3 ms·
Don’t know why you are being downvoted. What you said is exactly what’s happening, and what always happens. When the “free market” moves against the people in
by ta1234567890 6y ago
Don’t know why you are being downvoted. What you said is exactly what’s happening, and what always happens.
When the “free market” moves against the people in power that control it, they exert their power and reign it in.
Why aren’t regulators stepping in to stop Robinhood and all the other brokers who are manipulating the market by blocking their own customers?
Edit: and I guess people reading this don’t like it. Would love a reply with a reason why though.
- bumby 6y agoI didn’t downvote, but isn’t there precedent to halt trading when markets get too volatile? I remember a few years back when JNJ trading was stopped due to HFT “anomalies”. Back then, people had trades revoked when they got a great deal on a reputable company. Whether nefarious or not, it is chalked up to preserving faith in the market by giving breathers when things get too wonky
- depingus 6y ago> isn’t there precedent to halt trading when markets get too volatile? There are mechanisms in place that do this automatically. It's done at the exchange level and includes ALL trades (buy and sell) on a particularly volatile stock. This is functioning normally. GME has been halted many times over the past few days. But what OP is describing is not that. This is retail brokerages, where normal people buy and sell, disabling the "buy" on certain stocks and only allowing "sell". Without the ability to buy, the stock price can only go one way; Down.
- bumby 6y agoThank you for clarifying.