01-29-2021, 08:44 PM
pdq wrote:
[quote=Acer]
It's still not clear to me why I should care.
Well, for one, Robinhood, which I thought was supposed to stand on the side of the little investor, somehow decided yesterday that they wouldn’t let their customers buy any more GameStop.
Why? Dunno. But the conspiratorial mind could easily think they were knuckling under to pressure from someone.
I think the stock market is important and should/must exist. I also think there’s a lot of little ways it’s rigged and that’s not right.
PS- I’m not personally involved in either side of GameStop.
Robinhood was/is under-capitalized to play this scenario out at the highest level, and couldn't meet its cash reserve requirements; hence the shutdown while it dug into its credit lines to remain/regain its trading solvency.... If you traded thru Schwab, Fidelity or a real big player, you woulda been fine.
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