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  • “If we can outlast the retail investors”

     Curunir updated 1 year, 3 months ago 5 Members · 6 Posts
    AMC
  • Rowyn

    Member
    June 8, 2021 at 10:08 pm

    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

  • Dadof5

    Member
    June 8, 2021 at 11:03 pm

    I haven’t seen that myself. But, for the Love of God get away from Robinhood while you still can.

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  • Rowyn

    Member
    June 9, 2021 at 7:41 am

    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…

    • Anonymous

      Deleted User
      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

    • Anonymous

      Deleted User
      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

    • Curunir

      Member
      June 9, 2021 at 10:18 am

      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.

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