My two cents on this whole situation for what it’s worth. You can’t really blame the brokers for looking after their own back. You’ve seen what has happened to brokers who didn’t have procedures in place ‘Alpari and the SNB floor removal’. On the flip side
The ‘rumours’ going round about citadel and robinhood ‘working together’ absolutely stinks. I haven’t got a scooby on the legalities of it all but it sounds horrible.
For those that traded/invested in these stocks - fair play. They saw an opportunity. You’d hope anyone who had a punt was happy to lose what they put in. For some the reward would be worth the risk
Risk management is key to longevity but a one off punt - fair enough especially if not leveraged up to your eyes balls.
To be honest, I’d like to know more about the whole thing. I’m seeing a lot of irrational shouts. Will it be talked about in a couple weeks? Probably not
You can follow @snorth19.
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