It seems a certain investing app is making it impossible for users to freely trade in certain stocks… and it has Wall Street whispering that investors should boycott Robinhood.
Robinhood is now restricting trading in some of the most heavily shorted stocks on the market: GameStop, AMC Entertainment, BlackBerry, Koss, Express, Nokia, Genius Brands International, Naked Brand Group and more.
Per Robinhood’s newest rules, users are only allowed to buy one share (and five options contracts) of GameStop, 10 shares (10 options contracts) of AMC and two shares (zero options contracts) of Koss.
How generous of them.
These trading restrictions are historic and nothing thought I’d ever live to see…
But can we really act surprised? Wall Street was never on the little guys’ side…
It’s time to boycott Robinhood.
Robinhood, the broker for the little guy… the everyday retail investor just trying to make a few bucks from a stock market that has created untold wealth for millionaires and billionaires, generation after generation.
GameStop Corp. (NYSE: GME), AMC Entertainment Holdings Inc. (NYSE: AMC), Bed Bath & Beyond Inc. (Nasdaq: BBBY) and Nokia Oyj (NYSE: NOK)… Robinhood said nope, no more purchasing shares.
See the thing is, the people behind Robinhood don’t care about you. They don’t care about your little account that you’ve been saving your hard-earned money and trying to grow — which is what you’ve always been told to do, right? Save your money, and then put that money to work for you…
No! They’re looking out for themselves. That’s because the government and the SEC are going to come down on them. And guess what they want to do…
They want to go public. They want to sell their shares to you, the little guy, so they can cash out and buy their multi-million-dollar homes and yachts. And guess who’s going to profit from that?
The big banks who are already front-running your orders because Robinhood sells them your information. The big banks will also profit from underwriting Robinhood’s IPO.
So boycott Robinhood is starting to go around social media networks and make no mistake, this is a war, a war against YOU… All because some hedge funds lost 20% or 30% of their books on this short squeeze.
Welcome to Wall Street. It’s not a level playing field.
And it’s why investors should boycott Robinhood.
Make sure to watch my video below to learn more reasons why I think investors should boycott Robinhood. As always, leave your thoughts in the comments section below and don’t forget to subscribe to my YouTube channel to stay up to date with all things options trading.
P.S. After watching if investors should boycott Robinhood, read this:
Joy of the Trade Head Trader Jeff Zananiri is getting ready to reveal his proprietary market scanner that allows him to isolate NINE trades most likely to go up every single month.
Each of these trades benefit from a massive wave of capital that floods the market like clockwork, giving “in-the-know investors” the chance to make double- and triple-digit gains.
This century-old market phenomenon is well-known by Wall Street, and usually stays between former insiders.
But Jeff is pulling back the curtain on these cash floods in a live presentation at 1 p.m. EST on Tuesday, Feb. 2.