Re:Robinhood is said to draw on bank credit lines amid tumult
by dcolkitt on Thursday January 28, 2021 @09:41PM
(#25953046)
They didn’t cut trades in one direction. They closed new positions in both directions. Buys were still allowed to close short positions, just the same as sells were allowed to close long positions.
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Re:Robinhood is said to draw on bank credit lines amid tumult
by alistairSH on Friday January 29, 2021 @08:52AM
(#25957194)
Thanks for the clarification, I saw similar comments and assumed they were true.
Regardless, that doesn't change the optics to an outsider - the rich guys (hedge funds) get to stop their losses, potentially screwing the little guy.