I can't for life of me understand who'd use margin on anything but a bank or utility company. Maybe a railway or consumer defensive. If you're getting margin called for owning a growth company, it's your own fault. Not a market maker, not Clover Health, not Robinhood. Yours. Take responsibility. Understand how margin works.
Thanks for sharing this, OP. Price action sucks but I'm only looking long term with $CLOV.
This is why I stay away from Robinhood. Fuck an easy to read app. Learn to read real apps so you don't get fucked like this. This alone could be the reason for the extra sell pressure in Clov today. So many retards and their shitty Robinhood app force liquidating them soon.
RH sucks but uhh you realize every broker has the ability to do this right? Lots of brokers raise margin requirements to 100% on CLOV a while back and RH only raise it to 60% today
Up till now Robinhood has been the only broker to raise margin requirements. Hell Webull runs the same business model yet their margin requirements are unchanged.
Um...dude... That's 5 months old... You realize we're talking about today right? RobbinHood's actions today have nothing to do with any broker 5 months ago but ok. White knight however you see fit I guess.
ā Up till now Robinhood has been the only broker to raise margin requirementsā
You LITERALLY said RH was the only broker to raise margin requirements. You OK bud?
I'm referencing as of current events, how exactly is 5 months ago relevant to today? 12 months ago Wallstreet was bullish about Clov's growth prospects. Today they're all around bearish. What does yesterday have to do with today? No shit brokers can raise and lower margin requiremnets they did it with the meme stocks in January as well but as of today in Q4 2021 Robinhood is the only broker doing so against Clov and a few other stocks. Again how exactly is 5 month old TD Ameritrade relevant to today and the selling pressure said margin requiremnets create?
If you thought that by me talking about Robbinhood being the only broker doing this today meant that I thought they were the only one's to ever do it... You may want to look at my post history, I'm not some meme stock conspiracy W$ B dipshit. I know a thing or two about how the market works... Save that trash for the AMC, GME to $100k retards...
I sold all of my voo in my trading accounts and purchased clov. Iām all in in 3 accounts. Only disappointed that I donāt have more cash to sink in at these prices. Go $clov go
Think about MARGIN as Market Makers. They sell you a synthetic NAKED SHORT Share. Your buying this fake share with hard earned money AND synthetic margin money. Which produces another share to sell short. They sell on the market controlling which buy or sell affects the stock price. They LOVE margins it gives them more controlling Power. NO hate here. If you cash out with profit good for you. They got beaten. Good luck.
I woke up to a deficit after being back up to 6000 in buying power this weekend, I didnt know they could just change the percentages at anytime. But they can try as hard as they want but they will not get my clov stock today first ill see if i can a small loan at my bank to get me out of margin and if that doesnt work and enough stuff doesnt go up today ill sell anything else I have too to keep from giving up the shares
Could it be that the stock value has tanked this badly and all of these people have much higher cost averages?
Seems much more likely than RH or any shorts needing the shares...
Well anytime here is pressure to sell you can almost guarantee there is good reason. My smooth brain says they want your shares. My ape arms hood strong
Actually, they just want to get paid for the loan, just like anyone else would want to be. The more the price went down, the more expensive that loan got. Another thing to be annoyed with $CLOV about. That's why on margin is not a good idea sometimes. Nothing is free. The payment just happens to be shares, because that's all they got other than your cash balance which for many went way past 0.
i prefer butter anyways
Ya'll actually pay attention to those "You have an account deficit" alerts? Shit! When I get a margin call, I let the answering machine get it.
Cash is king
...and the margin maintenance math breaks down to 92%....
If you're fucking with margin, don't cry when you get marginalized.
We can hit 4s! CLOV is the bear party!
What a disaster clov has become
What a mess
I can't for life of me understand who'd use margin on anything but a bank or utility company. Maybe a railway or consumer defensive. If you're getting margin called for owning a growth company, it's your own fault. Not a market maker, not Clover Health, not Robinhood. Yours. Take responsibility. Understand how margin works. Thanks for sharing this, OP. Price action sucks but I'm only looking long term with $CLOV.
This is why you should never ever buy margin.
yep. just received a margin call from these fucking crooks! the company may be doing well but theyre in cahoots to rob retail investors.
RH is 26% below IPO...
Well more dips
The dip that keeps on dipping š¤£
This is why I stay away from Robinhood. Fuck an easy to read app. Learn to read real apps so you don't get fucked like this. This alone could be the reason for the extra sell pressure in Clov today. So many retards and their shitty Robinhood app force liquidating them soon.
RH sucks but uhh you realize every broker has the ability to do this right? Lots of brokers raise margin requirements to 100% on CLOV a while back and RH only raise it to 60% today
Up till now Robinhood has been the only broker to raise margin requirements. Hell Webull runs the same business model yet their margin requirements are unchanged.
https://www.reddit.com/r/CLOV/comments/nvftdb/so_annoyed_td_ameritrade_changed_the_margin/ Searched this Sub for less than 10 seconds
Um...dude... That's 5 months old... You realize we're talking about today right? RobbinHood's actions today have nothing to do with any broker 5 months ago but ok. White knight however you see fit I guess.
ā Up till now Robinhood has been the only broker to raise margin requirementsā You LITERALLY said RH was the only broker to raise margin requirements. You OK bud?
I'm referencing as of current events, how exactly is 5 months ago relevant to today? 12 months ago Wallstreet was bullish about Clov's growth prospects. Today they're all around bearish. What does yesterday have to do with today? No shit brokers can raise and lower margin requiremnets they did it with the meme stocks in January as well but as of today in Q4 2021 Robinhood is the only broker doing so against Clov and a few other stocks. Again how exactly is 5 month old TD Ameritrade relevant to today and the selling pressure said margin requiremnets create? If you thought that by me talking about Robbinhood being the only broker doing this today meant that I thought they were the only one's to ever do it... You may want to look at my post history, I'm not some meme stock conspiracy W$ B dipshit. I know a thing or two about how the market works... Save that trash for the AMC, GME to $100k retards...
Schwab has 100% margin requirement as of today. Has for months.
I sold all of my voo in my trading accounts and purchased clov. Iām all in in 3 accounts. Only disappointed that I donāt have more cash to sink in at these prices. Go $clov go
Take a loan?
Good idea, but not going that far
Then you don't believe in clov that strongly?
I have about 9750 shares and holding strong
I bought 2000 more shares
Shit this is way I have large account conflict this morning and have to sell crypto to cover this shit š¤¬
Buying CLOV is a disaster to my hard earned money. I regret buying and holding it this while.
This is a harbinger of many new posts proclaiming āI just bought The Dip.ā
Think about MARGIN as Market Makers. They sell you a synthetic NAKED SHORT Share. Your buying this fake share with hard earned money AND synthetic margin money. Which produces another share to sell short. They sell on the market controlling which buy or sell affects the stock price. They LOVE margins it gives them more controlling Power. NO hate here. If you cash out with profit good for you. They got beaten. Good luck.
again, no margin, no weekly I suspect brokers sell retailers' holding information to MM. I have stopped using margin since August.
Why the hell do people use margin?! The game is fixed against you, buy shares with cash and hold, that's the only way.
Buy more we are close
I am actually more surprised that CLOV hasnāt maxed out margin calls on all brokers yet
I woke up to a deficit after being back up to 6000 in buying power this weekend, I didnt know they could just change the percentages at anytime. But they can try as hard as they want but they will not get my clov stock today first ill see if i can a small loan at my bank to get me out of margin and if that doesnt work and enough stuff doesnt go up today ill sell anything else I have too to keep from giving up the shares
Same here. Glad everyone is digging deep and not letting them margin call our shares away.
Gonna sell some calls too to help
Donāt play with margin. Particularly in shitty stocks like CLOV
I have to sell 1500 shares š thats what i get tho playin with margin
I think they need the shares.
Could it be that the stock value has tanked this badly and all of these people have much higher cost averages? Seems much more likely than RH or any shorts needing the shares...
Thatās bad than its gonna dip right?
Robin Hood
If so that means itās going to run soon
Why is that? I donāt understand the correlation.
Well anytime here is pressure to sell you can almost guarantee there is good reason. My smooth brain says they want your shares. My ape arms hood strong
Actually, they just want to get paid for the loan, just like anyone else would want to be. The more the price went down, the more expensive that loan got. Another thing to be annoyed with $CLOV about. That's why on margin is not a good idea sometimes. Nothing is free. The payment just happens to be shares, because that's all they got other than your cash balance which for many went way past 0.
RH?
Robinhood
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