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by zenbane
1785 days ago
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Robinhood, along with half a dozen other banks/brokers who were well capitalized all decided to restrict trading, and continued to do so until the price was 1/10th of the high. Just a little poor money management folks, nothing to see here! |
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They weren't well capitalized. What gave you that idea? Just to preempt the "but DTCC said so" reply: https://news.ycombinator.com/item?id=28000185
>and continued to do so until the price was 1/10th of the high
Because the price isn't a relevant factor. GME being 1/10th the price just means that people would buy 10x more shares, leading to the same deposit requirements.