Every brokerage had to change the status of GME to closing only. I've had margin calls in the past. If I can't cover them, they close my position and I'm still on the hook for the money if I ever want to trade with them again. But imagine the margin call isn't $500, it's 50 BILLION. And no, Citadel cannot cover that margin ASAP. They don't have it. So yes, TD has to stop trading because if they don't, and the account can't cover, who is on the hook for 50 Billion? TD. They have to also cover themselves to stay in business. I'd rather see them stop trading so the hedge can come up with the funds, than see TD go out of business and my small account with it to to some BS platform.
if they or any other platform goes out of business as a result of allowing big hedge funds to manipulate the market via shorts they can’t cover than fuck ‘em
You should think of it in mafia terms. I owe you 20K and I can't pay and my time is up. You tell me you'll off my whole family, and my family's family unless I get the money. I can't get the money. So you keep your word, and you still have no money, lots of bodies and maybe you needed the 20K to pay off someone else. The whole market was halted in March multiple times on volatility terms. At first I saw this situation as the same. I still think the funds will go belly up and at least my little account will be fishing for whale.
Yes, to stabilize the price. And you can't necessarily blame the platform, you blame the clearing house. If the clearing house, Apex, for instance, won't take buy orders, what power does the brokerage have? none. Your last statement makes it seem like you're okay with this whole idea taking peoples' money who had no part in it. That's sad and something that should have been thought about in advance, if it was a concern at all.
I agree. But at some point there will no longer be any buyers at $500 and everyone will start selling. One thing I know is the fall is fast and furious. It the people holding the stock are committed to it, why not let the stock freeze for a minute? We already know the fund can’t meet the margin. Not even close. The way I see it the people dying to get in at $500 will just lose it all once the true market price settles and this “war” ends. More people will lose money. Just my opinion.
Every brokerage had to change the status of GME to closing only. I've had margin calls in the past. If I can't cover them, they close my position and I'm still on the hook for the money if I ever want to trade with them again. But imagine the margin call isn't $500, it's 50 BILLION. And no, Citadel cannot cover that margin ASAP. They don't have it. So yes, TD has to stop trading because if they don't, and the account can't cover, who is on the hook for 50 Billion? TD. They have to also cover themselves to stay in business. I'd rather see them stop trading so the hedge can come up with the funds, than see TD go out of business and my small account with it to to some BS platform.
um yeah
but they didn’t shit down trading
they shut down BUYING
and fuck td
if they or any other platform goes out of business as a result of allowing big hedge funds to manipulate the market via shorts they can’t cover than fuck ‘em
And another note, how does making TD pay for the bad trades of Hedge funds punish the the Hedge fund? It doesn't.
the hedge fund has to dissolve for td to be holding the bag, shill
You should think of it in mafia terms. I owe you 20K and I can't pay and my time is up. You tell me you'll off my whole family, and my family's family unless I get the money. I can't get the money. So you keep your word, and you still have no money, lots of bodies and maybe you needed the 20K to pay off someone else. The whole market was halted in March multiple times on volatility terms. At first I saw this situation as the same. I still think the funds will go belly up and at least my little account will be fishing for whale.
ooooh. You called me a shill. I'm scared.
Yes, to stabilize the price. And you can't necessarily blame the platform, you blame the clearing house. If the clearing house, Apex, for instance, won't take buy orders, what power does the brokerage have? none. Your last statement makes it seem like you're okay with this whole idea taking peoples' money who had no part in it. That's sad and something that should have been thought about in advance, if it was a concern at all.
I agree. But at some point there will no longer be any buyers at $500 and everyone will start selling. One thing I know is the fall is fast and furious. It the people holding the stock are committed to it, why not let the stock freeze for a minute? We already know the fund can’t meet the margin. Not even close. The way I see it the people dying to get in at $500 will just lose it all once the true market price settles and this “war” ends. More people will lose money. Just my opinion.
it is not ok to shut down buying to save billionaire’s asses