Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by factsaresacred on Thursday January 28, 2021 @10:23AM (#25943174)

Where's the coordination? People in subreddits are talking about what they are doing and others are choosing to do the same thing.

No different from somebody on CNBC providing stock picks.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by llampx on Thursday January 28, 2021 @10:30AM (#25943329)

Exactly. CNBC is the biggest market manipulator with a huge mouthpiece. Anytime Cramer mentions a stock in favorable terms it goes up, at least short term. Meanwhile we know that he is friends with hedge funds and at least part of time is probably taking positions before going on TV.

We give that a free pass but suddenly a loosely-organized internet forum is a problem.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by koheripbal on Thursday January 28, 2021 @12:09PM (#25944991)

There are two major differences...

1. If Cramer said "Hey, let's all buy this stock because there is a potential short squeeze.", then that would be illegal because it's attempting to create an artificial market pump through short squeezing.

2. Cramer is LICENSED to give investment advice. A licensed doctor can go on TV and make medical recommendations. Reddit specifically bans subs that try to do that.

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