4 ms·
So I generally agree with you and feel like there's some amount of market manipulation and wall street types taking advantage of normal retail investor folks go
by pr0zac 6y ago
So I generally agree with you and feel like there's some amount of market manipulation and wall street types taking advantage of normal retail investor folks going on here. That said, I'd like to challenge some of my axioms and strengthen my own beliefs so raising one question I don't have a good answer for.
If Robinhood is doing what they claim, ie: is having issues fulfilling orders and/or is legitimately trying to protect retail investors by limiting purchases of a volatile asset, wouldn't it be worse if they prevented people from selling as well as buying? Is there some detail I'm missing that makes only limiting buy orders "blatant" proof of market manipulation and not the best possible option they had if they were acting in good faith?
Note: even if my counter argument here is correct, I don't think that necessarily means nothing fishy going on since there are a lot of other questionable factors at play and even if they were acting in good faith within the "stock market game" that doesn't mean the game as a whole isn't rigged.