RE:RE:RE:RE:Trading Like I was saying, see below. So much for the "free market". If the big boys lose money people will pay big time.
"Robinhood shut down the buying feature for shares of GameStop (GME) and other hot stocks on its app Thursday after a wild week of trading: GameStop stock was $64 at Monday's open, rocketing to $347 at Wednesday's close, a 437% gain.
“We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only,” the company wrote in a blog post.
Other platforms like Interactive Brokers have either confirmed similar moves or been rumored to have placed restrictions, though traffic and trading halts have also stymied traders.
Robinhood also shut down buying of AMC (AMC), BlackBerry (BB), Bed Bath and Beyond (BBBY), Express (EXPR), Koss (KOSS), Naked Brand Corp (NAKD) and Nokia (NOK). Users can only liquidate or close positions.