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. Ever wonder why Wall Street always seems to be one step ahead of the average Joe?
It’s because they have a ton of top-secret trading strategies that give them an edge over everyone else!
And while their methods are usually kept under lock and key… former hedge fund insider Lance Ippolito has decided to pull back the curtain on Wall Street’s best-kept market strategy.
Lance is getting ready to reveal how tracking something called a “Shadow Blitz” can help you predict which stocks are ready to explode…
Handing you huge cash windfalls in as little as 24 hours!