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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by owenversteeg on Thursday January 28, 2021 @08:43AM (#25941614)
Wow. First the Discord ban and then this - clearly the billionaire hedge fund managers have been busy pulling strings overnight.

Limiting it so you can't buy, you can only sell... Very clearly helping the hedge funds here.

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by engineeringwoke on Thursday January 28, 2021 @09:21AM (#25942078)
Citadel is one of the "cheater" funds along with Melvin, Point72 (previously SAC Capital Advisers) and Maplelane (ex-Galleon Group). They all have connections to insider trading of some sort since it was legal to know stuff like earnings beforehand, etc. before reg FD in 2001, and the seeds from that age are still there in these funds. They certainly aren't the type to be below doing something like this.

Citadel could also be absolutely fucking themselves if they end up in discovery over this. It could mean the end of this era of funds. Many would be glad to see them go.

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by geerlingguy on Thursday January 28, 2021 @08:45AM (#25941638)
The head of NASDAQ even suggested a Tradimg Halt so institutions can adjust to combat retail investors better!
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by shut_it_down on Thursday January 28, 2021 @08:51AM (#25941691)
We're close to reaching a "let them have cake" point of elite arrogance.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by swiley on Thursday January 28, 2021 @09:50AM (#25942539)
Every day of 2021 I'm thinking those people with the guillotine were less crazy.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by NortySpock on Thursday January 28, 2021 @12:47PM (#25945597)
Those elites making the rules and the power plays need to remember: "Those who make peaceful revolution impossible will make violent revolution inevitable." John F Kennedy

Elites: better leave some safety valves in the system. People have been getting angry in the last year.

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by piva00 on Thursday January 28, 2021 @03:15PM (#25948380)
People have been getting angrier since 2008. Lots of those that were young and suffered through are adults now, the ones that were adults are getting older and everyone is still pissed off about what happened.

I definitely feel I'm getting squeezed, even though I've increased my salary quite a lot since 2005, including moving continents to pretty good jobs in Europe. I can feel the squeeze in society, with friends that even in a rich nation with a good salary still don't look very brightly into the future. Climate disasters incoming, also propelled up by the elites (or at least delaying action against, inaction is an attack in this case).

People were tired, now a lot are tired, bored, unemployed and angry.

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by h_anna_h on Thursday January 28, 2021 @08:55AM (#25941744)
We were already on that point at least since the bank bailouts.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by joshstrange on Thursday January 28, 2021 @12:45PM (#25945562)
More like "Let them have shortcake". This is absolutely ridiculous.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by wocram on Thursday January 28, 2021 @01:28PM (#25946469)
A long halt would be bad for shorts, since they would be stuck paying the 125% annualized borrow for the duration of the halt.

And practically a halt doesn't _really_ affect the prices.

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by eli_gottlieb on Thursday January 28, 2021 @08:56AM (#25941747)
Luckily, I used my Vanguard account instead of making a Robinhood.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by thinkingemote on Thursday January 28, 2021 @09:03AM (#25941844)
Now people are moving away from Robinhood is it only a matter of time before the other platforms do the same?
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by 0x008 on Thursday January 28, 2021 @11:35AM (#25944467)
Even european brokers now forbid buying gamestop/AMC.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by eli_gottlieb on Thursday January 28, 2021 @10:14PM (#25953338)
I don't think Vanguard will, since they have a limit on orders per day precisely to stop people from, well, day-trading.