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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="jpilgrim6" data-source="post: 776917" data-attributes="member: 137"><p>Robinhood specifically prevented people from buying ~10 stocks on their platform. They did allow you to sell though. Which is important because Robinhood is where the majority of the people buying those 10 stocks did it. </p><p></p><p>By only allowing people to sell, the price can only go down. Which benefits the hedge funds that have shorts on the ~10 stocks that were affected. The hedge funds that are responsible for funding Robinhood....</p><p></p><p>And yes, I tried buying 2 of the stocks that were prevented</p></blockquote><p></p>
[QUOTE="jpilgrim6, post: 776917, member: 137"] Robinhood specifically prevented people from buying ~10 stocks on their platform. They did allow you to sell though. Which is important because Robinhood is where the majority of the people buying those 10 stocks did it. By only allowing people to sell, the price can only go down. Which benefits the hedge funds that have shorts on the ~10 stocks that were affected. The hedge funds that are responsible for funding Robinhood.... And yes, I tried buying 2 of the stocks that were prevented [/QUOTE]
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General Investing and Economics Discussion - No Politics
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