We need to see the full story before drawing conclusions, I can't find this thread on wsb. He probably bought them on a margin, then they have the right to close the position if the potential loss is too high as it's their money on the line. Like if he bought it at 300 yesterday and it went to 120 today that maybe have triggered some margin stop loss.
We need to see the full story before drawing conclusions, I can't find this thread on wsb. He probably bought them on a margin, then they have the right to close the position if the potential loss is too high as it's their money on the line. Like if he bought it at 300 yesterday and it went to 120 today that maybe have triggered some margin stop loss.
But they locked everyone out of buying more stock causing the loss in the first place
Agreed. This was likely a margin call by RH.