Comments by "michael" (@michaeld4861) on "Robinhood Just Responded To Us (CEO u0026 I Talk)" video.

  1. I'm not trying to defend him but I don't think Telsa had the same 1-2 day momentum. Tesla never went up over $350 in one day and Robinhood did probably have a higher number of GME buying customers (as well as less capital) than almost every other trading platform. Just something to think about. I think the situation is fucked up as well and frankly I don't understand why shorts are even legal and since they are I think it should be illegal to halt trading on a shorted stock for the specific purpose of avoiding things like this even if the company has some cash problem because of it. If the only problem was capital to cover the transactions and they can't use customer's deposits then surely they can raise money quickly or get a loan to cover a couple days.
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  2. I can understand his position maybe but the fact that it fucked retail investors while benefitting hedge funds is still a major issue. The whole thing is a double standard, hedge funds can place their bet but gets limited or canceled. I think shorts should be illegal in the first place but also that companies should be barred from placing these temporary halts to trading, especially if there are shorts on that particular stock and if the company can't cover the capital they should have an extra couple days or whatever (in the case of a rare event) to raise it. Anyways, I read that the hedge funds are shorting a bunch of struggling entertainment and leisure stocks right now so hopefully it doesn't happen again.
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