4 ms·

This is market manipulation 101. I hope they pay for it, but I doubt any lawmaker is interested in investigating them.

by vthallam 6y ago

jefflombardjr 6y ago
Care to explain how this is market manipulation?
- Sholmesy 6y ago
  Certain brokerages are not allowing buy orders for certain stocks, but are allowing sell orders for the same stock, or other unrelated stock. Certain brokerages also have commercial relationships with the people who are in the short position. Feels like a conflict/abuse of your power.
- vthallam 6y ago
  Not letting people buy forces everyone to either hold or sell, bringing down the prices. Moving to a new broker takes time for approval, transfer.
  - hhhthrow43 6y ago
    To your transfer point, Robinhood inappropriately rejected my ACATS transfer that I initiated yesterday, which I started anticipating the collapse of their technical infrastructure. I was, of course, borne out correct and now I’m forced to liquidate with an app that barely works. So they’re even locking the transfer door. I’m talking to a lawyer this morning about options. help@ is silent. Canceling orders doesn’t work, market orders on non-memes are up to 20min to execute, my profile page has been a fastfail 500 for four days, but because I held some of these famous securities their “we want you be informed during these uncertain times” (please) notifications work just fine. If you still use Robinhood it’s time to go. Get out while it’s partially working. As an SRE I’m not sure that’s going to last, and that’s even before dissecting the business model.
- dsaavy 6y ago
  Locking out a specific set of actions for a specific set of investors based on the data you collect on them while allowing one actions (sell) that inevitably drives asset price downward since that's literally the only action people can take.

4 ms·

This is market manipulation 101. I hope they pay for it, but I doubt any lawmaker is interested in investigating them.

by vthallam 6y ago

This is market manipulation 101. I hope they pay for it, but I doubt any lawmaker is interested in investigating them.

jefflombardjr 6y ago
Care to explain how this is market manipulation?
- Sholmesy 6y ago
  Certain brokerages are not allowing buy orders for certain stocks, but are allowing sell orders for the same stock, or other unrelated stock. Certain brokerages also have commercial relationships with the people who are in the short position. Feels like a conflict/abuse of your power.
- vthallam 6y ago
  Not letting people buy forces everyone to either hold or sell, bringing down the prices. Moving to a new broker takes time for approval, transfer.
  - hhhthrow43 6y ago
    To your transfer point, Robinhood inappropriately rejected my ACATS transfer that I initiated yesterday, which I started anticipating the collapse of their technical infrastructure. I was, of course, borne out correct and now I’m forced to liquidate with an app that barely works. So they’re even locking the transfer door. I’m talking to a lawyer this morning about options. help@ is silent. Canceling orders doesn’t work, market orders on non-memes are up to 20min to execute, my profile page has been a fastfail 500 for four days, but because I held some of these famous securities their “we want you be informed during these uncertain times” (please) notifications work just fine. If you still use Robinhood it’s time to go. Get out while it’s partially working. As an SRE I’m not sure that’s going to last, and that’s even before dissecting the business model.
- dsaavy 6y ago
  Locking out a specific set of actions for a specific set of investors based on the data you collect on them while allowing one actions (sell) that inevitably drives asset price downward since that's literally the only action people can take.