4 ms·
Clarification: It did not prevent you from selling your holdings (ie. did not make you a bag holder). It only prevented you from opening a new position.
by quartus 6y ago
Clarification: It did not prevent you from selling your holdings (ie. did not make you a bag holder). It only prevented you from opening a new position.
- hedora 6y agoIt prevented people that bought on margin from selling during tomorrow’s short squeeze, since it auto-liquidated their positions. At the same time as it auto-liquidated the positions, it blocked attempts to purchase the liquidated stock. One of their major investors directly benefited from the resulting market distortion.