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Did 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

by sidibe 6y ago

Did 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 ago
The latter.
Thaxll 6y ago
They 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 ago
  That 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 ago
    What 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.