16 karma · joined October 23, 2014
Here is the CEO of a big brokerage explaining how bad of a situation the hedge funds (shorts) were in, they made a terrible trade.
All you need to know. Shorts made a terrible bet and had Robinhood cut off retail to save their asses.
Even if they had not met the requirements (again, which they did), a depository requirement change is not an extenuating circumstance in the least. That is part and parcel of this business.
First time might have been retail traders but this is all about big whales. Shorts are pinned - all shorts must cover. Writing this off as a retail pump and dump is ignorance.
I'd love to see this industry reformed.
Yes. It speaks volumes about her character and who she surrounds herself with. FYI --Not a Trump supporter--