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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by BoorishBears on Thursday January 28, 2021 @01:28PM (#25946476)
> Yes, lets do them a favor by destroying the value of their life savings they just invested.

Comment pointed out that this hurts retail investors badly. I literally attributed an almost 50% drop to their actions.

But it covers their asses, and it reduces the number of people who can lose their life savings with them. Note the "with them" part

> Are you new? That's the entire reason wallstreetbets exists in the first place. It was always about losing money on purpose.

Are you new? WSB has always had clueless people trying to ride it's coattails, there's the "As and the Rs" for a reason. That's why it used to go private even more often than this.

My comment explains like 3 different ways that the people who did this made a YOLO with "fuck melvin" in mind don't care.

But there's suddenly an entire clueless public trying to clutch onto it, and they don't really know or care what Melvin and yolo and WSB are, they just see a ticker keeps going up because of those reddit guys

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You should read comments before you reply. It's a lot of words but if you're willing to take the effort to reply, take some effort to read.

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by llampx on Thursday January 28, 2021 @02:33PM (#25947704)
You've been defending the actions of the brokers and defending the hedge funds since yesterday. What's up? Hate the little guy much?
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by BoorishBears on Thursday January 28, 2021 @03:03PM (#25948204)
What kind lazy non-comment is this?

I didn't talk about any actions of any brokers yesterday or hedge funds yesterday, and besides, do you think a hedge fund has a HN account?

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Also, hate rationale discussion much? You couldn't refute a single thing I said, the brokers can do something that: I don't like, was self-serving, and good for shorts... but was also the least damaging call for retail... all at the same time.

It sounds like you're taking a bath because you didn't respond to the most blatant sell signal I've ever seen in my life and looking at someone to lash out at...

Pro tip for next time: If your plan works because people are buying and holding... if they can't buy it's probably going to go south.

It was a lose lose situation, the point of halting buys is to stop the pump... if it didn't stop the pump they would have halted the stock.

In fact if GME breaks out and doubles again count how long until it gets halted period for an "investigation".

Everyone was playing musical chairs and the music stopped. Don't get mad at me because you didn't try and find a seat.