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| Topic | Politics Containment Topic 362: Now With Diet Coke Button |
| Suprak the Stud 01/28/21 5:37:52 PM #393: | Oh and the "robinhood thing" of it all is robinhood is an app meant to be for small traders. Not for huge, crazy wealthy people because they have firms that manage stuff like that for them. Their motto was "let the people trade". Well, the people started trading! And it sent these big companies into the verge of bankruptcy where Melvin in particular had to take out huge loans from other firms. Wall Street does not like this. They coordinate with robinhood, and now on robinhood you cannot buy all these stocks that reddit was targeting. AMC/GME were banned from trading to "protect blah blah blah" but it was clearly done because it was costing these hedge funds and firms absurd amounts of money. I am predicting a huge Streissand effect from this. I sold all mine a couple days ago because I could not believe it would go to $400, but I am also considering getting back in because if there is one thing that would motivate people to dump even more money into this, it is trying to stop them from doing it. Er...I should clarify. Not banned from trading. Banned from buying. You can still sell if you currently have stocks. I've heard they're forcing some people to sell, but that hasn't been widely substantiated yet from what I've seen. --- Moops? "I thought you were making up diseases? That's spontaneous dental hydroplosion." ... Copied to Clipboard! |
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