Posted on 01/28/2021 6:44:29 AM PST by knighthawk
American Airline stock is up in premarket trading Thursday and GameStop rose again following a Reddit campaign to boost the shares that drew outrage from Wall Street.
Amid the buying frenzy, the popular trading app Robinhood halted the ability of users to purchase new shares of GameStop on the mobile app, drawing outrage from the Reddit group that touted the stock.
Robinhood on Thursday morning displayed an alert telling users who owned GameStop that they could sell the stock, but not buy it. Other users saw the message 'This stock is not supported on Robinhood.'
(Excerpt) Read more at dailymail.co.uk ...
Interesting that hedge funds are getting payback, but will also be interesting to see how this is handled.
I’m enjoying the heck out of this LOL!
So, the highly paid market “experts” in the hedge funds misjudged possibilities in the market? Weren’t they hedging their bets?
Wall Street can manipulate markets but the retail investor is not allowed to do it.
Interesting how outraged some people become when someone does to them what they have always done to others.
Ping
How can you sell a stock, but not buy it? To sell it you must find a buyer.
We are already seeing how they intend to handle it. People should be pissed off as they are going to attempt to ban trading in any of these stocks that are targeted.
I think they are in trouble this time though. Too many people are reading and participating. It will be like whack a mole trying to stop purchase of each stock that pops up.
I put all of my mother in laws medical nest egg in American Airlines so i guess she’ll do alright. Amazing!
"TURN THOSE MACHINES BACK ON!!!!!!"..................
They halted SNDL right when Dave Portnoy was trying to buy it . sent him into a melt down.
I bought some of that..and already in CLVS which is also moving. Has a high short interest. Saw it on Will Meade’s twitter timeline a few days ago
:strip_icc():format(webp)/the-basics-of-shorting-stock-356327-v2-5bc4c22346e0fb0026b436d3.png)
I think it’s time to short GameStop. :)
Now would be a good time for the CEO of GameStop to sell his/her/xe shares.
Nice, unexpected retirement package.
We are already seeing how they intend to handle it. People should be pissed off as they are going to attempt to ban trading in any of these stocks that are targeted.
I think they are in trouble this time though. Too many people are reading and participating. It will be like whack a mole trying to stop purchase of each stock that pops up.
Yep. This is way past reddit now. I saw a story about day traders in India piling on. These phone trading apps are going to get shut down/taxed would be my guess.
This reminds me of that Cheers episode where Sam gets a “good tip” on where to invest from some rich guys and turns out these rich guys always buy stock in companies losing money and where the stock is going to go down. When Sam finds out, he starts stuffing snacks into his pockets just so he can eat later.
Weren’t they hedging their bets?
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Good point and I see the irony. They certainly could do that but why bother when when you can usually get away with running the markets? I mean, when you can exceed the speed limit everyday while the cops watch you don’t have to slow down.
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