But seriously...
I don't think they can order you to sell, but what they are doing is getting the trading houses to block additional purchases of the stock.
When the only option is to hold or sell, as the price begins to fall people will begin to sell to bank their gains.
The question I have is whether the holders of the debt will make the margin calls on the short traders, or if they will wait and let them take new short positions (which are also sell trades) to ride the fall until they recoup their initial losses?
If the stock is already over-sold, there may not be new stock to sell. On the other hand, if they illegally over-sold stocks that didn't exist, who's going to stop them from continuing to do it in a manipulated market that can only go down due to blocking future purchases? The Biden DoJ or SEC? At some point, the market will be "balanced" again by getting the short position down below 100% of outstanding shares.
-PJ
Of course they can order you to sell.
They banned churches from meeting. They sent cops roaming the streets to break up parties. They banned speech. They are trying to ban people who worked with Trump from ever working again.
“Law” is not longer something that matters.
So they illegally sell more stock than what’s available (Citadel). Now they are preventing people from buying more of it from other people, in the hopes that people will dump shares before tomorrow to lock in their gains.
Citadel somehow owns Robin Hood, right?
Is that correct?