Discussion » Questions » Current Events and News » Should the market etc be allowed to stop a stock owner from buying or selling their stocks? What happened to FREE MARKETS?
my2cents

Should the market etc be allowed to stop a stock owner from buying or selling their stocks? What happened to FREE MARKETS?

https://nypost.com/2021/01/28/robinhood-blocks-users-from-buying-stock-in-gamestop-and-amc/

Posted - January 28, 2021
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Responses


  • 16763
    It was a deliberate attempt to sink a hedge fund notorious for shortselling (a practice that should be stamped out - hedge funds produce nothing and should be outlawed). Probably successful, too - Melvin Capital faces losses that are greater than its value, it cannot redeem the shares it borrowed (and never could, sheer greed caused it to overcommit - it betted against more shares than actually existed). As soon as Elon Musk got involved (himself the victim of shortselling by hedge funds trying to cripple Tesla), it was game over.
    Eventually Gamestock share prices will fall to their proper value (atm they're inflated by >2300%) but the hedge funds that shortsold it will be history. And good riddance.
      January 28, 2021 3:23 PM MST
    2

  • 34246
    Why should the stock trading apps/companies be allowed to step in a prevent someone from buying/selling shares or even just sell a stock owners shares without their permission?  If it is good for the big hedge funds, is should be good for the little guy....

    Here is an image I seen online....(I am not a trader with this company)

      January 28, 2021 3:28 PM MST
    1