RonJohn
Helluva Engineer
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I might be wrong, but what I understood is that Robinhood stopped ALL purchases, even if the person was paying full price in dollars. What I understood from the reporting of the other brokerage firms, they stopped margin, options, shorts, etc. but not fully funded purchases.Selling gets you money back. Buying, especially on margin can causes issues when a stock is performing with so much volatility. Buyers on margin are using the house’s money. That’s also why I said “part of the butthurt” though...they aren’t without criticism.
EDIT: The reporting was so vague that it was terribly hard to decipher exactly who was doing exactly what. The reporting mixed all of the brokerage firms into a group and then listed lots of conflicting things that were being done.
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