chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on May 7, 2021 4:38:47 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,102
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Post by Dave on May 7, 2021 4:46:42 GMT -8
After yesterdays discussion concerning RobinHood and the affect it may be having on the market, is there anyone on the board that has joined RobinHood or had any experience with them that they would be willing to share. Good, bad or whatever. I see that it could be used as an indicator of the herd's movement.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,102
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Post by Dave on May 7, 2021 5:19:53 GMT -8
Pre-market is up at +$1.73 so far. May be a very Green Day.
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Post by archibaldtuttle on May 7, 2021 5:51:12 GMT -8
S&P back at all time highs today.
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Post by hyci004 on May 7, 2021 9:15:27 GMT -8
After yesterdays discussion concerning RobinHood and the affect it may be having on the market, is there anyone on the board that has joined RobinHood or had any experience with them that they would be willing to share. Good, bad or whatever. I see that it could be used as an indicator of the herd's movement. I use Robinhood to buy cryptos. I think they are the only platform that allows stock/crypto trading. Customer service is all via email which is bad if you need to talk to someone on the phone. They started the whole free trading with stocks/options/cryptos (that was unheard of before Robinhood). They also have the best rates for margin loan. They will approve anybody with a pulse for a margin account which is dangerous. They had outrages where orders don’t get fulfilled.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on May 7, 2021 10:35:28 GMT -8
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Post by duckpins on May 7, 2021 11:29:32 GMT -8
The forward thinking financial leaders are selling Apple for:
"Peloton said it expected its voluntary recall of up to 125,000 treadmills to cost $165m. It has ceased taking orders, cancelled deliveries, is issuing full refunds and is waiving three months of subscription fees to anyone who keeps their machines which have been reported to cause injuries and one death."
Cathie Wood’s ARK Fintech Innovation ETF (NYSE:ARKF) sold $38.73 million worth of Apple shares on Thursday. didn’t deter a number of Apple options traders from betting over $1.97 million the stock is headed higher.
She bought Peloton. Who would buy an exercise machine that has a subscription fee? Only someone who makes lots of money and cares not for same. Anyone with a pet or kid must know that you don't want mechanized brainless objects that can kill or maim your family in your house or car. The only thing I don't like about my Porsche is the ridiculous seat memory that if on resets the seat with the dog in the car after you close the door. It could crush a small dog easily. That has to be turned off immediately and for my money I wish it were available without such nonsense.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on May 7, 2021 17:46:32 GMT -8
After yesterdays discussion concerning RobinHood and the affect it may be having on the market, is there anyone on the board that has joined RobinHood or had any experience with them that they would be willing to share. Good, bad or whatever. I see that it could be used as an indicator of the herd's movement. I use Robinhood to buy cryptos. I think they are the only platform that allows stock/crypto trading. Customer service is all via email which is bad if you need to talk to someone on the phone. They started the whole free trading with stocks/options/cryptos (that was unheard of before Robinhood). They also have the best rates for margin loan. They will approve anybody with a pulse for a margin account which is dangerous. They had outrages where orders don’t get fulfilled. While their interest rates on margin loans are good, they aren't the very very best. Here's Robin Hood, currently at 2.5% (looks like it dropped from 5% a few months ago): robinhood.com/us/en/support/articles/paying-for-robinhood-gold/For comparison, I haven't found anything lower than at IB. It's a tiered schedule, but currently it goes down to .75%. www.interactivebrokers.com/en/accounts/fees/pricing-margin-rates.phpSome companies will match other places, if they want to keep your business and you ask. FWIW, I currently pay 1.35% when borrowing at least $1M. In the fall, it made sense to buy more, instead of paying more to borrow less. Careful with margin. It's bit me a couple times before. These days I am not risky with it, instead using it as a tool in manageable amounts. Like a credit card, it's possible to get in trouble if you aren't responsible with it. Just putting that out there.
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Post by Lstream on May 7, 2021 19:26:37 GMT -8
I believe that the 30% rejection stat is highly misleading. Our app has been “rejected” several times. This does not mean that the app never gets on the App Store. Usually it means that rejection happens on some technicality. There is no sense appealing. Just fix the technicality and within a day or two, approval happens. There are a bunch of rules that developers can unknowingly violate. It doesn’t mean that the app was ever a security threat or dangerous.
As an example, we were developing a piece of hardware that was going through Apple MiFi approval. A version of our software hit the App Store that had a reference to that hardware in it. Without the MiFi approval in place, the app gets rejected. Remove it, and the app gets approved.
I bet these innocuous rejections happen a lot.
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Post by audiosculpture12 on May 7, 2021 21:55:41 GMT -8
That’s really interesting Lstream. Are you saying the start falsely portrays the quality control in place, or e.g. that most apps are essentially fine except for the technicality? Thanks.
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Post by Lstream on May 8, 2021 4:27:15 GMT -8
That’s really interesting Lstream. Are you saying the start falsely portrays the quality control in place, or e.g. that most apps are essentially fine except for the technicality? Thanks. Note the bolded below. This tells me that for sure, the rejected stat includes apps that are already in the store. Which has happened to us several times, because we broke a rule that we didn’t know about. Another example is that for the longest while, our app had contact information on how to contact customer support. Then, in a minor update our app got rejected for including that. We were forced to remove it, and then we were approved. They actually kicked us off the store for a couple of days for that one. So we are an example of an updated app that would show up in the rejected column, and we would contribute to the rejection percentage. We were also rejected several times on our very first submission, for these types of innocuous reasons. I support the app review process and the protection that it provides to users. I am not sure what Epic is trying to prove by trotting out this stat. But I think this 1/3 rejection rate is overstated, since it seems to imply that the app never gets onto the App Store. We have probably been “rejected” at least a dozen times, but we have had our app on the store since 2012. Except for a couple of days when Apple kicked us out as mentioned above.
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Post by audiosculpture12 on May 8, 2021 11:30:42 GMT -8
Thanks 🙏🏻
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Post by Lstream on May 8, 2021 16:35:06 GMT -8
Just read a story in the WSJ saying that about 200,000 apps were rejected last year for security reasons. Which is about 10% of rejections. Still a big number though.
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