Robinhood has banned buying of all stocks that are being short squeezed. Not just AMC and GME, but EVERY ONE OF THEM - KOSS, CTRM, BB, every single one.
“Heads we win, Tails you lose”.
That’s a bit more explicit than a lot of the raping and pillaging that usually goes on on Wall Street.
The point is the large trading groups are allowed to manipulate the individual stocks but the small investor is a chump and not allowed to do it. In the instant case of game stock, how does one short sell more shares then are listed for trading?? Technically you have to deliver shares to the buyer and borrow them from someone else. How does one borrow them when they are all allegedly already committed?? Because it is all a joke, just journal entries in the esters of trading platforms. This time they got trapped. But the SEC steps in to protect the hedge guys. The outcome will be those holding the options will get killed as they drop to zero, the short guys will cover their shorts as the stock plummets and all will be right in the “game”.