Comment Comment by flyGuyOnTheSly I really don't know what all the fuss is about.Robinhood decided to halt trading on a number of stocks due to uncommon volatility, just for a day, so they can assess the matter. [0]And as is common practice in the trading world... when a market is closed, you are still allowed to close your position.Which means that you are allowed to sell, and not buy.(If robinhood allowed for true shorting then people could still technically buy by closing their short positions as well.)It's not some huge conspiracy to keep the price down for the little guy.It's actually a fairly common practice in financial exchanges around the world.[0] https://blog.robinhood.com/news/2021/1/28/an-update-on-marke... parent flyGuyOnTheSly 5 years ago
Robinhood decided to halt trading on a number of stocks due to uncommon volatility, just for a day, so they can assess the matter. [0]
And as is common practice in the trading world... when a market is closed, you are still allowed to close your position.
Which means that you are allowed to sell, and not buy.
(If robinhood allowed for true shorting then people could still technically buy by closing their short positions as well.)
It's not some huge conspiracy to keep the price down for the little guy.
It's actually a fairly common practice in financial exchanges around the world.
[0] https://blog.robinhood.com/news/2021/1/28/an-update-on-marke...