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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 beagle3 on Thursday January 28, 2021 @12:47PM (#25945592)
It does because they let them buy on margin.

Interactive Brokers hiked the long margin to 100% (and short to 300%) which is a reasonable way for a broker to behave.

Killing the ability to buy is not.

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by gmethowaway on Thursday January 28, 2021 @01:42PM (#25946758)
IB doesn't allow you buy GME even w/o margin account.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by seniorThrowaway on Thursday January 28, 2021 @02:18PM (#25947429)
I don't think that is correct. They stopped options trading in it not 100% cash backed stock buying or 300% cash backed shorting. I think their position is fairly reasonable and as an account holder there I don't want people going crazy on leverage on this amount of volatility.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by gmethowaway on Thursday January 28, 2021 @02:30PM (#25947629)
That's what they advertise via Twit. But if you try to buy even 1 stock of GME on non margin account (our own money only) it doesn't allow you to do that. I have a screenshot for that if you want. And customer support line is overloaded as expected.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by simplerman on Thursday January 28, 2021 @02:22PM (#25947498)
Got email from IB that you cannot open new positions on GME this morning.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by Trias11 on Friday January 29, 2021 @03:26AM (#25955247)
Probably not even long positions and probably just purely for liability reasons to stay away from the mess when shit hits the fan
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by seniorThrowaway on Thursday January 28, 2021 @02:31PM (#25947657)
ok that is unfortunate I didn't go all the way through with trying to actually buy. I'm a long time customer and they were definitely better before they went public
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