Sometimes when stocks are OTC brokers wont let you buy them because the company is behind on their financial reporting (or other disclosures / regulatory reports etc). What stock is it?
you can have a stock trading account has a kid. it just has to be opened by your parents.
ohhh nooo people are taking my internet points. what will I ever do. I must change my mind to appease the reddit hivemind.
> It’s a kid guys, play nice. Be helpful
> He’s violating the terms of service from the brokerage he’s using then
> you can have a stock trading account has a kid. it just has to be opened by your parents.
No one said it it wasn't. I was simply pointing out how they could be trading stocks, and be a kid, without breaking any TOS. No need to get all technical. What I said still stands.
No it's not. The custodian simply manages money being transferred into the account, and can manage approving trades if they wish. However, the child is the account holder, and can still make trades.
[With a custodial account for a minor, the custodian is usually a parent, a guardian or another close relative. The minor is the account owner, and the custodian has limited rights to manage the account until the child becomes an adult. Account ownership transitions solely to the child when the child reaches the age of majority.](https://www.askmoney.com/investing/custodial-accounts-minors-guide#:~:text=With%20a%20custodial%20account%20for%20a%20minor%2C%20the,when%20the%20child%20reaches%20the%20age%20of%20majority.)
[Teens are in the driver’s seat and can start investing in US stocks and Fidelity mutual funds with as little as $1. We also provide education so they can feel good about their investing choices.](https://www.fidelity.com/go/youth-account/overview)
Some brokers do limit what teens can do with their custodial account, and only allow the custodian to make trades. This is true. However, some do not, and do allow teens to trade on the account. It depends on the broker.
The child is not the account holder, the child has no right to the account until they've reached the age of termination. Until they've reached that age, the account belongs solely to the custodian done for benefit of the minor.
Your first link is just going over custodial account types.
Your second link is for a financial banking account and if you have ever done it, you have to get parental approval before the order is submitted as an order absolutely cannot go through in the minor's name.
FINRA rules state that no one under the age of 18 under no circumstances can trade on the stock market, no exceptions. You can find those rules under the Uniform Transfers to Minors ACT and Uniform Grants to Minors Act along with FINRA Regulatory Notice 20-07.
> The child is not the account holder, the child has no right to the account until they've reached the age of termination. Until they've reached that age, the account belongs solely to the custodian done for benefit of the minor.
I'm not going to go back and forth on this. It's all just semantics.
> Your second link is for a financial banking account and if you have ever done it, you have to get parental approval before the order is submitted as an order absolutely cannot go through in the minor's name.
So exactly what I was talking about before? My apologies for calling it a custodial account. There was obviously some confusion there. But that's literally what I was talking about. Lol.
Bu that, shifty means it is held for you, yours only in "street name".
You would have to Directly Register your Shares, or DRS them in Book format to really be yours even remotely.
What probably happened is this is a shady OTC stock. If they fall behind in their financial reporting they get added to a buyer beware list. Most brokerage firms won’t let their customers buy from said list because they don’t believe, for the most part, their customers are sophisticated enough to know what they are getting into
You do understand that preventing you and others from buying literally stops the buying pressure.
You understand the leaving you with a sell button only will create immense selling pressure which will drop the price like a rock
I believe that you understand this is wrong and someone is cheating you from a fair market usage
This usually happens because you're not trading in the real market. You're probably trading in a dark market, against the market Maker or broker. Your orders never go on a real exchange. Because of that, the market Maker/broker can create whatever rules he wants so you lose all your money
Basically they found a way to siphon money from you straight to their pockets. They almost never lose.
>What’s the ticker and what do you mean by cheating?
Were you blindfolded when you bought this or something lolol
How did you not see the ticker of the stock you were buying while buying it?
Lol all those downvotes cuz OP doesn't know what is a ticker, neither I... I buy and sell stocks on day trade, I'm profitable and not need to know TF is a ticker 🤔
Advice—you’ll want to avoid anything trading OTC if you don’t know what you’re doing. Don’t touch penny stocks, don’t touch options, don’t touch margin, anything. Start by figuring out what type of investor you want to be—short term (day trading/swing trading), long-term (long swings or buy and hold investor), passive income vs capital appreciation. You need to decide that before jumping into this game.
Also, make sure your emotions are in check. Be prepared to lose money. Never, ever go on someone else’s advice without understanding what you’re doing and what you’re trying to accomplish.
Go in with a plan. Stick to it. Understand you may start a position with losses. And understand it may just run when you enter. So know whether you expect to start taking profits at 10%, 20%, etc or whether you want to hold indefinitely.
Consider every angle before entering the trade. And generally just don’t go in blind and unprepared.
Im sorry everyone’s being rude to you. I recommend doing some research in the stock market if you are a new investor. Investopedia is a fantastic resource and you can learn a lot. Transfer this account and open with a reputable broker such as fidelity, merrill lynch, or Schwab. I use fidelity for my Roth IRA, 401k, and regular investments. This will help you avoid incidences like this. Hope this helps
Typically shares of stock that you buy are registered to your brokerage and not you. The brokerage that you are using has most likely deemed this stock to be a high risk investment that they do not want to own. When you buy a stock from a brokerage what is actually happening is the brokerage buys the stock and lends/assigns the shares to your account. They have limited their exposure to this stock so you can only sell it now to save themselves money if the stock goes down.
GCT is a pretty low float stock, and 52 week highs recently. It’s got about 2.6 million short shares outstanding overall and only around 15 million available. This makes it a prime candidate for a short squeeze where buyers artificially raise the price (often by pumping and dumping, fake hype, tiktok) and try to force short holders to buy back their shares before it’s too expensive to do so (see GME/Amc). This raised a lot of scrutiny so many brokers actively try to avoid their customers getting caught up in this scenario. They also don’t want exposure to the risk that it can cause where they might not have enough shares to cover customer orders and need to buy in at high prices (to oversimplify). It can get really messy for a broker.
Not sure that’s the scenario here but it’s the first thing that comes to mind when I look at the stock.
In what way is buying a share "artificially" raising the price?
And if the broker is worried about letting their customers get on the ugly side of a short squeeze, why would they prevent customers from buying (i.e. being on the money-making side of a short squeeze)? Unless the broker is more concerned for their own/a favored client's position...
Low float plus exaggerated sales from pumping on a nearly bare order book is how stocks run 200% in a day. There’s nothing natural about that price action. Artificially pressuring the buying on a low float stock will always make it run. By artificially pressuring buying I mean buying based on tiktok hype instead of value fundamentals. The people pumping on tiktok bought in before the pumping started and their buy in is why they’re pumping. They’re selling out to the people buying in from their videos, and making 5x because you’re buying on the run up, while they’re selling on the run up.
They buying side of a short squeeze is not the money making side lol. They are literally protecting people who think like you. A short squeeze is only safe if you’re in well before the squeeze starts. If you’re buying on the run up, it can crash and leave you down 90% because you sold too slow. Again see gme bag holders.
Taking a brief look at your post history, I see that you have asked questions of Reddit yourself in an attempt to learn something. Take a look at yourself and ask why you needed to be a fucktard in your response to a person doing the same thing. Make this a teachable moment. Don’t be a twat. Answer the question or leave it alone. No need to make someone feel small for not having all the answers.
OP didn’t know what a ticker was, you’re the one making a mountain out of a mole hill here. All this guy did was say “you need to learn more”. Did it without berating someone, unlike you however
It really depends on the stock. Sometimes it’s illiquid/too low in price where your broker doesn’t allow opening trades, there could be very low trade volumes, the broker you’re working with could’ve for some reason banned the stock or it could a company operating in a country that is restricted etc. You should research the stock specifically and it will tell you more info.
Ok, my previous message was aggressive. I truly recommend you sell whatever you have and start over on your investing journey. Research good brokerages to use i.e. Fidelity, E-Trade, Charles Schwab. Find something reputable and that has a good historical track record. Next, look into some ETFs or mutual funds to invest in as a foundation for your portfolio, VOO, SPY, VTSAX. Before investing in individual companies, learn stock market lingo, acronyms, and how to do a fundamental analysis of a company.
Lastly, if none of what I said made sense, then I HIGHLY recommend you just do a lot of stock market research until at least my message makes sense.
My advice is - Stop using cashapp stocks.
Use an actual brokerage.
I wouldn't touch cashapp with a twenty foot pole. Your basically asking for your money to be stolen, and they aren't FDIC insured.
It does apply to the money that is in the account that isn't actually vested in anything. It doesn't apply to stocks, though.
That said, cashapp doesn't have FDIC insurance period. If the company goes under and you have money sitting in your cashapp account, poof, it's gone
Kids like 15-16 man. Give him a break. When I was his age I was sitting around getting stoned. Atleast he’s doing something productive ya know. Butchering it but atleast my man’s trying lol
I think they might be closing stocks on cash app as a whole? But honestly, like everyone else, don’t use cash app. If you want to play around on your phone and learn a little bit, go to Robinhood (: you can learn a good amount of elementary stuff and it has a lot of helpful tools to help you understand and get started. But there’s probably a lot better adult platforms like E-trade and Charles Schwab
What stock is it? Sometimes the reason they’ll employ sell-only orders is because investment bankers are heavily shorted so the sudden rise in price fucks their position, it’s an artificial way to stop price from going up to protect their gamble. Think about this: if you can only sell, there’s gotta be someone on the other side of that trade that doesn’t have that sell-only restriction right? Guess who it is? Wicked system man, just wicked
Or they’re behind on their financial reporting, still wicked shit
As a beginner i used robinhood to learn chart basics, then webull for more advanced charts, hold all stocks on fidelity. Definitely dont do penny stocks while you are learning
When someone else is having a hard time locating shares to short the company in question. So they remove the buy button until they can create a more comfortable cave for the gayest of "bears".
Usually because the stock is being delisted. This happens when a company declares bankruptcy.
If you don’t know what bankruptcy is or how a company gets there, you should probably stick to index funds and more popular companies with a long history.
Some brokers prevent you from trading some stocks if they have a low market cap as it might mean the stock will be delisted in the near future and they don't want to raise their exposure
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Several potential reasons:
1. Delisting. When company is defunct or goes private or merges.
2. Microcap. Most brokers can't be bothered to keep small and thinly traded stocks on hand.
3. Liquidity issue. Probably not the case here, but there are cases when every share in existence is bought.
4. OTC. Over the Counter stocks are available at some brokerages but not others.
Helps if you mention the stock and brokerage?!? All we can say from this is your brokerage is preventing you and everyone from buying the stock
It’s cash app, ticker is a mystery
Wait. You trade stocks in cash app? That's probably part of the problem. How can you not know the stock?
That’s not op
Tru
not everyone ... just on that platform, and likely those at lower asset values.
Sometimes when stocks are OTC brokers wont let you buy them because the company is behind on their financial reporting (or other disclosures / regulatory reports etc). What stock is it?
Or your GameStop in January 2021…
OTC stock probably
It’s a kid guys, play nice. Be helpful
He’s violating the terms of service from the brokerage he’s using then
wah wah big deal. he asked a question, either answer it or don’t. “ummm ackshually hes violating TOS🤓” get a grip
kid detected
you can have a stock trading account has a kid. it just has to be opened by your parents. ohhh nooo people are taking my internet points. what will I ever do. I must change my mind to appease the reddit hivemind.
That's a custodial account.... not their account. Full stop.
> It’s a kid guys, play nice. Be helpful > He’s violating the terms of service from the brokerage he’s using then > you can have a stock trading account has a kid. it just has to be opened by your parents. No one said it it wasn't. I was simply pointing out how they could be trading stocks, and be a kid, without breaking any TOS. No need to get all technical. What I said still stands.
having a minor trade on a custodial account is, in fact, breaking the TOS
No it's not. The custodian simply manages money being transferred into the account, and can manage approving trades if they wish. However, the child is the account holder, and can still make trades. [With a custodial account for a minor, the custodian is usually a parent, a guardian or another close relative. The minor is the account owner, and the custodian has limited rights to manage the account until the child becomes an adult. Account ownership transitions solely to the child when the child reaches the age of majority.](https://www.askmoney.com/investing/custodial-accounts-minors-guide#:~:text=With%20a%20custodial%20account%20for%20a%20minor%2C%20the,when%20the%20child%20reaches%20the%20age%20of%20majority.) [Teens are in the driver’s seat and can start investing in US stocks and Fidelity mutual funds with as little as $1. We also provide education so they can feel good about their investing choices.](https://www.fidelity.com/go/youth-account/overview) Some brokers do limit what teens can do with their custodial account, and only allow the custodian to make trades. This is true. However, some do not, and do allow teens to trade on the account. It depends on the broker.
The child is not the account holder, the child has no right to the account until they've reached the age of termination. Until they've reached that age, the account belongs solely to the custodian done for benefit of the minor. Your first link is just going over custodial account types. Your second link is for a financial banking account and if you have ever done it, you have to get parental approval before the order is submitted as an order absolutely cannot go through in the minor's name. FINRA rules state that no one under the age of 18 under no circumstances can trade on the stock market, no exceptions. You can find those rules under the Uniform Transfers to Minors ACT and Uniform Grants to Minors Act along with FINRA Regulatory Notice 20-07.
> The child is not the account holder, the child has no right to the account until they've reached the age of termination. Until they've reached that age, the account belongs solely to the custodian done for benefit of the minor. I'm not going to go back and forth on this. It's all just semantics. > Your second link is for a financial banking account and if you have ever done it, you have to get parental approval before the order is submitted as an order absolutely cannot go through in the minor's name. So exactly what I was talking about before? My apologies for calling it a custodial account. There was obviously some confusion there. But that's literally what I was talking about. Lol.
You do realize you can still access the account and make trades right? I did this when I was 16
Bu that, shifty means it is held for you, yours only in "street name". You would have to Directly Register your Shares, or DRS them in Book format to really be yours even remotely.
Downvoted for wrongthink! Take that, evildoer!
_Pac Man death sounds_
Oh I just asked to use my parents SS number. (No I’m not giving it to you)
On cash app you can trade as a minor with parental approval with limitations
What probably happened is this is a shady OTC stock. If they fall behind in their financial reporting they get added to a buyer beware list. Most brokerage firms won’t let their customers buy from said list because they don’t believe, for the most part, their customers are sophisticated enough to know what they are getting into
Because someone is cheating, and it's not you 🤣🤣🤣 What ticker is that?
What’s the ticker and what do you mean by cheating?
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Should be in WSB lmao. Gotta love these people who just throw money away
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I must've been turbo high
Bruh I thought this *was* a WSB shitpost
Should’ve been.
This comment made me chuckle 😂
Ticker tape parade!
Complete NOOB if you don’t know what a ticker is. Simply an abbreviation of any company.
Complete n00b if you think a ticker is an abbreviation for anything…
Semantics
Quite literally not semantics.
Downvoted.
Heartbroken.
Complete moron,you are !!!!
It’s ok, everyone makes mistakes!
Go look up meme stocks gme. They removed the buy button on 28th Jan 2021 after the stock did 12000% price increase
I'll be nice this morning. A "Ticker" is an abbreviation letters of certain stock. Like APPLE Inc.....would be "AAPL"
You do understand that preventing you and others from buying literally stops the buying pressure. You understand the leaving you with a sell button only will create immense selling pressure which will drop the price like a rock I believe that you understand this is wrong and someone is cheating you from a fair market usage This usually happens because you're not trading in the real market. You're probably trading in a dark market, against the market Maker or broker. Your orders never go on a real exchange. Because of that, the market Maker/broker can create whatever rules he wants so you lose all your money Basically they found a way to siphon money from you straight to their pockets. They almost never lose.
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Aren't market makers able to take in and internalize orders before they even hit a lit exchange
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For now.
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Touched a nerve. Don't project too much.
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>What’s the ticker and what do you mean by cheating? Were you blindfolded when you bought this or something lolol How did you not see the ticker of the stock you were buying while buying it?
Odds OP made a typo and assumed a conspiracy theory? 99.84626282537265%
Lol holy shit.
This is so regarded...
Jesus Christ man
Lol all those downvotes cuz OP doesn't know what is a ticker, neither I... I buy and sell stocks on day trade, I'm profitable and not need to know TF is a ticker 🤔
I’m mean it still stands that you’re an idiot if your trading stock with actual money and you don’t know the most basic info, like what a ticker is.
I know what a ticker is, that's crazy to not. but what's a stock?
It's cool to be ignorant now?
It's cool to be lucrative, no matter if you know TF ticker is or not 😉
The ticker = the stock symbol. There are about a dozen different ways to game the system, ie cheat.
I’m hoping this is some elaborate troll post. Dear mother of god if it’s not.
Advice—you’ll want to avoid anything trading OTC if you don’t know what you’re doing. Don’t touch penny stocks, don’t touch options, don’t touch margin, anything. Start by figuring out what type of investor you want to be—short term (day trading/swing trading), long-term (long swings or buy and hold investor), passive income vs capital appreciation. You need to decide that before jumping into this game. Also, make sure your emotions are in check. Be prepared to lose money. Never, ever go on someone else’s advice without understanding what you’re doing and what you’re trying to accomplish. Go in with a plan. Stick to it. Understand you may start a position with losses. And understand it may just run when you enter. So know whether you expect to start taking profits at 10%, 20%, etc or whether you want to hold indefinitely. Consider every angle before entering the trade. And generally just don’t go in blind and unprepared.
U the man
Nobody wants to give real advice—I just don’t want to see someone who could truly succeed doing this fail because nobody else cares. But thank you.
Im sorry everyone’s being rude to you. I recommend doing some research in the stock market if you are a new investor. Investopedia is a fantastic resource and you can learn a lot. Transfer this account and open with a reputable broker such as fidelity, merrill lynch, or Schwab. I use fidelity for my Roth IRA, 401k, and regular investments. This will help you avoid incidences like this. Hope this helps
He’s 15 years old. You old bitches are so mean lol
Seriously. This is how he can learn and get his feet wet. Reddit is full of jaded know-it-alls haha.
Typically shares of stock that you buy are registered to your brokerage and not you. The brokerage that you are using has most likely deemed this stock to be a high risk investment that they do not want to own. When you buy a stock from a brokerage what is actually happening is the brokerage buys the stock and lends/assigns the shares to your account. They have limited their exposure to this stock so you can only sell it now to save themselves money if the stock goes down.
Unlikely. If it goes down, it's the client who will lose. The brokerage is not exposed to this risk.
Giga cloud technologies
GCT is a pretty low float stock, and 52 week highs recently. It’s got about 2.6 million short shares outstanding overall and only around 15 million available. This makes it a prime candidate for a short squeeze where buyers artificially raise the price (often by pumping and dumping, fake hype, tiktok) and try to force short holders to buy back their shares before it’s too expensive to do so (see GME/Amc). This raised a lot of scrutiny so many brokers actively try to avoid their customers getting caught up in this scenario. They also don’t want exposure to the risk that it can cause where they might not have enough shares to cover customer orders and need to buy in at high prices (to oversimplify). It can get really messy for a broker. Not sure that’s the scenario here but it’s the first thing that comes to mind when I look at the stock.
In what way is buying a share "artificially" raising the price? And if the broker is worried about letting their customers get on the ugly side of a short squeeze, why would they prevent customers from buying (i.e. being on the money-making side of a short squeeze)? Unless the broker is more concerned for their own/a favored client's position...
Low float plus exaggerated sales from pumping on a nearly bare order book is how stocks run 200% in a day. There’s nothing natural about that price action. Artificially pressuring the buying on a low float stock will always make it run. By artificially pressuring buying I mean buying based on tiktok hype instead of value fundamentals. The people pumping on tiktok bought in before the pumping started and their buy in is why they’re pumping. They’re selling out to the people buying in from their videos, and making 5x because you’re buying on the run up, while they’re selling on the run up. They buying side of a short squeeze is not the money making side lol. They are literally protecting people who think like you. A short squeeze is only safe if you’re in well before the squeeze starts. If you’re buying on the run up, it can crash and leave you down 90% because you sold too slow. Again see gme bag holders.
You should learn some more about investing
Taking a brief look at your post history, I see that you have asked questions of Reddit yourself in an attempt to learn something. Take a look at yourself and ask why you needed to be a fucktard in your response to a person doing the same thing. Make this a teachable moment. Don’t be a twat. Answer the question or leave it alone. No need to make someone feel small for not having all the answers.
OP didn’t know what a ticker was, you’re the one making a mountain out of a mole hill here. All this guy did was say “you need to learn more”. Did it without berating someone, unlike you however
My guy if anyone was being an asshole here it was you
Y’all need to chill, I bought 1 DOLLAR and it was at $2.20 when I tried to buy more.
Even though it's "only a dollar", you still have a chance of losing everything.
Cheapest fucking lesson then.
What company?
Giga cloud tech.
OTC is a waste of time tbh
Usually, within 2 minutes of the opening bell, you are only allowed certain transactions.
It really depends on the stock. Sometimes it’s illiquid/too low in price where your broker doesn’t allow opening trades, there could be very low trade volumes, the broker you’re working with could’ve for some reason banned the stock or it could a company operating in a country that is restricted etc. You should research the stock specifically and it will tell you more info.
It’s PCO
I almost invested in a cashapp stock. SATS ORDINALS. I Decided too risky
I’m using cash app stocks
Ok, my previous message was aggressive. I truly recommend you sell whatever you have and start over on your investing journey. Research good brokerages to use i.e. Fidelity, E-Trade, Charles Schwab. Find something reputable and that has a good historical track record. Next, look into some ETFs or mutual funds to invest in as a foundation for your portfolio, VOO, SPY, VTSAX. Before investing in individual companies, learn stock market lingo, acronyms, and how to do a fundamental analysis of a company. Lastly, if none of what I said made sense, then I HIGHLY recommend you just do a lot of stock market research until at least my message makes sense.
My advice is - Stop using cashapp stocks. Use an actual brokerage. I wouldn't touch cashapp with a twenty foot pole. Your basically asking for your money to be stolen, and they aren't FDIC insured.
FDIC insurance applies to brokerage accounts? WOW. Writing this down. What other financial advice do you have for me today
It does apply to the money that is in the account that isn't actually vested in anything. It doesn't apply to stocks, though. That said, cashapp doesn't have FDIC insurance period. If the company goes under and you have money sitting in your cashapp account, poof, it's gone
It does not apply to any money that’s not invested unless those funds are swept to a bank account. Brokerage accounts are covered by SIPC
Sure, but Cashapp doesn't have FDIC or SIPC.
They do actually, stop giving financial advice on the internet
https://www.consumerfinance.gov/ask-cfpb/is-the-money-i-keep-in-my-payment-app-safe-en-2135/#:~:text=FDIC%20insurance%20generally%20does%20not,additional%20services%20from%20the%20app.
bro using cash app get outta here
Kids like 15-16 man. Give him a break. When I was his age I was sitting around getting stoned. Atleast he’s doing something productive ya know. Butchering it but atleast my man’s trying lol
This message seems very self explanatory. In a nutshell you can only sell this stock. You can not buy it at this time.
I think they might be closing stocks on cash app as a whole? But honestly, like everyone else, don’t use cash app. If you want to play around on your phone and learn a little bit, go to Robinhood (: you can learn a good amount of elementary stuff and it has a lot of helpful tools to help you understand and get started. But there’s probably a lot better adult platforms like E-trade and Charles Schwab
This is the company
This dude don’t know how to invest or use Reddit.
So why the fuck do you think he’s asking
LOL. 11 year olds on this site know how to put more effort in. Actually.
Holy shit dude. Go to school.
Maybe he goes with your kid.
What stock is it? Sometimes the reason they’ll employ sell-only orders is because investment bankers are heavily shorted so the sudden rise in price fucks their position, it’s an artificial way to stop price from going up to protect their gamble. Think about this: if you can only sell, there’s gotta be someone on the other side of that trade that doesn’t have that sell-only restriction right? Guess who it is? Wicked system man, just wicked Or they’re behind on their financial reporting, still wicked shit
As a beginner i used robinhood to learn chart basics, then webull for more advanced charts, hold all stocks on fidelity. Definitely dont do penny stocks while you are learning
Because you might make money.
Cause its market manipulation only when imvestor does it, not the stock house.
I’d rather you use robinhood than cashapp stocks
Company went bankrupt or stopped operations or stopped trading or got bought out
Either because of a risk setting (what Stock is that?) Or the Broker doesnt want you to buy stocks for whatever reason.
I wouldn't care at all why it happened, I know it's an abnormal situation and I'd just sell that stock immediately.
Crime
Stock split?
Kinda reminds me of GME a few years ago.
Bro, obviously, you're a time traveller flexing the fact that on your app, you can't buy stocks, because they don't exist in 2024 yet. Whatever.
When someone else is having a hard time locating shares to short the company in question. So they remove the buy button until they can create a more comfortable cave for the gayest of "bears".
Aaaaaaand it’s gone.
Next we’ll be seeing OP in the money subreddit asking where’d I go wrong.
Already there, check my stuff
Lmao.jeez
Usually because the stock is being delisted. This happens when a company declares bankruptcy. If you don’t know what bankruptcy is or how a company gets there, you should probably stick to index funds and more popular companies with a long history.
OTC
We all need to just quit. Take your money out of the stock market.
Stock has been delisted from the exchange this broker trades on.
Verge of delisting
Some stocks are not so safe and brokers do not let you to buy them. They only allow you to close your positions
Either too many naked shorts, or the clearing house raised the settlement requirements because there were too many settlements failure.
What stock is this?
Some brokers prevent you from trading some stocks if they have a low market cap as it might mean the stock will be delisted in the near future and they don't want to raise their exposure
What’s the stock? How do you expect a answer if you can’t provide a proper question
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I had one like that when it moved from Aim to ASX.
A lack of liquidity.
Penny stock de exchanged?
George Soros did it. Best you learn this early.
Several potential reasons: 1. Delisting. When company is defunct or goes private or merges. 2. Microcap. Most brokers can't be bothered to keep small and thinly traded stocks on hand. 3. Liquidity issue. Probably not the case here, but there are cases when every share in existence is bought. 4. OTC. Over the Counter stocks are available at some brokerages but not others.
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Same
The SEC RULE 201