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re: My experience with transferring an IRA to Robinhood for the 3% match
Posted on 5/2/24 at 8:12 pm to npt817
Posted on 5/2/24 at 8:12 pm to npt817
Wouldnt that have been worse locking their customers into the position while the bottom fell out? At least customers could still bail on the position if they wanted to. Diamond hands
This post was edited on 5/2/24 at 9:40 pm
Posted on 5/2/24 at 11:25 pm to TorchtheFlyingTiger
Lol, it has nothing to do with Diamond Hands and everything to do with some shady shite pulled on their supposed customers. The bottom wasn’t falling until they stopped the buys. When all the people could do was sell it started to tumble. They came out a few days later and allowed you to buy but had a limit on how many of those certain stocks you could own. I think it as initially like 1 per person, so if you never sold your gme you still couldn’t buy more. If you were a panic seller you could buy 1 share. But still no limit on sales. They slowly increased the limit of shares you could own and purchase over the next few weeks. You were also restricted from moving shares to another brokerage. So if you wanted to switch to say Fidelity, you had to sell your shares and then transfer your cash. Once the restrictions were taken off GME and the other stocks took off again.
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