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You should be able to sell it, yes. But who are you selling it to, if Robinhood is preventing you (and your peers) from buying?
by McDyver 5y ago
You should be able to sell it, yes. But who are you selling it to, if Robinhood is preventing you (and your peers) from buying?
- paulgb 5y agoPeople who use less-crappy brokers, via exchanges. Or market makers, if they are willing to beat the best current offer on the exchanges.
- freshhawk 5y agoSo a smaller pool of people than those people + people on robinhood. So nice convenient price pressure is applied. Which I think is the OPs point.
- paulgb 5y agoConvenient for whom? If the implication is that they were trying to manipulate the market, I agree they should be in trouble, I just don’t think that’s the case. I’d note that the other choice they could have made — blocking selling when it was not necessary — would also have the appearance of market manipulation (in the other direction).
- thaumasiotes 5y agoPeople who aren't on Robinhood.