Yesterday morning before the open I was on Robinhood and was reading a news report when my phone died. I am new to all of this so go easy on me but, it had something to do with investors (not retail) covering their asses. I believe that they were buying options for up and down to cover a percentage of their losses. And the last sentence I read included “this will only help if we can outlast the retail investors”. Did anyone else see that? Sheila
That’s what we have been told. We have opened an account with Webull but don’t want to transfer our shares right now. What we have read it could take up to a week. Is that information correct? Thanks…
June 9, 2021 at 8:10 am
Just rip the band-aid off. It was faster than I was told. Although that’s a month ago. Also can’t move crypto. Account arrived in webull with a 75 dollar Margin call even though I had the cash in Robinhood. No big deal. It all sorted out in it’s own. Not financial advice
June 9, 2021 at 8:54 am
Yes, and remember, the MOASS is not a 1 day event it will take days so its not like it will flash and you’ll miss it – just get out
I will caution about transferring. There are some people on discord that have been waiting over a week already.
If you can, open another broker and just start buying anything more there. If you do a transfer maybe only do some of your shares at a time and spread it over a few transfers so you only have half dozen in limbo at a time.
This may not start seriously for another week or two. It may burst this afternoon. No way to know.