Market Cap: $3,811,914,659,354
24h Vol: $95,467,003,561
Cryptocurrencies: 27289
Markets: 108940
Cryptocurrencies: 27289
Markets: 108940
Market Cap: $3,811,914,659,354     
24h Vol: $95,467,003,561
Seeking Alpha 2021-01-30 19:24:53

Robinhood’s 50-stock limit list (with SPACs) makes mass exodus likelier: Alpha Tactics

Robinhood’s 50-stock limit list (with SPACs) makes mass exodus likelier: Alpha Tactics
It’s like a bizarro Nifty Fifty.Robinhood (RBNHD) currently has an expanded list of 50 equities where buying shares and options contracts is limited (see full list below with recent performance). On the list, 35 are limited to one whole share (no fractional trading in these stocks) and 15 are limited to five.And the limit isn’t per order or per day. If you already hold 1 share or contract of any of those 35, you can’t add any more, effectively taking them out of the trading pool for a huge number of Robinhood users.As the company explains (italics Robinhood’s), “these are aggregate limits for each security and not per-order limits, and include shares and options contracts that you already hold.”The list is the result of two days of what certainly appeared from the outside as ad-hoc decision-making when the enormity of the WallStreetBets short squeezes and gamma squeezes became clearer.On Thursday,
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