Hacker News Reader

Comment by optimalsolver | Hacker News Reader

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.

View on HN

Melvin Capital got the margin call. Presumably they were already familiar with the concept.

https://www.bloomberg.com/news/articles/2021-01-25/citadel-p...

GME is sitting pretty at $312 after hours. What did they get saved from?

After-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.

>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?

Why not just donate your bet money to the people who inevitably lose money holding GameStop stock?

You could instead invest in GME yourself?

I don't see much promise in the business model of selling physical copies of video games at mall retail stores. Yes, I've heard what the stock promoters are saying about the company turning around but color me unconvinced.

Sometimes. But the volume of after hours trading of the stocks in question is extremely high. It is a pretty good indicator this this case.

How many of those Robin hood margin calls were on people waiting for their deposit to go through though?

then again, it was not its job

Reply on news.ycombinator.com