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Re: skitahoe post# 351018

Friday, 01/29/2021 12:07:20 AM

Friday, January 29, 2021 12:07:20 AM

Post# of 821229
The trading halt was initiated by Robinhood due to clearing issues. Until the shares have been delivered and the settlement is finalized. Robinhood must borrow the money and loan it to the seller until the transaction is cleared. Trades used to be 5 days until shares had to be put in hand. By decreasing settlement time, greater liquidity is created in the market. These loans allow traders to sell a stock and moments later buy another, without having to wait until the shares have been delivered. Robinhood maxed their borrowing limit. The reddit pump actually opened Pandora's box. When a $20.00 stock gets pumped up past $400.00 an even greater opportunity for a profitable short play just got handed back to the hedge funds.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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