I remember Gamestop, but I forgot about Robinhood
Post# of 33002
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Posted On: 11/13/2024 10:08:37 PM
Re: Poseidon360 #32582
I remember Gamestop, but I forgot about Robinhood was blocking their own customers.
I just did one search and read just one thread. There are probably a ton on this topic.
'Can a broker stop a stock from being bought'
Was there any brokerage that DID NOT block trading of the stocks targeted by wallstreetbets short sqeeze maneuver? I'm asking cause I'd like to change over to it, markets shouldn't be controlled by elites.
"The problem was not Robin Hood, the problem was Robin Hood’s client base. They used EXTREME leverage - so much that Robin Hood’s capitalization was brought into question. That was an error. But the people who made the error wasn’t Robin Hood, it was it’s clients."
https://www.quora.com/Was-there-any-brokerage...-by-elites
So it's either Fidelity and/or their customers. Maybe they let someone create 10's of thousands of accounts or someone tipped off 10's of thousands of Fidelity customers to buy 1 share?
IF I was a Fidelity customer, I would do exactly like JR and tell them I am going to move my account as it seems their is something shady going on at Fidelity where all the other brokers allows buys and sells. I'd probably also ask them if I could record the conversation, but then they likely wouldn't say squat.
I saw this comment in another place...
So you can sell VERB at Fidelity. I assume that means you could still short it too if their were any shares to borrow. Talk about much more dubious.
I just did one search and read just one thread. There are probably a ton on this topic.
'Can a broker stop a stock from being bought'
Was there any brokerage that DID NOT block trading of the stocks targeted by wallstreetbets short sqeeze maneuver? I'm asking cause I'd like to change over to it, markets shouldn't be controlled by elites.
"The problem was not Robin Hood, the problem was Robin Hood’s client base. They used EXTREME leverage - so much that Robin Hood’s capitalization was brought into question. That was an error. But the people who made the error wasn’t Robin Hood, it was it’s clients."
https://www.quora.com/Was-there-any-brokerage...-by-elites
So it's either Fidelity and/or their customers. Maybe they let someone create 10's of thousands of accounts or someone tipped off 10's of thousands of Fidelity customers to buy 1 share?
IF I was a Fidelity customer, I would do exactly like JR and tell them I am going to move my account as it seems their is something shady going on at Fidelity where all the other brokers allows buys and sells. I'd probably also ask them if I could record the conversation, but then they likely wouldn't say squat.
I saw this comment in another place...
Quote:
"It may be relevant that they are not choosing to not trade the stock at all, they still allow sell orders. Only buying the stock is (temporarily) blocked while selling is possible, which is much more dubious than not trading the stock at all. –
blues
Commented Jan 28, 2021 at 17:39
So you can sell VERB at Fidelity. I assume that means you could still short it too if their were any shares to borrow. Talk about much more dubious.
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