News for hackers. Stuff that matters.

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 verganileonardo on Thursday January 28, 2021 @12:42PM (#25945485)
As far as I know, they were automatic handbrakes based on excessive volatility. A feature designed to prevent chaos and people from over buying/selling due to panic.
[ Parent | on HN ]
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by cwkoss on Thursday January 28, 2021 @01:28PM (#25946466)
Brokerages preventing users from buying certain stocks is clearly manual, and fairly unprecedented afaik
[ Parent | on HN ]
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by verganileonardo on Thursday January 28, 2021 @02:39PM (#25947803)
Yes. Both things happened. I was specifically talking about halting trade multiple times during the day.
[ Parent | on HN ]