Die 10 beliebtesten Aktien auf Robinhood (Seite 4) | Diskussion im Forum

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31.01.21 23:31:48
Antwort auf Beitrag Nr.: 66.728.995 von faultcode am 31.01.21 17:13:46Chamath Palihapitiya mittendrin statt nur dabei:

IPOE ist eine SPAC-Bude von Chamath:

Der Hindergrund ist mMn klar:
• IPOE soll auch mit SOFI fusionieren, um einen Wettbewerber von Robinhood, die ja noch privat sind und nun möglicherweise regulatorische Probleme haben, zu schaffen :eek:

IPOE Stock: 9 Things to Know Ahead of the SoFi SPAC Merger…

Chamath Palihapitiya just announced that Social Capital Hedosophia will bring SoFi public
By Sarah Smith, InvestorPlace Web Content Producer Jan 7, 2021, 1:15 pm EST

Chamath Palihapitiya is at it again. On Thursday, he announced that Social Capital Hedosophia Holdings V (NYSE:IPOE), yet another of his blank-check companies, would take SoFi public. As IPOE stock races ahead, here is what you need to know about the upcoming SoFi SPAC merger.

To start, investors should get a sense of the basic story. Importantly, Palihapitiya is the man behind several recent, high-profile special purpose acquisition companies. You can thank him for Opendoor (NASDAQ:OPEN) and Clover Health (NASDAQ:CLOV), which will begin trading on the Nasdaq Exchange tomorrow. In fact, Palihapitiya is behind Virgin Galactic (NYSE:SPCE), one of the first SPAC mergers in recent history.

Now, he is making a big bet on SoFi, a player in the fintech space.

Essentially, SoFi is an online fintech startup that specializes in all things personal finance. It helps customers with student loan refinancing, mortgages, personal loans, credit cards, investing and banking. Additionally, SoFi offers these students through desktop services and a mobile app.

Microsoft | 231,96 $
2 Antworten
01.02.21 01:08:48
B Book?
Is Robinhood on the brink of collapse?…
Which looks like the FXCM trick; Robinhood is not operating a b-book. They clear through Citadel Securities, a market maker, who b-books the trades (goes short basically) by not clearing them. In addition to that, Citadel is heavily invested in Melvin Capital, the hedge fund with a massive short position in $GME.

NOTE: It is not possible to short private equity stock. Robinhood is currently a private company, available on private markets. They claim to have plans for an IPO but so did Refco. If Robinhood's book is as toxic as it seems, there is no way out for the firm other than to drive the prices of these stocks back down, or to simply reverse the positions which never really existed in the first place.

They might want to call b-book mastermind Dror "Drew" Niv who was able to mask his b-booking operation by creating an offshore entity who was the sole counterparty of transactions below a certain size. He's currently chumming it up with his bros in Greenwich, CT since his firm FXCM has been permanently banned by the NFA.

We aren't saying that Robinhood is a fraud, we are saying that all the signs are there. For equity brokers who clear their orders properly, there is no reason to limit $GME purchases to one. There is no reason to limit withdrawals, or need 'liquidity' for net cap requirements.

Running a broker-dealer is not so complicated like an OTC desk, orders match up and it's all exchange traded. Broker dealers don't take any risk, at least any meaningful risk. Market makers do. This is the question that we should be asking Vladimir - are you acting as an agent or a principal?

The B Book - used by Market Maker brokers

Forex brokers that use a B Book keep their clients' orders internally. They take the other side of their clients' trades, which means that the brokers' profits are often equal to their clients' losses. Brokerage firms are able to manage the risks associated with the holding of a B Book by using certain risk management strategies: internal hedging through the matching of opposite orders submitted by other clients, spread variations, etc. As the majority of retail traders lose money, the use of a B Book is very profitable for brokers.

It is obvious that this model generates conflicts of interest between brokers and their clients. Profitable traders can cause these brokers to lose money. Traders are often worried about being subject to the underhanded tactics of some brokers who seek to always be profitable. That's why the larger market maker forex brokers use a hybrid model that involves placing trades in an A Book or in a B Book based on traders' profiles.

If Robinhood's book is as toxic as it seems, there is no way out for the firm other than to drive the prices of these stocks back down...

Zitat von faultcode: So gesehen, sitzt Robinhood/RH seit Neuestem also auf sehr vielen Aktien, die fundamental gesehen astronomisch hoch bewertet sind. Und die rechtlich ihnen gehören und nicht den Usern.
Und damit ist in Summe ihr Counterparty Risk aus Sicht von Dritten stark gestiegen.

Daher hat RH derzeit jedes Interesse daran, daß die User GameStop und ähnliche Aktien verkaufen (und keine neuen kaufen), um dieses Risiko abzubauen...
Microsoft | 231,96 $
01.02.21 01:36:05…


Per the limits, Robinhood users can only buy one share of GameStop (and up to five options contracts), and up to 10 of AMC (and 10 options contracts).

“Please note that these are aggregate limits for each security and not per-order limits, and include shares and options contracts that you already hold,” Robinhood said. “These limits may be subject to change throughout the day.”

Microsoft | 231,96 $
01.02.21 12:42:38
Hier eine andere und deutlich günstigere Deutung der Ereignisse um Robinhood/RH..

NSCC = National Securities Clearing Corporation:

..die im Wesentlich darauf abzielt, daß RH vorschriftmäßig ihren "appropriate Required Fund Deposit (i.e., margin)"-Anforderungen nachkam letzte Woche. Hier gibt es unzählige Einträge dazu:…

..und zwar nicht nur durch die DTCC (siehe am Ende), sondern auch durch die NSCC, einer Tochter der DTCC:

• VaR
Gap Risk Measure
• Deposit Floor Calc
• Mark-to-Market

Also: 29.1. --

Ok - here's my best explanation of why @RobinhoodApp restricted trading in the short-squeeze stocks.

Spoiler: the story isn't the Ken Griffen called Janet Yellen who instructed DTCC to raise margin on Robinhood to force them to shut down the speculative buying.

Here goes ...

NSCC is the entity that takes that credit risk. It matches up the net buyers and sellers, post-trade, and handles the exchange of cash for security. To mitigate the credit risk that one of the clearing brokers fails, they demand the brokers post a clearing deposit with them.

These deposits are held in the Clearing Fund at the NSCC.
They had 10.5bn in the Clearing Fund as of Sep 30, 2020.

This is the regime post-Dodd-Frank. NSCC updated it's rules in 2018 to improve the VaR calc and to add the Gap Risk Measure.

How did this impact Robinhood?

Now 99% 2d VaR is much higher. It should be 20x higher for their net portfolio, but the formula will smooth it out some. Maybe it's ~4x bigger. So just on VaR, they have to post 120m now. That they should have.

The Gap Risk Measure is what kills them.

If GME is over 30% of their net unsettled portfolio, then they are required to post 10% of all the GME buys. So if that's 800m, they have to post another 80m. And there is no limit to it. As long as their clients are up P&L, the mark-to-market covers it.

But if RH takes in 500m of new money and 300m buys GME, then at minimum they are looking at posting 30m+ from just that exposure at NSCC. They cannot use client money - RH has to use their own resources to post. And if GME stock drops, RH has to post the loss pre-settlement.

This would also explain why RH drew its credit lines and said vague things about clearing requirements.

The policy goal here is to avoid the central plumbing entities from taking credit risk. In reality, such regulations raise costs and create barriers to entry. It raises profits for entities like DTCC (which owns NSCC and is itself owned by Wall St)

So @aoc is right to ask how it can be that Robinhood stopped its clients from buying certain securities. And what she'll find is that the reason is that Dodd-Frank requires brokers like RH to post collateral to cover their clients' trading risk pre-settlement.

And it isn't the Fed or SEC who sets the rules. It's the Wall St owned central clearing entity itself, DTCC, that makes its own rules. So when the retail masses decided to squeeze the short-sellers, in the middle of crushing them, it was govt regulations which tripped them up.

Update: the plot thickens ... @The_DTCC may have exercised its right to add additional margin charges for a set of these stocks. It's a Margin Liquidity Adjustment Charge.


=> mit anderen Worten: erhöhte (dynamische) Margin-Anforderungen bei RH:

Microsoft | 194,32 €
01.02.21 14:56:51
31.1. Vladimir Tenev, CEO RH -- Clubhouse:

He said while he was asleep, at 3:30 a.m. Pacific time last Thursday, Robinhood’s operations team got a file from the National Securities Clearing Corporation (NSCC).

“We have to put up money to the NSCC based on some factors including things like the volatility of the trading activity into certain securities. And this is the equities business so it’s based on, stock trading and not options trading or anything else,” he said.

“So they give us a file with the deposit and the request was around $3 billion, which is, you know, about an order of magnitude more than what it typically is,” said Tenev.

Musk asked how that was calculated, and commented that it seemed “weird” that you get a “$3 billion demand, you know, at 3:30 a.m. in the morning, just suddenly out of nowhere.”

“Robinhood up until that point has raised around $2 billion in total venture capital, up until now. So it’s a big number, like $3 billion is a large number, right?” responded Tenev, who added that they don’t have the full context about what was going on at the NSCC to make those calculations.

“I wouldn’t impude shadiness to it or anything like that, and actually you know the NSCC was reasonable…they worked with us to actually lower it. So it was unprecedented activity,” said Tenev. He said an eventual conversation with “higher ups” at the NSCC led to that $3 billion number being dropped to $1.4 billion, but still left a “high number.”

He said they then proposed marking the most volatile stocks “positioning closing only,” and then the NSCC responded by saying the deposit was $700 million, which Robinhood paid. He said that explains why they had to mark some positions “closing only,” even as they knew it wasn’t a great outcome for customers.

“Part of what’s been really difficult is Robinhood stands for democratizing access for stocks, but we had no choice in this case,” he said.

Tenev also explained why they just restricted buying and not selling. “The fact of the matter is, people get really pissed off if they’re holding stocks and they want to sell and they can’t. So that’s categorically worse,” he said, adding that he believes lots of other brokers were in the same situation.

“Basically, what people are wondering is did you sell your clients down the river,” asked Musk of Tenev, who said Robinhood has to “comply with requirements,” like other financial institutions.

Tenev said the team raised over a billion dollars in capital, so that when markets open on Monday, they can relax the most stringent limits on trade. But he told Musk and the audience that there will always be some “theoretical limits.


Tesla CEO Elon Musk calls Robinhood CEO ‘Vlad the stock impaler’ and grills him over the GameStop saga…
Microsoft | 194,32 €
01.02.21 20:24:54
WSJ: 1.2.
Robinhood Raises Another $2.4 Billion From Shareholders
The $3.4 billion raised since last Thursday is more than the company has raised in its entire prior existence…

Robinhood Markets Inc. raised another $2.4 billion from shareholders, days after investors agreed to pump $1 billion into the online brokerage to help it ride out a trading frenzy in popular stocks including GameStop Inc.

The huge infusion—the $3.4 billion raised since last Thursday is more than the company has raised in total up until that point—gives Robinhood a war chest to cover a surge in collateral requirements stemming from the trading boom, the people said.

It should also allow the company to support the hundreds of thousands of new accounts users opened since Thursday and to remove many of the trading restrictions that angered customers of the popular brokerage, the people said.

The fundraising deal was structured as a note that conveys the option to buy additional shares at a discount later, the people said.


FC: das sieht für mich aus wie die Flucht aus der Krise. Man will offenbar die vielen neuen Interessenten auch als User gewinnen und mit einem Konto versorgen und nicht zur Konkurrenz schicken, was natürlich Fragen aufwerfen würde
Microsoft | 241,32 $
3 Antworten
01.02.21 22:49:39
Dumme Frage, aber warum gibt es diesen Beitrag hier bei M$?
Microsoft | 199,16 €
1 Antwort
02.02.21 02:40:39
Antwort auf Beitrag Nr.: 66.756.379 von faultcode am 01.02.21 20:24:54..und noch mehr Geld - jetzt wird's komisch:

Robinhood Eyes Raising $1 Billion More of Debt, Reuters Says…
Updated Mon, February 1, 2021, 10:25 PM
Robinhood Markets has had discussions with banks about raising another $1 billion of debt as the stock brokerage app grapples to keep filling orders amid a Reddit-fueled trading mania focused on heavily shorted stocks, Reuters reported.

Any fresh capital would be separate from the $3.4 billion that’s been raised by the firm in the past few days, including $2.4 billion announced Monday, the news organization reported, citing people that it didn’t name.

The company’s biggest backers have been plowing money into the brokerage at an unprecedented pace as the firm faces outraged customers, increased regulatory scrutiny and questions about its plans for an initial public offering.

Robinhood started negotiations with banks about expanding its lines of credit or arranging a new one after it drained its revolving debt facility during last week’s frenetic trading, Reuters said, citing one of its sources, who it said asked not to be identified because the matter is confidential. Robinhood declined to comment to Reuters. A representative for the company didn’t immediately respond to Bloomberg News when asked to comment.

Robinhood told investors it would use the bulk of its earlier-announced funds as collateral at the industry’s central clearinghouse, the Depository Trust & Clearing Corp., according to a person familiar with the matter.

Microsoft | 239,65 $
2 Antworten
02.02.21 06:51:35
Antwort auf Beitrag Nr.: 66.759.361 von SLCoolJ am 01.02.21 22:49:39Warum nur?
Microsoft | 239,65 $
02.02.21 19:59:12
Antwort auf Beitrag Nr.: 66.734.059 von faultcode am 31.01.21 23:31:48
Zitat von faultcode: Chamath Palihapitiya mittendrin statt nur dabei:

nun übertreibt er es. So wird er zum Außenseiter, egal wie viel Geld er hat:…

Chamath: These motherf...... should go to jail.
<gemeint sind die RH-Macher>
Microsoft | 240,56 $
1 Antwort

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Die 10 beliebtesten Aktien auf Robinhood