Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by matthewrobertso on Thursday January 28, 2021 @02:16PM
(#25947389)
>Why wouldn't you short GME after the price has risen so high?
Because the stock is already over 100% short and an army of retail investors is purchasing it
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by whimsicalism on Thursday January 28, 2021 @02:27PM
(#25947585)
So? If you had shorted GME yesterday, you would make a bunch now that the price has collapsed.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by matthewrobertso on Thursday January 28, 2021 @02:33PM
(#25947702)
What if the price goes up further? It's already rebounded 50% from the short ladder/blatant robinhood manipulation. Why put yourself on the hook for something during a black swan event?
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by whimsicalism on Thursday January 28, 2021 @02:41PM
(#25947834)
> Why put yourself on the hook for something during a black swan event?
Because that is also often when it is a good time to make money.
It's entirely unsurprising to me that short pressure on the stock would increase after this.
There is literally no evidence that Citadel has stopped serving GME orders. That is entirely the conjecture of this thread and ignores the much more likelier option that it was Robinhood that limited the stocks.
Why wouldn't you short GME after the price has risen so high? I'm sure there are plenty of hedge funds shorting now at a much higher price.
Hell, I shorted AMC yesterday and have made quite a bit off of that already.