I agree that this is the technically correct definition of how margin is typically utilized, and that investors should be prepared for this in the case of high volatility.
The fact does remain, though, that the way the data is presenting itself seems to indicate that there was disingenuous behavior on the behalf of market makers and a number of hedge funds. To be seen, I guess.
It's in the logs, go see for yourself?
GME purchases blocked this morning on apps where Citadel is the clearing house.
SOMEONE proceeds to ladder short sell GME to cause a massive price dump.
Users are margin called from previously profitable positions (without being able to provide buying pressure needed to fight against a ladder short sell)
Shorts are able to unethically cover your position.
Read into this... it's all over the news and verifiable with documentation from various regulatory agencies.
GME purchases blocked this morning on apps where Citadel is the clearing house.
SOMEONE proceeds to ladder short sell GME to cause a massive price dump.
Users are margin called from previously profitable positions (without being able to provide buying pressure needed to fight against a ladder short sell)
Shorts are able to unethically cover your position.
Read into this... it's all over the news and verifiable with documentation from various regulatory agencies.
You have to admit, though - that is disingenuous. Those plays were profitable, no need to call them (unless there has been irresponsible behavior on the behalf of the broker)
This is blatant anti-competitive behavior on the part of Robinhood and Citadel.
As i say elsewhere - this margin call was FORCED by RH because they blocked users ability to buy shares as Citadel + others were ladder short selling to artificially lower the stock price of GME, forcing the margin call.
This is horrific, criminal, and should be prosecuted.
Ultimately, they know that their SEC Fine will be less than the $50B+ in losses they face from their irresponsible naked short selling.
Did we learn nothing in 2008? Are we just going to continue to allow wall street to get away with fleecing everyone else in America / the world?
This morning Robinhood conspired with Citadel to halt trading amid a short ladder sell to drive the price lower, allowing shorts to cover their losses with no competition.
This is blatant market manipulation and anti competitive behavior, and must be stopped.
Why does everyone insist on protecting billionaires who insist on playing the game with a different set of rules than the rest of us?
For anyone saying, "Most likely trading on margin"
Remember:
This morning Robinhood conspired with Citadel to halt trading amid a short ladder sell to drive the price lower, allowing shorts to cover their losses with no competition.
This is blatant market manipulation and anti competitive behavior, and must be stopped.
Why does everyone insist on protecting billionaires who insist on playing the game with a different set of rules than the rest of us?
Info: Chewy is one of the largest pet retailers in the world and more recently was the largest eCommerce acquisition.
As the first data scientist on the digital marketing team, you will be working to build predictive models to help determine future user behavior and value.
Benefits: 401k, travel subsidy, beer, pet friendly office, cold brew, great coworkers, and awesome projects to work on (big data)
I am just getting started actually, so I will provide you more feedback as I complete part 1!
For starters, I found the pairing of the lecture, the code, AND the documentation to be particularly useful. The setup in anaconda really enables to you compare/understand inputs and outputs, which at least for me, is very helpful! Big fan of learning through practical application, which the aforementioned combo is well suited for, imo.
Kudos and thank you (and the team) very much for all of the hard work! I am not sure I'll be able to attend part 2 in person but I will be sure to follow along online. If I am ever in SF at the time of a course, I will certainly apply!
No response from customer service.. only their AI Agent Support.. Which has still not offered me a refund.
I may have to do a chargeback.