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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 macromaniac on Thursday January 28, 2021 @03:03PM (#25948214)
>Melvin doesn't have a short position anymore.

This makes no sense, if gme isn't shorted then why then break the law and restrict buying it?

And it does feel like they are restricting buys. Seems unlikely that all the trading platforms that rely on citadel coincidentally decided they wanted to hedge against volatility by restricting user buys.

[ Parent | on HN ]
Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by macromaniac on Wednesday February 03, 2021 @06:48PM (#26020809)
I am ashamed to have written this comment. I didn't know about clearing houses and shouldn't have been so arrogant in a field I'm not familiar with. Funnily enough I put my money where my mouth was and profited, but that was just luck. Whatever.
[ Parent | on HN ]