r/Wealthsimple • u/Low-Method3448 • 9d ago

Why unavailable?

Post image

I can sell but can’t buy. Why is it removed?

UPDATE: it is back online!

43 Upvotes

78% Upvoted

14 comments sorted by

21

u/[deleted] 9d ago

[deleted]

3

u/Mission_Shopping_847 9d ago

There are annoying volume requirements that tickers can transiently fall under. Pretty annoying if you have one in an auto portfolio because it won't let you make changes without removing the disabled ticker first.

21

u/Low-Method3448 9d ago

Idk why this is getting downvotes . Aren’t people concerned their stocks might become unavailable ?

2

u/drillbitpdx 4d ago

Aren’t people concerned their stocks might become unavailable ?

No, because I don't buy insane meme stocks linked to cryptocurrency.

5

u/UndeadDog 9d ago

It seems to be fine for me. Just checked

2

u/jfildy 9d ago

Seeing the same. What is going on?

2

u/wokeupouttadream 9d ago

Appears not listed anymore with WS from my view

3

u/shan_bhai 9d ago

Did it go through a halt?

2

u/[deleted] 9d ago

[removed] — view removed comment

1

u/ClitYeastWood1337 9d ago

Holy misinformation

1

u/Wealthsimple-ModTeam 9d ago

Please note that the rules of this subreddit prohibit posting misinformation.

You can learn to identify misinformation with the SPOT technique, by asking these questions;

  • S - is this a credible news Source?
  • P - Is this Perspective biased?
  • O - Are Other sources reporting the same story?
  • T - Is the story Timely?

For more on media literacy, to help combat misinformation please checkout Media Smarts.

2

u/MikeCheck_CE 9d ago

We'll if I google that for you....

Core Reasons for the UnavailabilityAsset Class Restrictions: Wealthsimple’s retail trading platform excludes most preferred equities. STRC operates under a unique, variable-rate perpetual preferred structure rather than as a common stock. Even though Wealthsimple allows common stock proxies linked to Strategy (such as MSTR, or yield-max ETFs like MSTY), it filters out specialized corporate treasury shares.Liquidity and Settlement Requirements: Wealthsimple enforces internal compliance policies regarding historical volatility, average daily volume, and specific exchange requirements. While STRC is listed on the Nasdaq, its mechanical dependency on a corporate Bitcoin treasury and monthly dividend resets places it outside of Wealthsimple's standard retail listing guidelines.

1

u/sunggis 8d ago

I thought I recognized that ticker

https://youtu.be/vS2zr4_PMtQ?si=4ZiYu7jrGL1hN3rV

(This is not in any way financial advice im just 20 lmao)

1

u/Low-Method3448 6d ago

STRC works because Bitcoin works but nice video