Loading ...And That Is How It Ends
They are starting to limit orders in GME to no new buys.ie liquidations only. That is how they put an end to this nonsense. Any stock they want to tamp down will be no new buys, sell to close only. It will take a while and all the brokers will have to work together but this nonsense’s days are numbered.
When the big Boyz are threatened with losing they change the rules. March of 1980 silver Comex contracts was exactly the same. Liquidation only and no new longs because bullion banks were getting squeezed.
Exactly. I suppose they are free to change the rules to protect themselves, but they are just putting the final nails in these farcical markets. Heads I win tails you lose. I e been cynically saying they will never let goldbugs enjoy windfall profits. They will either tax the ever living hell out of us or just take the metal and miners for pennies.
This cannot be done with cryptocurrency and decentralized exchanges.
Robinhood is dead now.
https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/gameshop-who-done-it/