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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by tommoor on Thursday January 28, 2021 @11:07AM (#25944035)
Even when they're not buying on margin GME is in a short term bubble that will soon pop and leave millions of their users worse off than before. There probably was some internal logic of "protecting" folks from themselves whether we agree with that or not.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by ApolloFortyNine on Thursday January 28, 2021 @11:31AM (#25944417)
Did they stop people from selling in March when the World was panicing about Covid, despite most people assuming the stock market would rebound?

The answer is no.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by argonaut on Thursday January 28, 2021 @12:22PM (#25945166)
> most people assuming the stock market would rebound

No, people / pundits / the media were widely proclaiming that the healthcare system would be overrun and the next great economic depression was upon us. Most people assumed the stock market would continue to fall.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by hindsightbias on Thursday January 28, 2021 @12:20PM (#25945141)
Quite a bit of difference from markets being influenced by outside events and the market being influenced by your gamified platform.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by imtringued on Thursday January 28, 2021 @01:49PM (#25946891)
Buy high, sell never. Everyone who bought the stock has already written it off as a complete loss. Everyone is banking on being worse off than before. They still buy it for the entertainment value and Robinhood denied them that.
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