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A comment on Class Action Lawsuit Filed Against Robinhood. Parent comment

Re:Class Action Lawsuit Filed Against Robinhood by ZephyrBlu on Thursday January 28, 2021 @07:41PM (#25951924)
$118? That's daylight robbery. It must have been the lowest point of trading today.

In fact, when I look at the stock chart on Yahoo the lowest value $GME had was $126!

https://finance.yahoo.com/quote/GME?p=GME

[ Parent | on HN ]
Re:Class Action Lawsuit Filed Against Robinhood by mortehu on Thursday January 28, 2021 @09:18PM (#25952820)
Forced selling doesn't just happen arbitrarily, but precisely because the price is low. Long positions using borrowed or unsettled funds are similar to shorts in that they can be squeezed, just in the other direction.
[ Parent | on HN ]