Charlie discusses the ridiculousness of Robinhood's actions today, talks about the CCIV merger, the future of MARA, and some other of our "add money to plays."
Keep in mind these are just Charlie's opinions, some folks don't even like Charlie! Do your own due diligence.
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DISCLAIMER: All of ZipTrader, our trades, strategies, and news coverage are based on our opinions alone and are only for entertainment purposes. You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and personal experience. An individual trader's results may not be typical and may vary from person to person. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment. Thus, trades should not be based on the opinions of others but by your own research and due diligence.
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Okay, so we have a lot to talk about. First, we have to talk about the latest in the whole Gamestop ordeal. So today, Robin Hood decided to pick some winners and losers. It said that you can sell certain stocks that it didn't like, but you can't buy those stocks that it didn't like.
Let me just say, I'm no stranger to criticizing Robin Hood, but this is a new low even for them. And it's not just Robin Hood. Many other brokers have followed suit to some extent under the guise of stopping market manipulation. Many brokers have decided to do market manipulation themselves.
Then after talking about that, we're going to be giving an update on the Mara play. Mara Lovely Mara gave us a nice bounce today about 20 at Heist. and then we'll be talking about the Cciv and Lucid deal and what's next. With that and we will be finishing up today's video, talking about some of the updates on our add money to plays and which ones make sense to still buy.
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Okay so to start as you know, after tons and tons of retail traders got together and rallied up Gamestop, Amc, Blackberry, and a few other heavily shorted stocks, crushing hedge funds like Melvin Capital and others. Well, today, we saw Robin Hood and many major other brokerages restrict their users ability to buy more stocks. Apparently, Robinhood, the company that prides itself on democratizing and opening up the stock market to the little guy. Well, they decided to place restrictions on.
The little guy said that you can sell certain stocks that it didn't like, but you can't buy those stocks that it didn't like. So they're literally letting you take the action they want you to do, but not the action that they don't want you to do. I am not one for accusations and I've been very careful with how I've covered Robin Hood in the past. Just look up Zip Trader, Robin Hood and you'll see how careful I was.
But this is the definition of market manipulation according to Google And again, this is not me saying this, I'm just reading the definition. Market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market. So I'm thinking to myself today, huh? There's certain stocks that Robin Hood doesn't like and it's letting you sell them, but it's not letting you buy them. I wonder if not allowing people to buy something, but at the same time allowing them, to sell it would be considered interfering with the free and fair operation of the market. As one of the little guys, you know I'm not one of the big hedge fund elite or any of those guys. which obviously anybody that's nodded a hedge fund or doesn't work on Wall Street is a complete obviously. Everyone knows that. so I don't know folks, is this manipulation? You guys are gonna have to let me know.
The idea that a broker itself can pick winners and losers is completely ridiculous. You do need to have a police force in the stock market, but we have one and it sure is. Heck ain't Robin Hood. It's the Sec.
And no, they aren't perfect either. but at least they're accountable to the people. I do not like the idea of Robin Hood or any broker picking winners and losers. I do not like that they have a right to decide which stocks they offer on their exchanges and which they don't But just when a stock is doing something that they don't think it should be doing the idea that they favor one action or the other.
which is, you know, selling instead of buying and they can just do that in the middle of a rally because it's convenient. I think that's ridiculous. My take overall is that from the beginning this has always been a very stupid situation. It was always stupid for people to blindly buy Gamestop without a clear plan and because people were just saying it's going to go to the moon, people are going to keep buying it.
Obviously, we see that to some extent almost every single day in the stock market just so happened that everybody got on this trend. but it's now turned into something completely different and it's an affront attack on all of us. as traders, No matter how powerful, I do not believe that brokers should have the singular ability to police the stock market and pick winners and losers. The stock market is already a very dirty place.
What if for example, a lot of Robin Hood's users decide they want to all go and buy Charles Schwab, which is a competitor to Robin Hood And Robin Hood sees this and like, okay, I don't like this. I don't like that everybody's buying this and rallying up Charles Schwab. So I'm gonna go ahead and make it so they can't buy Charles Schwab anymore, but they can sell it that way. There's only downward pressure and no upward pressure from our broker.
Point is the Board of Robinhood can pick winners and losers based on their own interests. Whatever they want to do in order to meet their objectives, they can now pick winners and losers. and this is a very, very dangerous power. But Charlie Robin Hood said that this was in the best interest of its users.
Okay, you could say it's in the best interest of their users. but why again, is Robinhood the policing factor in the market? Again, the police force should be a force that is accountable to the people under its jurisdiction. And again, again, there's the Sec amongst other branches of regulation. Okay, and then you get to the flip side of this argument where there's sort of like a few good points which is okay. Well, what if people are buying it and they're not aware of all the risk involved in it? Well still, I go back to the argument that why is it Robin Hood's job to police this the two parties that should be responsible for the cracking down on misinformation or lack of information at all is the Sec or the source of the misinformation So I don't know folks, this leaves a really bad taste in my mouth. Just let me know what you guys think down below and I'm really, really disappointed to see this. and I don't know what this means in terms of the next five to ten years of trading. A lot of sketchy stuff that's happening in the market right now.
there's a lot of new traders and with all these new traders, there's all these government agencies and all these big companies like we gotta go in and protect them and usually the protections end up hurting them more than the they're even meant to protect them. Look folks, you know me as the type of person that will try to steer you away from making bad plays and try to steer you away from not having any risk management. But I'm also the type of person that will fight for your right to make bad plays in the first place if you want to. I do believe that people should be informed on their risks and need to be given accurate information before making any trade.
But if they want to take that accurate information and still make a bad trade, well, that's up to them. It shouldn't be up to the brokers. And I'm someone that runs several groups that have tens of thousands of people. So I know very well the challenge of combating people who are just spreading misinformation or rumors or trying to pump stocks or or egging on people to buy things.
It's it. sucks. It sucks. I hate it.
I'm constantly trying to fight back on it. It's a day-to-day process and there's nothing more annoying than me waking up the last few days and seeing every single morning instead of actual questions about the stock market. I have to see Emc to the moon. Gme to the moon.
Gamestop can't stop, won't stop Gamestop. But I still respect your right to make your own damn decisions. I still respect your right to converse as long as you're not spreading this information. And I still respect your right to understand the biggest trends and understand the case studies when it comes to the stock market.
The last question that I do want you to ask yourself is if Robin Hood was so concerned with its user safety, making sure that its users didn't have any misinformation, Why completely block them from buying something instead of putting a warning when they buy it that hey, you're probably going to lose all your money or hey, there's a ton of risks here. There's a ton of misinformation, blah blah blah. Why not make that risk and then have them sign something saying that they read it and understood the risk instead of outright block it? Either they think you're too stupid to make your own decisions, or they don't want you to make your own decisions even if you have the accurate information. Okay, let's get to actual work, Mara. Lovely Mara. So Mara gave us some strength today ran up to just under 22 at highs. We've been talking about Dip buying Mara over and over again the last 10 days. This is a play that's going to be very rocky because it's linked with Bitcoin since it is a crypto mining stock, but once Bitcoin picks up, this play is really going to do wonders for us.
The question is, when my take is that the market cycle of Bitcoin is a bit unpredictable in the short term. But since I have an overall upward direction thesis, Mara is a great play, as I see that picking up as Bitcoin continues to pick up just have to have a stomach for some downward volatility. This is going to be a hard one to pick a really good entry price on, and as you saw today, a lot of people that did have that stomach back and reset it before have already been rewarded and there's going to be some more volatility. so hang on.
Okay, let's talk Cciv. So we've known for quite some time that Cciv is in talks with Lucid to merge, and if this merger goes through, Cciv has a very, very high chance of breaking way over all-time highs. How do we know that, Charlie? Well, because right now what people are buying in Cciv is just the mere chance that Cciv could be taking Lucid public. Imagine how many investors are interested in Lucid but are waiting to tell this confirmation to actually buy in? Two weeks ago, I made a video talking about why I see Lucid as a big big deal if it goes public in the market, and honestly we've only been reassured of that and the speculation runs on Cciv.
The latest news is that a few days ago, the Saudi Investment fund, which has connections to both Lucid and Cciv and is a major shareholder in Lucid, said they are hopeful that it will still go through despite the lack of a speedy decision. There's a lot of people upset that this is delayed and this has taken a while in terms of merger decision. but before it even came out that this was quote delayed, we had people speculating if the talks were even happening. So I mean at least we have some confirmation that the talks are actually happening.
But overall, despite all the hubba bubba with the stock price, nothing has really changed. We still don't know much. Merger talks can take a while. A lot of times merger talks don't even leak like this, so we don't really know how long this can go on and we can indeed speculate all we want that they've had a hard time coming to an agreement I have presented in previous videos on why.
I think that Cciv and Lucid are a good fit, but if Lucid decides to go elsewhere, then we'll transfer our bullishness on Lucid to that new ticker Nndm. So we called out Nndm very late in the game at the low nines. it then doubled over the next couple of weeks, and I said during this uptrend that we hadn't yet earned it yet and that you should lock in profits if you don't want to have to stomach cooling off. And as the Eternal Dip whisper, that is what ended up happening. Ndm, in my opinion, is a 25 play, so totally reasonable to buy at Dips if you have the stomach to ride the fluctuations. Next, we have an update on ipod and Ipof. So these are the leadership aspects that we've been talking quite a lot about. I've said repeatedly as they drop to Dip, buy these as they are a great opportunity once they find a partner and they have recovered a little bit.
Today I pop up almost eight percent and Ipod up five percent. But nothing too surprising here and I wouldn't pay too much attention to the short-term fluctuations. Their S-pac 4 is about 10, and the big deal is when they actually get a merger partner. Everything else besides that is just noise.
Lastly, I want to talk about Aal. This is one of our plays that did really really well for about 20 to 30 minutes. Back in my video where I look like a psychopath in the thumbnail, I talked about my plan for coveted recovery plays in 2021. we talked about how my favorite airline was American Airlines.
because of a number of reasons such as domestic flight numbers, heavy debt, and so forth. I said all airlines would gain, but Aal would have the most to gain if we do ever reopen. And that has been true so far and showcased today by today's rally, almost a complete recovery. It was only 30 minutes, but for folks who locked in profits at those highs, congratulations Probably didn't get that much out at the top, but in terms of averaging out, this was a great opportunity.
Okay, and lastly, Xl fleet. We originally called this one out after it completed its merger with an S Pack. We said S packs tend to cool off after merger and that did indeed happen. but my take back then was that it would settle in the mid to low 20s and then within a few months we get some more action.
It's done a little bit worse than that it's at 19 right now. But overall this wasn't a disaster, but I have been very disappointed by the lack of interest in this place. It has had plenty of opportunities to rally, but so far no, I see a lot of value here, but at these prices. I have to admit if they let us down in the next earnings report and the price fails to pick up before then I'd have to give this a downgrade.
Part of being a trader is finding plays that you see as undervalued and exploiting them. But it's also about not engaging in wishful thinking. So I will give Excel until earnings to show more proof of concept and getting the stock to rally. And that's about it for Xl.
Okay folks, well if you have any questions, feel free to reach out to us in the comment section below or join us on zip Trader circle if you were wondering what broker to trade these stocks so well. We always like to send new traders over to Weeble and they are offering four free stocks if you sign up and deposit with our link in the description below. They have many great tools such as after hours in pre-market trading and a lot of good scanners so make sure to check them out if you are broke or curious. And of course if you'd like to learn how to trade, would like access to our morning briefings and private chat. Well we also have ziptraderu linked below. Anyways, have a great day and I'll see you in the next video.
It was not just RobinHood. Scalable Capital, Webull, eToro and Trading 212 also blocked buying and thats just the platforms i know. And there is already a technical solution to that mess. Decentralized exchanges (DEX) like Uniswap!
Are we not going to talk about the fact that webull also limited GME trades???
100% agree
All I know is that on Reddit they're all excited about the new MMED
Charlie is that some trendy Earl Grey you're quaffing? 57 Whatever it is Twinings Earl Grey might be the tea that hits the spot. Listen out of town, out of signal (job) and and out of country (CDN) AND I have a perspective hopefully that eases your frustrations with Robbinghood. A demoocrat goverment means you stateside investors pay more taxes for the privelege of investing. Has that what's really* got your goat here? I agree with you any broker should be reprimanded for trying to interfere with the market, simply not their prerogative. That said longs have been taking it for a very long time this kick in the teeth from flimsy veiled excuses to trigger short sell offs. That plus now having to pay capital gains makes the retail investor the butt of every intuition buyer's jokes. Upshot is the SEC needs to crackdown hard on ALL parties who interfere or manipulate for I'll gotten gains. Well guess what? 57 Elizabeth Warren is just the person to screen out all the market miscreants and drain the swamp. Patience I enjoy your sense of humor don't lose it by lowering yourself to the immoral few.
I'm sure RH's decision to limit stock purchases had nothing to do with DTCC and the hedge funds that back them…
Charles Schwab did this Friday I think I screenshot it because I hadn't seen it before. Total manipulation.
AMC is where I put my money. Love that stock
I hope Robinhood will go bankrupt after this, people should not use that immoral, cheating app. What a bunch of traitors!
Ok so the MARA up 20% is a bit disingenuous. It's beat down hard since you first called it out. My $25 call is still down, which was supposed to be a value.
Also, Robinhood should be jailed and refunds to actual cash investors of those stocks.
Exactly. We probably don't have a leg to stand on with the current lawsuit, based on the contract we agreed to with RH. But it looks like there could be a case against them for market manipulation.
No one was allowed to BUY GME right?
But you were allowed to SELL GME.
But to be able to SELL GME……
SOMEONE
had to be BUYING !!!!???? 🤔
Geee… I wonder WHO…. 🙄
Gamestop
Won't stop
Can't stop…..
🤣🤣🤣🤣
Melvin capital is owned by citadel and sit at all owns 40% of Robin Hood and then Robin Hood didn’t let people buy GameStop but let Melvin capital buy and sell freely for the price will drop doing so they prevented melvin capital with citadel both from going bankrupt of course is illegal they literally stalled hundreds of millions if not billions of dollars from the average Joe this is the robbery of the century
Americans should use Fidelity and Vanguard.
Australians can use SelfWealth,
Your theory of what will happen to GME? WSB believes it will take off next week. 🚀🚀🚀
Maybe people should move their accounts to platforms that allow free market trading – if everyone leaves the platform I bet they'll change their mind – power to the people
Seems like Hedge funders had a sit down with RH and they caved.🤷🏻♂️
Nokia medium/long term? $50??
2021-01-29 – BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 333,048,530 shares of Nokia Corp. (US:NOK).
Webull did the same thing.
So where does someone like me, who only has a couple hundred to play with, go? It's been an interesting experience to see how things work, learn about the market and the dirty games, etc. I'd like to keep a little money in it, but most brokers require huge (for me) deposits. Do I just not invest? Or is there a better option than RH?
We moving to Silver markets now. Down trending market is a reflection of the day Biden took office. No one trusts his economic policies and with Gold/silver prices going up. Shows how uncertainty of a strong market is playing out. Talk of a stock market collapse is fueling a market pull back. Robinhood will get crushed by the average investors. If they go public ipo then they will lose everything. I would like to see a study/survey to see how many investors have left Robinhood by Monday.
I owe you Charlie. You sell…I'll hold 💎👐🚀🚀
Dith guyth wythp, makeths him interethting to lithten to.
I guess they instead block users to trade free with their own money. Just should started to margin call the people with x amount of shares of those stocks and don't let to buy them with margin.
Laughed at "AMC to the MOON … Game Stop, can't stop, won't stop!" Pure Gold
ROBBING THE HOOD more like lmao
I have big hope on Mara
AMC to the moon 🚀🚀
Free market?? Free for 1%
WHAT ARE YOUR THOUGHTS ON THIS FOLKS? LET US KNOW BELOW!