This could be the shock that brings on the inevitable depression from the Jenga-like buildup of the economy.
Restrictions on Robinhood traders got tighter throughout the day on Friday, only allowing clients to buy a single share of GameStop.
The stock trading app also expanded its list of restricted stocks from 13 earlier in the day to 50.
Maybe so, who knows? Everyone is ready for corrupt folks to have to pay for what they’ve done. We are so beyond ready.
The shock was RobinHood and TD Ameritrade restricting GME purchases, seizing customers’ stock and liquidating their shares at day lows. That is a huge blow to investor confidence. As in trading fundamentals. The fortunes of a single stock or hedge fund are irrelevant in comparison.
Bet this guy is talking the stock UP, so he can short it instead. It’s too high, everybody long is going to get hosed if they don’t get out. Shorting it at $200 wins big when it tanks back to ~$10
Best to get it over with.