Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by TheHypnotist on Thursday January 28, 2021 @08:57AM
(#25941762)
How does allowing trades tank their business? That is their business.
[ Parent
| on HN ]
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by metalliqaz on Thursday January 28, 2021 @09:00AM
(#25941800)
Thousands of new accounts buying one stock for free (while it's at the top) and then disappearing after it tanks is not going to help them. Is this not obvious?
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by koolba on Thursday January 28, 2021 @09:01AM
(#25941817)
That shouldn’t change anything if they require the stocks to be purchased with cash and not margin.
Brokerages can, and do all the time, set specific margin requirements for volatile securities. There’s no reason they can’t do that here as well. (unless they literally can’t because their tech stack doesn’t support it which would be pretty funny)
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by alex_c on Thursday January 28, 2021 @09:04AM
(#25941854)
Then block new accounts for a day or two until this blows over, not specific stocks.
Why would anyone use a trading platform that now has a history of picking and choosing what trades you are allowed to make?
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by zwily on Thursday January 28, 2021 @09:09AM
(#25941916)
Robinhood doesn’t let you choose your free stock, they give you one randomly.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by TheHypnotist on Thursday January 28, 2021 @09:02AM
(#25941824)
Yeah i'm sure they hate the traffic and the increased user base. Get real.