Looks like the Robinhood became corrupt and ratted his outlaws out to the Sheriff of Nottingham
Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
481–490 of 1001 posts
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#482If the prevent buy and let people only sell stock it is going to create a great market imbalance that will just crash the stocks blocked.
For once this done by multiple broker is pure market manipulation because it is going to have a huge effect on the blocked stocks... and will leave big fish with direct access dictate the direction.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#483So what do the apologists for wealth concentration that cite the supposed "Free Market" as a reason to fight market regulation think of this? Is this not real free market behavior? If not, are the activities of hedge funds not real free market behavior?
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#484so much for the free market
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#485This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…
Exactly my thoughts. It's only a matter of time now. I'm most surprised it hasn't started in earnest yet.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#486This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…
I hope you get well soon. Maybe see a psychiatrist.
You are taking Stocks linking them to alt-right then to violence. What? You look like a close devotee of an incompetent president whom we just fired. He was also super-spreader of conspiracy theories. No one had any problem with any other conservative president or progressive for that matter until he showed up.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#487Earlier quoted context omitted.
Hey, crowd, you are not allowed to buy up the stock like that! Someone is gonna get hurt on the way down! “Here let us help you” — closes down exchanges, panic sell — “isn’t that all better?” People with their money stuck and unable to cash out... so much better eh? I smell a huge class action lawsuit
Well, to be fair - they are at least allowing sales, just not purchases.
Who do you sell to if purchases aren't allowed?
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#488This sort of stuff will put people more and more on edge, there is the deplatforming going on, people asserted their power financially, and now getting that removed too, the powers that rule USA don't realize that soon the only tool left to common people is violence? Even more with some irresponsible newspapers blaming the whole thing on GamerGate and Alt-Right, effectively pushing away people that previously could b…
> the powers that rule USA don't realize that soon the only tool left to common people is violence? What's even more concerning to me is that, to platforms looking for an excuse, your comment could be painted as trying to "incite" violence, and used as a justification to ban you.
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
― Warren Buffett
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#489Can someone help me understand Robinhood's POV? This just seems so outrageous that there must be some sane rationale that I'm not seeing. Why do Robinhood, Reddit, Discord, etc feel like they have to respond to this? Whether the investments being made are responsible or not, it doesn't seem like it should be their place to intervene. If the hedge funds over-shorted GME and WSB recognized that and traded against that…
One possible legitimate reason is the risk to Robinhood themselves. They allow margin trading and I think anybody would agree that buying GME at these crazy prices on margin is incredibly risky. If the traders can't pay, Robinhood or their bank/insurers are on the hook. Also even though the narrative here is Robinhood traders vs hedge funds, surely there are also a lot of shorts on Robinhood too, so there's more margin risk from those too.
However why not just disable margin trading on these stocks instead of shutting them off altogether? I don't really know enough to say. Maybe there are additional risks somewhere unrelated to margins? Or maybe the upstream market makers are forcing their hand. Or maybe it's some combination of reasons, including pressure from people who are on the losing sides of these bets.
> Why should Robinhood pick a winner (siding against their own customers)
As others have often pointed out, Robinhood is in some ways analagous to social media companies. Their end users are not their customers, because it's a free service. The customers are the businesses on the other end, in Robinhood's case the market makers who are paying for the right to front-run trades. If this is no longer profitable for them due to crazy volatility, they can apparently stop allowing trades at any time.
Re: Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop
#490This is unbelievable. If there ever was a time to be outraged. This is naked corruption as usual hiding under the shabbiest veil of virtue. RobinHood traders can bankrupt and kill themselves, and that is fine, we will continue prodding them to trade more often, but once we get a call from one our hedge fund buddies, moaning about the rubes stopping him from raping another company, we will shut the rabble down.
Please don't use rape as a metaphor.
It may be a literal use of the archaic meaning, as in 'rape and pillage'. Obviously insensitive though.