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At that point the stock should have been "frozen", if you disable buy but not sell it means the stock can only go down.
by Thaxll 6y ago
At that point the stock should have been "frozen", if you disable buy but not sell it means the stock can only go down.
- fwsgonzo 6y agoWhich should be, and probably is, super duper criminal.
- sidibe 6y agoDid they block buying, or did they block opening new positions (i.e. could shorts still buy to close)? The latter is completely consistent and all this outrage would be unwarranted.
- rsynnott 6y agoThe latter.
- Thaxll 6y agoThey blocked buying. https://www.theverge.com/2021/1/28/22254102/robinhood-gamestop-bloc-stock-purchase-amc-reddit-wsb https://www.theverge.com/2021/1/28/22254102/robinhood-gamest...
- sidibe 6y agoThat article doesn't help clarify at all because it's just focused on long positions, if anything though I would say it's just about opening vs closing positions, the subtitle says "Users can still close their positions but can’t trade more"
- Thaxll 6y agoWhat is not clear to you? You logged into the app and were not able to purchase shares of GME, plain and simple, you could only sell.