you need to take profits. reporter:robinhood and other online brokerages blocked usersfrom buying shares of gamestop and other shortedstocks. - that morning, i woke up tolike minus $10,000 or $15,000. and i was like, yeah, this isthe toughest hit i ve ever had. reporter: these sitessuddenly allowed users only to sell their positions,not to get new ones. reporter:robinhood put out a statement, quote, in lightof recent volatility, we are restrictingtransactions for certain securitiesto position closing only, which meansyou can only sell it. - if you can only sell stocks, then those stocksonly go down. matt kelly: i go to work.and i m standing there. i m givinga presentation, right? i m on a zoom meetingwith 100 people. and the price drops to about120 bucks a share. i m like in the middleof a word. and i look downand i see that and i just went i just freeze. i stopped.i m sick to my stomach.
you need to take profits. reporter:robinhood and other online brokerages blocked usersfrom buying shares of gamestop and other shortedstocks. - that morning, i woke up tolike minus $10,000 or $15,000. and i was like, yeah, this isthe toughest hit i ve ever had. reporter: these sitessuddenly allowed users only to sell their positions,not to get new ones. reporter:robinhood put out a statement, quote, in lightof recent volatility, we are restrictingtransactions for certain securitiesto position closing only, which meansyou can only sell it. - if you can only sell stocks, then those stocksonly go down. matt kelly: i go to work.and i m standing there. i m givinga presentation, right? i m on a zoom meetingwith 100 people. and the price drops to about120 bucks a share. i m like in the middleof a word. and i look downand i see that and i just went i just freeze. i stopped.i m sick to my stomach.
you need to take profits. reporter:robinhood and other online brokerages blocked usersfrom buying shares of gamestop and other shortedstocks. - that morning, i woke up tolike minus $10,000 or $15,000. and i was like, yeah, this isthe toughest hit i ve ever had. reporter: these sitessuddenly allowed users only to sell their positions,not to get new ones. reporter:robinhood put out a statement, quote, in lightof recent volatility, we are restrictingtransactions for certain securitiesto position closing only, which meansyou can only sell it. - if you can only sell stocks, then those stocksonly go down. matt kelly: i go to work.and i m standing there. i m givinga presentation, right? i m on a zoom meetingwith 100 people. and the price drops to about120 bucks a share. i m like in the middleof a word. and i look downand i see that and i just went i just freeze. i stopped.i m sick to my stomach.
i think it was like $467,$497, something like that. i m going in there. i m like, oh, maybe i llbuy one more amc. it s like, i m sorry. you already have a certainamount. you can t buy more. and all of asudden you see a doom. and i m just like,what the fuck? - we re seeing reportsthat robinhood is restricting purchasesof some of these stocks, including gamestop andamc. chris garcia:i wake up that morning, right? one of my buddies hits me up,and he goes, hey, man. you can t buy.i m like, what do you meanyou can t buy? he goes, go on to robinhood. - kelly, robinhoodstopped trading. robinhood stopped trading.you need to sell. you need to take profits. reporter:robinhood and other online brokerages blocked usersfrom buying shares of gamestop and other shortedstocks. - that morning, i woke up tolike minus $10,000 or $15,000. and i was like, yeah, this isthe toughest hit i ve ever had. reporter: these sitessuddenly allowed users only to sell their positions,not to get new ones. reporter:robin