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Trading platforms halting trading on certain securities
Posted on 1/28/21 at 10:40 am
Posted on 1/28/21 at 10:40 am
Is not some new phenomenon. All trading platforms in existence have done this before Robinhood even existed. It just didn’t have as much public and media attention so most people didn’t know about it.
So move your money to any platform your heart desires, but know that that platform has done the same thing that you are mad about, and they will do it again.
So move your money to any platform your heart desires, but know that that platform has done the same thing that you are mad about, and they will do it again.
7
Posted on 1/28/21 at 10:44 am to Lgrnwd
I’ve never seen it get halted in one direction - you can sell but you can’t buy.
Maybe it has, but I’ve never seen it.
Maybe it has, but I’ve never seen it.
Posted on 1/28/21 at 10:47 am to Tigerfan56
quote:
I’ve never seen it get halted in one direction - you can sell but you can’t buy.
Maybe it has, but I’ve never seen it.
I don't recall it happening before like this under the spotlight. Pretty brazen.
Posted on 1/28/21 at 10:49 am to goofball
Yes the only difference this time is that it was done with a huge spotlight shining on it.
Posted on 1/28/21 at 10:50 am to Lgrnwd
quote:
Is not some new phenomenon.
Please point me to your sources where a trading platform halted buys but allowed sells for a group of shorted securities due to high retail interest.
Idiot
Posted on 1/28/21 at 10:50 am to Lgrnwd
WEBULL is still allowing trading on it
Posted on 1/28/21 at 10:51 am to Jjdoc
not anymore they aren't. can sell but not buy any of the shorted stocks that are trending
Posted on 1/28/21 at 10:52 am to Tigerfan56
quote:
I’ve never seen it get halted in one direction - you can sell but you can’t buy.
Rules are rules until the rulemaker decides they're not.
Seems to be a common theme recently.
Posted on 1/28/21 at 10:52 am to Lgrnwd
You are FOS if you are trying to say that what is going on is normal or routine. It is not. It is unprecedented.
Posted on 1/28/21 at 10:54 am to Lgrnwd
Halting trading? They haven’t halted trading. They only halted buying. That is garbage.
Posted on 1/28/21 at 10:55 am to Lgrnwd
These brokers are afraid the short hedge funds will not cover their shorts leaving them with liabilities to their customers.
Basically they are protecting their own businesses. The stock they say you have may not get delivered because the hedge fund fails and does not cover it's shorts. That will leave the broker having to find stock for you.
They do not want to buy stocks that do not exist from people that cannot deliver for your account. Thus the sell only restriction.
Basically they are protecting their own businesses. The stock they say you have may not get delivered because the hedge fund fails and does not cover it's shorts. That will leave the broker having to find stock for you.
They do not want to buy stocks that do not exist from people that cannot deliver for your account. Thus the sell only restriction.
This post was edited on 1/28/21 at 10:57 am
Posted on 1/28/21 at 10:55 am to Lgrnwd
quote:
know that that platform has done the same thing that you are mad about, and they will do it again.
Give examples of this if you know so much about it.
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