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

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by scruple on Thursday January 28, 2021 @01:02PM (#25945930)

I can walk into any gas station in the country and blow as much money as I care to on lottery tickets. I can drive to Las Vegas and walk into a casino and do practically anything I want with my money. This is America and retail investors are (hopefully) all legal age and are participating of their own free will.

Hedge funds have treated the stock market like their own personal casino for decades. When the house starts to lose at their own game, due to their own greed, it's suddenly a problem?

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by unityByFreedom on Thursday January 28, 2021 @05:05PM (#25950066)

Casino is right but you can't easily get to one. They're highly regulated and not everywhere for a reason, which is they make masses poor and are generally bad for the economy. Great you get tax money but you've destroyed people's lives to do it and people are a country's most valuable asset.

Don't know what you're on about the house losing here. Brokers make a killing on any trade action. Heavy retail day trading inevitably falters and ends up creating tons of poor while money flows into the pockets of a few. See: the year 2000.

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