who is acting with the mob on Robinhood is surprised when it doesn’t act like a big boy?

I’ll leave it there. I’m just an impartial observer of the fuckwittery, so I’m not “invested” in the actions or answers. My money is safely tucked away in global blue chips, a few disruptive innovation funds and a $50,000+ long, long term wager on Bitcoin.

I sleep well at night not having to worry about my GME gapping down 50% every night!
 
ChicagoBlue said:
This is a bad medium for this topic.

Again, that’s not what I said.

A trader who is acting with the mob on Robinhood is surprised when it doesn’t act like a big boy?

I’ll leave it there. I’m just an impartial observer of the fuckwittery, so I’m not “invested” in the actions or answers. My money is safely tucked away in global blue chips, a few disruptive innovation funds and a $50,000+ long, long term wager on Bitcoin.

I sleep well at night not having to worry about my GME gapping down 50% every night!
Click to expand...
Best of luck to you but please stop coming out with utter tosh and then saying you didn’t say it.
 
A good day for NIO yesterday - closed at nearly $63 a share. The price had been falling over the past couple of weeks - only gradually and not alarmingly mind - and perhaps was even impacted a little by the GME saga with some people maybe closing their NIO positions to get involved in GME, but it does now appear to be on the climb again.
 
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