Discern Report is the fastest growing America First news aggregator in the nation.
Update 1017 EST: Bloomberg is reporting that the SEC and Fed will likely take “little action” over the trading in GameStop and other names – but that it may include a trading suspension in the names.
Analysts told BBG: “We do not believe the SEC will issue an emergency order nor will the Fed change margin requirements. The only possible action that will potentially be taken is the SEC suspending trading in one or more of the names for one to two business days”
Update 0950 EST: Robinhood (once again) appears to be down. There’s no word on whether the disruption is just from the volatility or whether or not it is directly related to the platform’s ban of buying certain equities:
ROBINHOOD SAYS ISSUES WITH EQUITIES, OPTIONS, CRYPTO TRADING
ROBINHOOD SAYS DISRUPTION WITH IOS, ANDROID AND WEB APP
ROBINHOOD SAYS EXPERIENCING SERVICE DISRUPTION
Update 0925 EST: Interactive Brokers has joined Robinhood and has put option trading in some names into liquidation. This headline crossed the terminal around 0925EST:
INTERACTIVE BROKERS PUTS SOME OPTION TRADING INTO LIQUIDATION
In a statement to CNBC, IB said:
“As of midday yesterday, (1/27/2021) Interactive Brokers has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets. In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice. We do not believe this situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only. We will continue to monitor market conditions and may add or remove symbols as may be warranted.”
Additionally, Robinhood has released the following statement:
“We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities.”
We can’t help but wonder…
Dear free and efficient markets, is there a restricted list for stocks that anyone without a Hampton's mansion can no longer trade?
— zerohedge (@zerohedge) January 28, 2021
Update 0842 EST: Barstool Sports’ Dave Portnoy has weighed in on the restriction, stating “Either @RobinhoodApp allows free trading or it’s the end of Robinhood. Period.”
Either @RobinhoodApp allows free trading or it’s the end of Robinhood. Period.
— Dave Portnoy (@stoolpresidente) January 28, 2021
He has also Tweeted: “And it turns out @RobinhoodApp is the biggest frauds of them all. “Democratizing finance for all” except when we manipulate the market cause too many ordinary people are getting rich.”
He continued: “Somebody is going to have to explain to me in what world [Robinhood] and others literally trying to force a crash by closing the open market is fair? They should all be in jail.”
Dr. Joseph Mercola said, “Synthetic meat is the epitome of ultraprocessed food, and it seems naïve to think it won’t have health effects similar to other ultraprocessed junk foods.” For All-American REAL beef raised in pastures, sous vide, then freeze-dried for long-term storage, visit Whole Cows and use promo code “no junk” at checkout.
Somebody is going to have to explain to me in what world @RobinhoodApp and others literally trying to force a crash by closing the open market is fair? They should all be in jail.
— Dave Portnoy (@stoolpresidente) January 28, 2021
Ameritrade I expect. @RobinhoodApp entire business model is to cater to the exact people they are now trying to fuck with and scare into selling. They will never recover from this.
— Dave Portnoy (@stoolpresidente) January 28, 2021
One day after TD Ameritrade implemented unprecedented restrictions on trading in GME, AMC and other massive short squeezes, on Thursday morning reports are circulating on social media that Robinhood is no longer allowing GameStop or AMC share purchases.
“Robinhood Removes GameStop, AMC; Puts Notice On Pages Saying ‘You Can Close Out Your Position On This Stock, But You Can Not Purchase Additional Shares’,” Benzinga reported at about 0830 EST.
The report was corroborated by additional sources shortly after 0830 EST.
Ok seems like it's true from the numerous #Robinhood traders that have confirmed they cannot trade #GameStop #AMC or #Express on their accounts right now$gme$amc$exp https://t.co/CRbu1fCofr
— Susan Li (@SusanLiTV) January 28, 2021
Users are reporting the same on Twitter.
— Derek Ross (@derekmross) January 28, 2021
There are also scattered reports that the app has restricted BlackBerry. Users on social media are furious:
In case it wasn't obvious yet, they'll do anything to prevent retail from making lots of money in the stock market. Robinhood just proved this by removing $GME, $AMC and more.
— Michael Handschuh (@mhandschuh) January 28, 2021
Is @RobinhoodApp really blocking $GME sales so these fucking hedge funds can cover their short? Disgusting
— Maeds (@Themaeds) January 28, 2021
Funny to see @RobinhoodApp promoting Finance Democracy whilst blocking people who are exactly exercising finance democracy from buying $GME, $AMC and $NOK. pic.twitter.com/fjkDcupZxT
— Derek 🇭🇰💎👋🚀 (@derekhkwok) January 28, 2021
COVID-19 lockdowns are taking down an independent news outlet
Nobody said running a media site would be easy. We could use some help keeping this site afloat.
Colleagues have called me the worst fundraiser ever. My skills are squarely rooted on the journalistic side of running a news outlet. Paying the bills has never been my forte, but we’ve survived. We have ads on the site that help, but since the site’s inception this has been a labor of love that otherwise doesn’t bring in the level of revenue necessary to justify it.
When I left a nice, corporate career in 2017, I did so knowing I wouldn’t make nearly as much money. But what we do at NOQ Report to deliver the truth and fight the progressive mainstream media narrative that has plagued this nation is too important for me to sacrifice it for the sake of wealth. We know we’ll never make a ton of money this way, and we’re okay with that.
Things have become harder with the coronavirus lockdowns. Both ad money and donations that have kept us afloat for a while have dropped dramatically. We thought we could weather the storm, but the resurgence of lockdowns that mainstream media and Democrats are pushing has put our prospects in jeopardy. In short, we are now in desperate need of financial assistance.
The best way NOQ Report readers can help is to donate. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well. We need approximately $17,300 to stay afloat through March when we hope the economy will be more open, but more would be wonderful and any amount that brings us closer to our goal is greatly appreciated.
The second way to help is to become a partner. We’ve strongly considered seeking angel investors in the past but because we were paying the bills, it didn’t seem necessary. Now, we’re struggling to pay the bills. This shouldn’t be the case as our traffic the last year has been going up dramatically. June, 2018, we had 11,678 visitors. A year later in June, 2019, we were up to 116,194. In June, 2020, we had 614,192. In November, 2020, we hit 1.2 million visitors.
We’re heading in the right direction and we believe we’re ready talk to patriotic investors who want to not only “get in on the action” but more importantly who want to help America hear the truth. Interested investors should contact me directly with the contact button above.
As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report going.
American Conservative Movement
Join fellow patriots as we form a grassroots movement to advance the cause of conservatism. The coronavirus crisis has prompted many, even some conservatives, to promote authoritarianism. It’s understandable to some extent now, but it must not be allowed to embed itself in American life. We currently have 11,000+ patriots with us in a very short time. If you are interested, please join us to receive updates.
[yikes-mailchimp form=”1″]
Covid variant BA.5 is spreading. It appears milder but much more contagious and evades natural immunity. Best to boost your immune system with new Z-Dtox and Z-Stack nutraceuticals from our dear friend, the late Dr. Vladimir Zelenko.