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A comment on Transfer Stocks Out of Your Robinhood Account. Parent comment

Re:Transfer Stocks Out of Your Robinhood Account by calmworm on Thursday January 28, 2021 @10:40PM (#25953556)
Your speculation and saying “a lot of misinformation out there” doesn’t help.

Allowing traders to only sell, and blocking buying is wrong. Who is allowed to buy at that point? Very few retail traders, but every major player who has an upside down stake still can. The price was then tamped down during the lock out so hedges and old money are able to minimize their loses. Anyone pretending this didn’t happen is delusional. RH enabled it.

RH lost a lot of their customers. Possibly millions of them by the time this is over.

To be fair though, it wasn’t just RH and GME either though. Multiple brokers locked out multiple symbols.

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Re:Transfer Stocks Out of Your Robinhood Account by fountainofage on Friday January 29, 2021 @12:32AM (#25954372)
They will likely lose a lot of their users. The users were never the customers - not even the gold ones.
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Re:Transfer Stocks Out of Your Robinhood Account by roywiggins on Friday January 29, 2021 @12:42AM (#25954439)
Which broker do they go to instead? The big competitors at least temporarily halted GME buying today also.
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Re:Transfer Stocks Out of Your Robinhood Account by fountainofage on Friday January 29, 2021 @06:45AM (#25956300)
Off the top of my head I recall etrade, fidelity, schwab, and TD ameritrade allowed people to buy GME. I understand being able to buy on margin has been restricted almost everywhere, though.
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Re:Transfer Stocks Out of Your Robinhood Account by roywiggins on Friday January 29, 2021 @09:07AM (#25957338)
Idk, this seems to indicate that E-Trade turned off buying entirely for a bit.

https://www.theverge.com/2021/1/28/22254863/etrade-gamestop-...

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