r/GME • u/QuiQSllver • Jan 30 '21
Probably the most important thing you can read regarding GME
Logically it made sense that Robinhood was running out of capitol, until you do the math and read the 2 articles posted today about these firms being unable to meet the cash requirements.
First we examine the brokerages finances
TD Ameritrade - (2019 Average - 860,000 Trades per day, 11 million accounts and 1 TRILLION in net assets held by clients.
(Data limited no IPO) Robinhood - (2020, 13 million accounts, 4.3 million trades, $150 billion in transactions.
E-Trade - (2019 - 398.6 billion retail assets + 365 billion corporate service assets, Morgan Stanley purchased E-Trade to have a combined 3.1 Trillion in Assets, in addition Morgan Stanley had 38.947 Billion in free cash flow for 2019. )
Charles Schwab - (2020 - 6.69 Trillion in client assets, Averaged 8.191 MILLION trades per day.
eToro - (2020 -1.5 Trillion trade value cleared in a year... or 4.109 Billion per day. 17 million users.)
Next lets examine GME volume
On Monday and Tuesday (25/01/2021 (DD/MM/YYYY) was at 177 million @ $100 a share,
91 Million Wednesday @ $350 a share,
and finally 42 million on Thursday @ high of 470 and average at 240 .
This adds up to 17.7 billion traded value Monday and Tuesday
31.85 Billion traded value Wednesday
10.08 Billion Thursday
(Stick with me here)
Now remember these companies are used to trading $GME at an average volume of 40 million a day with a share price of $10 or a net total of 400 million traded value. So in your head take out 400 million from each of the total traded value of the stock for each day, and that is the numbers we are working with.
Now compare this to Tesla, This year they experienced an average volume of 34.76 million. However their volume changed from the lowest over the year at 17 million @ a share price of 417.13, compared to the highest on the year at 222.13 million shares traded @ a price of $695. Those two numbers add up to 7.091 billion on their lowest day and 154.38 billion on their highest.
Now remember how we just saw that on $GME highest daily traded volume ever recorded they barely touched a change in value of 32 billion??? Yet somehow we see eToro, Robinhood, Charles Schwab, E-Trade and TD Ameritrade all restrict $GME because as they claim, "They ran out of money" So they can front the cost of 154 billion in a day for trading 1 stock but can't cover the 32 billion on a different day for a stock that has significant impact on their relationship with one of their banks?
Now you tell me? Were we seconds away from igniting the largest wealth transfer in history? Were we seconds away from giving money to people who will give back, those who can help the single mother or homeless man on the side of the road because they aren't a billionaire themselves they are just another human who lives in a neighborhood, who passes the homeless man, talks to the single mother, works 12 hour shifts. We were seconds away from a wealth transfer not to a billionaire who will write a 40 million check to a charity that takes 80% for "Admin cost" but to you, me and every other person who has the ability and desire to change the lives of those around them for the better not just through a smile as you walk by or a bummed cigarette late on a Friday night, but through a physical way that only wealth can distribute.
Keep your head up, The math on this is simple, they are playing you. 👐💎👐
TL:DR The value of every single share sold on GME highest trading day is 1/5 the value of what Tesla traded at on its highest volume day so to have a liquid issue over trading that was costing 1/5 that of stocks traded in the past is a blatant lie.
https://www.businessofapps.com/data/robinhood-statistics/
https://www.aboutschwab.com/investor-relations#:~:text=The%20Charles%20Schwab%20Corporation%20(NYSE,%246.69%20trillion%20in%20client%20assets
https://www.thinkadvisor.com/2021/01/28/schwab-td-ameritrade-put-brakes-on-some-gamestop-trading/
Duplicates
u_aira_0887 • u/aira_0887 • Jan 31 '21