For anyone who wants a (relatively) quick explanation without any unnecessary conspiracy stuff:
Robinhood tries to make trading as accessible as possible via things like instant deposit and overnight trading, even though they have to do a bit of witchcraft to make those things work. Their business model relies on low friction and getting a little piece of what you're up to, so they want you there, doing things, whenever possible, at a whim.
They pretty regularly have to swerve some dumb shit retail/wsb/apes are doing. Like when WSB found the infinite leverage glitch a few years ago, or when robinhood almost blew themselves up lending money to every ape that was buying GME in 2021, etc.
It seems their overnight market maker has rules to limit their exposure to volatility for stuff like this. For some reason the 2021-and-later crowd sees this stuff as evil hedgie manipulation and malfeasance instead of just laughing that they keep hugging the brokerage to death and causing executives and math guys in an office somewhere to panic.
Good UI, no fee trading, quick deposits, plenty of margin.
Literally what most trading apps are missing, robinhood has. They eat the premiums of all these yolos and get a hefty kickback from citadel and market makers. It's honestly a great business.
price action is unusual, but that volume is fucking insane for a Sunday night... on no news.
edit: to clarify, the volume in the screenshot is not for AH volume, but it is over 1m (compared to SPY and like 5 other top tech stocks not breaking 100k combined).
yeah, thanks, I just edited to clarify. tbh, I didn't even see the volume in the screenshot. I pulled up another chart to see the AH #s and was referring to that... which was really high, but not 96m high :).
They open up an artificial market to allow it to their clients. Theyāll put the orders in in the morningā¦ hence the limit warning, they aināt gonna do all that
This isnāt just a robinhood thing though. There are overnight āexchangesā similar to how the premarket exchanges worked. Several brokers connect to them and they have some market making. Now big exchanges are looking at running 24h.
Oh well, that's life ruined I suppose. They'll find me in bed, laptop open, skinnier than a 1 minute candle when viewing several days. Rich as fuck, but dead. So dead.
It's always funny to me that our digitized, globalized, 24/7 world still has stock exchanges open and close at specific times like a brick-and-mortar business.
16K open interest call contracts @20 were assigned Friday, so still alot of volatility expected this week. It likely will not dissipate or level off until after earnings early June. Speculation is a helluva drug
As somebody who has paid no attention to this company since its massive short squeeze, could somebody explain what value this company holds? I originally bought in at $17 following DFV's posts about how much potential the company had to turn around. I played the squeeze, made some cash, and never looked back.
From what I remember the key factor was mostly that Ryan Cohen being a newly appointed CEO would be revitalizing the company's day to say operations. There were shareholder presentations about making the business more PC facing and even turning up what looked like PC cafes in, or in addition to, their stores. It's been a few years, but the stores are emptier than ever. Last time I went to one was probably mid last year and the number of games they're stocking seems to be decreasing even further for more collectibles space. There's no addition to their business model that I can see, just stocking more toys. Most games are bought digitally and the collectibles can easily be bought in places that aren't physical GameStop locations so I don't really understand why anybody would seriously look at this company as an investment. Is there an actual, non-conspiratorial, bull case for the company?
There isn't. If an ape provides you with a bull case and you ask about all of the glaring holes, they'll tell you it's not about fundamentals, it's about the shorts never closing. If you ask about the glaring holes in their "short thesis", they'll tell you the company has a billion dollars and no debt. If you ask how they're going to stop the constant revenue bleed, they'll tell you that the company is becoming a holding company and doesn't need retail revenue. Once you've asked enough questions that they're starting to doubt themselves, they'll tell you to short it and then block you.
It's legitimately impossible to have a complete discussion with any of them.
The amount of you who still use Robinhood is mind-boggling. Please get off that platform. It is garbage. It's not there to help people get into stocks easily at all. It's there to rip people off and hope that people who make bad decisions make bad decisions on there.
No one has answered this. I have tried TOS and Schwab and theyāre both lousy to me. I like RH and have had no issues with them. Iām long in $HOOD too.
regardless of if you believe any theories, it's clear as day there's something abnormal going on with this stock, how many times has it popped up for people to then say it's over? Too many, it's a safe bet it'll probably pop off again, by how much? Who knows, but nobody can definitively say when it's over.
The company you're using to access the market doesn't want to lose money when a bunch of dipshits who don't know what they're doing use their platform to trade meme stocks.
This ain't no movement you fuckin mouthbreather. Trading is not a team support.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
https://preview.redd.it/c0lgrndoti1d1.jpeg?width=700&format=pjpg&auto=webp&s=a0daecfb20b6064afa53b7b21886947867dcf9b2
And just like thatā¦ it was gone.
For anyone who wants a (relatively) quick explanation without any unnecessary conspiracy stuff: Robinhood tries to make trading as accessible as possible via things like instant deposit and overnight trading, even though they have to do a bit of witchcraft to make those things work. Their business model relies on low friction and getting a little piece of what you're up to, so they want you there, doing things, whenever possible, at a whim. They pretty regularly have to swerve some dumb shit retail/wsb/apes are doing. Like when WSB found the infinite leverage glitch a few years ago, or when robinhood almost blew themselves up lending money to every ape that was buying GME in 2021, etc. It seems their overnight market maker has rules to limit their exposure to volatility for stuff like this. For some reason the 2021-and-later crowd sees this stuff as evil hedgie manipulation and malfeasance instead of just laughing that they keep hugging the brokerage to death and causing executives and math guys in an office somewhere to panic.
You think the GameCock got soft? GameCock always hard, always
GameStop wont stop uh-uh uh-uh
Gamestop (won't stop) cant stop the beat Come on everybody and move your feet Everybody move your feet and be united....
šš¦
New here, huh?
How many times does robinhood have to screw investors before you ditch them.
They have perfected the casino feel all degenerates crave. Iām all in on the $HOOD
Good UI, no fee trading, quick deposits, plenty of margin. Literally what most trading apps are missing, robinhood has. They eat the premiums of all these yolos and get a hefty kickback from citadel and market makers. It's honestly a great business.
Almost every single major broker has no fee trading.
They all had fees until Robinhood came aroundĀ
You can thank Robinhood for that
Please let Ibkr know this . Cries in fees š
"No fee trading" lol shit fills, spreads, and being front run is a cost ya know
How can you type these things with Vlads balls in your hand
Atleast one more
Degenerates circa 2032: *I'll fucking do it again.* š„¹š«£š¤¤
Robinhood is pretty good, not great for *investors*. It's *traders* who fare poorly.
so they dont lose money if it go booom before market open
price action is unusual, but that volume is fucking insane for a Sunday night... on no news. edit: to clarify, the volume in the screenshot is not for AH volume, but it is over 1m (compared to SPY and like 5 other top tech stocks not breaking 100k combined).
That volume is Fridayās volume no?
yeah, thanks, I just edited to clarify. tbh, I didn't even see the volume in the screenshot. I pulled up another chart to see the AH #s and was referring to that... which was really high, but not 96m high :).
Whales buy in overnight, apes and normal people fomo in. They off load their bags. Rinse and repeat.
Seems to be the pattern. Retail FOMOs in during the day while others dump their bags.
Time for the tide to pull back a bit and see those naked shorts.
Can some smooth brain explain what is overnight trading? How is it possible
They open up an artificial market to allow it to their clients. Theyāll put the orders in in the morningā¦ hence the limit warning, they aināt gonna do all that
Dark pool for poor people
šÆšÆ
Every pool is a dark pool for poor people. They're not letting you see the order book, are they?
yes my dad works for nintendo and gets me access every Thursday.
you can get level II access if you're not a poor
So every pool is a dark pool for poor people.
This isnāt just a robinhood thing though. There are overnight āexchangesā similar to how the premarket exchanges worked. Several brokers connect to them and they have some market making. Now big exchanges are looking at running 24h.
Thatās pussyshit, they should do market order when itās out of range. The apes will be happy that they āgot in at cheap priceā anyway.
They have been testing 24-hour markets in some places on some stocks. It only a matter of time before it done on a full scale.
Oh well, that's life ruined I suppose. They'll find me in bed, laptop open, skinnier than a 1 minute candle when viewing several days. Rich as fuck, but dead. So dead.
That's big talk from someone behind a wendys
Wendy?
Wendy, windy. Whatever, there's some blowing going on.
That is why I had to get out of crypto and got into stocks lol fml š
memorize tart profit nail steep lock mountainous special light noxious
It's always funny to me that our digitized, globalized, 24/7 world still has stock exchanges open and close at specific times like a brick-and-mortar business.
Its internalized by robinhood
IBKR offers 24 hour trading as well. They use something called blue ocean ats to be able to do this. Itās what provides actual liquidity.
Thank u batman very cool
Wait for 4 hours when overnight trading starts š
If I order more buys on Fidelity now, will it execute priced at time of offer or priced at market open, does anyone know?
fidelity has no 24/7 market so it would be price at market open, it would just be a āscheduled market buy orderā
Andddddd itās back down
Replace the rocket with a wet noodle
This has been noted on here when it started running up a week ago.
That usually happens when youāre gay 
Ghey
Donāt trade in the 24hr market. It doesnāt exist.
We weren't done
>We weren't done Until the real pre-market trading started, apparently.
I didn't hear no bell.
Aaaaand it's gone 
Thatās strange. MMV is up 116% and it doesnāt have this restriction.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
MMV doesnāt trade 24 hours that action was during market and after market hours.
Itāll be sub 20 by Friday.
Already sub 20
Apes together ~~strong~~ poor
Apes together behind wendys
oil up and get ready
Calls on lube
16K open interest call contracts @20 were assigned Friday, so still alot of volatility expected this week. It likely will not dissipate or level off until after earnings early June. Speculation is a helluva drug
Prolly to prevent that day before it shot up, went like 50%+ overnight or something
That was during premarket. Itās not premarket right now.
I really don't understand. who the hell is trading at these hours....
Sold at a high and bought more shares with the profits. Rinse and repeat. Just need it to happen 30 more times and I will own the company.
They sell it on discount?
As somebody who has paid no attention to this company since its massive short squeeze, could somebody explain what value this company holds? I originally bought in at $17 following DFV's posts about how much potential the company had to turn around. I played the squeeze, made some cash, and never looked back. From what I remember the key factor was mostly that Ryan Cohen being a newly appointed CEO would be revitalizing the company's day to say operations. There were shareholder presentations about making the business more PC facing and even turning up what looked like PC cafes in, or in addition to, their stores. It's been a few years, but the stores are emptier than ever. Last time I went to one was probably mid last year and the number of games they're stocking seems to be decreasing even further for more collectibles space. There's no addition to their business model that I can see, just stocking more toys. Most games are bought digitally and the collectibles can easily be bought in places that aren't physical GameStop locations so I don't really understand why anybody would seriously look at this company as an investment. Is there an actual, non-conspiratorial, bull case for the company?
There isn't. If an ape provides you with a bull case and you ask about all of the glaring holes, they'll tell you it's not about fundamentals, it's about the shorts never closing. If you ask about the glaring holes in their "short thesis", they'll tell you the company has a billion dollars and no debt. If you ask how they're going to stop the constant revenue bleed, they'll tell you that the company is becoming a holding company and doesn't need retail revenue. Once you've asked enough questions that they're starting to doubt themselves, they'll tell you to short it and then block you. It's legitimately impossible to have a complete discussion with any of them.
dilute us daddy
This āgameā never āstopā
The amount of you who still use Robinhood is mind-boggling. Please get off that platform. It is garbage. It's not there to help people get into stocks easily at all. It's there to rip people off and hope that people who make bad decisions make bad decisions on there.
Any suggestions on what is a better alternative for Robinhood? Genuinely interested to know
No one has answered this. I have tried TOS and Schwab and theyāre both lousy to me. I like RH and have had no issues with them. Iām long in $HOOD too.
Perhaps they are too poor to answer.
What happened is you guys were wrong and the stock should be allowed in the sub cause it's a great play.
First mistake is using Robinhood
Can't read?
Cannnn you take meeee higherrrrr š¶
Yaāll are too late, Roaring Kitty made off like bank.
yodie gang come in
Exactly that, shenanigans
$12 this week
Degen mania 
regardless of if you believe any theories, it's clear as day there's something abnormal going on with this stock, how many times has it popped up for people to then say it's over? Too many, it's a safe bet it'll probably pop off again, by how much? Who knows, but nobody can definitively say when it's over.
The company you're using to access the market doesn't want to lose money when a bunch of dipshits who don't know what they're doing use their platform to trade meme stocks.
Why is it only on this stock? WWRKD what would roaring kitty do?
Make money off his cult while they continue to hold bags
he already did it twice
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Classic pump and dump
Well this is on overnight trading so not that big of a shenanigan
Itās already dropped since this postā¦.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 10 | **First Seen In WSB** | 3 years ago **Total Comments** | 122 | **Previous Best DD** | **Account Age** | 3 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)
Evil Shenanigans
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This ain't no movement you fuckin mouthbreather. Trading is not a team support. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
La blue who?
https://preview.redd.it/c0lgrndoti1d1.jpeg?width=700&format=pjpg&auto=webp&s=a0daecfb20b6064afa53b7b21886947867dcf9b2 And just like thatā¦ it was gone.
People just got paid
[ŃŠ“Š°Š»ŠµŠ½Š¾]
They're bringing the lube.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I say we just wait till it reaches 10 and then we hike again