Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by ZephyrBlu on Thursday January 28, 2021 @02:26PM
(#25947558)
If you look at the comments it seems like the Reddit post was after the announcement from Melvin, because people are accusing them (Melvin) of lying.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by TechBro8615 on Thursday January 28, 2021 @02:31PM
(#25947659)
But also possible the underlying data was collected by EOD the day prior. Point is it's not a very clear data source IMO. Would be nice if real time short interest was public info.
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by breatheoften on Thursday January 28, 2021 @06:26PM
(#25950999)
How is it legal for it _not_ to be? Keeping that information hidden drastically incentivizes naked short selling -- and there is an exploit for naked shorts that will be incredibly difficult to prevent going forward ... no -- the exploit does not really rely on collective action -- it relies on the perception of collective action -- which is definitely fake able in an automated way with current technologies.
Naked shorts at this scale are gonna have to go away and no one will have more incentive to reach that goal than main street wall street ... ideally they can and should do this in a way that simply involves making more information public ...
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr...
by TechBro8615 on Thursday January 28, 2021 @07:13PM
(#25951536)
Yeah, sounds good to me. Maybe some AOC staffer will read this comment and put it in the next bill.